Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picks88 Energy Share News (88E)

Share Price Information for 88 Energy (88E)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.16
Bid: 0.155
Ask: 0.165
Change: 0.00 (0.00%)
Spread: 0.01 (6.452%)
Open: 0.16
High: 0.16
Low: 0.16
Prev. Close: 0.16
88E Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

AIM WINNERS & LOSERS: Abingdon Health warns results to miss forecasts

Tue, 27th Apr 2021 10:30

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

----------

AIM - WINNERS

----------

Vast Resources PLC, up 31% at 0.10 pence, 12-month range 0.07p-0.29p. Says decline project to Level 19 is progressing on schedule and has started mining fresh higher grade ore at its Baita Plai polymetallic mine in Romania. "I am delighted with the operational progress that we have made in recent weeks and we remain well capitalised to achieve our development plan at Baita Plai without needing to come back to the market for the foreseeable future," says Chief Executive Andrew Prelea.

----------

Argos Resources Ltd, up 13% at 3.40p, 12-month range 1.39p-3.79p. The Falkland Islands-based exploration company says the Falkland Islands government has extended the second term of its PL001 licence by twelve months, to May 2022. Firm has a commitment to drill one exploration well within the licence area by the end of the second term of the licence.

----------

88 Energy Ltd, up 11% at 1.34p, 12-month range 0.23p-4.7p. Says testing commenced on sidewall cores, cuttings, mud gas and fluid samples from Merlin-1, North Slope of Alaska. Results expected over next 2 to 10 weeks. Initial mapping of additional prospective zones encountered in Merlin-1 encouraging, it says.

----------

Jet2 PLC, up 3.9% at 1,471.37p, 12-month range 429.8p-1,524p. The airline and package holiday operator guides to full-year loss, but says vaccine rollout "encouraging". Expects to report a loss before foreign exchange revaluation and tax from continuing operations for the financial year ended March 31 between GBP375 million and GBP385 million, swinging from profit of GBP264.2 million the year before. The UK's vaccine rollout and increasing momentum in Europe are both encouraging for the financial year ahead, Jet2 says, though highlights uncertainty over the UK government's proposed Covid-19 travel restrictions. "We continue to be encouraged by the volume of customer bookings for both Winter 21/22 and for Summer 22, for which package holiday bookings are displaying a materially higher mix of the total," it says.

----------

AIM - LOSERS

----------

Abingdon Health PLC, down 30% at 56.35p, 12-month range 41.5p-136.65p. Hits this 12-month low earlier on Tuesday. The rapid tests manufacturer says results for financial year ending June 30 to be "substantially" below market expectations. It continues to make progress on commercialising the AbC-19 rapid test both in the UK private sector and internationally, and is encouraged by ongoing commercial discussions while progressing required regulatory approvals. "Whilst each of the opportunities at the time of the interims remains in place and the pipeline continues to grow, the speed of adoption and therefore the receipt of orders is taking longer than the board originally anticipated," it warns.

----------

Scotgold Resources Ltd, down 21% at 55.75p, 12-month range 46p-170p. Hits this 12-month low earlier on Tuesday. The gold exploration company concludes that ramp up of underground mining at production at Cononish will be slower than originally planned. Expects production for calendar year 2021 to be materially less than the guidance range communicated in March. "The recent delays to the production ramp-up have had and are expected to have a negative impact on the company's cash position," it says, adding it is looking into financing options, including short-term debt financing from the directors.

----------

By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
10 Mar 2023 14:49

88 Energy starts drilling Hickory-1 exploration well

(Sharecast News) - 88 Energy announced on Friday that Nordic Calista's Rig-2 has started drilling the Hickory-1 exploration well at Project Phoenix, on the North Slope of Alaska.

Read more
10 Mar 2023 09:55

IN BRIEF: 88 Energy jumps as drilling begins at Hickory-1 in Alaska

88 Energy Ltd - Alaska-focused oil exploration company - Begins the drilling of the Hickory-1 exploration well at Project Phoenix in Alaska. The well is designed to appraise up to six conventional reservoir targets and 647 million barrels of oil. It is permitted to a total depth of up to 12,500 feet. Hickory-1 is planned to be initially drilled to 3,500 feet, with surface casing installed and the blow-out preventer system tested. This is expected to take up to two weeks in total. Drilling to total depth is expected to take an additional two weeks. Flow testing at the well is planned to be undertaken during the 2023/2024 winter season, subject to well results.

