Proactive news snapshot: Block Energy, Powerhouse Energy, Learning Technologies, Hurricane Energy ...

A glance at some of the day's highlights from the Proactive Investors newswire

Your daily round-up from the world of Proactive

Block Energy PLC (LON:BLOE) told investors that ongoing production from the 16aZ well at the West Rustavi field validates its expectation beating initial results. Production rates from the well are presently constrained due to capacity restraints at surface, but, the company highlighted that the rate remains consistent with the initial 1,100 barrels of oil per day result earlier this month.

Powerhouse Energy Group PLC (LON:PHE) has signed its first revenue generating contract with its exclusive partner, Waste2Tricity Limited (W2T).

Learning Technologies Group PLC (LON:LTG) is buying a US recruitment software group in a deal worth up to US$30mln. It is putting down an initial US$12mln for Breezy HR, whose products are used by 10,000 companies in 72 countries.

Hurricane Energy PLC (LON:HUR) has announced the spudding of the Warwick Deep exploration well, the first to be drilled in partnership with Centrica-backed Spirit Energy. It is the first of three planned wells in the programme which will assess the Greater Warwick Area (GWA), which comprises the Lincoln discovery and the previously untested Warwick prospect.

Kibo Energy PLC (LON:KIBO) shares soared higher on Wednesday after news it has appointed Wimmer Financial LLP to advise the company on and manage all aspects related to the structuring and provision of a project finance corporate credit line facility of up to US$900mln.

Graphene product specialist Directa Plus PLC (LON:DCTA) more than doubled annual revenues as its raft of commercial partnerships started to generate orders. Total income in 2018 rose to €2.5mln (€1.23mln) with sales of €2.25mln (€1mln) if grants are excluded.

Argo Blockchain PLC (LON:ARB) has reaffirmed its target of being break-even at the EBITDA level in the second half of this year as it published its maiden results as a listed company. It has now stopped accepting new subscriptions and is ending all mining-as-a-service contracts and will now mine crypto-currencies for itself following a downturn in the market. It is also cutting costs.

Amryt Pharma PLC (LON:AMYT) chief executive Joe Wiley said the company has created the “commercial platform and critical infrastructure to make this a significant business and cash generator”. He was speaking following the release of full-year results for the group, which revealed turnover had grown 13.3% to €14.5mln in the 12 months to December 31.

Online gaming platform operator Nektan PLC (LON:NKTN) has completed the sale of a majority stake in US operation Respin, but a lower price than originally expected. Nektan has sold 57.5% of Respin to Alternative Investment Partners Limited (AIP), a different buyer than originally planned, for £300,000 cash plus the provision of US$800,000 in working capital.

A full quarter of production from its newest plant helped Iodine producer Iofina PLC (LON:IOF) to a record start to the year.

Sound Energy PLC (LON:SOU) has confirmed that its partner Schlumberger has now converted its interest in the Anoual permits, part of the Tendrara exploration venture, into a direct stake in the project.

Galileo Resources PLC (LON:GLR) has raised £500,000 in a share placing the help fund the advancement of its Star Zinc project in Zambia. The exploration firm said it had placed 100mln new shares with institutional and retail investors at a placing price of 0.5p each, a 13.8% discount to its last close price of 0.58p on 16 April.

Premier African Minerals Limited (LON:PREM) has scrapped plans to buy 50% stakes in its mine contractor KME and the Honey Badger gold deposit. The Zimbabwe-based group took the decision due to the ongoing uncertainty over the future of its RHA tungsten mine. Big Pic in October.

RM Secured Direct Lending PLC (LON:RMDL, the investment trust specialising in secured debt investments, announced that its investment manager, RM Capital Markets Limited acquired 29,084 ordinary shares in the company at 101.50p each on 16 April 2019. Following the purchase and taking into account a distribution of its holding to some staff members of the Investment Manager as part of its 2018 remuneration policy, the investment manager's total holding in the company is 961,008 ordinary shares.

appScatter Group PLC (LON:APPS) said that, further to the announcement of 8 April 2019, the board is still waiting for the remainder of the £2.2mln share and once all the funds have been received the company will issue a further announcement applying for all the new Ordinary Shares to be admitted to AIM.

KRM22 PLC (LON:KRM) said yesterday that it has been notified that on 15 April 2019 Stephen Casner, its chief executive officer USA acquired 1,000 ordinary shares in the company at a price of 8p each. It added, following this transaction, Casner has an interest in 513,143 ordinary shares representing 2.81% of the company’s entire issued share capital.

Shefa Yamim (A.T.M.) Ltd. (LON:SEFA) said that, following its announcement on 11 April 2019, the planned 10 to 1 share split will now become effective on 23 April 2019, not 17 April 2019 as originally announced.

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