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Pin to quick picksDriver Grp Share News (DRV)

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AIM WINNERS & LOSERS: IOG up as first gas delivered at Blythe H2 well

Tue, 13th Jun 2023 09:58

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

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AIM - WINNERS

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IOG PLC, up 11% at 4.40 pence, 12-month range 3.26p-41.00p. The UK-focused gas producer delivers first gas from the Blythe H2 well. The well is brought onstream in three months and one week from the spud date, versus initial guidance of around three months, despite 34 days lost to the well control event. Company is sending equipment to the rig at H2 to resolve an apparent downhole mechanical blockage. If successful, IOG says this could increase H2 flow rates by around month-end to the 30 to 40 million standard cubic feet per day range that the company had previously guided.

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Rockfire Resources PLC, up 5.9% at 0.32 pence, 12-month range 0.13p-0.47p. The Australia and Greece-focused mineral exploration company says that a fourth drill hole has encountered strong zinc continuity as part of its geotechnical drilling programme at the Molaoi zinc deposit in Greece. Explains two lodes have been intersected in the fourth drill hole, reaffirming that multiple lodes are continuous at Molaoi. Chief Executive David Price says: "It's great to see confirmation of high grade zinc occurring in each hole being drilled by Rockfire. The continuity of zinc mineralisation is being confirmed, and the positioning of the zinc lodes in accordance with those encountered during drilling by the Greek government in the 1980s is being affirmed. Zinc grades remain robust. Importantly, the minimum mining width for mechanised mining of 2 metres is still being achieved. This is a critical aspect of mine design and planning for underground extraction."

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AIM - LOSERS

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Driver Group PLC, down 4.6% at 31.00 pence, 12-month range 23.10p-35.04p. The construction consultancy firm posts a pretax profit of GBP508,000 in the six months ended March 31, up sharply from GBP130,000 the year prior. Revenue, meanwhile, dips to GBP24.2 million from GBP24.4 million. Says it is focused on improving bottom-line in the current financial year after the challenges encountered in the past financial year. Notes "positive progress" in the first quarter of new financial year and says this momentum has "continued and strengthened" in the second quarter. However, says April was slower than expected due to the timing of the Easter weekend and a succession of public holidays.

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By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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Sunday share tips: PureTech, Driver Group

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IN BRIEF: Driver Group Interim Profit Rises Despite Revenue Decline

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UK Earnings, Trading Statements Calendar - Next 7 Days

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15 Oct 2019 10:58

Driver Expects To Report 2nd Half Progress After Tricky Start To Year

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Driver Group profits soar following strong second half

(Sharecast News) - Professional services consultancy Driver Group expects full-year profits to come in well ahead of expectations after performing well during the second half.

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4 Jun 2019 11:42

Driver Group Revenue Declines On Weak Performance In Middle East, Asia

LONDON (Alliance News) - Driver Group PLC on Tuesday said it expects its performance to improve in the reminder of the year after reporting a fall in both revenue and profit in the first stock was

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Driver Group slides as Middle East exerts drag on revenues

(Sharecast News) - Driver Group's shares slid on Tuesday after the company reported a dip in interim profits on the back of declining profitability in the Middle East and Asia-Pacific regions.

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12 Mar 2019 18:18

DIRECTOR DEALINGS: Driver Non-Executive Director Buys Shares

LONDON (Alliance News) - Driver Group PLC said that Non-Executive Director Peter Collini purchased shares in the company on Tuesday.Collini bought 10,000 shares at a price of 53 pence per a

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WINNERS & LOSERS SUMMARY: Clarkson Sinks Amid Tough Market Conditions

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - down 1.0%. Deutsche Bank downgraded the to -

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