Watch our Look ahead to 2025 series here.

Less Ads, More Data, More Tools Register for FREE
Sponsored Content
Sponsored Content

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: 0.875
Bid: 0.85
Ask: 0.90
Change: 0.00 (0.00%)
Spread: 0.05 (5.882%)
Open: 0.875
High: 0.875
Low: 0.875
Prev. Close: 0.875

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

WINNERS & LOSERS SUMMARY: Takeover Speculation Boosts Aberdeen Shares

Mon, 26th Oct 2015 10:36

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.
----------
FTSE 100 - WINNERS
----------
Aberdeen Asset Management, up 4.7%. The Financial Times on Sunday said the group has started sounding out potential buyers for the company as the emerging-markets-focused fund manager attempts to stem a recent slump in profitability, its share price and its assets under management. People familiar with the process said Martin Gilbert, the chief executive of the company, had made informal approaches to a number of rivals in recent months, the newspaper said. Gilbert, who also founded the business, declined to comment to the FT. A spokesman for Aberdeen denied the reports to multiple media outlets on Monday.
----------
FTSE 100 - LOSERS
----------
WPP, down 2.2%. The advertising and media-buying company reported a rise in revenue for the third quarter of 2015, and said that whilst it is still in the process of reviewing its forecasts, early indications are that its revenue and net sales in the fourth quarter will be ahead of the first nine months. WPP said in the quarter to end-September that its total revenue rose 5.9% to GBP2.93 billion from GBP2.76 billion a year before, and was up 7.9% at constant exchange rates. WPP said that in constant currency it saw revenue growth in all regions and business sectors, particularly North America, the UK, and Asia Pacific, Latin America, Africa and the Middle East and Central and Eastern Europe.
----------
FTSE 250 - WINNERS
----------
Senior, up 4.8%. The manufacturing company, which makes components for the aerospace and automotive industries, was upgraded to Buy from Hold by Investec as the broker said the company is currently undervalued. Investec said while the growth story for Senior has paused, the company's programme positions, operational flexibility, consistent cash generation and strong balance sheet are attractive and undervalued at current share price levels.
----------
FTSE 250 - LOSERS
----------
TalkTalk Telecom Group, down 7.3%. The telecommunications company was still suffering from the cyber attack it faced last week which resulted in the data of its customers being breached. TalkTalk said over the weekend the volume of financial information of its customers accessed it now expected to be "materially" lower than originally anticipated and said the data breached would not be enough on its own for a criminal group to target its customers. The Financial Times, however, reported TalkTalk is facing mounting calls to pay compensation amid claims criminals have already started to target its customers. TalkTalk also said it has hired BAE Systems, the defence contractor, to help it in dealing with the aftermath of the hack.
----------
MAIN MARKET AND AIM - WINNERS
----------
Europa Oil & Gas (Holdings), up 11%. The company said it has had its three prospects offshore Ireland independently valued at USD7.0 billion. The three prospects on the FEL 3/13 licence in the Porcupine basin offshore Ireland has been valued by ERC Equipoise, which have stuck a non-risked net present value of USD7.00 billion on the prospects and a risked net present value of USD1.10 billion. Europa currently holds a 15% stake in the licence, but is currently awaiting for Irish government approval to take back a 100% interest in the licence after its partner Kosmos Energy Ireland pulled out earlier this year.

Plant Impact, up 6.9%. The agricultural bioscience company said its pretax loss narrowed in the year to the end of July as it increased its revenue and expanded sales of its Veritas product across the Brazilian soy market. Plant Impact said its pretax loss in the year to July 31 was GBP249,000, compared to a GBP853,000 loss made a year earlier, as total revenue for the company rose to GBP4.5 million in the year, up from GBP2.5 million. The company said it flagship soybean foliar spray, Veritas, led the revenue increase thanks strong growth in Brazil, with the product now being sold to all sow-growing regions in Brazil. The technology is now undergoing field tests outside Brazil and technical trials are currently progressing for the company's second and third crop enhancement products for soy.
----------
MAIN MARKET AND AIM - LOSERS
----------
Trinity Exploration & Production, down 17%. The oil and gas company said Chief Executive Joel Pemberton has resigned and will leave his position at the end of 2015. His resignation comes amid the pending sale of all of Trinity's onshore assets and as the group refocuses its attention on its offshore activities. Bruce Dingwall will become executive chairman, effective immediately.
----------
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

Copyright 2015 Alliance News Limited. All Rights Reserved.

More News
18 Dec 2024 09:49

Europa Oil terminates royalty agreement for Whisby 4 well

(Sharecast News) - Europa Oil & Gas, an exploration and production company with assets in the UK, West Africa and Ireland, announced the termination of its royalty agreement for the Whisby 4 well with BritNRG, the field operator and licence holder, on Wednesday.

Read more
22 Nov 2024 11:35

UK shareholder meetings calendar - next 7 days

Read more
28 Oct 2024 14:34

Europa Oil shares dive as loss widens amid big exploration costs

(Alliance News) - Europa Oil & Gas Holdings PLC on Monday said 2025 will be an exciting period for the company as it reported a widened loss due to higher exploration costs.

Read more
28 Oct 2024 10:51

Europa Oil reports challenging financial performance

(Sharecast News) - Europa Oil & Gas reported a challenging financial performance for the year ended 31 July on Monday, as revenue declined 46% to £3.6m, reflecting reduced oil production, including a three-month shutdown at its Wressle site, and lower realised oil prices.

Read more
18 Oct 2024 10:30

Approval for more development of Lincolnshire oil field to be revoked

(Alliance News) - Europa Oil & Gas Holdings PLC and Union Jack Oil PLC said on Friday they expect planning consent for further development of the Wressle field in Lincolnshire to be quashed, following a legal challenge to their application.

Read more
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.

Read more
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.

Read more
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.

Read more
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:

Read more
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."

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more

Track Your Investments

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.