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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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Share Price: 0.775
Bid: 0.70
Ask: 0.85
Change: 0.00 (0.00%)
Spread: 0.15 (21.429%)
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TRADING UPDATES: No Playtech Caliplay SPAC deal; SigmaRoc sales up

Fri, 29th Jul 2022 21:20

(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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Playtech PLC - Isle of Man-based gambling software development company - Says no longer pursuing deal which would have seen Caliplay acquired by a US-listed special purpose acquisition company. Playtech has option to acquire 49% of Caliplay, which is owned by Mexican betting firm Caliente. Playtech says: "Capital market conditions have deteriorated significantly since the transaction was initially contemplated and, accordingly, this transaction is no longer being pursued in the same manner. However, the company continues to explore alternative opportunities with Caliplay management to build a standalone US gaming business under the Caliente brand focused on the Hispanic community in the US."

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SigmaRoc PLC - London-based investment company focused on construction - Says revenue in first half of 2022 rises 18% year-on-year on an adjusted like-for-like basis to GBP248 million. Underlying earnings before interest, tax, depreciation and amortisation climb 6% to GBP48 million. "Trading in the early part of H2 2022 has started well, with the group benefitting from its broad end market and geographical diversification. Demand remains good both for housing and infrastructure related demand, as well as for industrial minerals. The group has successfully dealt with the various supply chain and inflationary headwinds in H1 2022, with further improvement initiatives planned for H2 2022," SigmaRoc says.

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Nostrum Oil & Gas PLC - Oil and gas company with operations in Kazakhstan - Says first half daily production after treatment averages 14,167 barrels of oil equivalent per day, down from 18,107 a year earlier. Daily sales volumes average 13,102, down from 16,249. However, higher Brent prices will lift revenue. Nostrum expects revenue in excess of USD107 million for first half, up from USD92 million a year earlier. Brent price average USD105 a barrel in first half, up from USD65.2 a year prior.

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Angus Energy PLC - oil and gas development company focused on UK assets - Updates on Saltfleetby project. Says commissioning sequence continues but sees delay due to communications between computer controls at site. "These issues were substantially resolved last night by specialists engaged by the company and its contractors such that we can now resume the commissioning sequence and move towards commercial production," Angus says. "As a precautionary measure, the company has worked with its hedge provider to roll a portion of the Q3 2022 hedge into Q1 and Q2 of 2023. This has allowed the Company to take advantage of the very high forward gas prices and contango to lock a higher average forward sale price at no up-front cost to the company."

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Power Metal Resources PLC - London-based metals exploration company focused in North America, Africa and Australia - Updates on Western Australia and Northern Territory projects, held through 62%-owned investee First Development Resources Ltd. Power Metal says Wallal heritage survey clearance dates confirmed, to take place between August 16 and 19. Power MEtal also says Wallal drilling contract has been signed. DDH1 Drilling Ltd has been called on. It has previously drilled discovery holes for Greatland Gold PLC at Havieron deposit. Power Metal adds: "The in-depth desktop review for the Ripon Hills and Braeside West projects is now complete with multiple targets identified for gold and base-metals associated with deep-seated fault structures confirmed for further investigation." Finally, it says board and advisor group composition has been finalised for First Development. Advisors are now working towards a UK listing planned for later this year.

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Metals Exploration PLC - mineral resources exploration and development company with assets in the Philippines - Says reduction of share capital effective. Says no longer has any deferred shares in issue.

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Great Southern Copper PLC - London-based copper company focused in Chile - Delays results for year ended March 31. "This follows guidance from the Financial Conduct Authority on corporate reporting timetables in light of Covid-19 and will allow the audit to be completed. The Company will announce its full year results in due course," Great Southern says.

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Europa Oil & Gas Holdings PLC - oil and gas exploration, development, and production in UK, Ireland and Morocco - FEL 4/19 licence to remain live until Irish government Department of the Environment, Climate & Communications says otherwise. Europa had announced award of licence in August 2019. Europa adds: "The company has completed all work commitments for the first phase of the licence and in March 2022 applied to DECC for an extension to the first phase in order to carry out further technical studies and allow more time to secure a farm out of the licence. The licence extension application remains under review, and whilst there can be no guarantee the extension will be granted, the DECC has confirmed that the licence will remain live, pending a decision on the application, regardless of how long it takes for DECC to make the decision."

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Ormonde Mining PLC - Irish natural resource company focused on Spain - The Irish natural resource company agrees to sell its stake in the La Zarza copper-gold project in Spain for EUR2.3 million in cash to La Zarza Mineria Metalica. The sale price is at a premium to the book value of EUR2.0 million, with Ormonde netting EUR800,000 on completion of the sale.

