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

Share Price Information for Eco (atlantic) (ECO)

London Stock Exchange
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Share Price: 13.60
Bid: 13.50
Ask: 13.70
Change: -0.65 (-4.56%)
Spread: 0.20 (1.481%)
Open: 14.125
High: 14.125
Low: 13.60
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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25 Aug 2022 19:17

IN BRIEF: Eco Atlantic Oil & Gas first quarter loss widens

Eco Atlantic Oil & Gas Ltd - Toronto-based oil and gas exploration company - Interest income first quarter to June 30 rises to USD20,127 from USD4,524 a year earlier. Net loss widens to USD2.7 million from USD825,624. Total operating expenses surge to USD4.0 million from USD692,276. Gets USD1.4 million boost from fair value change in warrant liability, however.

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12 Aug 2022 12:54

Eco Atlantic says rig on its way to Orange Basin well

(Sharecast News) - Oil and gas exploration company Eco Atlantic confirmed on Friday that the 'Island Innovator' rig, owned by Island Drilling Company, had been released and mobilised.

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12 Aug 2022 11:19

AIM WINNERS & LOSERS: Jadestone down on guidance cut; Ascent gets paid

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

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12 Aug 2022 10:57

IN BRIEF: Eco Atlantic Oil & Gas says rig mobilised at Gazania-1 well

Eco Atlantic Oil & Gas Ltd - Toronto-based oil and gas exploration company - Says the rig owned by Island Drilling Company AS, has been released and mobilised for Gazania-1 in South Africa. Says the rig is now under contract to Eco and its joint venture partners. Eco adds the rig is expected to arrive and spud by the end of September this year.

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1 Aug 2022 12:17

TRADING UPDATES: Eco Atlantic loss widens; MiLOC swings to loss

(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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6 Jul 2022 20:29

IN BRIEF: Eco acquires additional stake in South Africa's Block 3B/4B

Eco Atlantic Oil & Gas Ltd - Toronto-based oil and gas exploration company - Confirms it has received TSX Venture Exchange approval for its acquisition of an additional 6.25% stake in Block 3B/4B, offshore South Africa from the Lunn Family Trust, one of the shareholders of Ricocure Ltd.

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27 Jun 2022 11:54

Eco Atlantic raises USD12.3 million to up stake in Block 3B/4B

(Alliance News) - Eco Atlantic Oil & Gas Ltd on Monday said it has successfully raised USD12.3 million through a subscription and a placing, as it acquires an additional interest in Block 3B/4B, South Africa.

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22 Jun 2022 21:21

IN BRIEF: Eco Atlantic Oil & Gas plans Gazania spud in September

Eco Atlantic Oil & Gas Ltd - Toronto-based oil and gas exploration company - Plans to spud the Gazania-1 well, 25 kilometres offshore the Northern Cape in South Africa, in September 2022. Holds a 50% working interest in Block 2B, where well sits.

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14 Jun 2022 15:24

IN BRIEF: Eco Atlantic Oil & Gas backs out of JHI Associates deal

Eco Atlantic Oil & Gas Ltd - Toronto-based oil and gas exploration company - Cancels proposed USD52 million cashless acquisition of 100% of JHI Associates Inc, a Guyana-focused deepwater exploration company.

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11 May 2022 19:35

TRADING UPDATES: Norcros to raise GBP18 million for acquisition

(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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6 Apr 2022 11:39

Eco Atlantic Oil & Gas shares plunge after discounted equity fundraise

(Alliance News) - Shares in Eco Atlantic Oil & Gas Ltd dropped on Wednesday after the company said it raised GBP19.5 million in a discounted equity fundraise.

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6 Apr 2022 11:31

AIM WINNERS & LOSERS: Sosandar in fashion after positive outlook

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

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5 Apr 2022 20:45

TRADING UPDATES: Rambler ups production; SRT Marine anticipates loss

(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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28 Mar 2022 11:15

Eco Atlantic gets final clearance for Azinam acquisition

(Sharecast News) - Eco Atlantic Oil & Gas announced on Monday that it has been given final approval for the Azinam acquisition by the TSX Venture Exchange in Toronto.

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21 Mar 2022 19:11

TRADING UPDATES: Kavango eyes acquisition; PYX ups zicron price

(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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