NovacytвЂ™s revenue for the first half of 2021 increased over 50 per cent to ВЈ94.7million, compared to ВЈ63.3million for the first half of 2020.

ThatвЂ™s still less than half its 12-month high of 1.194p set in October 2020 but four times its pre-pandemic level. Novacyt, the clinical diagnostics company, is the definition of a volatile stock and it was on the move again this week, rising 35 per cent to 402.05p after its half-year update. While drilling to target depth, good quality sands were found at the Qawasim level however they were not charged with gas.Дiamond finds: Bluerock this week announced the discovery of a 14.3 carat stone The well, however, found that the Basal Kafr El Sheikh sand had been eroded at this location. The primary target for HA-1X was the Basal Kafr El Sheikh sand at about 5,200ft. The HA-1X exploration well on the Hanut prospect spudded on 4 August and reached the target depth of 6,000ft on 17 August, SDX told investors. SDX Energy, down 23 per cent at 11.75p, was another oiler in the casualty ward in the wake of drilling news. The company is now planning an appraisal well for the Merlin project, after latest analysis of this yearвЂ™s well results confirmed the presence of light oil. The company said that well evaluation successfully demonstrated the presence of oil in the N20 and N18 targets, and additionally shows that a new target referred to as N19 was also penetrated in the first well.ДЄ total of 41 feet of net pay was encountered by the well, it added. Shareholders in 88 Energy might, perhaps, draw encouragement from Helium OneвЂ™s experience.ДЄ year ago 88 EnergyвЂ™s shares were languishing at 0.27p and now they are trading at 1.8p but that is after a fall of 24 per cent this week as the post-well evaluation of targets at Merlin-1 in Alaska failed to excite the market. It is located only 20 metres from Tai-1 and is being drilled from the same drill pad, which saves costs and allows a quick turnaround. Tai-2 aims to test the same targets that provided evidence of a helium system in Tai-1 but could not be evaluated properly due to poor hole conditions. The company began drilling Tai-2 just over a week since the non-result of Tai-1 disappointed the firmвЂ™s retail investor base that has bought up the shares strongly in the months following its AIM market float in December.

With the rapid spudding of the Tai-2 well the explorer is not jumping to Plan B, itвЂ™s repeating Plan A. Explorers Helium One and Bradda Head both surged this weekД®lsewhere in the resource sector, Helium One Global rallied 27 per cent to 15.6p as it got into a Robert the Bruce vibe.

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