Hurricane Energy Plc (LON:HUR) has updated on the ongoing review being conducted by its recently formed Listing and Governance Committee (LGC), as it continues to prepare for promotion to a 'premium' segment of a recognised stock exchange.
In a statement, as part of this process, the company confirmed that it transitioning corporate governance policies and procedures towards best practice, which includes benchmarking against the policies and structures of premium listed companies.
It means the company will become compliant with the UK Corporate Governance Code, which is not required for AIM-quoted companies.
Project operator Egdon Resources Plc (LON:EDR) has revealed that the tussle over planning permission for the Wressle field is not over.
The onshore UK company - alongside London-listed partners Europa Oil & Gas Plc (LON:EOG) and Union Jack Oil PLC (LON:UJO) - told investors that it will now make a new planning application to the North Lincolnshire council seeking consent for the Wressle field development.
Iofina PLC (LON:IOF) said its new IO#7 IOsorb plant is nearly complete and should be online next month.
The iodine extractor confirmed that crystalline iodine production in the second half of 2017 exceeded expectations, clocking in at 267.5 tonnes, versus 216.6 tonnes in the same period of 2016.
Advanced materials group Haydale Graphene Industries PLC (LON:HAYD) has entered into a commercial supply and development agreement with Australia-listed Talga Resources.
The tie-up will see the two work together to produce, market and sell jointly-developed transparent conductive ink products using graphene for industrial applications in Asia.
Empyrean Energy Plc (LON:EME) told investors that gas production and sales has begun from the Dempsey well, in the Sacremento basin onshore California.
The well, which is 30% owned by Empyrean, is flowing gas at a rate of 140 thousand cubic feet of gas per day.
Eland Oil & Gas PLC (LON:ELA) has confirmed that the Opuama-8 well has now been drilled and handed over to the field production team.
The Elcrest joint venture subsidiary successfully drilled and completed the well, which is now expected to be flow tested before it goes into production.
Trinidad-focused Touchstone Exploration Inc (LON:TXP) told investors that monthly figures for December saw oil sales of 1,536 barrels per day, up from 1,337 bopd in the month of November.
Notably, production from the four wells drilled during 2017 was described as "strong", averaging 283 bopd for November and December.