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Pin to quick picksEuropa Oil & Gas Share News (EOG)

Share Price Information for Europa Oil & Gas (EOG)

London Stock Exchange
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Share Price: 0.775
Bid: 0.70
Ask: 0.85
Change: 0.00 (0.00%)
Spread: 0.15 (21.429%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 0.775
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EARNINGS AND TRADING: Alternative Income REIT raises dividend

Mon, 02nd Oct 2023 14:32

(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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Alternative Income REIT PLC - London-based investor, which specialises in alternative and specialist real estate sectors such as hotels and healthcare - Net asset value per share as at June 30, which is the company's financial year end, falls 13% to 84.16 pence each from 96.40p a year prior. Dividend per share for financial 2023 grows 9.9% to 6.045p per share from 5.50p in financial 2022. NAV total return swings to negative 6.7% from positive 22.5% a year ago. The decline in NAV was mostly due to a fall in the fair value of investment properties impacted by an upward yield movement in the wider UK real estate sector, Alternative Income REIT explains. Looking ahead, Chair Simon Bennett says: "The board remains confident that the company is well-positioned for the future, with a resilient portfolio well-placed to continue to provide secure, index-linked income with the potential for capital growth."

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Bluejay Mining PLC - Greenland and Finland-focused miner - At Hammaslahti copper-zinc-gold-silver project in Finland, finds 2.99% copper-equivalent at an intersection of 5.7 metres of mineralisation, as well as 7.41% zinc-equivalent, 0.89% copper, 3.43% zinc, 0.37% lead, 29.6 grammes of silver per tonne and 0.46 grammes of gold per tonne. Thomas Levin, chief operating officer of Bluejay subsidiary FinnAust Mining Finland Oy, says: "Future drilling will focus on the possible down plunge and up plunge extensions of the E-lode targeting higher grade ore shoots, but even more importantly on the possible structural repetitions of the ore bodies at shallow levels. Several distinct coincident gravity and magnetic anomalies have been identified close to a fold closure along strike from the historic mine and the e-lode, and these targets are of very high priority for future drilling since they might represent shallow portions of previously unknown mineralisation."

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Europa Oil & Gas Holdings PLC - UK and Ireland-focused oil and gas exploration, development, and production company - Reports prospective resource for the FEL 4/19 licence at Inishkea West, an island in the northwest of Ireland. The prospective resource for P50 is 1.336 trillion cubic feet of gas. P50 stands for a 50% probability that the volumes will equal or exceed the best estimate. P90 is 307 billion cubic feet, with a respective 90% probability. Under the pmean, with a probability that the volumes will equal the average of all of the estimates, the prospective resource is 1.554 trillion cubic feet of gas. Chief Executive Officer Will Holland says: "These results have more than justified the additional time and expenditure on what is a key asset for not only Europa, but also Ireland in terms of potential indigenous energy security and as part of the country's energy transition. "

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Goldstone Resources Ltd - Ghana-focused gold producer and explorer - Agrees to extension of maturity of gold loan announced in June 2020 with Asia Investment Management Services Ltd, to November 10. Interest continues to accrue at 14% annually until repayment date.

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Mila Resources PLC - Western Australia-focused gold exploration firm - Raises GBP2.0 million via placing 200.0 million new shares at 1p per share. Mila will use the proceeds to conduct further gold exploration work alongside Liontown Resources Ltd's lithium exploration in the northern part of the Kathleen Valley licence area. "By capitalising on work permits and heritage surveys that the Company expects to be granted in the near future, drilling costs will be significantly reduced, maximising drill metres and funds into the ground at this exciting gold project," Mila says.

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Mkango Resources Ltd - Vancouver-based mineral exploration and development company with projects in Malawi - Announces that CoTec Holdings Corp converts its GBP2 million convertible loan note in Mkango into additional shares of Mkango's subsidiary Maginito Ltd. CoTec's equity position in Maginito increases to 20.6% from 10% as results of the conversion. Maginito fully owns HyproMag Ltd, which is focused on rare earth magnet recycling technology in the US. Mkango CEO Will Dawes says: "We view the completion of CoTec's conversion as an endorsement of the implied value inherent in Maginito and specifically the proprietary hydrogen processing of magnet scrap technology that has potential to unlock a significant opportunity in the US market. We look forward to working with CoTec and HyProMag as we focus on the operational roll out of the technology and move into the next phase of growth."

