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: 0.1625
Bid: 0.16
Ask: 0.165
Change: -0.028 (-14.43%)
Spread: 0.005 (3.125%)
Open: 0.16
High: 0.166
Low: 0.16
Prev. Close: 0.194
88E Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

EARNINGS UPDATES: Woodbois reports narrowed loss; Goodwin profit rises

Wed, 11th Aug 2021 17:29

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

----------

Woodbois Ltd - forestry and timber trading company focussed on Africa - Reports revenue of USD8.2 million for the six months to June 30, up from USD8.6 million posted a year earlier. The company explained that the decline was due to Covid-19 related disruption in global freight shipping sector. Pretax loss narrowed in the half-year to USD980,000 from USD4.3 million year-on-year, as operating costs reduced to USD1.5 million from USD2.3 million. In addition, finance costs reduced to USD654,000 from USD2.4 million a year ago.

----------

Goodwin PLC - Stoke-on-Trent, England-based engineering company - Says pretax profit for the twelve month ended April 30, was GBP16.5 million, an increase of 36% year-on-year, on revenue of GBP131 million, down from GBP145 million in financial 2020. Pretax profit rose on the back of lower cost of sales, which fell to GBP92.2 million from GBP109.7 million year-on-year. The company proposes an increased dividend of 102.24p versus 81.71p per share the year before.

----------

Hostelworld Group PLC - Dublin-based online booking platform - Reports net revenue of EUR2.9 million in the first half of 2021, a decline of 76% on a prior year. Net bookings decline of 73% was recorded in half year. Net booking volume was down to 300,000 from 1.1 million year-on-year, with cancellations at EUR800,000 versus EUR5.4 million in the first half of 2020. Net average booking value totalled EUR11.72 in the half-year, up from EUR9.45 a year ago, reflecting favourable geographic mix, and higher number of bed nights per booking. Pretax loss widens slightly, to EUR20.7 million from EUR18.8 million in the first half of 2020.

----------

Yourgene Health PLC - Manchester, England-based diagnostics products firm - Says revenue for the financial year to March 31 increased 10% to GBP18.3 million, with Covid-related revenue and strong European NIPT growth offsetting international pandemic headwinds. Total comprehensive loss widened to GBP12.2 million from GBP2.3 million, reflecting a goodwill impairment charge arising from pandemic-related challenges in Asian markets. Says, in the three months to June 30, revenue was over GBP6 million, up 80% on a prior year, driven by Covid-related services and product sales as the UK reopens.

----------

Condor Gold PLC - exploration and development company - Reports widened pretax loss for the six months to June 30 of GBP1.0 million versus GBP335,419 a year ago. The company records higher share-based payments, to GBP199,591 from GBP98,534 and administrative expenses were up to GBP814,269 from GBP735,676. In addition, there was a non-repeat of GBP477,616 gain recorded in the first half of 2020 on disposal of project. "Condor made significant advances during the 6-month period at the fully permitted La India project," notes Chair & Chief Executive Mark Child.

----------

Atalaya Mining PLC - Cyprus-based miner - Says it increased earnings before interest, tax, depreciation and amortisation to EUR99.4 million in the six months to June 30 from EUR22.1 million a year before. Cash flows from operating activities rose to EUR71.0 million from EUR23.0 million year-on-year as a result of robust operational performance at Proyecto Riotinto, combined with strong copper prices. Revenue in the half-year grew to EUR197.1 million from EUR117.7 million a year earlier, with pretax profit jumping to EUR43.9 million from EUR4.5 million.

----------

88 Energy Ltd - Alaska-focused oil exploration and appraisal company - Swings to profit of AUD445,446, about GBP236,967, in the six months to June 30 compared to AUD4.0 million loss posted a year ago. The profit was largely attributable to the sale of tax credits above their fair value. Income jumps to AUD4.3 million from AUD75,860 a year prior. Net assets totalled AUD94.5 million, up from AUD58.9 million at the end of 2020, with the significant increase in net assets being largely due to the repayment of debt and shares to be issued in relation to the APDC transaction which were classified as liability.

----------

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
Today 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
Today 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
8 Jan 2024 16:15

UK shareholder meetings calendar

Tuesday 9 January 
Agriterra LtdAGM
DX Group PLCGM re acquisition by HIG Capital funds
GENinCode PLCGM re fundraise
Leeds Group PLCGM re sale of subsidiary Hemmers-Itex
Smart Metering Systems PLCGM re acquisition by KKR funds
Wednesday 10 January 
Hummingbird Resources PLCGM re share placement
Ironveld PLCAGM
Reabold Resources PLCGM re appointment of new directors
Safestyle UK PLCEGM re approve winding up of company
Scirocco Energy PLCGM re proposed disposal of interests in Energy Acquisitions Group Ltd
Versarien PLCGM re capital reorganisation
Thursday 11 January 
Pennpetro Energy PLCAGM
R&Q Insurance Holdings LtdGM re sale of Accredited to Onex Corp
Ten Entertainment Group PLCGM re takeover by Trive funds
Friday 12 January 
Ashington Innovation PLCAGM
Dukemount Capital PLCAGM
Monday 15 January 
88 Energy LtdGM re fundraising
Mondi PLCGM re special dividend
SRT Marine Systems PLCGM re fundraising
Strip Tinning Holdings PLCGM re fundraising
  
Copyright 2024 Alliance News Ltd. All Rights Reserved. 

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.