In Case You Missed It: An Oil assets sale and some mobile betting takeover speculation
Stockhead’s In-Case-You-Missed-It highlights today’s most interesting small cap stories that might have slipped beneath your radar.
Below is a wrap of the top 20 performing stocks, by percentage, that made announcements today.
Calima Energy (ASX:CE1) has agreed to sell 100% of its Canadian subsidiary Blackspur Oil Corp. – the owner of the Brooks and Thorsby production assets – to Astara Energy for A$83.3 million (C$75 million) cash.
Mobile betting company Bluebet (ASX:BBT) has played a straight bat to takeover speculation, saying that it is “regularly involved in discussions with third parties regarding strategic initiatives, including [fellow bookie] Betr, aimed at maximising value for its shareholders” and “while discussions may occur, there can be no certainty that any transaction will eventuate”.
Embedded electricity provider, Locality Planning Energy (ASX:LPE) says the Bundaberg BioHub, which owes LPE circa $6.1m ($5m capital works fund plus capitalised accrued interest and other costs), has secured construction funding to develop the BioHub that delivers a pathway towards fully repaying the total debt during H1 2024.
Cooper Energy (ASX:COE) has achieved a record instantaneous rate of 70 TJ/d exceeding the nameplate capacity of 68 TJ/d at its Orbost gas processing plant.
Blue Star Helium (ASX:BNL) driller, Hydro Resources Rocky Mountain Inc, has commenced arriving on site for the planned drilling of the BBB #33 well at the Voyager project in Colorado.
Phase one scout RC drilling at Oceana Lithium’s (ASX:OCN) Solonópole project in Brazil, has identified multiple thick pegmatites containing some anomalous lithium and tantalum grades at shallow depth.
Aura Energy (ASX:AEE) has begun extensional drilling at its Tiris uranium project in Mauritania aimed at defining a 100mlbs U308 mineral resource.
At Stockhead we tell it like it is. While Oceana Lithium, Lord Resources, Aura Energy, Calima Energy and Blue Star Helium are Stockhead advertisers, they did not sponsor this article.