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: 0.1575
Bid: 0.155
Ask: 0.16
Change: -0.0005 (-0.32%)
Spread: 0.005 (3.226%)
Open: 0.1575
High: 0.16
Low: 0.156
Prev. Close: 0.158
88E Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TRADING UPDATES: 88 Energy signs farm-in deal with Monitor Exploration

Mon, 13th Nov 2023 21:58

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

----------

Atalaya Mining PLC - Nicosia, Cyprus-based Europe-focused copper producer - Says it intends to apply for admission to the London Stock Exchange's Main Market. Says movement of listing from AIM will enhance its profile, appeal to new investors and build on its project success. Says it does not intend to raise funds in connection to the admission. Expects admission before the end of 2023, AIM shares expected to be cancelled before end of December. Chief Executive Alberto Lavandeira says: "We are committed to building upon the significant growth we have achieved to date and our intention to seek admission to the premium listing segment of the Official List reflects our confidence in our future prospects, our expanding investor base and our ambition to become a multi-asset producer with a portfolio of sustainable, scalable and low-risk operations."

----------

Alkemy Capital Investments PLC - London-based company focused on acquisitions in the mining and technology metals sectors - Says subsidiary Tees Valley Lithium Ltd signs lithium supply heads of terms deal with Wogen Resources Ltd. Says deal will secure lithium feedstock for first train of its proposed merchant refinery. Adds that Wogen will supply 20,000 tonnes per year, enough for the first train at the Wilton site for a 5-year period. Notes that lithium price will be negotiated periodically. Expects strong interest from potential offtake partners, discussions continue. Says Wilton refinery expected to be in full production by 2026. Chair Paul Atherley comments: "Signing an agreement with a leading international lithium trader is a significant validation of the project showcasing TVL's strategic drive to ensure consistency in its refining operations backed by Wogen's global expertise and robust trading operations."

----------

Adriatic Metals PLC - precious and base metals explorer and developer that owns the Vares silver project in Bosnia & Herzegovina and the Raska zinc deposit in Serbia - Says exploration drilling at Rupice Northwest, that was not included in its mineral resource estimate, has expanded its deposit. Ads that drilling has continued converting inferred mineralisation to indicated levels. Adds that drilling at its RNW Lower Zone has returned significant high-grade gold and copper, including 43 metres at 2,544 grammes per tonne silver equivalent, including 9.1 grammes of gold per tonne and 1.8% copper. Chief Executive Officer Paul Cronin says: "RNW has expanded westward and to the southeast, bringing it closer to the Rupice deposit and access to underground mining. High silver, zinc and lead grades continue at mineable widths with elevated gold and copper grades."

----------

Goldstone Resources Ltd - Ghana-focused gold producer and explorer - Says its secured gold loan from Asian Investment Management Services Ltd, its principal creditor, is due to be repaid. Says no default notice has been issued, but that the company will have 14 days to repay if a notice is issued. Adds that it is seeking solutions for the repayment of the loan, and is in discussions to renegotiate the payment terms of the loan.

----------

88 Energy Ltd - Alaska-focused oil and gas company based in Subiaco, Western Australia - Signs three-stage farm-in deal with subsidiary of Monitor Exploration Ltd to earn up to 45% working interest in the onshore petroleum exploration licence 93 in the Owambo Basin in Namibia. Says there is future potential to become project operator. Says its forward programme includes the acquisition of 200 line-kilometres of low-impact 2D seismic in mid-2024, as well as a potential initial exploration well in the first half of 2025. Says farm-in deal is subject to government approval, expected in first quarter of 2024. Managing Director Ashley Gilbert says: "The execution of this farm-in agreement with Monitor provides 88 Energy and its shareholders with a fantastic opportunity to earn a significant working interest in a very large scale, highly prospective, under-explored acreage position on attractive and logically staged commercial terms."

