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.
Sareum announce latest update
AIM biotech star Sareum Holdings (SAR) has provided an encouraging update on its studies with Cancer Research Technology.
The Cambridge-headquartered concern reported that it received 'positive results' from pre-clinical in-vivo efficacy studies from their collaboration with Cancer Research Technology and The Institute of Cancer Research (ICR).
A recent 'colon cancer pre-clinical model study' carried out by the Institute of Cancer Research demonstrated that a combination of a Checkpoint Kinase 1 inhibitor (Chk1) together with a chemotherapeutic gemcitabine demonstrates a 'greater than two-fold reduction in cancer growth rate' compared to treatment with the same dose of gemcitabine without the Chk1 inhibitor.
Further pre-clinical in-vivo studies revealed that the collaboration Chk1 inhibitor can 'reduce cancer growth' in both AML (acute myeloid leukaemia) and neuroblastoma (a childhood cancer.)
CEO Tim Mitchell remarked that the results represented 'exciting advances' that were 'demonstrating efficacy of our Chk1 compounds in several cancer models.' He added that the results will 'significantly enhance the licensing package' and 'assist the collaboration in selecting the best compound' for development into a clinical trials candidate.
First Recommended by Growth Company Investor as a speculative buy at 0.54p and again this year at 1.44p and 1.76p, the shares currently trade at 2.9p, having more than doubled this morning from a starting price of 1p. Having gained more than 430 per cent since our initial recommendation, we reiterate our speculative buy rating.
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Shell considers Cove 24/05/2012
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.
Roxi reaches 1,360 metres 23/05/2012
Kazakhstan-focused Roxi Petroleum (RXP) has declared that its NK7 well in the Galaz aea has drilled to a depth of 1,360 metres.
Cluff Natural Resources joins AIM 22/05/2012
Steered by sector veteran Algy Cluff, North-Sea focused cash shell Cluff Natural Resources (CNR) has joined AIM.
Red Emperor exercises Shabeel 21/05/2012
Somalia-focused oil explorer Red Emperor Resources (RMP) has exercised its option to take part in the drilling of the Shabeel North well.
Heritage happy in Iraq 18/05/2012
Oil concern Heritage Oil (HOIL) has reported its Miran West-3 well in Iraq could deliver 1,000 barrels per day of condensate.
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