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Pin to quick picksEco (atlantic) Share News (ECO)

Share Price Information for Eco (atlantic) (ECO)

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Share Price: 13.60
Bid: 13.50
Ask: 13.70
Change: -0.75 (-5.26%)
Spread: 0.20 (1.481%)
Open: 14.125
High: 13.50
Low: 13.50
Prev. Close: 14.25
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TRADING UPDATES: Audioboom extends partnerships; Ecora eyes growth

Wed, 06th Mar 2024 18:07

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

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Audioboom Group PLC - Jersey-registered podcast publisher with offices in London and New York - Extends partnership with podcasts The Dim Dillon Show, Crime Weekly, True Crime Obsessed, Real Ghost Stories and I Think Not, which Audioboom says are key part of its creator network, contributing more than 90 million downloads to the network last year. Chief Executive Officer Stuart Last says: "We're so pleased to continue our work with five of our favourite podcasts. These shows trust Audioboom to deliver their technology, distribution and monetisation, and we look forward to a successful future together."

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Ecora Resources PLC - South and North America-focused royalty and streaming company providing capital to mining sector - Says continues to expect volume growth in 2024 at operations "underlying its producing royalty portfolio which, at current commodity price levels, would imply year-on-year portfolio contribution growth. In addition, Ecora's near-term development royalties are poised for significant de-risking events in the year ahead." Anticipates steel making coal production at Kestrel to increase at least 13% to between 1.8 and 2.0 million tonnes in 2024 from 1.6mt in 2023, but stay far below 4.1mt in 2022.

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Red Rock Resources PLC - Africa, South America and Australia-focused natural resource explorer and developer - Updates on its arbitration in the Democratic Republic of Congo regarding its USD10 million claim pursing in the country for its interest in the VUP copper-cobalt joint venture and regarding its gold assets and opportunities. Says it is in constant communication with its country representative, its lawyer, and its local partner and expects senior management to be in the Democratic Republic of Congo this or next week with a view to finalisation. Further, says a Red Rock team is in Kenya working on the renewal of the company's two licences. Looking ahead, Chair Andrew Bell says: "Gold is now trading at an all time high price, fulfilling predictions made for many months, and this will present us with more opportunities to crystallise and establish the value of our diversified gold portfolio, that contains early stage exploration, established Resources, and early and advanced stage development projects, as well as royalties."

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SolGold PLC - Ecuador-focused copper and gold exploration company - Signs a joint declaration in preparation of a complementary investment protection agreement with the government of Ecuador. SolGold says in addition to the USD311 million investment addressed by the current investment protection agreement, the complementary IPA there is a commitment to invest a total of USD3.2 billion over the subsequent years. Chief Executive Officer Scott Caldwell says: "The complementary investment protection agreement not only reinforces the protections for our key investment in Ecuador but also symbolizes a deepening of our relationship with the Ecuadorian State. President Noboa's attendance and insightful speech at the PDAC convention were warmly welcomed by the mining community and underscores the significant support of his administration for responsible mining in Ecuador."

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Westmount Energy Ltd - oil and gas investment firm focused on high impact drilling outcomes in emerging basins - Notes announcement by investee companies Africa Oil Corp and Eco Atlantic Oil & Gas Ltd regarding the farm-in of TotalEnergies. Africa Oil had announced a strategic agreement signed with units of TotalEnergies and QatarEnergy for the acquisition of participating interests in Block 3B/4B in the Orange Basin, offshore South Africa. The maximum transaction value is up to USD46.8 million.

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By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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11 Jul 2023 10:24

IN BRIEF: Eco Atlantic sells stake in block for up to USD10.5 million

Eco Atlantic Oil & Gas Ltd - oil and gas exploration company focused on offshore Atlantic Margins - Signs legally binding letter of intent under which its subsidiary, Azinam Ltd, will farm out a 6.3% participating interest in block 3B/4B to Africa Oil SA Corp, a subsidiary of Africa Oil Corp, for up to USD10.5 million. The completion of the acquisition is subject to customary conditions, including regulatory approvals from the government of South Africa and from the TSX Venture Exchange in Toronto. Upon completion, Africa Oil SA will hold a 26% interest, Azinam will hold a 20% interest and Ricocure (Propertiary) Ltd will hold the remaining 54%.

