REGISTER: Hear how Fulcrum Metals (FMET) is board restructuring to support its strategic focus on Canada. Find out at the focusIR Feb Investor Webinar. Sign up here.

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: 20.75
Bid: 20.50
Ask: 21.00
Change: 1.00 (5.00%)
Spread: 0.50 (2.439%)
Open: 20.00
High: 21.00
Low: 20.75
Prev. Close: 20.00
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

TRADING UPDATES: Atlantic ups estimate; Kefi to list in Saudi Arabia

Wed, 01st Feb 2023 16:48

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

----------

Atlantic Lithium Ltd - African-focused lithium exploration and development company - Announces mineral resource estimate upgrade to 35.3 megatonnes at 1.25% lithium oxide, including 28 megatonnes in the measured and indicated categories at the Ewoyaa deposit. Adds that 79% of the overall mineral resource estimate is now in the higher confidence categories. Says the definitive feasibility study is well progressed, and targeted for release in the second quarter of 2023.

----------

Macau Property Opportunities Fund Ltd - Guernsey-based, China-focused investment company, dedicated to investing in Macau - Says China's former zero-Covid strategy continues to impact firm. Remains focused on the divestment of all remaining assets, and is exploring all possible options to execute this strategy. Has agreed to roll the terms of the investment management agreement with its manager, effective from January 1, 2023.

----------

Kefi Gold & Copper PLC - London-based gold and copper exploration and development company with projects in Ethiopia and Saudi Arabia - Prepares for potential dual listing on Saudi Exchange in Riyadh. Executive Chair Harry Anagnostaras-Adams says: "With our Jibal Qutman gold project at the definitive feasibility study stage and the Hawiah copper gold project at the preliminary feasibility study stage, with potential production commencing in Saudi in 2025, we believe now is the ideal time to plan a dual-listing at the appropriate time and expect a positive reception for what would be the first pre-production miner and only the third mining company to list on the Saudi Exchange."

----------

Arrow Exploration Corp - Operator with a portfolio of assets across key Colombian hydrocarbon basins - Says HP drilling rig has arrived at Rio Cravo Este in Columbia. Plans to spud first of three infill wells in next five days. The wells are expected to take 12 days to drill and a further 10 days to bring on-stream. Arrow expects RCE-4 and RCE-5 will be drilled immediately following RCE-3. Plans to drill two additional wells into the Gacheta Sandstone reservoir in the fault bounded RCE structure. Says average January corporate production was 1,800 barrels of oil per day. At December 31, Arrow's cash balance was USD13 million.

----------

UK Oil & Gas PLC - London-based exploration and production company focused on the UK and Turkey - Says North Sea Transition Authority has granted its consent to a modified PEDL234 Retention Area work programme. The revision will allow it to focus licence activities on the acceleration of the planned appraisal campaign of its material 100%-owned Loxley gas discovery. UK Oil has agreed to begin the Loxley-1 appraisal well by June 30, 2024.

----------

By Holly Beveridge, Alliance News 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

Make Better Investment Decisions

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.