StockMarketWire.com - Graphene NanoChem's expansion project at Senawang is progressing according to schedule.

The group says sales of its second generation biofuels remain in line with expectations, with toll-refining operations in place while the Senawang plant is shut down.

The group says the Graphene expansion project is also on track and the directors remain confident in the prospects of the PlatDrill graphene-enhanced drilling fluid.

Discussions continue with the end user regarding the determination and selection of well site by Scomi Group's end-customers. The timing of the shipment of PlatDrill will have a material impact on the group's financial results for the year ended 31 December and the Director's remain cautiously optimistic that the group will be able to recognise revenue in relation to PlatDrill this year.

Operations at the Lahad Datu palm oil refinery are progressing in line with operations.


At 9:28am: [LON:GHE] Gresham House share price was 0p at 317.5p



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