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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.

More News
24 Jan 2019 09:51

Solid progress for 88 Energy on North Slope of Alaska

(Sharecast News) - 88 Energy updated the market on its oil and gas operations on the North Slope of Alaska on Thursday, reporting that the construction of the ice road was now 85% complete, with the ice pad build to commence shortly.

Read more
17 Jan 2019 10:01

88 Energy, Pantheon And Red Emperor Jump On Alaska Permit Approval

LONDON (Alliance News) - 88 Energy Ltd and its partners said Thursday they had been granted a drilling permit for the Winx-1 exploration well located in the US state of Alaska, adding that the ice

Read more
7 Jan 2019 09:59

Red Emperor Resources, 88 Energy Start Ice Road Construction In Alaska

LONDON (Alliance News) - Red Emperor Resources NL on Monday said construction has started on an 11-mile ice road at its Winx-1 exploration well, in the North Slope of Alaska.The company is

Read more
7 Jan 2019 08:45

88 Energy begins ice road construction to Winx-1 well

(Sharecast News) - 88 Energy updated the market on its oil and gas operations on the North Slope of Alaska on Monday, reporting that ice road construction for the Winx-1 exploration well had now commenced.

Read more
17 Dec 2018 09:47

88 Energy secures all but one major permit at Alaskan asset

(Sharecast News) - Exploration firm 88 Energy has been granted all but one major permit for its Winx-1 exploration drill on the North Slope of Alaska, with the group expecting to receive approval for its drilling permit in January 2019.

Read more
7 Nov 2018 11:01

88 Energy Updates Prospective Oil Resource At Icewine On Yukon Data

LONDON (Alliance News) - 88 Energy Ltd on Wednesday updated its prospective oil resource at Project Icewine in the US state of Alaska to reflect the 3D seismic data for its Yukon in the company up

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30 Oct 2018 13:02

88 Energy Non-Executive Director Brent Villemarette Dies

LONDON (Alliance News) - 88 Energy Ltd on Tuesday said Non-Executive Director Brent Villemarette has died as a result of a known health condition.88 Energy said the death was unexpectedly a

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23 Oct 2018 12:36

88 Energy Nears Completion Of Seismic Inversion At Icewine Project

LONDON (Alliance News) - 88 Energy Ltd said 3D seismic inversion is substantially complete for both shallow and deep horizons at its Icewine oil & gas project in Alaska.88 Energy the 3D

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3 Oct 2018 09:14

88 Energy Launches Offer To Raise GBP8 Million For Alaskan Well Work (ALLISS)

LONDON (Alliance News) - Shares in 88 Energy Ltd fell Wednesday as the firm announced a rights offer to raise approximately GBP8.0 million.The stock was trading at 1.06 pence a share, down

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28 Sep 2018 14:46

88 Energy secures another 45,000 acres on North Slope of Alaska

(Sharecast News) - 88 Energy updated the market on its operations on the North Slope of Alaska on Friday, confirming that agreements had been executed for an additional 45,239 acres net to the company.

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28 Sep 2018 13:26

88 Energy Leases Further 45,239 Acres At Icewine Project In Alaska

LONDON (Alliance News) - 88 Energy Ltd on Friday said its subsidiary agreed with Arctic Slope Regional Corp to lease the hydrocarbon rights across 28,453 acres contiguous with the Western Fairway

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5 Sep 2018 12:24

88 Energy Interim Loss Narrows On Higher Revenue; Focuses On Alaska

LONDON (Alliance News) - 88 Energy Ltd said Wednesday its loss for the first half of 2018 narrowed from a year before as it kept focus on its principal activities in Alaska.For the six to a

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29 Aug 2018 10:53

88 Energy Secures Rig For Drilling On Alaska's Winx Prospect

LONDON (Alliance News) - 88 Energy Ltd said on Thursday it has secured a rig contract for drilling work at the company's Winx prospect on Alaska's North Slope.The rig has been from

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29 Aug 2018 08:56

88 Energy executes rig contract for Alaskan drilling

(Sharecast News) - Dual listed explorer 88 Energy updated investors on operations at its Western Blocks project on Wednesday.

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30 Jul 2018 10:22

Red Emperor And 88 Energy Pen Agreements For Alaskan Leases

LONDON (Alliance News) - Red Emperor Resources NL and 88 Energy Ltd on Monday said they have signed agreements to buy stakes in four leases on the western flank of Alaska's North two companies

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