Check out our new Timeline feature to give you the latest updates on all the stocks you follow. Clickhere to set up your Timeline.

Less Ads, More Data, More Tools Register for FREE
Sponsored Content
Don't want ads? Click here
Sponsored Content
Don't want ads? Click here

Pin to quick picksArrow Explor. Share News (AXL)

Share Price Information for Arrow Explor. (AXL)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 19.50
Bid: 19.00
Ask: 20.00
Change: -0.75 (-3.70%)
Spread: 1.00 (5.263%)
Open: 20.50
High: 20.50
Low: 19.50
Prev. Close: 20.25
AXL Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Timelines are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

EARNINGS UPDATES: Amaroq Minerals, Arrow Exploration swing to profit

Tue, 29th Aug 2023 13:06

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

----------

Amaroq Minerals Ltd - mine development company with a land package of gold and strategic mineral assets in Southern Greenland - Swings to net income of USD20.0 million in the first half of 2023 from a loss of USD10.5 million the previous year as it records a USD31.3 million gain on the loss of control of a subsidiary during the period. Also records project management income of USD506,640 in the half, compared to none the year prior. Says programme at Nalunaq is progressing on plan and to budget, with rehabilitation works due to start shortly, and first gold production anticipated next year.

----------

Arrow Exploration Corp - oil and gas company with projects in Colombia and Canada - Swings to pretax income of USD2.1 million in the first half of 2023 from a loss of USD4.7 million the previous year as the company records significantly higher revenue in the period. Revenue more than doubles to USD17.3 million from USD8.4 million the year prior. Average corporate production in the half more than doubled to 2,169 barrel of oil equivalent per day from 980 boed the year prior. Realized corporate oil operating netbacks rose to USD44.21 per barrel thanks to increased production allowing operating cost to be spread over more barrels.

----------

Galantas Gold Corp - owner and operator of a open pit gold mine in County Tyrone, Northern Ireland - Reports a net loss of USD2.7 million in the first half of 2023, narrowed from a loss of USD3.0 million the year prior. Narrowed loss comes as the company's cost and expenses of operations reduce to USD378,190 from USD392,501 and firm records a foreign exchange loss of USD59,720 compared to a gain the year prior. Reports no revenue, unchanged from a year prior.

----------

By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
6 Feb 2025 15:51

Canaccord Genuity lowers target price on Arrow Exploration

(Sharecast News) - Analysts at Canaccord Genuity lowered their target price on Colombia-focussed oil firm Arrow Exploration from 50.0p to 44.0p on Thursday but acknowledged that near-term drilling was likely to reboot production growth.

Read more
5 Feb 2025 14:01

Arrow Exploration reports drilling progress at Alberta Llanos

(Sharecast News) - Arrow Exploration updated the market on its drilling operations at the Alberta Llanos field in Colombia's Llanos Basin on Wednesday, where it holds a 50% beneficial interest.

Read more
5 Feb 2025 11:01

AIM WINNERS & LOSERS: Arrow Exploration well disappoints

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

Read more
6 Jan 2025 11:16

Arrow Exploration says Colombian oil venture meets expectations

(Alliance News) - Arrow Exploration Corp on Monday reported production at its 50%-owned Alberta Llanos venture in Colombia was progressing in line with expectations.

Read more
6 Jan 2025 11:07

AIM WINNERS & LOSERS: Hercules Site to divest unit; Engage XR falls

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

Read more
6 Jan 2025 11:05

Arrow Exploration reveals promising results from AB-1 well

(Sharecast News) - Arrow Exploration announced promising results from the AB-1 well at the Alberta Llanos field on the Tapir Block in Colombia on Monday, where it holds a 50% beneficial interest.

Read more
17 Dec 2024 13:39

Arrow Exploration reaches target depth at AB-1 well

(Sharecast News) - Arrow Exploration announced on Tuesday that it has reached target depth on the Alberta Llanos-1 (AB-1) exploration well, located on the Tapir Block in Colombia's Llanos Basin.

Read more
28 Nov 2024 11:32

Arrow Exploration reports strongest ever quarterly figures

(Alliance News) - Arrow Exploration Corp on Thursday said it was planning for another year of growth as it realised strong on-year improvements in key performance metrics.

Read more
18 Sep 2024 12:36

UK shareholder meetings calendar - next 7 days

Read more
31 Jul 2024 14:11

Arrow Exploration says Colombia well performs above expectations

(Alliance News) - Arrow Exploration Corp on Wednesday said the CNB HZ-well 1 in Colombia is performing ahead of expectations, while another well as come into production and is also impressing.

Read more
21 Jun 2024 10:22

AIM WINNERS & LOSERS: Ondine up on NHS boost; Arrow returns some gains

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

Read more
19 Jun 2024 13:20

Arrow Exploration says drill results validate new technology

(Alliance News) - Arrow Exploration Corp shares surged on Wednesday, after the company said results at its first Ubaque horizontal well were "exceeding expectations".

Read more
19 Jun 2024 12:24

LONDON MARKET MIDDAY: Stocks stay green as UK inflation back to target

(Alliance News) - Stock prices in London continued to trend higher at midday on Wednesday, after data confirmed the return of UK inflation to its target rate of 2%.

Read more
19 Jun 2024 09:11

LONDON MARKET OPEN: FTSE 100 struggles despite UK inflation respite

(Alliance News) - London's FTSE 100 moved lower early Wednesday, despite a favourable UK inflation reading which may have strengthened hope for a summer rate cut.

Read more
4 Jun 2024 20:31

TRADING UPDATES: Tasty restructuring backed; Alien Metals raises funds

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

Read more

Free Investment Tools

Register for FREE

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.