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Pin to quick picks88 Energy Share News (88E)

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

Tue, 02nd Mar 2021 19:11

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

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Angus Energy PLC - UK-focused onshore oil and gas development company - Notes West Sussex County Council's Planning Committee rejects planning application for an extended well test at Balcombe oil field. Angus says "disappointed" by decision. "The company is presently evaluating all of the options available with its partners," Angus adds.

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YouGov PLC - London-based research data and analytics group - Buys Toronto-based sports research and consulting agency Charlton Insights, boosting YouGov Sport's presence in Canada. Acquisition fee is tied to a "three year earn-out", YouGov adds.

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CloudCall Group PLC - Leicester, England-based provider of unified communications and contact centre software - Receives additional demand so boosts size of fundraising to GBP7.5 million, from GBP7.0 million. Equity raise consists of 8.8 million placing shares and 357,169 shares as part of PrimaryBid offer.

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Next Fifteen Communications Group PLC - London-based digital communication group - To repay GBP1.4 million in furlough money from UK government amid "continued strong trading performance".

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FastForward Innovations Ltd - technology and life sciences sector focused investor - Notes 2.3% owned investee EMMAC Life Sciences sells wellness brands to Yooma Wellness Inc. FastForward has a 9.0% stake in Yooma.

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Vela Technologies PLC - Bingley, England-based company with investments in early-stage disruptive technology businesses - Invests roughly GBP66,000 in Mode Global Holdings PLC, as part of the London-listed fintech firm's GBP6 million placing.

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Warehouse REIT PLC - real estate investment trust focused on warehouse assets - Buys multi-let warehouse estate on Glasgow Airport Business Park for GBP5.3 million, representing net initial yield of 6.3%. "The property generates a net rental income of GBP357,000 per annum," Warehouse REIT adds.

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600 Group PLC - West Yorkshire, England-based manufacturer and distributor of machine tools, precision engineered components and industrial laser systems - Says three US operations granted forgiveness of initial loans under US government's Paycheck Protection Program. Loans amount to USD2.2 million. "Second round funding under the PPP scheme for an additional USD2.2 million has been applied for. From this application, two of the three entities have so far received their allocation, amounting to USD1.6 million, with the remaining USD600,000 expected to be received in the coming weeks," 600 adds. Notes order intake has continued to improve since first Covid-19 outbreak, with February up about 40% annually.

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Coral Products PLC - Merseyside-based supplier of injection moulded plastic products - Completes disposal of Coral Product (Mouldings) Ltd and Interpack Ltd to One51 ES Plastics UK Ltd for GBP7.9 million. Notes as planned, Chief Executive Officer Michael Wood steps down following disposals. Non-Executive Chair Joseph Grimmond becomes executive chair.

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Omega Diagnostics Group PLC - sells wide range of specialist products, primarily in the immunoassay, in-vitro diagnostics market - Lands contract with Screen4 Ltd to provide Covid-19 antibody laboratory-based testing services.

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Quadrise Fuels International PLC - London-based fuel conversion technology firm - Raises GBP6.0 million from placing of 222.2 million shares at 2.7 pence each.

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PureTech Health PLC- Boston, Massachusetts-based biotherapeutics company - Founded entity Karuna Therapeutics, a firm developing medicines for psychiatric and neurological conditions, prices offer of 2.1 million shares at USD120.00 each. To raise about USD250.0 million.

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Castillo Copper Ltd - Australia and Zambia focused base metal explorer - Earmarks "strategic intent" to progress Big One deposit, Australia following " a series of excellent assay results" and global demand for copper. Castillo adds: "Further work is planned to extend known mineralisation and Big One deposit's potential scale, commencing with an induced polarisation survey to identify incremental test-drill targets."

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88 Energy Ltd - Alaska-focused oil producer - Says mobilisation of rig 111 to Merlin-1 location "progressing well" but reports "minor delays" attributed to weather. Spud date scheduled for March 8.

