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Pin to quick picksFalcon Oil Share News (FOG)

Share Price Information for Falcon Oil (FOG)

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Share Price: 6.65
Bid: 6.50
Ask: 6.80
Change: 0.05 (0.76%)
Spread: 0.30 (4.615%)
Open: 6.65
High: 6.65
Low: 6.65
Prev. Close: 6.60
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AIM WINNERS & LOSERS: Falcon Oil rises on Velkerri-76 drill results

Fri, 15th Oct 2021 10:50

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

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AIM - WINNERS

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Falcon Oil & Gas Ltd, up 18% at 8.35 pence, 12-month range 4.9p-15p. Reports "very encouraging" preliminary evaluation of the Velkerri-76 well. Notes presence of four prospective intervals within the Amungee Member, the A, AB, B and C shales, as established in the Amungee NW-1 / 1H, Beetaloo W-1 and Kalala S-1 wells. "The preliminary drilling results at Velkerri 76, together with the revised normalised gas flow rate equivalent to 5 MMscf/d at Amungee NW-1H announced in September 2021, is really exciting news for Falcon shareholders as attention shifts to future activity in the Beetaloo," says Chief Executive Philip O'Quigley.

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Iofina PLC, up 6.8% at 16.16p, 12-month range 10.55p-17.79p. Produces 142.7 metric tonnes of crystalline iodine from its five operating IOsorb plants in Oklahoma and remains on track for second-half output target. Iodine demand remains "robust" and notes recent rise in spot prices, now touching USD40 per kilogram. "The company believes the outlook for demand of iodine will remain strong into 2022," it says.

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AIM - LOSERS

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Newmark Security PLC, down 8.7% at 0.8673p, 12-month range 0.80p-1.5p. The provider of electronic and physical security systems says it has not been immune to global supply chain issues. "These issues include material increases in freight costs and shipping timeframes, as well as increasing component costs and reduced availability," it says. Has bolstered stock to ensure delivery of orders, but this working capital coupled with the significantly higher freight costs and increased component costs, has hit margins and cashflows in first four months of financial year ended April 30. Remains confident it is well positioned to navigate market conditions for rest of financial year.

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ITM Power PLC, down 7.4% at 439.8p, 12-month range 220.5p-724p. The energy storage and clean fuel company raises GBP250 million via share placing, which was oversubscribed. Placing was priced at 400p per share. Fundraise will go towards expanding the company's operations, including the development of a second manufacturing facility in the UK and a new international factory.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
30 Jan 2020 12:14

Falcon begins sidetrack to drill new hole in Beetaloo

(Sharecast News) - Falcon Oil & Gas announced the start of the sidetrack to drill the new horizontal production hole section of the Kyalla 117 N2-1H ST2 well in the Beetaloo Sub-Basin, Australia on Thursday.

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20 Nov 2019 13:01

Falcon Oil & Gas upbeat after vertical drilling at Beetaloo

(Sharecast News) - Falcon Oil & Gas announced on Wednesday that drilling of the vertical section of the Kyalla 117 N2-1 appraisal well in the Beetaloo Sub-Basin of Australia has been completed to a vertical total depth of 1,895 metres.

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20 Nov 2019 12:01

Falcon Oil & Gas Shares Climb Following Positive Results In Australia

Falcon Oil & Gas Shares Climb Following Positive Results In Australia

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9 Oct 2019 11:11

Falcon upbeat on spudding of well at Kyalla Formation

(Sharecast News) - Falcon Oil & Gas announced the spudding of the Kyalla 117 N2-1 appraisal well in the Beetaloo Sub-Basin, Australia on Wednesday, which was the first well in the stage 2 drilling programme to target the Kyalla shale liquids-rich gas play.

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22 Aug 2019 15:25

Falcon Oil & Gas upbeat on approval at Kyalla

(Sharecast News) - Falcon Oil & Gas announced on Thursday that the environmental management plan for the Kyalla 117 N2 horizontal appraisal well, for the planned 2019 drilling, stimulation, and well testing prepared by Origin Energy B2 on behalf of the joint venture, has been approved by the Northern Territory Department of Environment and Natural Resources in Australia.

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27 Mar 2018 12:11

Falcon Oil & Gas Rises After Positive Fracking Assessment In Australia

LONDON (Alliance News) - Shares in Falcon Oil & Gas Ltd were up on Tuesday after the publication of a government report in Australia saying the risks

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15 Feb 2017 07:39

Falcon Oil Gets Encouraging Results From Beetaloo Basin In Australia

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22 Dec 2016 14:23

Falcon Oil & Gas completes extended-production text

(ShareCast News) - Falcon Oil & Gas has confirmed the completion of an extended-production test (EPT) on Amungee NW-1H by Origin Resources, which it said was a significant milestone. The test outcome was initial production over the first 30 days at an average of 1.11 MMscf/d. There was 63 MMscf was

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12 Oct 2016 11:08

Falcon and Origin discover petroleum at Amungee

(ShareCast News) - Falcon Oil & Gas announced on Wednesday that its joint venture partner Origin Energy Resources has submitted a notification of discovery and an initial report on discovery to the Department of Primary Industry and Resources of the Northern Territory, Australia, on the Amungee NW-1

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5 Oct 2016 09:02

Falcon Oil & Gas appoints new CFO

(ShareCast News) - Falcon Oil & Gas, an AIM listed international oil and gas company, has appointed a new chief financial officer (CFO). Anne Flynn, who has worked as the firm's financial controller since 2014, is replacing the Michael Gallagher who is to step down as CFO from 4 October 2016 to "pur

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1 Sep 2015 11:04

Falcon Oil: "Very Encouraging" Preliminary Results From Beetaloo Basin

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15 Jul 2015 09:27

Falcon Oil & Gas spuds Australian Kalala S-1 well

(ShareCast News) - Falcon Oil & Gas has began drilling at its Australian Kalala S-1 shale well. The Kalala S-1 is the first of three planned wells on the site. It is expected to take between 35 and 50 days to reach the target depth of 2,800 metres. Falcon's 30% of the drilling costs will be covered

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29 May 2015 10:21

Falcon Oil Begins Three-Well Beetaloo Basin Drilling Campaign

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26 Jan 2015 11:37

Falcon Oil's Drilling Partner In Hungary Fails To Fulfil Obligations

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19 Aug 2014 09:19

Tuesday broker round-up

Amlin: Deutsche Bank cuts target price from 472p to 461p and reiterates a hold recommendation. Anglo Pacific: FinnCap lowers target price from 184p to 180p retaining a hold recommendation. Bovis Homes Group: Deutsche Bank shifts target price from 1057p to 1063p and keeps a buy recommendation. Libe

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