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San Leon Energy PLC - Nigeria-focused oil and gas production, development and exploration company - Reports extension of loan repayment date of its USD5.0 million loan from funds managed by Toscafund Asset Management LLP, to December 31. Adds that it remains committed to publishing its 2022 results and its results for the six months to June 30. Shares will remain suspended until San Leon reports both its 2022 and 2023 interim results.

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By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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2 Jan 2024 11:05

Union Jack and Europa Oil get resources upgrade for Wressle field

(Alliance News) - Union Jack Oil PLC and Europa Oil & Gas Holdings PLC on Tuesday said an independent assessment has increased the oil reserves of their licences at the Wressle field onshore in Lincolnshire, England.

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19 Dec 2023 12:43

Europa Oil & Gas and Union Jack Oil toast flow rate at Wressle-1 well

(Alliance News) - Europa Oil & Gas Holdings PLC and Union Jack Oil PLC on Tuesday said that production had increased at the UK onshore Wressle-1 well.

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29 Nov 2023 17:20

Union Jack, Europa O&G note Egdon update on Wressle future plans

(Alliance News) - Union Jack Oil PLC and Europa Oil & Gas Holdings PLC on Wednesday both noted Egdon Resources UK Ltd's community update on the Wressle oilfield development in North Lincolnshire, including PEDL180 and PEDL182 assets.

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27 Nov 2023 20:02

TRADING UPDATES: Live Co to cut jobs; SDX Energy in strategy shift

(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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16 Nov 2023 15:54

UK shareholder meetings calendar - next 7 days

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8 Nov 2023 13:29

IN BRIEF: Union Jack, Europa Oil note Wressle-1 back up and running

Union Jack Oil PLC - UK-focused onshore hydrocarbon production, development, and exploration company - Wressle-1 well has been brought back into production following installation of a downhole jet pump. "Since production resumed, flow-rates in excess of 950 barrels of oil per day have been recorded. The well is now on continuous 24-hour production and is still cleaning up. Export and sale of oil has recommenced," Union Jack says. The firm owns a 40% interest in the asset. Europa Oil & Gas Holdings PLC, with a 30% stake, also notes the development.

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8 Nov 2023 11:14

AIM WINNERS & LOSERS: eEnergy surges after Luceco backing

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

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23 Oct 2023 13:33

IN BRIEF: Europa Oil & Gas swings to loss amid one-off costs

Europa Oil & Gas Holdings PLC - UK and Ireland-focused oil and gas exploration, development, and production company - In the year ended July 31, reports a pretax loss of GBP884,000, compared to a profit of GBP1.4 million the year prior. Revenue rises to GBP6.7 million from GBP6.6 million year-on-year. Notes the stable revenue figure was despite a lower oil price and weaker pound during the period. Records a GBP1.7 million exploration write-off in the year, as well as significantly higher expenses. Administrative expenses jump to GBP1.9 million from GBP821,000, while finance expense climb to GBP717,000 from USD238,000.

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23 Oct 2023 09:12

Europa Oil maintains revenue despite lower crude prices

(Sharecast News) - Europa Oil & Gas said in its final results on Monday that, despite a lower oil price and a weaker pound, it maintained stable revenue at £6.7m for the 2023 financial year - a slight increase from last year's £6.6m.

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18 Oct 2023 14:22

Europa Oil & Gas, Union Jack Oil say Wressle work complete

(Alliance News) - Europa Oil & Gas Holdings PLC and Union Jack Oil PLC on Wednesday announced

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4 Oct 2023 10:40

i3 Energy and Europa Oil & Gas target recently lapsed Tain acreage

(Alliance News) - i3 Energy PLC on Wednesday said it has been made aware that the licence for the Tain discovery in the North Sea has recently lapsed. The announcement was also noted by its partner Europa Oil & Gas Holdings PLC.

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11 Sep 2023 12:16

Europa Oil & Gas completes audit of Cloughton gas in place volumes

(Alliance News) - Europa Oil & Gas Holdings PLC on Monday said it completed the preliminary audit of the gross Cloughton gas in place volumes, resulting in a Pmean gas initially in place of 192 billion cubic feet.

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31 Aug 2023 19:45

TRADING UPDATES: Infrastructure India extends maturity dates on debt

(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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3 Aug 2023 11:50

Egdon, Europa and Union Jack say Wressle well producing water

(Alliance News) - Egdon Resources PLC, Europa Oil & Gas Holdings PLC and Union Jack Oil PLC on Thursday said the Wressle 1 well in Liconolnshire, England has begun to produce a small amount of water, accounting for 3.7% of the total production fluid for July.

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