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Pin to quick picks88 Energy Share News (88E)

Share Price Information for 88 Energy (88E)

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Share Price: 0.16
Bid: 0.155
Ask: 0.165
Change: 0.00 (0.00%)
Spread: 0.01 (6.452%)
Open: 0.16
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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.

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AIM - WINNERS

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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.

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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.

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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.

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AIM - LOSERS

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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.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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21 Feb 2022 11:31

88 Energy acquires 73pc interest in producing Texas assets

(Sharecast News) - 88 Energy announced the execution of a binding agreement for the acquisition of a 73% average net working interest in established conventional oil and gas production assets in the proven Permian Basin, onshore Texas on Monday.

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14 Feb 2022 14:52

IN BRIEF: 88 Energy raises AUD32 million for Merlin-2 well

88 Energy Ltd - Australia-based oil explorer in US state of Alaska - Raises AUD32 million gross proceeds, about GBP16.8 million, in oversubscribed share placement of 914.3 million shares at AUD0.035 per share. Price was 10% discount to volume weighted average price on ASX for the 30 days to February 9. The new shares will constitute around 5.8% of the enlarged issued share capital of 15.73 billion shares.

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10 Feb 2022 16:01

IN BRIEF: 88 Energy launches GBP16 million raise as drilling approved

IN BRIEF: 88 Energy launches GBP16 million raise as drilling approved

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10 Feb 2022 11:26

AIM WINNERS & LOSERS: Crimson Tide in green after contract win

AIM WINNERS & LOSERS: Crimson Tide in green after contract win

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21 Jan 2022 10:07

IN BRIEF: 88 Energy falls as it begins trading on OTCQB market in US

IN BRIEF: 88 Energy falls as it begins trading on OTCQB market in US

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21 Jan 2022 09:58

AIM WINNERS & LOSERS: Everyman to top forecasts; Angus rise continues

AIM WINNERS & LOSERS: Everyman to top forecasts; Angus rise continues

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17 Jan 2022 17:04

TRADING UPDATES: CentralNic and Pebble tip 2021 earnings rise

TRADING UPDATES: CentralNic and Pebble tip 2021 earnings rise

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6 Dec 2021 21:21

TRADING UPDATES: Orcadian to look at electrification of oil platforms

TRADING UPDATES: Orcadian to look at electrification of oil platforms

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24 Nov 2021 21:20

IN BRIEF: 88 Energy picks spot for Merlin-2 well in project Peregrine

IN BRIEF: 88 Energy picks spot for Merlin-2 well in project Peregrine

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26 Oct 2021 14:58

TRADING UPDATES: Strix launches new products; Sylvania profit down

TRADING UPDATES: Strix launches new products; Sylvania profit down

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15 Oct 2021 20:29

IN BRIEF: 88 Energy plans Merlin-2 appraisal; in strong cash position

IN BRIEF: 88 Energy plans Merlin-2 appraisal; in strong cash position

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2 Sep 2021 14:43

TRADING UPDATES: Serica's Rhum starts production; XLMedia buys in US

TRADING UPDATES: Serica's Rhum starts production; XLMedia buys in US

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31 Aug 2021 21:35

TRADING UPDATES: Jet2 in bumper Airbus order; Strix China factory live

TRADING UPDATES: Jet2 in bumper Airbus order; Strix China factory live

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31 Aug 2021 15:10

88 Energy raising £10.6m to fund Merlin-2 well

(Sharecast News) - 88 Energy announced its plans to raise AUD 20m (£10.6m) before expenses on Tuesday, to finance the drilling and logging of the Merlin-2 well, among other projects.

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16 Aug 2021 12:06

IN BRIEF: 88 Energy spots light oil at Merlin-1 well

IN BRIEF: 88 Energy spots light oil at Merlin-1 well

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