Canaccord Genuity discretionary clients have further reduced their stake in oil and gas investor Westmount Energy (LON: WTE) from 6.87% to 0.001%. The share price rebounded a further 29.4% to 1.1p.
Europa Oil & Gas (LON: EOG) says an associate company has signed non-binding heads of terms with a major energy company to farm-out an interest in the EG-08 production sharing contract in offshore Equatorial Guinea. Europa owns 42.9% of the associate, which owns 80% of the production sharing contract. The share price is one-quarter higher at 0.625p.
Mosman Oil and Gas (LON: MSMN) says key permitting approvals for the Sagebrush and Coyote Wash helium projects in Colorado are imminent. At Sagebrush, approval for 3D seismic should be received in mid-Augus. At Coyote Wash, Mosman should gain approval for six drill-ready helium prospects identified by seismic. The share price rose 15.6% to 0.026p.
ECR Minerals (LON: ECR) is leasing a drill rig that will move to the Lolworth gold and rare earths project in Queensland after it has carried out reconnaissance drilling at the Blue Mountain project. This has led to ECR Minerals mapping a potentially suitable area for future commercial production. Potential gold in situ could be worth more than $1.1m. The share price increased 5% to 0.21p.
Minimally invasive surgical endoscopy device developer Creo Medical (LON: CREO) has published a video from the wife of one of the company’s engineers who underwent the procedure. She made a successful recovery. The share price improved 5% to 13.125p.
FALLERS
Restaurants operator Tasty (LON: TAST) has raised £9.25m from a placing at 0.5p/share and a retail offer could raise a further £1m. The Kaye family intend to invest £500,000 in the retail offer, which closes on 6 August. David Page owns 5.42% and Nicholas Wong holds 6.08%.The share price fell back 27.3% to 0.6p.
Automotive connection systems supplier Strip Tinning (LON: STG) reported interim revenues dipping from £4.8m to £4.5m, but the loss was reduced from £2.73m to £1.56m. There was cash generated from operations. Battery technology sales quadrupled to £1.2m. The automotive market is tough, but management is confident about long-term prospects. The share price fell 3.64% to 26.5p.