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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.

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19 Oct 2022 13:06

Europa Oil repays £1m loan from Union Jack

(Sharecast News) - Hydrocarbon explorer and developer Union Jack Oil said on Wednesday that Europa Oil & Gas has repaid the loan facility entered into in September.

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10 Oct 2022 17:17

LONDON MARKET CLOSE: Stocks close down as Fed rate hikes "loom large"

(Alliance News) - Stock prices in London closed in the red on Monday, as the prospect of further aggressive interest hikes from the US central bank hit sentiment.

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10 Oct 2022 11:05

Europa Oil, i3 Energy share 'disappointment' from Serenity drilling

(Sharecast News) - Both Europa Oil and i3 Energy announced completion of drilling on the Serenity appraisal well on Monday, UK licence P2358, block 13/12c.

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10 Oct 2022 11:00

AIM WINNERS & LOSERS: Europa Oil, i3 Energy slide as well disappoints

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

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10 Oct 2022 10:56

Shares in i3 Energy and Europa Oil & Gas fall as well abandoned

(Alliance News) - i3 Energy PLC and Europa Oil & Gas PLC on Monday have abandoned a North Sea well after "disappointing" drilling results in the Serenity field.

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27 Sep 2022 22:07

TRADING UPDATES: Goldstone Resources hails results; PCF moves deadline

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

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22 Sep 2022 22:14

TRADING UPDATES: Prospex Energy profit up; Petro Matad widens loss

(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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20 Sep 2022 14:39

Europa Oil & Gas and i3Energy to spud North Sea well this week

(Alliance News) - Europa Oil & Gas Holdings PLC and i3 Energy PLC on Tuesday said that its Stena Don drilling rig is now on location.

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13 Sep 2022 12:25

Union Jack hails Wressle's "upside potential" after reserves report

(Alliance News) - Union Jack Oil PLC on Tuesday took confidence from an independent reserves report for its Wressle oilfield asset.

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9 Sep 2022 11:27

IN BRIEF: Union Jack Oil shares up as loan facility signed with Europa

Union Jack Oil PLC - Bath-based UK-focused oil and gas company - Signs a loan facility with Europa Oil & Gas PLC for GBP1.0 million. Says the loan facility offers an "attractive commercial return to Union Jack on cash funds". Under the pact, the loan has an 18-month term, secured against an unencumbered 10% interest in the Wressle field, located within licences PEDL180 and PEDL182 in North Lincolnshire on the western margin of the Humber Basin. Union Jack holds a 40% interest in the development, whilst joint venture partner Europa holds a 30% stake.

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26 Aug 2022 09:27

Union Jack's JV Wressle reaches "landmark" USD9 million revenue

(Alliance News) - Union Jack Oil PLC on Friday said its Wressle hydrocarbon development in North Lincolnshire has generated a "landmark" USD9.0 million revenue from production since August last year.

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1 Aug 2022 13:52

IN BRIEF: i3 Energy completes Serenity farm-out deal with Europa

i3 Energy PLC - oil and gas producer in the UK and Canada - Completes farm-out agreement for 25% working interest in Block 13/23c North licence, which contains the Serenity discovery located in the North Sea. Europa Oil & Gas Holdings PLC acquires 25% working interest. Europa will fund about 46% of the cost of the upcoming Serenity appraisal well to a gross capped well cost of GBP15 million. i3 says after the farm-out, the company will retain a 75% working interest in Block 13/23c North and a 100% working interest in Block 13/23c South, which contains the Minos High prospect and Liberator discovery.

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1 Aug 2022 11:21

i3 Energy farms out 25pc block interest to Europa Oil

(Sharecast News) - UK and Canada-focussed oil and gas company i3 Energy announced the completion of the farmout of a 25% working interest in block 13/23c North on licence P2358 on Monday, which contains the Serenity discovery, to Europa Oil and Gas.

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29 Jul 2022 21:20

TRADING UPDATES: No Playtech Caliplay SPAC deal; SigmaRoc sales up

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

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TRADING UPDATES: SSE issues green bond; Bank of Cyprus staff exits

(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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