See our roundup of today's AIM risers - see the full LSE winners & losers board here.
Amerisur Resources Rises Following Positive Result From Pintadillo-1 T Sand Discovery.
Amerisur Resources (AMER) the oil producer and explorer focused on South America, rose 15% this morning to 13p a share following the update on its T sand interval at the Pintadillo-1 discovery.
It has flow tested under natural flow at 590 bopd of 30.4 degrees API oil under choke of 18/64" with strong wellhead pressure of 110psi. “Oil produced is being evacuated through the OBA pipeline with a consequent increase in the Company's production”
John Wardle, CEO of Amerisur said: "This is an exciting and very positive result from Pintadillo-1, ahead of what we had expected. Indeed, at current choked production levels, the well will pay back in under a year.
Read more here & follow AMER here:
Location Sciences Group, Mobile Location Data And Intelligence Expert, Announces Contract Win
Location Sciences Group (LSAI) , rose over 11% to 0.025p a share after it signed a 12 month contract with CACI Limited, the pre-eminent location planning business in Europe. The contract will provide a significant revenue stream for the Company and proves the value of it’s location data and its applicability to a wide variety of industries
This contract will allow CACI to incorporate Location Sciences' proprietary location data into its wider dataset, to deliver greater accuracy and precision in location data intelligence to its clients, which include many of the largest companies in the UK's retail and property industries.
Mark Slade, CEO of Location Sciences, said: "We are excited to be partnering with the industry leader. This is a fantastic opportunity for our location data intelligence to be leveraged by the property and retail markets. We believe that this is a great starting point from which, in time, we can roll out our offering internationally."
Read more here & follow LSAI here:
Agriterra, African Agricultural Company Rises 11%
Agriterra Limtied (AGTA) rose over 11% this morning to 13.4p a share. It has faced share price volatility that has persisted for the past several days following the release of its final results for the year ended 31 March 2018.
It reported total revenue decreasing to $9.22m compared to $12.81m the previous year and losses after tax increasing to $5.05m compared to $3.64m.
In the report company chairman said: “The Group is focusing on addressing the operational issues to move towards profitability and to capitalize on the expected growth from the development of the LNG industry in Mozambique.”
Read more here & follow AGTA here:
Union Jack Oil Rises Following Announcement of Proposed Farm-in And Fundraising
Union Jack Oil (UJO) , the late state exploration hydrocarbon investment company, rose over 8% this morning to 0.095p a share after it announced it agreed terms with Rathlin Energy, a subsidiary of Canadian registered Connaught Oil & Gas Ltd on a proposed farm-in for a 16.667% license interest in PEDL183.
PEDL183 is located onshore UK in East Yorkshire and within the Western sector of the Southern Zechstein Basin and contains the significant West Newton A-1 gas discovery, planned to be drilled in Q1 2019.
It also raised £2.25 million before expenses in an oversubscribed fundraising to fund the proposed farm-in and associated well costs
Read more here & follow UJO here:
Nektan, International Gaming Technology Platform And Services Provider, Rises After Trading Update
Nektan (NKTN) rose 7.5% to 21.5p a share this morning following the announcement of another record quarter for the company.
It delivered stronger than expected growth leading to record quarterly revenues, Net Gaming Revenue is up £6.4m, up 12.6% from the previous quarter and 64% from the previous year.
Gary Shaw, Interim Chief Executive Officer of Nektan, said: “Since becoming a public company in 2014, Nektan has seen only one quarter-on-quarter decline in revenue, which was during this usually quieter period of activity in the same period last year, so we are very encouraged to see such a positive quarter and expect this success to continue.
Read more here & follow NKTN here:
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