Read more
8 Mar 2023 15:52

88 Energy annual loss stretches on impairment expense

(Alliance News) - 88 Energy Limited said on Wednesday that it had suffered a significant loss in 2022 due to a one-off expense.

Read more
28 Feb 2023 15:22

Alaska watchdog approves 88 Energy forming of Phoenix acreage unit

(Alliance News) - 88 Energy Ltd on Tuesday said the Alaskan Department of Natural Resources, Oil & Gas Division has approved the formation of the Toolik River Unit over the western and central Project Phoenix lease area.

Read more
27 Feb 2023 21:24

IN BRIEF: 88 Energy nears completion with ice pad construction

88 Energy Ltd - Australia-based oil explorer in US state of Alaska - Says its Hickory-1 ice pad construction in Alaska is nearing completion. Says that the pre-spud operations are on schedule and that the spud of the Hickory-1 well is on track for early March. Expects the mobilisation of Nordic Calista's Rig-2 to the Hickory-1 well location to start shortly.

Read more
6 Feb 2023 12:08

88 Energy gets permit to drill permit for Hickory-1 well in Alaska

(Alliance News) - 88 Energy Ltd on Monday confirmed its permit to drill permit was approved for the Hickory-1 well and raised funds through the placing of 1.84 billion shares to support drilling.

Read more
3 Feb 2023 17:05

LONDON MARKET CLOSE: FTSE 100 beats 2018 record to hit all-time high

(Alliance News) - The FTSE 100 closed at an all-time high on Friday, rounding off a busy week of central bank interest rate decisions on a positive note.

Read more
3 Feb 2023 10:26

AIM WINNERS & LOSERS: 88 Energy surges; Petro Matad plans fundraise

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

Read more
2 Feb 2023 10:18

AIM WINNERS & LOSERS: Immotion surges on Merlin deal, sale of division

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

Read more
25 Jan 2023 21:41

TRADING UPDATES: 88 Energy anticipates well spud; Tern sees progress

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Read more
11 Nov 2022 15:24

TRADING UPDATES: De La Rue defends chair; Resolute Mining fundraise

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
4 Nov 2022 15:42

UK shareholder meetings calendar - next 7 days

Monday 7 November 
B90 Holdings PLCEGM director removal vote
Future Metals NLAGM
Tuesday 8 November 
DG Innovate PLCAGM
Frontier Developments PLCAGM
Wednesday 9 November 
Baker Steel Resources Trust LtdEGM
Essentra PLCAGM
Fundsmith Emerging Equities Trust PLCGM suspension and cancellation of listings
JPMorgan Emerging Markets Investment Trust PLCAGM
Hays PLCAGM
Mid Wynd International Investment Trust PLCAGM
Powerhouse Energy Group PLCAGM
Thursday 10 November 
ACP Energy PLCAGM
Alternative Income REIT PLCAGM
BHP Group LtdAGM
Ferro-Alloy Resources LtdAGM
London Finance & Investment Group PLCAGM
UIL LtdAGM
Friday 11 November 
88 Energy LtdGM proposed resolutions vote
Galliford Try Holdings PLCAGM
Ingenta PLCGM capital allocation
Redrow PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
24 Oct 2022 13:28

88 Energy says making progress towards drilling following estimates

(Alliance News) - 88 Energy Ltd on Monday said it was making progress at a number of its projects, including the Hickory-1 well at its Icewine site, following encouraging results from initial independent resource analysis.

Read more
5 Sep 2022 15:46

88 Energy identifies Hickory-1 well site ready for 2023

(Alliance News) - 88 Energy Ltd on Monday said it has identified a potential location for its exploration well Hickory-1 in its project Icewine East leases.

Read more
23 Aug 2022 18:13

IN BRIEF: 88 Energy updates resource estimate at Icewine East

88 Energy Ltd - Australia-based oil explorer in US state of Alaska - Provides an update for the prospective resource estimate for its Icewine East project. The project now has two independent estimates. On the Alaska North Slope at the project, the mean total unrisked gross prospective oil resource is 1,030 million stock tank barrels of oil. The mean unrisked net entitlement to 88 Energy at the Alaska North Slope is 647MMstb.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.