See our roundup of today's AIM risers - see the full LSE winners & losers board here.
Pennant International Wins Major Contract In The Middle East
Penant International Group (PEN) , rose 10% to 150.5p a share following the announcement of a £10.2m contract in Qatar.
The supplier of integrated training and support solutions, products and services which train and assist engineers has been awarded the contract to supply its existing product range (both hardware and software) as well as new products it has been investing in.
Philip Walker, Pennant CEO commented “This is a strategically important contract award for Pennant which underlines our excellent reputation in the Middle East and increases our contracted order book to over £40 million”.
Read more here & follow PEN here:
Global Petroleum Responds To Cormorant Well Exploration Results In Namibia
Global Petroleum Limited (GBP) , rose 14% to 2.4p a share following encouraging results from its Cormorant well despite it being plugged as non-commercial.
Wet gas signatures, indicative of oil, were evident in the overlying shale to the Albian sandstones target, and given other indications of the presence of hydrocarbons in the Company's blocks, the result is promising.
Peter Hill, Global Petroleum's CEO, commented: "We are very encouraged by firm evidence from drilling of a working hydrocarbon system in the area adjacent to our acreage, which we believe has positive implications for the multiple prospects in our Namibian portfolio.
Read more here & follow GBP here:
Clontarf Energy, The Emerging Oil & Gas Exploration & Production Company Continues To Rise
Clontarf Energy (CLON) rose 22% this morning to 0.535p a share as it continues to gain momentum following the release of its interim results last week.
The company is focused on projects in Africa and South America, with promising prospects of a petroleum resource in ghana and a lithium resource in Bolivia.
John Teeling, Chairman commented “The farm-out market is subdued and exploration shares depressed. A trillion dollars has been cut from necessary investment plans. This is not sustainable. There will be a re-rating of oil stocks. Clontarf plans to ride this wave."
Read more here & follow CLON here:
Ilika, Advanced Solid-State Battery Technology And Materials Innovation Company Announces Pre-Launch Shipment
Ilika, (IKA) rose 14% to 19.5p a share this morning following the announcement it has commenced a pre-launch shipment of its mm-scale Stereax® batteries.
Ilika's mm-scale battery, code-named Golden Hind, is designed for miniature medical implants, which account for about 50% of the current commercial opportunities in Ilika's licensing pipeline.
Shipments have now commenced to global OEM commercial partners in the USA and Asia to developing mass-market medical products, and Golden Hind prototypes are currently undergoing parallel evaluation at Ilika's facility to fully qualify the cells for a product launch in early 2019
Read more here & follow IKA here:
Directa Plus Continues To Rise Following Graphene Road Development
Directa Plus (DCTA) rose 11% back to 66p a share following its announcement last week it re-surfaced the first road in the world with a super modifier containing graphene.
The successful lab tests showed that Ecopave, which is based on Directa Plus’s Graphene Plus product, can increase fatigue resistance by up to 250% - significantly extending the service life of the road surface at a lower life cycle cost than existing tarmacs
Read more here & follow DCTA here:
See all today's AIM Risers here