----------

Frenkel Topping Group PLC - professional and financial services firm focused on personal injury and clinical negligence - Extends partnership with Hodge, Jones & Allen with 50.50 joint venture. Says partnership sees HJA joint with its independent financial advice division under HJA Financial Management Services Ltd. Says its Chief Operating Officer Mark Holt and Chief Financial Officer Elaine Cullen-Grant will act as directors, alongside HJA's partner Chun Wong and Director Judy Hardy. Holt said: "Our Working in Partnership programme is designed to create alliances between Frenkel Topping and stand out firms in the Personal Injury and Clinical Negligence space who share the same ethos and a mutual drive to achieve the right outcomes in litigation and beyond settlement."

----------

By Harvey Dorset, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
16 Aug 2021 11:06

AIM WINNERS & LOSERS: TP Group slips as Science Group deal falters

AIM WINNERS & LOSERS: TP Group slips as Science Group deal falters

Read more
16 Aug 2021 10:45

88 Energy's Merlin-1 well confirms presence of light oil

(Sharecast News) - Oil exploration and appraisal company 88 Energy said on Monday that post-well evaluation of its Merlin-1 well had successfully demonstrated the presence of oil in multiple stacked sequences in the Cretaceous Nanushuk Formation.

Read more
11 Aug 2021 17:29

EARNINGS UPDATES: Woodbois reports narrowed loss; Goodwin profit rises

EARNINGS UPDATES: Woodbois reports narrowed loss; Goodwin profit rises

Read more
4 Aug 2021 11:29

88 Energy identifies "additional upside" at Alaska's Umiat oil field

88 Energy identifies "additional upside" at Alaska's Umiat oil field

Read more
4 Aug 2021 10:45

AIM WINNERS & LOSERS: Cora Gold shares up on "fantastic" drill results

AIM WINNERS & LOSERS: Cora Gold shares up on "fantastic" drill results

Read more
2 Aug 2021 14:40

EXECUTIVE CHANGES: 88 Energy appoints new COO, chair and non-executive

EXECUTIVE CHANGES: 88 Energy appoints new COO, chair and non-executive

Read more
15 Jul 2021 15:52

88 Energy confirms it now holds full stake in Project Peregrine

88 Energy confirms it now holds full stake in Project Peregrine

Read more
15 Jul 2021 09:21

88 Energy issues fewer shares than expected for Peregrine purchase

(Sharecast News) - 88 Energy announced on Thursday that, in relation to its agreement with Alaska Peregrine Development Company (APDC) for the acquisition of a 50% working interest in Project Peregrine, the final total number of shares issued to APDC was 633,457,196 - 190,634,537 lower than originally projected.

Read more
14 Jul 2021 15:42

88 Energy posts positive update from Alaska's North Slope

(Sharecast News) - 88 Energy updated the market on operations on the North Slope of Alaska, and the ongoing testing programme following the drilling of the Merlin-1 well, on Wednesday, reporting that additional first phase geochemical analysis of fluid extracts from Merlin-1 core samples again demonstrated the presence of hydrocarbons.

Read more
14 Jul 2021 14:46

TRADING UPDATES: Numis boosted by busy IPO market; Cora spots gold

TRADING UPDATES: Numis boosted by busy IPO market; Cora spots gold

Read more
14 Jul 2021 11:30

AIM WINNERS & LOSERS: Tern raises GBP6 million; Kromek revenue down

AIM WINNERS & LOSERS: Tern raises GBP6 million; Kromek revenue down

Read more
1 Jul 2021 19:26

TRADING UPDATES: Gym Group bulks up with placing; 88 Energy debt free

TRADING UPDATES: Gym Group bulks up with placing; 88 Energy debt free

Read more
24 Jun 2021 19:56

TRADING UPDATES: Vitec and Allergy Therapeutics lift full-year outlook

TRADING UPDATES: Vitec and Allergy Therapeutics lift full-year outlook

Read more
21 Jun 2021 19:27

TRADING UPDATES: Ilika expects revenue slip; SysGroup swings to profit

TRADING UPDATES: Ilika expects revenue slip; SysGroup swings to profit

Read more
21 Jun 2021 09:47

88 Energy agrees sale of Alaskan tax credits to pay down debt

(Sharecast News) - 88 Energy has agreed to the sale of all the Alaskan oil and gas tax credits currently held by its wholly-owned subsidiary Accumulate Energy Alaska, it announced on Monday.

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.