We would love to hear your thoughts about our site and services, please take our survey 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: 0.17
Bid: 0.00
Ask: 0.00
Change: 0.00 (0.00%)
Spread: 0.005 (3.03%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 0.17
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: Cora Gold shares up on "fantastic" drill results

Wed, 04th Aug 2021 10:45

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

----------

AIM - WINNERS

----------

Cora Gold Ltd, up 33% at 15.3 pence, 12-month range 6.9p-16.8p. The West African-focused gold company reports results from drilling at Sanankoro gold project, southern Mali. Highlights 49 metres at 15.55 grams per tonne gold and 32 metres at 7.83 grams per tonne gold. Calls these "two further fantastic holes" from the ongoing Sanankoro drill programme. "Even more significantly, the objective of this drilling has been to extend the existing 65m average depth pit shells at Selin deeper, and these initial results provide a great deal of encouragement as we target an updated resource at the end of this programme," says Chief Executive Bert Monro.

----------

88 Energy Ltd, up 17% at 2.83p, 12-month range 0.25p-4.7p. The Alaska-focused oil exploration and appraisal company says further studies conducted in conjunction with the Merlin-1 post well testing and analysis have identified additional upside at the Umiat oil field, Alaska. Receives approval from Bureau of Land Management to defer Umiat year 2 Unit well commitment by 24 months to end of August, 2023. "The 24-month extension to the Year 2 unit obligations allows the company to optimise a full field development plan, which will include evaluating potential synergies with plans associated with the project Peregrine acreage. It will also enable 88 Energy to use the knowledge gained from drilling the Merlin-1 well to plan an efficient operational program to maximise the chance of success at Umiat," it says.

----------

Cyanconnode Holdings PLC, up 10% at 12.15p, 12-month range 3.2p-14.5p. The narrowband radio frequency smart mesh networks firm wins contract for a smart metering deployment in Africa. Says around 90% of revenue will be recognised during the first two years of the contract with the balance being received during the annual maintenance contract.

----------

AIM - LOSERS

----------

Trinity Exploration & Production PLC, down 7.7% at 150p, 12-month range 73.45p-187.5p. Reports the sudden death of Bruce Dingwall, executive chair, on Tuesday. He founded Trinity in 2005, following the acquisition of Venture Production PLC's Trinidadian assets, and became executive chair in 2013.

----------

By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
24 Apr 2024 14:26

TRADING UPDATES: 88 Energy firms bookbuild; Gama Aviation inks deal

(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
23 Apr 2024 14:00

88 Energy proposes placing to raise up to AUD9.8 million

(Alliance News) - 88 Energy Ltd on Tuesday proposed funds of up to AUD9.8 million, or GBP5.2 million, via a share placing.

Read more
23 Apr 2024 10:21

88 Energy raising AUD 9.8m to strengthen balance sheet

(Sharecast News) - 88 Energy announced its intention to raise up to AUD 9.8m (£5.23m) on Tuesday, to strengthen its balance sheet and provide capital for ongoing projects.

Read more
19 Apr 2024 10:04

IN BRIEF: 88 Energy hails successful flow test at Hickory-1 well

88 Energy Ltd - Alaska-focused oil exploration company - Announces successful flow test at Hickory-1 well in Phoenix Project, Alaska, citing light oil flow from two reservoirs. Says it will search for a farm-out partner to fund the next stage of development of Hickory-1.

Read more
15 Apr 2024 11:36

IN BRIEF: 88 Energy hails second light oil discovery at Hickory-1

88 Energy Ltd - Alaska-focused oil exploration company - Makes second light oil discovery at Hickory-1 reservoir in Phoenix project, Alaska. Says flow test demonstrates a peak flow rate of 50 barrels of oil per day of light oil. Managing Director Ashley Gilbert says: "Having now successfully demonstrated light oil flow from two reservoirs at Hickory-1 in recent weeks, it is clear that this is a significant milestone in the history of 88 Energy. The USFS success represents the first time that we have successfully flowed oil to surface in Alaska - and under natural flow - as well as being the first time we have confirmed a light oil discovery of substantial scale in close proximity to the critical Dalton Highway and Trans-Alaskan pipeline system infrastructure. To then achieve a second successful flow of light oil from the SMD-B reservoir, with a low gas/oil ratio, is an outstanding outcome for 88 Energy and its shareholders."

Read more
2 Apr 2024 12:36

EARNINGS: Capricorn Energy loss narrows; Crystal Amber net assets up

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

Read more
2 Apr 2024 10:50

AIM WINNERS & LOSERS: 88 Energy finds oil at Hickory-1; Redx to delist

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

Read more
25 Mar 2024 17:32

88 Energy updates market on Hickory-1 well in Alaska

(Alliance News) - 88 Energy Ltd on Monday provided shareholders with an update on its ongoing flow testing operations at the Hickory-1 well within its Project Phoenix acreage located on the North Slope of Alaska.

Read more
11 Mar 2024 14:26

IN BRIEF: 88 Energy says operations underway at Hickory-1 well

88 Energy Ltd - Alaska-focused oil exploration company - Says well operations are underway ahead of perforating and flow testing the USFS zone at the Hickory-1 discovery well within its Phoenix project. The testing program is expected to be completed during March 2024.

Read more
28 Feb 2024 18:13

TRADING UPDATES: AB Dynamics trades in line; Verditek sells solar arm

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

Read more
23 Feb 2024 08:59

TRADING UPDATES: Plant Health eyes Mexico Saori launch; NARF wins deal

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

Read more
19 Feb 2024 11:41

IN BRIEF: 88 Energy in final preparations for Hickory-1 flow test

88 Energy Ltd - Alaska-focused oil exploration company - Says flow testing operations are advancing at the Hickory-1 well at the Phoenix project in Alaska. Construction of the ice pad and rig commissioning have been completed, and camps have been mobilised to the Hickory-1 location. Company expects to complete final preparations within the next seven to ten days, including completing rig mobilisation and associated services.

Read more
30 Jan 2024 14:09

IN BRIEF: 88 Energy Hickory-1 well flow test to start in February

88 Energy Ltd - Alaska-focused oil exploration company - Says Hickory-1 well discovery well flow test and stimulation program is set to begin in early February, while rig mobilisation will start in mid-February. Adds that the maiden prospective resource estimate for the Upper Schrader Bluff reservoir in its Leonis project is expected in the first half of 2024.

Read more
12 Jan 2024 15:17

88 Energy gearing up for Hickory-1 flow test

(Sharecast News) - 88 Energy is gearing up for a significant milestone in its operations, it announced on Friday, with the impending Hickory-1 flow test, scheduled to start in mid-February.

Read more
12 Jan 2024 10:11

88 Energy to commence USD11 million Hickory well tests in mid-February

88 Energy Ltd - Alaska-focused oil exploration company - Says it will conduct a flow rate and well stimulation program at its Hickory-1 well, expected to commence in mid-February. Testing for the well, which is located at 88's Phoenix project in Alaska, has a budget of USD11 million and is fully funded according to the company. The Hickory-1 well was first spudded in March and was suspended in April ahead of the upcoming flow tests. The tests' design, planning and logistics are complete, the company says, and permitting is on track for the end of January. Testing will focus on the well's slope fan system and shelf margin deltaic, both of which will be tested separately. The company says that the tests are intended to provide "critical" information for refining the well's development plans, including the reservoirs' durability, fluid compositions, pressures and connectivity.

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.