Company Overview and News
Smith has almost two decades of experience growing and leading teams in a range of different sized businesses, including ASX-listed and NYSE-listed global companies.
The 2016 financial year has been an extremely challenging year for Oilex and its shareholders, resulting in a loss before income tax of $36 million, primarily affected by non-cash impairment of exploration and development assets of $21.6 million, and reduced recovery of costs from Joint Ventures and costs associated with the Zeta Resources Limited litigation. Against a back drop of a fifteen-year low in oil prices, the Company has had to divert much of its attention from the core business of developing value from its assets to addressing significant joint venture issues in India, costly litigation associated with its last capital raising, and resetting the technical direction at Cambay, in association with lower than expected production rates at its most recent wells and delays associated with joint venture funding contribution to ongoing project activities.
As initially avised on 1 June 2015, Jacka Resources Limited (ASX:JKA) has been funding its portion of the Aje Field development program, offshore Nigeria, via an agreement with AIM-listed MX Oil Plc. (AIM:MXO). Under the terms of this agreement, ownership of Jacka's wholly owned licence-holding subsidiary would transfer to MXO upon commencement of commercial production. That stage has now been reached and accordingly MXO has now taken full control of the licence-holding subsidiary.
MX Oil, the AIM quoted oil and gas investing company, has to date been investing indirectly into OML 113, a Nigerian oil and gas licence, through Jacka Resources Nigeria Holdings Limited ("Jacka Resources Nigeria"), a wholly owned subsidiary of Jacka Resources Limited ("Jacka"). Jacka Resources Nigeria owns 100% of PR Oil and Gas Limited, the holder of the interest in OML 113.
MX Oil, the AIM quoted oil and gas investing company is pleased to note the announcement by Panoro Energy with regard to the Aje Field located in block OML 113 offshore Lagos, Nigeria. MX Oil has been investing indirectly into OML 113 through PR Oil and Gas Limited, a wholly owned subsidiary of Jacka Resources Limited. The commissioning of the Front Puffin floating production, storage and offloading vessel ('FPSO') has now been completed following the 72-hour test.
MX Oil, the AIM quoted oil and gas investing company is pleased to note the announcement by Panoro Energy with regard to the Aje Field located in block OML 113 offshore Lagos, Nigeria. MX Oil has been investing indirectly into OML 113 through PR Oil and Gas Limited, a wholly owned subsidiary of Jacka Resources Limited.
MX Oil, the AIM quoted oil and gas investing company is pleased to note the announcements by Yinka Folawiyo Petroleum Co. Ltd and Panoro Energy regarding OML 113. The operator of OML 113, Yinka Folawiyo Petroleum Co. Ltd, has advised that production of crude oil has commenced from the Aje Field located in Block OML 113 offshore Lagos, Nigeria. MX Oil has been investing indirectly into OML 113 through PR Oil and Gas Limited, a wholly owned subsidiary of Jacka Resources Limited.
MX Oil, the AIM quoted oil and gas investing company, is pleased to note the announcements by Yinka Folawiyo Petroleum Co. Ltd and Panoro Energy regarding OML 113. The operator of OML 113, Yinka Folawiyo Petroleum Co. Ltd, has advised that production of crude oil has commenced from the Aje Field located in Block OML 113 offshore Lagos, Nigeria. MX Oil has been investing indirectly into OML 113 through PR Oil and Gas Limited, a wholly owned subsidiary of Jacka Resources Limited.
2018-04-18 - Asif
History and Development of the Company The company's legal and commercial name is RedHill Biopharma Ltd. The company's company was incorporated on August 3, 2009, and was registered as a private company limited by shares under the laws of the State of Israel. The company's principal executive offices are located at 21 Ha’arba’a Street, Tel Aviv, Israel. In February 2011, the company completed its initial public offering in Israel, pursuant to which the company issued 14,302,300 Ordinary Shares, and 7,151,150 tradable Series 1 Warrants to purchase 7,151,150 Ordinary Shares for aggregate gross proceeds of approximately $14 million. On December 27, 2012, the company completed the listing of its ADSs on the NASDAQ Capital Market. The company's Ordinary Shares are traded on the Tel-Aviv Stock Exchange under the symbol “RDHL,” and its ADSs are traded on the NASDAQ Capital Market under the same symbol "RDHL". The company's capital expenditures for the years ended December 31, 2...
2018-04-16 - Asif
Overview SCYNEXIS, Inc. is a biotechnology company committed to positively impacting the lives of patients suffering from difficult-to-treat and often life-threatening infections by delivering innovative anti-infective therapies. SCYNEXIS is developing its lead product candidate, SCY-078, as the first representative of a novel oral and intravenous (IV) triterpenoid antifungal family in clinical development for the treatment of several serious fungal infections, including invasive candidiasis, invasive aspergillosis, refractory invasive fungal infections and vulvovaginal candidiasis (VVC). SCY-078 is a structurally distinct glucan synthase inhibitor that has been shown to be effective in vitro and in vivo against a broad range of human fungi pathogens such as Candida and Aspergillus species, including multidrug-resistant strains, as well as Pneumocystis species. Candida and Aspergillus species are the fungi responsible for approximately 85% of all invasive fungal infections in t...
2018-04-16 - Asif
Business History Enertopia Corp. was formed on November 24, 2004 under the laws of the State of Nevada and commenced operations on November 24, 2004. From inception until April 2010, the company were primarily engaged in the acquisition and exploration of natural resource properties. Beginning in April 2010, the company began its entry into the renewable energy sector by purchasing an interest in a solar thermal design and installation company. In late summer 2013, the company began its entry into medicinal marijuana business. During its 2014 fiscal year end its activities in the clean energy sector were discontinued. During fiscal 2015 its activities in the Medicinal Marijuana sector were discontinued. During fiscal 2016 its activities in the Women’s personal healthcare sector were discontinued. The Company is actively pursuing business opportunities in the resource sector, whereby the company signed a definitive agreement for a Lithium Brine Project in May 2016. In May ...
2018-04-15 - Asif
Overview The company's mission is to give people the power to build community and bring the world closer together. The company's top priority is to build useful and engaging products that enable people to connect and share with friends and family through mobile devices, personal computers, and other surfaces. The company also help people discover and learn about what is going on in the world around them, enable people to share their opinions, ideas, photos and videos, and other activities with audiences ranging from their closest friends to the public at large, and stay connected everywhere by accessing its products, including: Facebook enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers. There are a number of different ways to engage with people on Facebook, the most important of which is News Feed which displays an algorithmically-ranked series of stories and advertisements individualized for each pers...
2018-04-12 - Asif
Business Overview Verastem is a biopharmaceutical company focused on developing and commercializing drugs to improve the survival and quality of life of cancer patients. The company's most advanced product candidates, duvelisib and defactinib, utilize a multi-faceted approach to treat cancers originating either in the blood or major organ systems. Verastem is currently evaluating these compounds in both preclinical and clinical studies as potential therapies for certain cancers, including leukemia, lymphoma, lung cancer, ovarian cancer, mesothelioma, and pancreatic cancer. The company believe that these compounds may be beneficial as therapeutics either as single agents or when used in combination with immuno-oncology agents or other current and emerging standard of care treatments in aggressive cancers that are poorly served by currently available therapies. Duvelisib targets the Phosphoinositide 3-kinase (PI3K) signaling pathway. The PI3K signaling pathway plays a centr...