The group highlighted ‘a relatively strong financial position’ in final results for the year ended 31 December 2019 and now awaits drilling at the highly anticipated Perseverance #1 well in the Bahamas.

Advance said West was instrumental in the successful $100m merger of African Petroleum and PetroNor E&P in August 2019 and the subsequent integration of the two companies.

Strategic said it is now proceeding to confirm the decision in the United States District Court in the client's local jurisdiction, where the arbitration technically took place.

The group, alongside its JV partner, Columbus Energy Resources, said the second phase will aim to maintain CO₂ injection at the optimum peak rate of 9 metric tonnes per day.

The group told investors that it had started generating revenues in the UK for the year ending 31 December 2019 following the receipt of CE Mark certification for its myLotus branded products.

Hostel operator Safestay reported today boosted revenue for the 12 months to 31 December 2019 as it laid out plans to reopen its hostels as the coronavirus crisis begins to ease.

The group said it will apply for  a liquefied natural gas ("LNG") import licence for Ireland and has reached a number of confidentiality agreements with a global supplier of LNG and and an owner of LNG regasification vessels.

The group has released its final results for the period ending 31 December 2019 and has highlighted the surge in revenue as largely driven by a £8.6m or 34% contribution from environmental services firm, Watbio, which the company snapped up in December 2018.

The group, which expects to hold its AGM later today, said it is pleased with its progress after securing a range of new partnerships and witnessing increasing demand from the major ad agencies.

The results have confirmed that the chemical composition of the bulk sample from its Kainite harvest ponds at Lake Way aligns with the group’s modelling and shows grades to be within the expected ranges.