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Serabi Gold PLC - Brazil-focused gold miner - Raises USD17.5 million, about GBP12.5 million, from placing of 16.7 million shares at GBP0.75 each. "The financing completed today creates a strong financial position for Serabi from which we will be able to advance our significant growth opportunities," CEO Mike Hodgson says.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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15 Oct 2019 11:10

88 Energy Books Rig For Alaskan Well; Progresses Deal With Premier Oil

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13 Sep 2019 09:49

88 Energy Interim Loss Widens On Icewine Impairment Charges

(Alliance News) - 88 Energy Ltd on Friday posted a widened first half loss due to impairments costs relating to three of its Alaskan exploration wells.For the six months to June 30, the in

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12 Sep 2019 14:13

UPDATE: 88 Energy Completes Share Placing Raising GBP4 Million

(Alliance News) - 88 Energy Ltd on Thursday said it has raised AUD6.8 million, roughly GBP3.8 million, through a share placing with funds going towards further development of the company's the

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11 Sep 2019 12:02

88 Energy Looking To Raise Over GBP5 Million For Development Work

(Alliance News) - 88 Energy Ltd is planning to raise up to AUD10 million, or GBP5.6 million, in a share placing to go towards further development of the company's assets, the company said has

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11 Sep 2019 08:55

88 Energy launches discounted placing to fund Icewine works

(Sharecast News) - Exploration outfit 88 Energy announced plans to raise up AUD $10m (£5.6m) on Wednesday through a discounted share placing.

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22 Aug 2019 11:55

Premier Oil Agrees With 88 Energy To Take Share In Project Icewine

(Alliance News) - 88 Energy Ltd on Thursday updated the market on the farmout process at project Icewine, Alaska.Premier Oil PLC has signed a sale & purchase agreement with 88 Energy to

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6 Aug 2019 12:00

88 Energy And Burgundy Sign Farm-Out Exclusivity Deal For Icewine

(Alliance News) - 88 Energy Ltd on Tuesday said it and Burgundy Xploration LLC have signed an exclusivity agreement with a preferred farmout bidder for the Icewine project in Alaska.Shares

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26 Jun 2019 10:54

88 Energy Shares Up On Progress Made For Icewine Project Farm-Out

(Alliance News) - Shares rose in 88 Energy Ltd on Wednesday as it reported progress in the farm-out process for its Icewine project in the US state of Alaska.Shares in the oil company were

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23 May 2019 13:58

88 Energy Expects Icewine Farm-Out Decision In June

LONDON (Alliance News) - Alaska-focused 88 Energy Ltd said Thursday the farm-out process for its Icewine project has continued with a final decision on approval scheduled for decision on approval

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14 May 2019 10:53

Red Emperor Resources Gets Performance Bond Refund For Winx Work

LONDON (Alliance News) - Red Emperor Resources NL on Tuesday confirmed it has received a USD1.1 million refund for work in Alaska.Red Emperor shares were 12% higher at a price of 0.60 pence

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18 Apr 2019 08:04

88 Energy progresses with farm-out discussions

(Sharecast News) - Oil and gas outfit 88 Energy continued its conventional farm-out campaign for its Icewine project during the first quarter of the year, with the deadline for bids extended to 31 January due to demand from multiple parties.

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8 Apr 2019 15:53

UK Shareholder Meetings Calendar - Next 7 Days

Tuesday 9 AprilAurora Investment TrustWednesday 10 AprilCarnivalRio

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26 Mar 2019 11:23

88 Energy Completes Plugging And Abandonment Of Alaskan Winx-1 Well

LONDON (Alliance News) - 88 Energy Ltd has completed all necessary work to plug and abandon the Winx-1 exploration well in the Western Blocks of the North Slope of Alaska, it was announced on NL

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20 Mar 2019 09:00

Pantheon Resources, 88 Energy To Evaluate Potential Of Western Blocks

LONDON (Alliance News) - Pantheon Resources PLC and 88 Energy Ltd on Wednesday said the Western blocks, located on the onshore North Slope of Alaska, will be assessed for their exploration in the

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13 Mar 2019 11:36

Red Emperor, Pantheon, 88 Energy plunge on Alaska well woe

(Sharecast News) - Shares in Red Emperor Resources, Pantheon Resources and 88 Energy all nosedived on Wednesday after testing of the Winx-1 well on the Western Blocks, North Slope of Alaska returned disappointing results.

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