Jadestone Energy (LON: JSE) shares jumped 30.1% to 28.75p, having just been off their low for the year. After minor repairs to the water tank, the Montana floating storage platform should recommence production during September.
Orcadian Energy (LON: ORCA) says repayment of a S1m loan from shell has been moved from 23 August to 13 September. There could be further extensions of the loan. Orcadian Energy has cash of £95,000. The share price recovered 22.8% to 3.5p.
Bivictrix Therapeutics (LON: BVX) has been granted a US patent for lead asset BVX001 and it expects to gain a Japanese patent in a few weeks. BVX001 is an antibody drug conjugate than targets leukaemia. The share price is 7.69% higher at 14p.
Defence and security products and services provider Cohort (LON: CHRT) has been awarded a 32-month contract worth £17.5m to provide external communication systems for a UK defence programme. The share price is 7.76% ahead at 521p.
FALLERS
Bluejay Mining (LON: JAY) is raising £600,000 at 1p/ share. The share price fell 12.6% to 1.0225p and at one point was trading below the placing price. The cash will be used to develop the Hammaslahti copper zinc silver gold project in eastern Finland. Final assay results from the second phase of drilling are due in early September. Management is trying to secure further funding for projects from strategic investors.
Synergia Energy (LON: SYN) says the Cambay C-77H well has stabilised production at 130,000-150,000 scf/day and it continues to exhibit severe liquid loading. The installation of an artificial lift system is underway, but progress has been delayed because the workover rig will not arrive until 8 September. The share price declined 8.89% to 0.1025p.
Investors are taking profits in Tan Delta Systems (LON: TAND), which joined AIM last week when it raised £6m at a placing price of 26p. The share price started trading at 28p and then fell back. It has fallen a further 7.16% back to 26p. Tan Delta Systems has developed technology for real-time oil condition analysis. Oil condition monitoring is part of predictive maintenance and involves analysis of lubricant and fuels for contamination and chemical content. This indicates how performance and reliability can be affected. The information can be used to reduce breakdowns and oil consumption, thereby saving money.
Broadcast technology provider Pebble Beach Systems (LON: PEB) reported interims in line with the July trading statement with net debt declining to £5.1m. Revenues were 9% ahead at £5.5m. finnCap is maintaining its full year pre-tax profit forecast at £1.7m, even though the second half revenues will have to be much better to reach £12m. The share price is 3.45% lower at 7p.
