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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: 14.25
Bid: 14.00
Ask: 14.50
Change: -1.05 (-6.86%)
Spread: 0.50 (3.571%)
Open: 15.40
High: 15.40
Low: 14.125
Prev. Close: 15.30
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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.

More News
27 Aug 2019 16:15

Eco Atlantic upbeat as drilling begins on 'Joe' prospect

(Sharecast News) - Eco Atlantic Oil & Gas announced on Tuesday that drilling of the 'Joe' prospect had started offshore Guyana - its second exploration well on the Orinduik Block.

Read more
23 Aug 2019 12:17

Eco Atlantic upbeat on recent drilling in Guyana

(Sharecast News) - Guyana-focussed exploration company Eco Atlantic Oil & Gas updated the market on recent trading on Friday, reporting that it ended the quarter to 31 March with cash and cash equivalents of CAD 25m (£15.37m).

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27 Feb 2019 11:12

Eco Atlantic enters 2019 with vigour

(Sharecast News) - Oil and gas exploration company Eco Atlantic updated the market on the first three quarters of its financial year on Wednesday, reporting that it ended its third quarter with cash and cash equivalents of CAD 25.7m (£14.71m), total assets of CAD 28.1m, total liabilities of CAD 0.8m and total equity of CAD 27.3m.

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20 Feb 2019 16:42

Eco Atlantic Oil & Gas secures rig for Guyana exploration well

(Sharecast News) - Eco Atlantic Oil & Gas on Wednesday contracted a rig, the Stena Forth, to drill an exploration well at the Jethro-Lobe prospect on the Orinduik Block offshore Guyana.

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11 Jan 2019 13:28

Friday broker round-up

(Sharecast News) - Antofagasta: Peel Hunt downgrades to add with a target price of 930p.

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3 Apr 2018 04:27

Colombia's attorney general to investigate Ecopetrol oil spill

BOGOTA, April 2 (Reuters) - Colombia's attorney general's office on Monday launched an investigation to determine whether officials from state-run

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13 Mar 2018 22:39

Colombia's Ecopetrol to pre-pay $350 mln in bonds

BOGOTA, March 13 (Reuters) - Colombia's state-run oil company Ecopetrol will pre-pay $350 million worth of 5-year international bonds a

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9 Mar 2018 19:44

CERAWEEK-Colombia jumps into Latam oil auction wave, to award blocks in April

(Adds details on offers, paragraphs 5, 11) By Marianna Parraga HOUSTON, March 9 (Reuters) - Colombia plans to award up to 15 oil blocks next

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6 Mar 2018 12:34

CANADA STOCKS-TSX futures rise as trade war fears abate

March 6 (Reuters) - Canada's main stock index futures rose on Tuesday, in line with a recovery in global markets, as President Donald Trump's proposed tariff plans of

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5 Mar 2018 21:48

CERAWEEK-Ecopetrol to focus on expansion, trade after budget cut -CEO

* Ecopetrol to start pilot project for unconventional reserves * Output to remain flat or rise in 2018 (Adds details on auctions, domestic market) By Marianna March 5 (Reuters) - for

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5 Mar 2018 19:04

CERAWEEK-Ecopetrol to focus on expansion, trade after budget cut -CEO

* Ecopetrol to start pilot project for unconventional reserves * Output to remain flat or rise in 2018 (Adds quotes, context, details) By Marianna March 5 (Reuters) - Ecopetrol will

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14 Sep 2009 08:49

EcoSecurities welcomes JP Morgan bid

Irish carbon credit specialist EcoSecurities, which has been fielding a number of offers for the company, has accepted terms from US bank JPMorgan Chase. Carbon Acquisition Company (CAC), a wholly owned subsidiary of JPMorgan, is offering 100p cash per EcoSecurities share. The terms value the enti

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3 Sep 2009 08:17

London open: Footsie starts flat

Footsie is flat in early deals with miners pushing the markets in one direction and financials and defensives dragging it the other. Amongst the major risers so far are miners Randgold Resources, Lonmin, Xstrata, Kazakhmys, Rio Tinto, Fresnillo and Vedanta Resources. the big fallers are RSA Insuran

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3 Sep 2009 07:37

London pre-open: Small fall ahead

London's top stocks look set to add to yesterday's losses, though traders expect only a 10 points drop early on. HMV reported a 1.8% drop in total like-for-like sales in the 18 week period since the end of April in what the entertainment media group called a tough consumer environment. Separately,

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3 Sep 2009 07:22

Tricorona scraps EcoSecurities bid

Swedish firm Tricorona said it has decided not to proceed with an offer for Irish carbon credit company EcoSecurities. Tricorona announced in July that it is mulling the possibility of making a bid for the group. In response to Tricorona's statement, EcoSecurities said it is in ongoing discussions

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