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Pin to quick picksFalcon Oil Share News (FOG)

Share Price Information for Falcon Oil (FOG)

London Stock Exchange
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Share Price: 6.60
Bid: 6.50
Ask: 6.70
Change: 0.00 (0.00%)
Spread: 0.20 (3.077%)
Open: 6.60
High: 6.60
Low: 6.60
Prev. Close: 6.60
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AIM WINNERS & LOSERS: Marechale stock doubles; Falcon extends gains

Mon, 06th Sep 2021 10:38

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

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AIM - WINNERS

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Marechale Capital PLC, shares more than double to 3.40 pence after closing at 1.65p on Friday, 12-month range 0.90p-6.80p. The corporate finance firm jumps after sealing a transaction which sees it snap up founder shares in Durham-based lithium exploration and development company Weardale Lithium Ltd. Marechale has an 8.7% stake in Weardale. Excluding additional, undated warrants, Marechale's Weadale stake is valued at GBP1.5 million. Shares are 50% below its 52-week high, which it hit back in February.

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Falcon Oil & Gas Ltd, up 33% at 13.40 pence, 12-month range 0.049p-15.00p. The exploration firm, with assets in Australia, South Africa and Hungary, adds to Friday's bumper gains. Falcon's stock more than doubled on Friday after it shared promising results from a log test at its Amungee NW-1H well. Results at the Australian well, located in the Beetaloo sub-basin, showed a normalised gas flow rate equivalent to between 5.2 million and 5.8 million standard cubic feet a day per 1,000 metres of horizontal section. Chief Executive Philip O'Quigley noted gas flows greater than three standard cubic feet per day are needed to demonstrate the commercial potential of the Beetaloo asset.

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Redx Pharma PLC up 36% at 82.50 pence, 12-month range 47.00p-93.75p. The Cheshire-based cancer and fibrosis drug developer rises on the back of Sunday Times on Sunday hailing its "remarkable recovery" since 2017. The newspaper says the stock is "reaping the rewards of its turnaround".

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AIM - LOSERS

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Belvoir Group PLC, down 1.8% at 274.95p, 12-month range 125.02p-325.99p. The estate agent franchise firm, which hit its 12-month high on August 27, has since suffered a four-day losing streak which looks set to be extended to five, despite posting strong interim results. Pretax profit for the six months ended June 30 was GBP4.8 million, up 51% from GBP3.2 million a year previously. The increase was due to the stronger sales market in the period compared to last year, Belvoir said. Interim revenue increased 41% to GBP13.8 million from GBP9.8 million. It raised its interim dividend to 4.0p from 3.4p a year earlier.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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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:

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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

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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.
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FTSE 100 - WINNERS
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WM Morrison Supermarkets, up 4.2%, J Sainsbury, up 2.6%, and

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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

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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

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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.
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FTSE 100 - WINNERS
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InterContinental Hotels Group, up 8%. The company has reported that revenue pe

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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

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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

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1 Nov 2013 12:52

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

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1 Nov 2013 12:00

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

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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

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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

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