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

Share Price Information for Europa Oil & Gas (EOG)

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TRADING UPDATES: Gulf Marine wins deal; Kitwave trades in-line

Thu, 03rd Nov 2022 18:18

(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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Gulf Marine Services PLC - United Arab Emirates-based lift boat company - Awarded two new contracts and one contract extension. "One of the new contracts is for a large class vessel, while the other is for a small class vessel. The contract extension is for a mid-tier vessel. These contract awards, with improved day rates, equate to seventy-eight months of utilisation, significantly increasing the overall fleet backlog and secured revenue," Gulf Marine says.

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Kitwave Group PLC - North Shields, England-based food wholesaler - Says strong first half performance continued in second half of year ended October 31. Expects annual results "in line with the upgraded market expectations". Kitwave adds: "The board remains conscious of the wider, macroeconomic setting in which the group is currently operating. Increases in interest rates and inflationary pressures, particularly labour rates and fuel prices, will continue to impact operating costs. However, as previously explained, the group has taken prudent measures to mitigate these risks and will continue to recover these costs, wherever possible."

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Portmeirion Group PLC - Stoke-on-Trent, England-based pottery company - Company's Spode brand to collaborate with interior designer Kit Kemp for tableware and giftware. "This collaboration, for an initial period of five years, further demonstrates the group's commitment to expand our customer base and grow market share across our portfolio of brands," Portmeirion says. Says trading in September and October is in line with expectations, ahead of key festive period.

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Power Metal Resources PLC - London-based exploration company, with projects in Africa, Australia and North America - Says first two holes of drilling at T1-6 target completed. "The drill site has been prepared at target T1-14 ready for diamond drilling into the electromagnetic superconductor target identified. Drilling at T1-14 is expected to commence shortly," Power Metal says. Targets are located at Molopo Farms project in Botswana. Last week Friday, Power Metal received approval for acquisition of an additional 59% interest in Kalahari Key Mineral Exploration Pty Ltd. Power Metal would hold 88% at conclusion of transaction. Kalahari Key owns 100% of Molopo Farms. Last week Thursday, Power Metal said heritage survey clearance at Wallal, done under supervision of Yamatji Marlpa Aboriginal Corp and the Nyangumarta people, confirmed site establishment works for drilling could begin. The Nyangumarta are a group of Aboriginals in Western Australia.

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Empire Metals Ltd - London-based minerals explorer and developer - Discovers a "large magnetic anomaly" at the Pitfield copper project in Western Australia. "The mapping shows extensive copper, silver and other base metals anomalism over a 40-kilometre strike length, giving further confidence in the potential to discover a "giant" copper mineralised system at Pitfield," Empire explains.

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Future Metals NL - Perth-based platinum exploration company - Says drilling at Panton platinum group metals project in Western Australia detects zones of "primary magmatic sulphides". "[The] presence of primary magmatic sulphides in shallow drilling is a significant technical breakthrough confirming the potential for larger sulphide accumulations at depth which have not previously been tested," Future adds.

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Europa Oil & Gas Holdings PLC - oil and gas exploration, development, and production company in the UK, Ireland and Morocco - Says Ireland's minister for Department of the Environment, Climate & Communications gives backing to extend first phase of work at FEL 4/19 licence to end of January 2024. "The company intends to use the extension to carry out further technical studies and allow more time to secure a partner to advance development of the licence," Europa Oil adds.

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Longboat Energy PLC - North Sea-focused exploration and production company - Drilling results at Oswig "at the lower end of pre-drill expectations". In a preliminary estimate, recoverable resources at Oswig are thought to be between 10 and 42 million barrels of oil equivalent, based on in-place volumes of 100 to 215 million boe. "The Oswig fault block drilled has substantial volume potential and is located close to existing infrastructure. In addition, there is a possible large extension towards the south in the same fault block. Longboat looks forward to working with the partnership to define an appraisal programme and optimal well configuration for maximising flow rates from future potential development wells," Chief Executive Helge Hammer says.

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Hansard Global PLC - Isle of Man-based long-term savings provider - New business for first quarter ended September 30 amounts to GBP24.8 million, unchanged quarter-on-quarter, but down from GBP56.2 million a year prior. Assets under administration total GBP1.1 billion, up by GBP6.1 million quarter-on-quarter. "The overall environment has remained challenging for investment and long-term savings plans. However, we are making good progress developing new distribution opportunities," chief Executive Graham Sheward says. "In order to counteract this challenging environment, we have been expanding our distribution relationships, adding additional regional sales managers to our team and developing new product propositions across our product range. We expect to launch a new proposition in the Middle East on our new administration system in 2023 to assist growing our business in that market."