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21 Mar 2023 14:48

IN BRIEF: Eco Atlantic Oil & Gas eyes exploration in Orange basin

Eco Atlantic Oil & Gas Ltd - Atlantic Margins-focused oil and gas company - Says it is applying for environmental authorisation to begin exploration activities in Block 3B/4B in the Organe Basin off the Northern Cape of South Africa. It and its joint venture partners have contracted Environmental Impact Management Services Pty Ltd of South Africa to apply for a permit to drill one well and one contingent well - and potentially up to five wells - within an area of interest in the north of the block. EIMS is also appointed to undertake the required environmental impact assessment.

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9 Mar 2023 20:44

TRADING UPDATES: Castillo Copper upgrades mineral resource estimate

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

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28 Feb 2023 21:05

TRADING UPDATES: Eco Atlantic swings to loss; Curtis approves takeover

(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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22 Feb 2023 19:38

IN BRIEF: Eco Atlantic Oil & Gas converts 600,000 units into shares

Eco Atlantic Oil & Gas Ltd - Toronto-based oil and gas exploration company - Converts 600,000 of its restricted share units issued to directors into common shares of no par value in the company on December 28. Says application for admission to trading on AIM has been made. Expects that the admission will become effective, and trading in the shares will start on February 28, 0800 GMT. Says Chief Executive Officer Gil Holzman elected to convert 475,000 restricted share units held by him. Adds that its enlarged issued share capital will consist of 365.7 million common shares.

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23 Dec 2022 18:15

TRADING UPDATES: Fiinu teams with TransUnion; GRC wins pact

(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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29 Nov 2022 21:36

EARNINGS SUMMARY: ActiveOps loss narrows; Puma VCT net assets up

(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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18 Nov 2022 16:58

LONDON MARKET CLOSE: FTSE 100 gains capped by falling oil prices

(Alliance News) - Stock prices in London closed higher on Friday, but falling prices hit oil majors, keeping a lid on the FTSE 100's progress.

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18 Nov 2022 13:22

Eco Atlantic confident despite lack of results from Gazania-1

(Sharecast News) - Oil and gas explorer and developer Eco Atlantic announced on Friday that the Gazania-1 well on block 2B, offshore South Africa, which spudded on 10 October, reached its target depth of 2,360 metres, but did not show evidence of commercial hydrocarbons.

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18 Nov 2022 12:18

LONDON MARKET MIDDAY: Stocks pick up and pound firms against dollar

(Alliance News) - Stocks in London were higher by midday on Friday, managing to shake off a gloomy economic backdrop, while the pound got a boost from market acceptance of Thursday's UK government budget.

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18 Nov 2022 11:16

AIM WINNERS & LOSERS: Parsley Box to exit AIM as shares wilt since IPO

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

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18 Nov 2022 10:17

Eco Atlantic shares fall on hydrocarbon failure at South African well

(Alliance News) - Eco Atlantic Oil & Gas Ltd on Friday said that its Gazania-1 well had reached its target depth of 2,360 metres but did not show evidence of commercial hydrocarbons.

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4 Oct 2022 14:28

IN BRIEF: Eco Atlantic Oil & Gas shares up as well operations start

Eco Atlantic Oil & Gas Ltd - Toronto-based oil and gas exploration company - Starts operations on the Gazania-1 well in offshore South Africa. Says the Gazania-1 exploration well is being drilled to a depth of approximately 2,800 meters through a multizone pay section. The Gazania-1 prospect is targeting over 300 million barrels of light oil.

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4 Oct 2022 13:55

Eco Atlantic starts drilling Gazania exploration well

(Sharecast News) - Oil and gas explorer Eco Atlantic announced the arrival of the 'Island Innovator' semi-submersible drilling rig on Block 2B on Tuesday, and the start of operations on the Gazania-1 exploration well.

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21 Sep 2022 15:57

DIRECTOR DEALINGS: Eco Atlantic shares sold in fraud against chair

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Wednesday and not separately reported by Alliance News:

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