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Agriterra Ltd - Guernsey-based agricultural investment company - Secures new debt funding from Magister Investments Ltd, its majority shareholders, worth USD7.9 million. It allows for immediate repayment of USD6.1 million working capital facility owed to an external banking institution. Also allows for cheaper financing of grain purchasing in Mozambique, Agriterra says. "Management estimates that this debt refinancing will enable the company to save approximately USD600,000 in annual interest and fee costs during the first year," company adds.

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Parkmead Group PLC - Netherlands and UK-focused gas explorer based in London - Turns to energy corporate finance advisory firm Gneiss Energy Ltd to help hunt for possible partners at Greater Perth Area development project, which it calls one of the most "undeveloped oil projects" in the North Sea. The core Perth field holds 55 million barrels of recoverable oil equivalent on a P50 basis. "Parkmead is now in a position to launch this farm-out process to seek an industry partner (or partners) for the GPA project," it says.

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Eneraqua Technologies PLC - London-based heating and hot water systems for social housing and commercial projects - Says trading in first half of year ending January 31 "encouraging and we remain on course to deliver on our growth plans". Company adds: "In response to the growing opportunities we are witnessing, we are also investing further in our capability, in particular in people, to enable the group to deliver higher levels of activity in future years. This includes increasing our investment in training and development to bring forward the skills and experience of our people to enable us to deliver an even better outcome for our clients. This has also allowed us to manage the challenges in our supply chain."

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TruFin PLC - London-based financial technology - Enters into five-year commercial agreement with Lloyds Banking Group PLC. The lender will license TruFin unit Satago's software platform for its single invoice finance and whole of book invoice factoring customers. "Satago will receive a recurring fee for each bank customer which utilises its platform, plus one-off implementation fees. Satago expects the software platform to be made available to the bank's customers during Q4 2022," TruFin says.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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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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28 Jul 2023 16:34

TRADING UPDATES: Jardine Matheson net assets rise, Oberon loss widens

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

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24 Apr 2023 17:48

EARNINGS UPDATES: Europa Oil & Gas swings to loss as costs rise

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

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24 Apr 2023 12:51

Europa Oil swings to loss after first-half revenue record

(Sharecast News) - Europa Oil & Gas reported its highest-ever interim revenues in its half-year results on Monday, alongside record operational figures.

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3 Apr 2023 12:25

IN BRIEF: Europa Oil & Gas appoints consultant Alastair Stuart as COO

Europa Oil & Gas Holdings PLC - UK and Ireland-focused oil and gas exploration, development, and production company - Appoints Alastair Stuart as chief operating officer and as an executive director of the company, effective immediately.

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16 Mar 2023 20:21

TRADING UPDATES: Highbridge delays liquidation; Phoenix finds silver

(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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15 Mar 2023 12:01

Europa Oil & Gas chief executive retires, promotes finance chief

(Alliance News) - Europa Oil & Gas Holdings PLC on Wednesday said its chief executive officer has decided to retire, prompting the immediate promotion of its chief financial officer.

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17 Jan 2023 14:54

TRADING UPDATES: Genel Energy likes high oil price; Cooks Coffee grows

(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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12 Jan 2023 07:45

IN BRIEF: Europa Oil & Gas says oil field in UK Midlands outperforming

Europa Oil & Gas Holdings PLC - UK and Ireland focused oil and gas exploration, development and production - Wressle oilfield, located onshore in the UK's East Midlands, produces an average of 300 barrels of oil per day in December, prompting Europa to guide for group production net to Europa of 500 barrels of oil equivalent per day from the fourth quarter of 2023 onward. This will be after the Penistone horizon at Wressle comes online. Europa plans a development well for the Penistone horizon in the second half of the year and a second in 2024. This will come from a net committed capital expenditure budget of GBP5.1 million across the Europa asset base. The company has a net cash position of GBP4.6 million.

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30 Nov 2022 15:47

UK shareholder meetings calendar - next 7 days

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23 Nov 2022 11:56

Europa Oil & Gas abandons Moroccan licence on lack of market interest

(Alliance News) - Europa Oil & Gas Holdings PLC on Wednesday said it has decided not to progress its Moroccan licence, Inezgane, after failing to secure a partner to aid with the drilling of an exploration well.

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14 Nov 2022 19:52

TRADING UPDATES: Aeorema reinstates payout; Resolute upsizes fundraise

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

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3 Nov 2022 18:18

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

(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 Nov 2022 12:02

Europa Oil gets extension to its licence at Inishkea prospect

(Sharecast News) - UK, Ireland and Morocco-focussed energy explorer, developer and producer Europa Oil has been given an extension to its Inishkea prospect, it announced on Thursday.

Read more
19 Oct 2022 16:41

TRADING UPDATES: Smiths News, Cambridge Cognition win contracts

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

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