Harvest Minerals (LON: HMI) appointed Mark Reilly as a non-executive director. He has been a director of many AIM and ASX companies, including Forte Energy. This sparked a 16.7% jump in the share price to 0.35p.
Caspian Sunrise (LON: CASP) reports the first oil production from the West Shalva contract area, although cold weather has affected flow rates. They should improve from the current 300 barrels of oil per day. Another well will be drilling in the first half of 2026 and there are plans to upgrade to a full production licence. The share price increased 13.3% to 2.55p.
Empyrean Energy (LON: EME) says the final investment decision gas been approved for the Mako gas project, offshore Indonesia. This is on the Duyung production sharing contract, where Empyrean Energy has a 8.5% interest. First gas could be produced in the fourth quarter of 2027. The project is fully funded at the joint venture level. The share price rose 15.4% to 0.075p.
CyanConnode (LON: CYAN) has negotiated a revised non-binding proposal from Esyasoft, which recently acquired Good Energy. The offer is 10.44p/share, valuing CyanConnode at £37.5m. The original indicative offer was 9.75p/share. The share price has not been above 10p since April 2025. The share price rebounded 11.3% to 9.125p.
RockRose Energy has acquired 2.3% of Deltic Energy (LON: DELT), for which its parent company Viaro Energy has made a recommended offer of 7.46p/share. The deal is dependent on approval by the UK authorities. The share price recovered 5.57% to 4p.
FALLERS
Central Asia Metals (LON: CAML) says the estimated life of its Sasa zinc and lead mine in North Macedonia is up until 2034 and this five year reduction of the mine life will lead to a non-cash impairment charge of up to $120m. The ore body has become more variable and knocked profitability. Exploration may help to extend the mine life. The company says that its dividend policy will not change. There was more than $8om in cash at the end of 2025. Full year results will be published on 19 March. The share price dived 22% to 187.1p.
Security technology and services provider Synectics (LON: SNX) increased full year revenues by 22% to £68.1m, with growth across the business, and earnings improved from 21.7p/share to 28p/share. A major gaming project generated £12m in revenues. Net cash was £14.1m at the end of November 2025. The total dividend is increased from 4.5p/share to 5p/share. This financial year is described as transitional with revenues falling 10% because of last year’s one-off contract and margins will decline. Longer-term growth is expected to accelerate. The share price fell 15.7% to 187.5p.
Kodal Minerals (LON: KOD) says arbitration proceedings have commenced regarding the indemnification claim by Kodal Mining UK, 51% owned by Hainan Mining, of the $15m payment to the government of Mali. Kodal Mining UK holds the Bougouni lithium project. The share price declined 15.9% to 0.345p.
Downing has cut its stake in Anpario (LON: ANP) from 4.09% to 3.12%. The share price dipped 9.35% to 485p.