Synergia Energy (LON: SYN) says production from two wells on the Cambay PSC (WI: 50%), onshore India, averaged 78 barrels of oil/day in February and so far in March it has increased to 195 barrels of oil/day. The C-77H gas well is producing around 500,000 scf/day. The share price jumped 28.6% to 0.009p.
Quantum Blockchain Technologies (LON: QBT) has had a busy week. It has delivered its first Bitcoin mining rig to one of its three ASIC manufacturers that is a potential partner. The company is working on implementing the software version of Method C AI Oracle into the rig’s operating system. This follows progress with patent applications. Discussions have been held with interested parties at the Nashville Energy & Mining Summit in late January. The share price recovered 21.2% to 0.515p.
Beacon Energy (LON: BCE) has been readmitted to AIM following the purchase of a 48% stake in Italian gas projects developer LN Energy, which holds 90% of the Colle Santo field in onshore Italy. The field has 2P gas reserves of 12mmboe and could start producing within 18 months. The rise in gas prices makes the field potentially even more strongly cash generative. This will cost $30m and be funded by debt. Beacon Energy has raised £3.75m at 3.9p/share. The share priced returned up 12.8% to 4.4p.
Adam Kaye, director of cinemas operator Everyman Media (LON: EMAN), bought two million shares at 24.5p each. He has a 8.17% stake. The share price improved 8.16% to 26.5p.
Shares in Rosebank Industries (LON: ROSE) have returned from suspension 3.35% higher at 339p after it published the readmission document for its latest acquisition. Rosebank Industries is making its second major acquisition less than two years after joining AIM. It is paying $3.05bn (£2.28bn) on a debt free basis for ASP MWI, which has two businesses. MW Components is a provider of bespoke fasteners, springs and metal components, while CPM manufactures processing equipment used in oilseed, animal feed, renewable energy and industrial materials sectors. A placing raised £1.9bn at 330p/share, while a retail offer generated £7.7m and directors are subscribing for £12.3m for shares. The previous acquisition was funded at 300p/share.
FALLERS
Alba Mineral Resources (LON: ALBA) addressed rumours that earn-in rights for the Finnsbro project in Sweden have been terminated. Alba says it has fulfilled its obligations under the deal. Alba recently raised £800,000 at 0.02p/share and some of the cash will fund completion of the assay programme at the Finnsbo gold copper rare earths project in Sweden. Alba says that it has earned its 255 stake and further spending will increase this to 51%. Alba says it will ensure its rights are recognised. The share price slipped 10.3% to 0.0175p.
Malawi focused rare earths and graphite miner Sovereign Metals (LON: SVML) used $20.4m of cash in operating activities in the six months to December 2025. It still had cash of $33.9m. the cash was spent completing the DFS on the Kasiya project. The share price initially fell to 47.5p, but it is currently 1% lower at 48.5p.