See our roundup of today's AIM risers - see the full LSE winners & losers board here.
UK Oil & Gas Investments Rises 5% to 2p a share
UK Oil & Gas (UKOG) , rises 5% following the announcement its Horse Hill Developments subsidiary has declaired the Portland Oil Field commercially viable.
The announcement follows the successful Portland Extended Well Test programme, with intentions to start up a long term Portland oil production during 2019, subject to regulatory consents.
Stephen Sanderson, UKOG's Chief Executive, commented: “The better than expected EWT results have robustly demonstrated that the Portland has significant daily production potential in its own right, which could see the first planned horizontal producer attain sustained oil rates of 720-1,080 bopd. If realised, these rates could make the Horse Hill Portland oil field one of the UK onshore's top producers.
Read more here & follow UKOG here:
PowerHouse Energy Rises 9% to 0.525p a share
PowerHouse Energy (PHE) , the UK technology company pioneering hydrogen production from waste plastic and used tyres, continues to rise as the director Keith Allaun increases his shareholding in the company.
The company recently received an independent “Statement of Feasibility” for its proprietary full-scale commercial engineering design for the waste to power and waste to hydrogen technology processes known as DMG®.
David Ryan, Engineering Director of PowerHouse Energy, commented: “Gaining this Statement of Feasibility provides us with a key foundation in the engineering and risk mitigation programme giving us great confidence in the scale up and roll out of the technology
Read more here & follow PHE here:
Modern Water Rises 4% to 9.3p a share
Modern Water (MWG) rises 4% following the announcement that it has entered into a collaboration agreement with WEC Projects Ltd, a leading South-African EPC contractor which specialises in the provision of engineered solutions in the water and wastewater treatment sector.
WEC Projects will promote MWG’s All-Membrane Brine Concentration technology throughout the African continent.
Simon Humphrey, Modern Water's CEO, said: “Our AMBC technology is proven to deliver a step-change in performance and is the key step in significantly reducing operating costs for customers and consequently lower operating costs."
Read more here & follow MWG here:
Ilika Rises 4% to 19.25p a share
Ilika plc (IKA) , rises 4% following the announcement that it has shipped samples of its Stereax® P180 batteries to a Tier 1 automotive supplier for hostile environment testing.
The advanced solid-state battery technology and materials innovation company, create solid state microbatteries designed to survive elevated temperatures of up to 150 degC.
They are of interest to the automotive industry because of the industry's need to develop lightweight power solutions for sensors, with the number of electronic sensors installed in vehicles increasing significantly in recent years
Read more here & follow IKA here:
See all today's AIM Risers here
