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Pin to quick picks88 Energy Share News (88E)

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TRADING UPDATES: CentralNic and Pebble tip 2021 earnings rise

Mon, 17th Jan 2022 17:04

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

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CentralNic Group PLC - London-based domain name registry and registrar services firm - Says organic growth "accelerated" in fourth quarter, which CentralNic attributes to "significant investment programme". For 2021, organic growth was 37%. Expects annual revenue of USD450 million and adjusted earnings before interest, tax, depreciation and amortisation of around USD45 million. This would be ahead of revenue consensus of USD383 million and adjusted Ebitda consensus of USD42.9 million. Would represent 70% revenue growth and 47% climb in adjusted Ebitda from 2020.

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Pebble Group PLC - Manchester-based technology and services for promotional products industry - Says revenue for 2021 to be around GBP115 million, up from GBP82.4 million in 2020 and beating 2019's GBP107.2 million, which was before onset of pandemic. It expects an adjusted Ebitda of GBP15 million, up from GBP9.8 million in 2020 but down a touch from GBP15.2 million in 2019.

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Poolbeg Pharma PLC - London-based clinical stage infectious disease pharmaceutical company - Licenses RNA-based immunotherapy for respiratory virus infections developed at the University of Warwick. "Poolbeg has secured an exclusive licence to this dual antiviral prophylactic and therapeutic candidate, which is at a late-pre-clinical development stage," company says. "The candidate, which will be developed by Poolbeg as POLB 002, was developed at the University of Warwick and derived from twenty years of research with world class virologists, Professor Andrew Easton and Professor Nigel Dimmock."

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Midatech Pharma PLC - Cardiff-based drug delivery technology company - Extends research and development pact with Janssen Pharmaceutical NV, owned by Johnson & Johnson. "Under the extended collaboration the company will focus on maximizing drug loading and optimizing in vitro duration of release for this undisclosed Janssen experimental molecule using the company's Q-Sphera technology," Midatech says.

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Helium One Global Ltd - London-based exploration & development company - Says remote sensing work at Rukwa, Eyasi and Balangida project areas finds "additional helium anomalies". "Evidence of a robust helium anomaly across the Tai structure where drilling last year encountered numerous helium shows," company says. "Multiple surface anomalies identified within all three basins that require follow up geophysical investigation."

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Future Metals NL - Australia-focused platinum group metals explorer - Reports "further high-grade PGM assay results" at Panton project in Australia. "Metallurgical flotation test work is underway on both high-grade and low-grade representative composite samples," Future Metals says. Notes results pending for further 52 drill holes.

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88 Energy Ltd - Alaska-focused oil exploration and appraisal company - Says permit to drill Merlin-2 in final stages of review by Bureau of Land Management in Alaska. Affirms project timeline. Company explains: "Permitting and planning for the Merlin-2 well is now largely complete, with the well on track to spud in February 2022. The Merlin-2 permit to drill is in the final stages of review by the BLM and is on schedule to be issued ahead of rig mobilisation."

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Ncondezi Energy Ltd - coal-fired power project in Mozambique - Updates on power project in Tete, Mozambique. Says awaiting further clarity on China's position on financing coal projects. Adds China Machinery Engineering Corp "remains committed" to project. Ncondezi is funded to end of first half of 2022, company adds.

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Drumz PLC - London-based investment company - Says 25% owned investee Acuity Risk Management Ltd wins several new customers for Stream risk management product. Says major broadcaster with "global reach" adopts Stream, ass does a "multinational German industrial control and automation company".

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H&T Group PLC - Surrey, England-based pawnbroker - Expects pretax profit for 2021 to be within range of current market expectations, which stand between GBP9.0 million and GBP10.1 million. "Demand for pledge lending has now fully recovered to pre-pandemic levels, with positive momentum across the customer spectrum and in all geographies. The months of November and December saw particularly strong borrowing demand, with lending volumes in December ahead of expectations and at record levels. Loan-to-value ratios have been maintained. Redemption rates remain stable and above historic norms," H&T says. "Retail sales have continued to remain robust, with consistently strong demand for high quality pre-owned watches and jewellery both online and in H&T's store network."

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
24 Apr 2024 14:26

TRADING UPDATES: 88 Energy firms bookbuild; Gama Aviation inks deal

(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
23 Apr 2024 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
23 Apr 2024 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.

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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.

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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.

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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

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