Top 5 Most Read RNS's on Vox Markets for Wednesday 12th October 2022
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Top 5 Most Read RNS's on Vox Markets for Wednesday 12th October 2022
5. - COPL Receives Gas Flaring Approval
Announce the Wyoming Oil and Gas Conservation Commission granted the application by Company's affiliate Southwestern Production to temporarily flare additional gas volumes at its operated 85% WI Barron Flats Shannon Unit.
4. - Issue of Equity
Dukemount has issued 74,575,000 ordinary shares to settle a 9.5% extension fee of £74,575 to its existing Noteholders.
Announce the start of recruitment for the pharmacokinetic/pharmacodynamic trial in healthy volunteers (HV) and the decision to commence an Investigator Sponsored clinical study (ISS) for the glioblastoma programme.
2. - Revised Spud Date and Process Capacity Milestone
Following a scheduled maintenance shutdown last week, hourly throughput rates through the process plant (i.e. sales gas) now exceeds our October target production rate of 6 million standard cubic feet per day with well pressures holding in the high forties.
1. - Response to Market Speculation
The Company and its Broker recently began the process of seeking to raise equity, not only to repay and retire the Convertible Loan Facility but also to fund sufficiently the Company's working capital requirements to enable the Company to reach profitability and cash generation during 2023. However, particularly given the impact of the above-mentioned speculation on the share price, and although the institutional equity roadshow is progressing well with positive feedback, there can be no guarantees that sufficient equity funds can be raised, nor the terms thereof.
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