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Proactive end of day round-up: Sound Energy; Bezant Resources; Ixico ...

Published: 15:36 05 Jul 2017 BST

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Sound Energy PLC (LON:SOU) has found a success to report just days after disappointing exploration results put a dent in its valuation, revealing on Wednesday that gas production is on the horizon at the Sidi Moktar project in Morocco.

In a statement, Sound told investors that the re-entry into Sidi Moktar’s Koba-1 well has been successful – the well was re-entered, perforated and gas has been flared at surface.

Bezant Resources plc (LON:BZT) has raised £585,000 as it nears first production at its Choco gold and platinum project in Colombia. First production at Choco is set to begin later this month and the money raised today will help fund the ramp up to full, regular production at the project shortly after.

IXICO Plc (LON:IXI) said its TrialTracker technology will be used in a phase II clinical trial of a treatment for people with mild cognitive impairment caused by Alzheimer's disease.The digital platform will be used collate both positron emission tomography (PET) and MRI scans from centres across Europe. 

FairFX Group Plc (LON:FFX) has achieved its first interim net profit since floating in August 2014, with a first half performance that was ahead of expectations.

Alecto Minerals PLC (LON:ALO) is to lose its AIM listing after the prolonged suspension of its shares due to the proposed acquisition of the Mowana copper mine in Botswana. Shares in Alecto have been suspended since 21 December 2016 while it completes the admission document for the deal, which has been structured as reverse takeover.

Sula Iron & Gold PLC (LON:SULA) expects the first result from its key phase 3 drilling at its Ferensola gold project by the end of the month.

Company incubator Frontier IP Group Plc (LON:FIPP) has taken a 20% stake in MolEndoTech Limited – a spinout from Plymouth University. MolEndoTech was set up to develop and commercialise the work of Simon Jackson, the Professor of Environment and Human Health at the south coast university.

SDX Energy Inc (LON:SDX CVE:SDX) has confirmed the size of the new South Disouq gas discovery, in line with its expectations, with an independent consultant assigning just over 47bn cubic feet of contingent resources.

FairFX Group Plc (LON:FFX) has achieved its first interim net profit since floating in August 2014. The low-cost multi-currency payments specialist’s trading statement covering the first half of 2017 revealed the profit performance was ahead of management’s expectations.

Ariana Resources updates resource and reserve; realises long-term strategy

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