Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPetroTal Share News (PTAL)

Share Price Information for PetroTal (PTAL)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 43.25
Bid: 42.50
Ask: 44.00
Change: 0.25 (0.58%)
Spread: 1.50 (3.529%)
Open: 43.25
High: 43.25
Low: 42.75
Prev. Close: 43.00
PTAL 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: PetroTal revenue surges; IOG cuts guidance

Thu, 25th Aug 2022 11:19

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

----------

AIM - WINNERS

----------

Angus Energy PLC, up 22% at 1.53p, 12-month range 0.56p-1.65p. The oil and gas development company says it has introduced and processed well head gas throughout the combined extraction and condensate processing facility at Saltfleetby gas field in Lincolnshire, England. Angus says it will make nominations for gas sales once it sees stable flow, uninterrupted by electronic trips, for an extended period of time - being not less than eight hours continuous flow. Angus believes this will occur before the end of August.

----------

PetroTal Corp, up 16% at 48.20 pence, 12-month range 0.14p-49.00p. The oil and gas firm's crude oil revenue jumps in the first half of 2022, boosted by high growth in oil prices. For the six months ended June 30, net income more than triples to USD148.8 million from USD42.2 million a year prior. Crude oil revenue surges to USD211.2 million from USD75.2 million. The firm - focused on oil assets in Peru - says it realised an average Brent price of USD101.54 per barrel, an increase of 58% from USD64.28 a year ago. Looking ahead, it is guiding a 2022 average production of 15,000 barrels of oil per day, up 67% from 8,966 in 2021.

----------

AIM - LOSERS

----------

IOG PLC, down 18% at 32.28p, 12-month range 20.59p-46.00p. The North Sea-focused gas and infrastructure operator increases profit in the first half to 2022 as energy prices rise, but lowers production guidance for the Southwark gas field. Pretax profit in the six months to June 30 surges to GBP11.4 million from GBP209,000 a year ago. IOG reduces its gross production guidance for the second half of 2022 to 30 million to 50 million standard cubic feet per day from 45 million to 60 million on June 20 to "account for a range of planned and unplanned downtime scenarios as well as potential variation in Southwark first gas timing," referring to its gas field in the North Sea.

----------

Greatland Gold PLC, down 8.7% at 8.49p, 12-month range 8.10p-23.00p. The gold miner says it has raised USD35 million via an "oversubscribed" placing of 362.9 million shares at 8.20p each. On Wednesday, the London-headquartered mine developer and explorer focused on Western Australia announced a placing to raise USD30 million. The issue price represents a 13% discount to the firm's closing price on Wednesday. Greatland on Wednesday, said it intends to use the proceeds to fund the continued development of Havieron in conjunction with joint venture partner, Newcrest Mining Ltd.

----------

By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
7 Apr 2021 12:31

TRADING UPDATES: IGas and Tasty post full-year revenue declines

TRADING UPDATES: IGas and Tasty post full-year revenue declines

Read more
24 Feb 2021 16:01

IN BRIEF: PetroTal Increases Reserve Estimates For Bretana Oil Field

IN BRIEF: PetroTal Increases Reserve Estimates For Bretana Oil Field

Read more
18 Feb 2021 19:20

TRADING UPDATES: Oxford Metrics Trades In Line; Horizonte In Fundraise

TRADING UPDATES: Oxford Metrics Trades In Line; Horizonte In Fundraise

Read more
17 Feb 2021 12:00

IN BRIEF: PetroTal Completes Issue Of USD100 Million Senior Bonds

IN BRIEF: PetroTal Completes Issue Of USD100 Million Senior Bonds

Read more
17 Feb 2021 11:12

PetroTal issues $100m senior bond

(Sharecast News) - PetroTal announced the issue of the $100m senior secured bonds on Wednesday, having initially announced the bonds on 2 February.

Read more
2 Feb 2021 11:19

AIM WINNERS & LOSERS: Power Metal And Red Rock Gain On Licence Grant

AIM WINNERS & LOSERS: Power Metal And Red Rock Gain On Licence Grant

Read more
2 Feb 2021 09:52

PetroTal Shares Climb On Completion Of Placement Of Bond Issue

PetroTal Shares Climb On Completion Of Placement Of Bond Issue

Read more
25 Jan 2021 19:18

TRADING UPDATES: Intuitive Plots GBP250,000 Investment In Microsaic

TRADING UPDATES: Intuitive Plots GBP250,000 Investment In Microsaic

Read more
19 Jan 2021 21:46

IN BRIEF: PetroTal Further Extends Oil Sales Contract With Petroperu

IN BRIEF: PetroTal Further Extends Oil Sales Contract With Petroperu

Read more
12 Jan 2021 11:15

Petrotal Ramps Up Oil Production; Confirms Second Shipment Via Brazil

Petrotal Ramps Up Oil Production; Confirms Second Shipment Via Brazil

Read more
7 Jan 2021 17:08

IN BRIEF: PetroTal Records Higher Annual Oil Production At Bretana

IN BRIEF: PetroTal Records Higher Annual Oil Production At Bretana

Read more
7 Jan 2021 15:45

PetroTal production ramping up at Bretana after pipeline restart

(Sharecast News) - PetroTal said on Thursday that, following the restart of operations of Petroperu's Northern Oil Pipeline (ONP), oil production at the Bretana oil field was currently 9,500 barrels per day, and was expected to reach 10,000 barrels per day in the coming days.

Read more
30 Dec 2020 14:24

IN BRIEF: PetroTal Finishes First Bretana Oil Export Sale With Novum

IN BRIEF: PetroTal Finishes First Bretana Oil Export Sale With Novum

Read more
29 Dec 2020 19:04

IN BRIEF: PetroTal Recommences Saramuro Oil Deliveries

IN BRIEF: PetroTal Recommences Saramuro Oil Deliveries

Read more
14 Dec 2020 13:41

IN BRIEF: Gran Tierra Resources Sells 27% PetroTal Stake To Remus

IN BRIEF: Gran Tierra Resources Sells 27% PetroTal Stake To Remus

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.