The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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: TP Group slips as Science Group deal falters

Mon, 16th Aug 2021 11:06

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

----------

AIM - WINNERS

----------

BlueRock Diamonds PLC, up 11% at 45.00 pence, 12-month range 40.00p-63.50p. The South African-focused diamond miner discovers 58.6 carat stone at the Kareevlei diamond mine. Company expects sales value of the diamond to be "significant". Executive Chair Mike Houston says: "This is a very important discovery for BlueRock as it supports the 'size frequency distribution charts' that indicate our pipes will deliver large high-value diamonds along with the highly sought after 'run of mine' parcel of diamonds which have secured values of over USD400 per carat in 2021." Notes this is largest stone recovered in 2021.

----------

88 Energy Ltd, up 9.5% at 2.59 pence, 12-month range 0.27p-4.05p. The Alaska-focused oil exploration and appraisal company says Merlin-1 well successfully demonstrates the presence of oil in multiple stacked sequences in the Cretaceous Nanushuk Formation, which includes the N20 and N18 targets. Adds an additional new target, the N19 sand, that was not previously mapped, also returned a "strong" hydrocarbon signature following geochemical analysis. "Wireline analysis and core data correlate to 41 feet of net log pay across the 3 reservoir intervals. In addition, results of the post well formation evaluation, including core and reservoir description tool data have determined the presence of moveable hydrocarbons. Geochemical analysis of the cores has determined the presence of a light oil with an estimated API gravity between mid-30 to low-40 API," 88 Energy explains.

----------

Cellular Goods PLC, up 4.4% at 7.20 pence, 12-month range 6.15p-19.00p. Signs "multi-year" manufacturing and supply agreement with Chanelle McCoy Health Ltd for ingestible products. Pure cannabinoid products provider Chanelle McCoy Health to supply Cellular with three CBD ingestibles which will go on sale under Cellular Goods branding in UK first, then continental Europe in 2022.

----------

Tekmar Group PLC, up 4.0% at 52.00 pence, 12-month range 41.80-109.00p. The provider of technology and services for offshore energy markets signs memorandum of understanding with DeepWater Buoyancy Inc to form partnership to enhance their offshore energy project capability. "The partnership is focused on the new and emerging floating offshore wind market which has an exponential growth forecast of 10GW installed capacity by 2030. Tekmar and DeepWater Buoyancy will provide greater value across the life of a floating wind project by offering a collective package of geotechnical assessment and engineering analysis, cable and mooring system design, cable protection and stabilisation solutions, cable buoyancy, and mooring line buoyancy," Tekmar explains.

----------

AIM - LOSERS

----------

TP Group PLC, down 6.0% at 4.98 pence, 12-month range 3.18p-7.50p. The engineering firm rejects a takeover approach from Science Group PLC. Science Group says "obstructive approach of the TP Group board is indefensible". "For the avoidance of any doubt, Science Group has not withdrawn its interest in potentially making an offer for TP Group. However while Science Group believes there are considerable benefits for all stakeholders from a combination of the organisations, with the uncertain financial position of TP Group, it is unlikely that Science Group will be able to make an offer if the TP Group board continue to refuse to cooperate," Science Group says. Science Group is third-largest shareholder in TP Group after last Tuesday, when Science Group purchased 79.3 million TP Group shares - or 10% of the company's issued share capital - on the open market. Science Group shares are trading unchanged.

----------

By Paul McGowan; paulmcgowan@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.