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Sondrel Holdings PLC - fabless semiconductor business - Names Thomas Flynn as vice president of sales in North America. "Thomas brings significant US industry experience and extensive relationships to the Group, having spent three decades working in the Silicon Valley semiconductor industry, including in senior management positions. Prior to joining Sondrel, Thomas was previously VP of Sales at several leading companies in the Valley, most recently, VP of Sales at Oski Technologies, where he supported significant revenue and profit growth," Sondrel says. Flynn's appointment allows firm to build on "existing success" in US.

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Cap-XX Ltd - Sydney-based maker of ultra-thin prismatic and cylindrical supercapacitors - Remains "optimistic" over firm's prospects, despite noting "industry-wide supply chain bottlenecks, especially in China". Says outlook for revenue and adjusted earnings before interest, tax, depreciation and amortisation for year to June 30 "remains in line with market expectations". In addition, company announces launch of five millimetre cylindrical supercapacitor, designed for internet of things devices.

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IQE PLC - Cardiff, Wales-based semiconductor wafer products - Signs multi-year agreement with Advanced Wireless Semiconductor Co, for supply of epiwafers. "This three-year supply agreement covers epitaxial wafers spanning a range of AWSC's wireless products, including those which enable 4G and 5G mobile handsets and WiFi products. The agreement provides IQE with diversification opportunities into mass-market power amplifier products. IQE and AWSC will also partner in the design and development of solutions for next-generation wireless applications," IQE adds.

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DSW Capital PLC - Warrington, England-based business advisory services provider - Says trades strongly in half-year ended September 30, with revenue up 34% year-on-year to GBP9.8 million, from GBP7.3 million. Says total income from licensees rises 40% to GBP1.6 million, from GBP1.2 million, and more than covers "ongoing cost of being on AIM". Adjusted pretax profit for half-year amounts to GBP900,000 from GBP800,000.

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Eight Capital Partners PLC - London-based fintech-focused company - Updates on transformational growth strategy, which involved transition to "fintech operating company" from investing firm, restructuring of balance sheet and aim to grow market capitalisation "beyond GBP50 million". Next step of growth plan involves share placing. Plans to place shares at price of 0.02 pence each and raise GBP10 million.

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Facilities by ADF PLC - provider of production and support vehicles for the TV and film industry - Opens new office in Glasgow, Scotland, set in Pioneer Film Studios' campus. Pioneer campus is Scotland's newest and largest film studio and stands at 1.2 million square feet. It provides studio space, workshop areas, editing suites and training facilities.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
13 Sep 2024 12:49

IN BRIEF: Europa Oil & Gas opts not to extend Serenity licence

Europa Oil & Gas Holdings PLC - UK and Ireland-focused oil and gas exploration, development and production company - Says that it does not intend to apply to the North Sea Transition Authority for an extension to the Serenity licence, which is due to expire on September 30 of this year. As a result, the incurred costs associated the licence that Europa Oil & Gas has capitalised on its balance sheet will be written off.

Read more
13 Sep 2024 11:23

Europa Oil opts not to extend Serenity licence

(Sharecast News) - Europa Oil & Gas, an company focussed on oil and gas exploration, development, and production in the UK, Ireland and West Africa, announced on Friday that it would not apply for an extension of the Serenity licence, P2358.

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3 May 2024 20:29

IN BRIEF: Europa Oil & Gas withdraws from UK offshore licensing round

Europa Oil & Gas (Holdings) PLC - UK and Ireland-focused oil and gas exploration, development and production company - Updates on the company's application for a licence as part of the 33rd UK Offshore Licensing Round that closed in January. Says the North Sea Transition Authority proposes a marriage between Europa and another party for the Licence. But, Europa decides not to accept the proposed marriage and also notifies the NSTA that, if the NSTA subsequently decide to award the Licence, in its entirety to the company as the sole owner, Europa would decline the offer. Europa explains that since its original application various aspects of the operating conditions and the fiscal environment have changed and remain uncertain. This reduces the economic and strategic attractiveness of the licence. As such, Europa believes that its resources are better deployed on its existing assets and looking for new opportunities within its core areas of focus.

