- Advanced materials company Versarien said it had secured its first graphene order from a US based company operating in the oil and gas exploration sector.

The order was for 12 kilograms of Versarien's high-purity graphene nano platelets and came after successful laboratory testing and industrial trials by the customer.

The enhanced material would be use in down-hole drilling components for their initial scale up process.

If the scale up was successful, additional significantly larger orders were anticipated.

At 8:18am: [LON:VRS] Versarien PLC share price was +9p at 104p

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