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
15 Mar 2021 21:44

TRADING UPDATES: Arix backs buyback; 88 Energy notes share price surge

TRADING UPDATES: Arix backs buyback; 88 Energy notes share price surge

Read more
11 Mar 2021 17:17

TRADING UPDATES: Volution and Gem Diamonds resume dividend payouts

TRADING UPDATES: Volution and Gem Diamonds resume dividend payouts

Read more
2 Mar 2021 19:11

TRADING UPDATES: Angus in Balcombe blow; YouGov buys Canada asset

TRADING UPDATES: Angus in Balcombe blow; YouGov buys Canada asset

Read more
23 Feb 2021 15:31

IN BRIEF: 88 Energy Says Merlin-1 Well In Alaska To Spud Early March

IN BRIEF: 88 Energy Says Merlin-1 Well In Alaska To Spud Early March

Read more
19 Feb 2021 10:48

TRADING UPDATES: Urban Logistics Adds Assets, Oakley Buys Into Dexters

TRADING UPDATES: Urban Logistics Adds Assets, Oakley Buys Into Dexters

Read more
19 Feb 2021 09:04

88 Energy rises on progress at Alaska's North Slope

(Sharecast News) - 88 Energy updated the market on its operations on the North Slope of Alaska on Friday, reporting that rig commissioning was now complete, with mobilisation having started for the drilling of Merlin-1.

Read more
11 Feb 2021 14:11

IN BRIEF: 88 Energy Raises AUD12 Million To Fund Activity Through 2021

IN BRIEF: 88 Energy Raises AUD12 Million To Fund Activity Through 2021

Read more
10 Feb 2021 11:18

88 Energy announces AUD 12m fundraise

(Sharecast News) - 88 Energy proposed to raise up to AUD 12m (£6.7m) before expenses on Wednesday, to fund the ongoing evaluation of prospectivity of its existing assets, and to pursue new opportunities in Alaska.

Read more
10 Feb 2021 11:04

AIM WINNERS & LOSERS: SDI Shares Jump As Charts Earnings Growth

AIM WINNERS & LOSERS: SDI Shares Jump As Charts Earnings Growth

Read more
10 Feb 2021 10:36

88 Energy Proposes Fundraise Of AUD12 Million Via Share Placing

88 Energy Proposes Fundraise Of AUD12 Million Via Share Placing

Read more
1 Feb 2021 09:55

88 Energy Gets Green Light For Merlin-1 Well Drilling In Alaska

88 Energy Gets Green Light For Merlin-1 Well Drilling In Alaska

Read more
27 Jan 2021 10:20

AIM WINNERS & LOSERS: Scapa Rises On GBP403 Million Takeover Offer

AIM WINNERS & LOSERS: Scapa Rises On GBP403 Million Takeover Offer

Read more
27 Jan 2021 10:07

88 Energy Shares Rebound As US Well Permit Days From Being Confirmed

88 Energy Shares Rebound As US Well Permit Days From Being Confirmed

Read more
22 Jan 2021 10:35

88 Energy Shares Fall As Bureaus Suspended From Granting Drill Permits

88 Energy Shares Fall As Bureaus Suspended From Granting Drill Permits

Read more
22 Jan 2021 10:30

LONDON AIM WINNERS & LOSERS: Journeo Shares Rally On Purchase Orders

LONDON AIM WINNERS & LOSERS: Journeo Shares Rally On Purchase Orders

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.