See Today's AIM Risers Featuring Thor Mining Upgrading its Mineral Resource
Abraham Darwyne
AIM Risers
11:33, 13th December 2018

See our roundup of today's AIM risers - see the full LSE winners & losers board here.

Sound Energy rises 20% to 15.41p a share

Sound Energy (SOU) FOLLOW is a European and Mediterranean oil and gas exploration and production company.

It has a 47.5% interest on the Tendrara concession, onshore Eastern Morocco, with two upcoming wells targeting multi-TCF potential. 

The Company’s shares have been struggling recently following the report it put its TE-10 Eastern Morocco well at between a 14% and 26% chance of success, and the failed producible gas at its first of three exploration wells in the area.

Read more here & follow SOU here: FOLLOW

Thor Mining rises 14% to 1.6p a share

Thor Mining (THR) FOLLOW announced today a mineral resource update at its Pilot Mountain tungsten project in Nevada.

The company noted: “The upgraded mineral resource estimate represents a 6.5% increase in the scheelite inventory for Desert Scheelite”

For the first time, the company noted that the estimate includes zinc in the resource inventory, contributing an additional potential by-product stream to the project.

Mr Mick Billing, Executive Chairman, commented:  "Pilot Mountain hosts a large and, in the directors' view, valuable tungsten resource in the USA, where there has been no primary production of tungsten for some years, despite being classified as a critical mineral by the US Department of the Interior."

Read more here & follow THR here: FOLLOW

MediaZest rises 23% to 0.0925p a share

MediaZest (MDZ) FOLLOW the creative audio-visual systems integrator, is up today as trading volume picks up to 6 times above the average. 

It announced today that its current Nomad Northland Capital Partners has voluntarily relinquished its Nomad status after a proposed merger with SP Angel.

The company stated “In the unlikely event the Company fails to appoint a replacement Nomad by 1 February 2019, the Exchange will suspend trading in the Company's AIM Securities in accordance with AIM Rule 1”

Read more here & follow MDZ here: FOLLOW

Oilex rises 18% to 0.485p a share

Oilex (OEX) FOLLOW has a significant multi TCF potential gas resource at the Cambay PSC in Gujarat state in India in the EP-IV tight siltstones that requires drilling and stimulation optimisation technologies to achieve commercial flow rates.

The company is in discussions with its former JV partner Gujarat State Petroleum Corporation (GSPC) to seek a commercial resolution to transfer GSPC's participating interest in the Cambay PSC to Oilex

Read more here & follow OEX here: ​​​​​​FOLLOW

See all today's AIM Risers here

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