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3 May 2024 08:39

Europa Oil to decline any North Sea licence offer

(Sharecast News) - Europa Oil & Gas said in an update on Friday that it received communication from the North Sea Transition Authority (NSTA) regarding its application for a licence as part of the 33rd UK Offshore Licensing Round.

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22 Apr 2024 20:03

EARNINGS AND TRADING: Zenova's Kitemark award; Carnival's eyes savings

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

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17 Apr 2024 12:21

IN BRIEF: Europa Oil loss lower; eyes opportunity in Equatorial Guinea

Europa Oil & Gas Holdings PLC - UK and Ireland-focused oil and gas exploration, development and production company - Pretax loss narrows 20% to GBP1.0 million in the six months to GBP1.0 million from GBP1.3 million a year prior. Revenue dives to GBP1.4 million from GBP3.7 million, which it says was due to the three-month shut-in period at Wressle in the East Midlands. Total cost of sales decrease 28% to GBP1.6 million from GBP2.2 million. Notably, reports no exploration write off cost, compared to GBP1.7 million a year prior. Looking ahead, Chief Executive Officer Will Holland says: "As we have alluded to in the past, we are always looking for additional geographies where we can reallocate our inhouse expertise. Such an opportunity arose in Equatorial Guinea towards the end of last year, where we are investing in a very high-quality licence with three drill-ready and potentially transformational prospects."

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14 Feb 2024 12:40

Europa Oil & Gas confirms extension to Cloughton licence

(Sharecast News) - Europa Oil & Gas announced a significant extension to its PEDL 343 licence on Wednesday, housing the Cloughton gas discovery in the East Midlands.

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14 Feb 2024 11:55

Europa Oil & Gas gets extension to PEDL 343 gas licence from UK NSTA

(Alliance News) - Europa Oil & Gas Holdings PLC on Wednesday announced an extension to its PEDL 343 licence in the East Midlands of England, which contains the Cloughton gas discovery.

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29 Jan 2024 10:27

IN BRIEF: Europa Oil hails phase extension for flagship Irish licence

Europa Oil & Gas Holdings PLC - UK and Ireland-focused oil and gas exploration, development, and production company - Says that Phase One of FEL 4/19, its licence in the Slyne basin, has been extended following approval from the Irish Government's Department of the Environment, Climate & Communications.

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15 Jan 2024 13:37

IN BRIEF: Europa Oil & Gas stock down as cashflow lower than expected

Europa Oil & Gas Holdings PLC - UK and Ireland-focused oil and gas exploration, development, and production company - Expects to report free cash flow of approximately GBP800,000 for 2023, lower than forecast of GBP4.2 million announced on Wednesday. Says lower than expected result was primarily due to delayed development at Wressle-1 well reducing revenue receipts for 2023, although it did result in "materially lower" capital expenditure. Says it has sufficient funds to cover expected capital and operational requirements for 2024. Company also reports that its cash position was GBP4.3 million at November 30, and that gross production at Wressle-1 is currently averaging 665 barrels of oil per day.

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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

Friday 17 November 
Future Metals NLAGM
Red Rock Resources PLCGM re allot equity securities
Rockpool Acquisitions PLCAGM
Saietta Group PLCGM re annual accounts and reappointment of auditors
US Solar Fund PLCGM re change of investment policy
Monday 20 November 
Hellenic Dynamics SAGM re share subdivision and share reclassification
McBride PLCAGM
Mountview Estates PLCGM re re-election of directors
Ondo InsurTech PLCAGM
Rainbow Rare Earths LtdAGM
Seraphim Space Investment Trust PLCAGM
Tuesday 21 November 
Berkeley Energia LtdAGM
Currys PLCGM re proposed disposal of Kotsovolos
Custodian Property Income REIT PLCGM re articles of association
Physiomics PLCAGM
Starvest PLCGM re cancellation of listing
Trainline PLCGM re capital reduction
Wednesday 22 November 
Castillo Copper LtdAGM
Celtic PLCAGM
Crystal Amber Fund LtdAGM
Genus PLCAGM
GreenX Metals LtdAGM
Leeds Group PLCAGM
Wilmington PLCAGM
Thursday 23 November 
Avation PLCAGM
Bradda Head Lithium LtdAGM
Europa Oil & Gas Holdings PLCAGM
Fiske PLCAGM
Hotel Chocolat Group PLCAGM
Pan African Resources PLCAGM
PZ Cussons PLCAGM
Rosslyn Data Technologies PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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