The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksFalcon Oil Share News (FOG)

Share Price Information for Falcon Oil (FOG)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
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
FOG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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.

----------

AIM - WINNERS

----------

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.

----------

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.

----------

AIM - LOSERS

----------

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.

----------

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.

----------

By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
23 Jul 2014 09:01

Wednesday broker round-up UPDATE

Abcam: Canaccord Genuity ups target price from 375p to 400p and upgrades from hold to buy. ARM Holdings: Deutsche Bank cuts target price from 975p to 950p and maintains a hold recommendation. Credit Suisse lowers target price from 1125p to 1100p and leaves its outperform rating unaltered. Beazley:

Read more
16 May 2014 12:10

UK MIDDAY BRIEFING: Carphone In Talks To Sell French Mobile Venture

LONDON (Alliance News) - Carphone Warehouse and Virgin Group are in exclusive talks to sell their Virgin Mobile France joint venture to Numericable Group for EUR325 million, just a day after Carphone announced its GBP3.6 billion merger with Dixons Retail.

The joint

Read more
16 May 2014 10:29

UK WINNERS & LOSERS: LED International Off 58% As It Awaits Cash

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Friday.
-------
FTSE 100 - WINNERS
-------
WM Morrison Supermarkets, up 4.2%, J Sainsbury, up 2.6%, and

Read more
16 May 2014 10:18

Falcon Oil Fails To Find Commercial Hydrocarbons From Kutvolgy-1

LONDON (Alliance News) - Falcon Oil & Gas Ltd Friday said its second exploration well at the Mako Trough in Hungary has gone into test drilling, but results from its first well at the site have failed to show commercial levels of hydrocarbons. The oil and gas exploration and development com

Read more
2 May 2014 11:56

UK MIDDAY BRIEFING: IHG, RBS And AstraZeneca Highlight London Trade

LONDON (Alliance News) - InterContinental Hotels Group saw its share price jump Friday after the company declared a USD750 million special dividend and reported strong results for its first quarter.

IHG's dividend comes after the firm completed two asset disposals

Read more
2 May 2014 11:00

UK WINNERS & LOSERS: InterContinental Hotels, RBS Lead FTSE 100

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Friday.
-------
FTSE 100 - WINNERS
-------
InterContinental Hotels Group, up 8%. The company has reported that revenue pe

Read more
2 May 2014 09:39

Falcon Oil & Gas Agrees "Transformational" Farm-Out Deal

LONDON (Alliance News) - Falcon Oil & Gas Limited said Friday that its 98% subsidiary, Falcon Oil & Gas Australia Limited has signed "transformational" agreements for its exploration permits in the Beetaloo Basin in Australia. Falcon said that its Australian firm has executed Definitive Agr

Read more
28 Apr 2014 10:33

Falcon Oil & Gas Says It Can't Explain Share Price Drop

LONDON (Alliance News) - Falcon Oil & Gas Ltd Monday said it is unaware of any reason for its recent share price fall on the Canadian TSX Venture Exchange. The company's shares fell by 19% on TSX on Friday to CAD0.145, and its shares on London's AIM are off 7.7% to 8.65 pence Monday morning

Read more
1 Nov 2013 12:52

UK WINNERS & LOSERS: Vodafone Up But Meggitt Slides After Warning

Read more
1 Nov 2013 12:00

Falcon Oil & Gas Rises As It Buys Up Overriding Royalty Interests

Read more
30 May 2013 08:19

Thursday broker round-up UPDATE

AMEC: Morgan Stanley reduces target price from 1220p to 1100p and retains an underweight rating. Amlin: JP Morgan takes target price from 360p to 400p maintaining an underweight rating. Brewin Dolphin: Canaccord Genuity raises target price from 230p to 285p and reiterates a buy recommendation. C

Read more
24 May 2013 08:14

Falcon Oil & Gas consolidates interest in Beetaloo Basin

AIM-listed Falcon Oil & Gas has executed a conditional agreement with Sweetpea Petroleum Pty, a wholly-owned subsidiary of PetroHunter Energy Corporation, to acquire its 50m shares (or 24.2 per cent interest) in Falcon Oil & Gas Australia(FOGA). FOGA is a subsidiary of Falcon and is the registered

Read more

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.