Mike Ralston, CEO of Blencowe Resources (BRES) and Manuel Pablo Zúñiga-Pflücker, President and CEO of PetroTal (PTAL) will be presenting and taking live Q&A at focusIR's Investor Webinar on Tuesday 25th February. Please register here.

Less Ads, More Data, More Tools Register for FREE
Sponsored Content
Don't want ads? Click here
Sponsored Content
Don't want ads? Click here

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

Share Price Information for Europa Oil & Gas (EOG)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.775
Bid: 0.70
Ask: 0.85
Change: 0.00 (0.00%)
Spread: 0.15 (21.429%)
Open: 0.775
High: 0.80
Low: 0.775
Prev. Close: 0.775
EOG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Timelines are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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:

----------

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."

----------

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."

----------

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. "

----------

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.

----------

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.

----------

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."

----------

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.

----------

By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
30 May 2022 16:16

IN BRIEF: Europa Oil & Gas and i3 sign services contract for Serenity

Europa Oil & Gas Holdings PLC - oil and gas exploration, development, and production in UK, Ireland and Morocco - and i3 Energy PLC - oil and gas producer in the UK and Canada - i3 enters three-year contract with Petrofac Facilities Management Ltd for the subsidiary of Petrofac Ltd to provide well engineering, operations management and operator services for drilling of Serenity appraisal well. Serenity is located on its UK North Sea license P2358 block 13/23c, for which i3 is the operator and Europa holds a 25% working interest. i3 says well slot is secured for commencement date between August 15 and September 15 this year.

Read more
30 May 2022 14:00

IN BRIEF: Egdon, Europa and Union Jack get okay for Wressle field plan

Egdon Resources PLC - operator of Wressle oil field in north Lincolnshire, England - North Sea Transition Authority approves field development plan for Wressle. The UK regulator also approves the licenses, PEDL180 and PEDL182, to enter production through 2039.

Read more
28 Apr 2022 15:54

EXECUTIVE CHANGES: SThree confirms German region chief Lehne as CEO

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and not separately reported by Alliance News:

Read more
22 Apr 2022 15:17

TRADING UPDATES: Itaconix fundraise; Graft Polymer, MGC in patent wins

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

Read more
13 Apr 2022 19:46

TRADING UPDATES: McKay backs Workspace offer; IOG fixes Blythe fault

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

Read more
13 Apr 2022 13:45

Europa Oil reports strongest first half yet

(Sharecast News) - UK, Morocco and Ireland-focussed Europa Oil & Gas reported its strongest interim financial performance since the first half of 2014 on Wednesday, with "significant" revenue and profit as a result of asset performance and a strengthening oil price.

Read more
25 Mar 2022 18:51

TRADING UPDATES: Europa eyes fundraise; Eastinco extends long stop

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

Read more
25 Mar 2022 10:43

Europa Oil shareholders to vote on fundraising for Serenity investment

(Sharecast News) - Europa Oil issued a statement urging shareholders to vote in favour of its proposed £7m fundraising on Friday morning, as investors gathered for a general meeting over the plans.

Read more
18 Mar 2022 16:07

UK shareholder meetings calendar - next 7 days

Read more
3 Mar 2022 20:34

TRADING UPDATES: Next Fifteen raises GBP50 million; N Brown sales up

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

Read more
2 Mar 2022 18:16

IN BRIEF: Europa to raise GBP7.0 million to fund Serenity farm-on

Europa Oil & Gas Holdings PLC - exploration and production company focussed on Morocco and Ireland - Notes that DNO North Sea UK Ltd will exercise its rights to terminate the sale and purchase agreement with Europa for Frontier exploration licence 3/19 offshore Ireland.

Read more
19 Jan 2022 12:08

Egdon and Europa shares get boost from Wressle-1 well potential

Egdon and Europa shares get boost from Wressle-1 well potential

Read more
11 Jan 2022 10:08

Union Jack shares rise after oil firm hits USD2 million revenue mark

Union Jack shares rise after oil firm hits USD2 million revenue mark

Read more
22 Dec 2021 21:22

TRADING UPDATES: Mercia buys more Intechnica; Anexo scores VW win

TRADING UPDATES: Mercia buys more Intechnica; Anexo scores VW win

Read more
22 Dec 2021 13:55

Europa Oil upbeat on progress at West Firsby

(Sharecast News) - UK, Ireland and Morocco-focussed exploration, development and production company Europa Oil & Gas updated the market on progress on the potential of West Firsby as a test site for sustainable geothermal energy systems on Wednesday.

Read more

Make Better Investment Decisions

Register for FREE

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.