GCIRNS Hotlist: Audioboom, Borders, 88 Energy, Gulf Keystone, Oncimune, Pantheon
Audioboom (BOOM), the leading global podcast company where there are apparently multiple bidders waiting in the wings, said that on 3 March, Michael Tobin OBE, the Chairman of the Company, exercised warrants over a further 150,000 shares. Tobin's holding in BOOM is now up to 3.57%.
There was an update from Pantheon Resources (PANR), the AIM-quoted oil and gas company. PANR said operating in Arctic conditions can be challenging and has caused operational issues which have impacted the testing of the SMD. It does however, have excellent data on the SMD which it will continue to analyse and plan for further activities.
88 Energy (88E) said it notes that light oil was recovered during two separate production tests at Pantheon Resources Talitha-A well (as announced by Pantheon on 7 and 21 February 2022). Pantheon drilled the Talitha-A well, which is located just 2.8 miles north of the Project Icewine (88E 75% WI) permit boundary, in Q1 CY2021. The well was suspended following a production test of the Kuparuk.
Borders & Southern (AIM: BOR), a London-based independent oil and gas exploration company, announced its intention to undertake a fundraising of approximately $600,000 (approximately £450,000), clearly taking advantage of the recent strength in its stock.
Oncimmune Holdings (ONC.L), the global immunodiagnostics group, unveiled the signing of a commercial contract with a new top 10 global pharmaceutical company by revenue, initially focusing on the autoantibody profiling of Chronic Inflammatory Demyelinating Polyradiculoneuropathy. Under the terms of this new contract, Oncimmune will utilise its specific high-throughput proprietary biomarker discovery platform, SeroTagTM, to identify autoantibodies related to CIDP.
Gulf Keystone (GKP) confirms that a gross payment of $47.0 million ($36.8 million net to GKP) has been received from the Kurdistan Regional Government. The payment is comprised of gross $38.4 million ($30.1 million net) for Shaikan crude oil sales during November 2021 and gross $8.5 million ($6.7 million net). The current outstanding arrears balance is $21.9 million net to GKP.
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