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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.

More News
11 Aug 2022 12:32

88 Energy launches share placing to finance Icewine East well

(Alliance News) - 88 Energy Ltd on Thursday announced a share placing to raise funds for the development of its Icewine East well exploration project.

Read more
10 Aug 2022 12:20

88 Energy shares fall on turn to vast interim loss on expensive wells

(Alliance News) - 88 Energy Ltd on Wednesday posted a large swing to an interim pretax loss as the multi-million dollar drilling of two wells proved costly.

Read more
10 Aug 2022 11:08

AIM WINNERS & LOSERS: Westminster and Pelatro rise on contract wins

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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27 Jun 2022 21:15

TRADING UPDATES: 88 signs license agreement; Lekoil litigates

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

Read more
9 May 2022 20:24

IN BRIEF: 88 Energy third party evaluation of Icewine East complete

88 Energy Ltd - Australia-based oil explorer in US state of Alaska - Says third-party evaluation of the Icewine East mapping is now complete after Jordan & Pay evaluated the Shelf Margin Delta, Slope Fan Set and Basin Floor Fan play fairways across the project Icewine acreage on Alaska's North Slope. 88 Energy says that the studies confirm preliminary analysis and along with recent mapping efforts will form the basis of an independent volumetric and risking certification, expected to be completed by mid-2022.

Read more
9 May 2022 16:04

UK shareholder meetings calendar - next 7 days

Tuesday 10 May 
Capita PLCAGM
Centamin PLCAGM
Direct Line Insurance Group PLCAGM
Doric Nimrod Air One LtdEGM re amending articles of incorporation
Gresham Technologies PLCAGM
HgCapital Trust PLCAGM
IWG PLCAGM
Just Group PLCAGM
Macfarlane Group PLCAGM
Temple Bar Investment Trust PLCAGM
Wednesday 11 May 
abrdn Asian Income Fund LtdAGM
Antofagasta PLCAGM
Capricorn Energy PLCAGM
Cenkos Securities PLCAGM
Clarkson PLCAGM
Conduit Holdings LtdAGM
Harbour Energy PLCAGM
Harbour Energy PLCGM re proposed capital reduction
Hostelworld Group PLCAGM
Impact Healthcare REIT PLCAGM
Jupiter Fund Management PLCAGM
LungLife AI IncAGM
MC Mining LtdEGM re director change
National Express Group PLCAGM
Rentokil Initial PLCAGM
Savills PLCAGM
Schroder Asian Total Return Investment Co PLCAGM
Spirax-Sarco Engineering PLCAGM
Spire Healthcare Group PLCAGM
Tasty PLCAGM
TClarke PLCAGM
TP ICAP Group PLCAGM
TransGlobe Energy CorpAGM
Tribal Group PLCAGM
Uniphar PLCAGM
Windward LtdAGM
Thursday 12 May 
Alfa Financial Software Holdings PLCAGM
Anglo Pacific Group PLCAGM
Baillie Gifford Shin Nippon PLCAGM
Balfour Beatty PLCAGM
BP PLCAGM
Bridgepoint Group PLCAGM
Cineworld Group PLCAGM
Circassia Group PLCAGM
ContourGlobal PLCAGM
ConvaTec Group PLCAGM
Empresaria Group PLCAGM
Eurocell PLCAGM
FBD Holdings PLCAGM
Genel Energy PLCAGM
Gresham House PLCAGM
Gym Group PLCAGM
Hiscox LtdAGM
Howden Joinery Group PLCAGM
Lloyds Banking Group PLCAGM
Logistics Development Group PLCAGM
Luceco PLCAGM
Michelmersh Brick Holdings PLCAGM
OSB Group PLCAGM
Quilter PLCGM re capital return proposal
Quilter PLCAGM
Quilter PLCGM re B share return
Rolls-Royce Holdings PLCAGM
Schiehallion Fund LtdAGM
Secure Trust Bank PLCAGM
Serinus Energy PLCAGM
Shefa Gems LTDAGM
SIG PLCAGM
Unbound Group PLCAGM
Unite Group PLCAGM
Friday 13 May 
Derwent London PLCAGM
Gresham House Energy Storage Fund PLCGM re amendments to investment policy
Metro Bank PLCAGM
TT Electronics PLCAGM
Vulcan Industries PLCAGM
Wheaton Precious Metals CorpAGM
Monday 16 May 
88 Energy LtdAGM
Allianz Technology Trust PLCAGM
Blackbird PLCAGM
BSF Enterprise PLCGM
Crossword Cybersecurity PLCAGM
DigitalBox PLCAGM
Ethernity Networks LtdAGM
Jubilee Metals Group PLCGM - re right of directors to allot equity securities for cash
Mast Energy Developments PLCAGM
Metal Tiger PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
8 Apr 2022 14:33

IN BRIEF: 88 Energy rises after positive mapping result at Icewine

88 Energy Ltd - Australia-based oil explorer in US state of Alaska - Says the completed third party preliminary mapping of the Shelf Margin Delta play, where its "neighbour" Pantheon Resource has had success in recent months, indicates that all play fairways extend into its Icewine project. Says that Pantheon confirmed reservoir deliverability of light, sweet oil, which is positive for the prospectivity of the adjacent Icewine acreage. Says the completion of the independent resource update for project Icewine is scheduled for the second quarter.

Read more
8 Apr 2022 10:07

88 Energy upbeat on recent adjacent drilling near Icewine

(Sharecast News) - Alaska-focussed 88 Energy said on Friday that the ongoing assessment of play fairways onto its Project Icewine acreage, where it holds a 75% working interest, was progressing as planned.

Read more
23 Mar 2022 20:53

TRADING UPDATES: Arecor Therapeutics wins patent approval in US

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

Read more
18 Mar 2022 15:55

88 Energy posts multiplied revenue and narrowed loss in full year

(Alliance News) - 88 Energy Ltd said on Friday it had jumped closer towards profit as revenue soared in 2021.

Read more
17 Mar 2022 14:38

IN BRIEF: 88 Energy shares rise as it drills Merlin-2 surface hole

88 Energy Ltd - Australia-based oil explorer in US state of Alaska - Says it successfully drilled the Merlin-2 surface hole to 2,005 feet, installed and cemented the surface casting and tested the blowout preventer system.

Read more
8 Mar 2022 20:24

IN BRIEF: 88 Energy commences drilling of Merlin-2 appraisal well

88 Energy Ltd - Australia-based oil explorer in US state of Alaska - Says the Arctic Fox rig drilling the Merlin-2 appraisal well, located in project Peregrine in the NPR-A region of the North Slope of Alaska, has commenced. The Merlin-2 appraisal well is planned for a total depth of about 8,000 feet, and is targeting 652 million barrels of oil.

Read more
4 Mar 2022 21:44

TRADING UPDATES: Resolute Mining ups mine life and mineral resources

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

Read more
1 Mar 2022 20:32

TRADING UPDATES: Hutchmed in Macau boost; UP Global success in Germany

(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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21 Feb 2022 18:12

TRADING UPDATES: Panther Securities wins lease; NightCap opens new bar

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

Read more

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