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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: 0.775
High: 0.775
Low: 0.775
Prev. Close: 0.775
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TRADING UPDATES: Highbridge delays liquidation; Phoenix finds silver

Thu, 16th Mar 2023 20:21

(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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Anglo Asian Mining PLC - Azerbaijan-focused gold, copper and silver producer - Completes initial geological block model and open pit optimisation study at Xarxar deposit. Expects mining and processing of 3 million tonnes of ore per year, with a production target of 10,000 tonnes of copper metal per year over 7 years. Anglo Asian Vice-President Stephen Westhead says: "These results represent an important step in our strategy of transitioning to a mid-tier miner, as Xarxar is expected to contribute a considerable amount of annual copper production to our portfolio. The initial study and exploration have delivered significant upside potential."

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Bradda Head Lithium Ltd - North America-focused lithium development company - Mobilises sonic drill rig to its basin project in Arizona to start the 2023 drilling programme. Aims to increase coverage over as much of the project's 17 square kilometres area as possible. Company anticipates a resource upgrade in the third quarter of 2023, Chief Executive Officer Charles FitzRoy says. He adds: "BHL is excellently placed to take full advantage of the near-term resource growth potential at our sedimentary lithium assets in Arizona. The area we are permitting at Basin West is over 11 square kilometres, which is considerably larger than Basin East, Basin East Extension, and Basin North combined, around 6 square kilometres."

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Egdon Resources PLC - UK-focused oil and gas exploration and production company -, Europa Oil & Gas Holdings PLC - UK and Ireland focused oil and gas exploration, development and production company -, Union Jack Oil PLC - Bath, England-based oil and gas company - Note update at Wressle oil field at the North Sea in the UK, with total production exceeding 390,000 barrels of oil. UK Environment Agency identifies no issues at site. "The Wressle-1 well has continued to flow oil and associated gas at production rates above forecast expectations made ahead of the successful Proppant Squeeze operation, conducted in August 2021," the companies say.

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Highbridge Tactical Credit Fund Ltd - credit investment fund - Announces it will delay its liquidation, and stay listed until October. Sets compulsory redemption of majority of shares, with redemption to be made at net asset value level of GBP2.6368. Notes that around 95% of each shareholders' shares will be redeemed. Further, will pay 2.24 pence per share with respect to 2019 Exit creditors, but no payment with respect to 2016 Exit creditors. It adds that the December 2022 NAV of GBP2.6368 will be last NAV from company. It says that any distributions from AllBlue will be passed to shareholders, while it is considering a new share class for new investment strategy. The new share class would be completely separate.

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Mkango Resources Ltd - Vancouver-based mineral exploration and development company - Notes completion of GBP1.5 million investment by by CoTec Holdings Corp into its subsidiary, Maginito Ltd. CoTec is a busines focused on greening and improving the efficiency of the commodity extraction business. Further, Chief Operating Officer of Cotec, John Singleton, has been appointed to the board of Maginito. Further, "Mkango and CoTec will collaborate in the development of rare earth technology opportunities in the United States with ongoing scoping studies evaluating recycling, chemical processing, alloys and magnet manufacturing," Mkango says.

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Phoenix Copper Ltd - base and precious metals explorer in US state of Idaho - Finds 214.5 grammes of silver per tonne at Empire open pit copper project in Custer County, Idaho. Further, finds 505 parts per million of molybdenum and 421 ppm of tungsten. Chief Executive Officer Ryan McDermott says: "Most importantly, the intercepts in the drilling program thus far are consistent with the team's expectations and meet the material type-grade-interval length necessary for the metallurgical test work currently being undertaken. "We look forward to reporting the results of the metallurgical testing as they become available. We also look forward to reporting the assay results for the Redstar/North Pit reverse-circulation drilling completed in 2022. We expect those results to become available in the near future."

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Pineapple Power Corp - special purpose acquisition company - Secures GBP350,000 of new financing via placing 11.0 million shares at 3 pence each via director Claudio Morandi. The company is currently unable to issue and admit new shares without either the publication of an Financial Conduct Authority approved prospectus, or relying on an exemption to the requirement to issue a prospectus.

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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.

More News
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

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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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2 Oct 2023 14:32

EARNINGS AND TRADING: Alternative Income REIT raises dividend

(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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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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