Gulf starts at Sheikh Adi-2 25/05/2012
Iraq-focused oil explorer Gulf Keystone Petroleum (GKP) has begun drilling at the Sheikh Adi-2 well in the Sheikh Adi block.
Stem cell therapy pioneer ReNeuron says another pre-clinical study shows positive results for its CTX stem cell line.
According to the Guildford-based company, research conducted by Professor Paolo Madeddu, chair of experimental cardiovascular medicine at the Bristol Heart Institute, has shown positive efficiency data for the CTX line in treating peripheral arterial disease (PAD). A chronic and debilitating disease, PAD restricts blood flow in the limbs and is associated with diabetes, obesity and stroke.
ReNeuron says Professor Madeddu’s research showed that the cells were seen ‘to generate significant recovery of blood flow’ and to improve damaged tissue. The results will be the focus of a presentation this week at the UK National Stem Cell Network Second Annual Scientific Conference in Oxford.
ReNeuron shares plunged from 48.5p to 2.75p between early 2007 and last December. They have now bounced to 4.38p, valuing the company at £6.75 million.
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Iraq-focused oil explorer Gulf Keystone Petroleum (GKP) has begun drilling at the Sheikh Adi-2 well in the Sheikh Adi block.
Oil giant Shell is extending its offer period for Mozambique-focused Cove Energy (COV) after having its bid trumped by Thai government-owned PTT Exploration & Production.
Kazakhstan-focused Roxi Petroleum (RXP) has declared that its NK7 well in the Galaz aea has drilled to a depth of 1,360 metres.
Steered by sector veteran Algy Cluff, North-Sea focused cash shell Cluff Natural Resources (CNR) has joined AIM.
Somalia-focused oil explorer Red Emperor Resources (RMP) has exercised its option to take part in the drilling of the Shabeel North well.
Oil concern Heritage Oil (HOIL) has reported its Miran West-3 well in Iraq could deliver 1,000 barrels per day of condensate.