George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksUnion Jack Share News (UJO)

Share Price Information for Union Jack (UJO)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 23.25
Bid: 23.00
Ask: 23.50
Change: 0.00 (0.00%)
Spread: 0.50 (2.174%)
Open: 23.25
High: 23.25
Low: 23.25
Prev. Close: 23.25
UJO 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: Hurricane Energy shares rise on swing to profit

Thu, 14th Oct 2021 10:49

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

----------

AIM - WINNERS

----------

Oracle Power PLC, up 31% at 0.48 pence, 12-month range 0.3p-0.75p. Receives conversion notice in respect of the final GBP200,000 of GBP1.5 million share subscription announced in July. Following this conversion notice, share subscription agreement has been settled in full.

----------

Hurricane Energy PLC, up 13% at 4.65p, 12-month range 0.59p-5.43p. Swings to pretax profit of USD42.9 million for first half of 2021 from loss of USD258.5 million a year prior. Improvement driven by a USD49.1 million gain on revision of lease term, while it records no hit from oil and gas assets impairment after blow of USD238.9 million a year ago. Chief Executive Antony Maris says: "Recent stronger oil prices combined with the impact of the bond buyback, internal cost cutting, and other cost reduction measures, has brought the possibility of bridging the funding gap for the repayment of the bonds within reach. However, the challenge of funding investment in our assets remains."

----------

Tekcapital PLC, up 9.8% at 30.2p, 12-month range 8p-34p. Notes US Food & Drug Administration releases voluntary sodium reduction goals for the food industry, which it sees as a positive for Salarius's business-to-business sales of MicroSalt and retail sales of SaltMe! crisps. Tekcapital owns 97% of Salarius Ltd and 87% of MicroSalt Inc, its US subsidiary. MicroSalt's patented sodium microparticle creates a salt taste with around half the sodium. "MicroSalt as a brand could be viewed as a timely, nationwide solution, to help food companies meet these guidelines without sacrificing the full-flavour of their snack foods, which is key to their successful on-going sales," notes Tekcapital.

----------

AIM - LOSERS

----------

Reabold Resources, down 7.3% at 0.16p, 12-month range 0.15p-0.87p. Extends losses after 15% fall on Wednesday. On Wednesday says: "Gas and light oil/condensate were recovered to surface from the WNA-2 and WNB-1z wells, although sustained flow rates were not achieved, and multiple samples have been gathered for geochemical analysis which is currently underway." Reabold holds 56% interest in West Newton field and 16.7% direct licence interest in PEDL183 which contains West Newton A-1 discovery well and WNA-2 appraisal well. Shares in Union Jack, which has 16.7% interest in licence, falls 4.9% on Thursday after 6.4% decline on Wednesday.

----------

By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
14 Sep 2020 11:26

Union Jack Oil Interim Loss Worsens But Pleased With Project Progress

Union Jack Oil Interim Loss Worsens But Pleased With Project Progress

Read more
10 Sep 2020 16:01

UK TRADING UPDATE SUMMARY: Prime People Hurt As Covid Hits Job Market

UK TRADING UPDATE SUMMARY: Prime People Hurt As Covid Hits Job Market

Read more
7 Sep 2020 18:29

IN BRIEF: Union Jack And Egdon Get North Kelsey Planning Boost

IN BRIEF: Union Jack And Egdon Get North Kelsey Planning Boost

Read more
26 Aug 2020 13:59

IN BRIEF: Settlement Proceeds Received Note Edgon And Union Jack

IN BRIEF: Settlement Proceeds Received Note Edgon And Union Jack

Read more
20 Aug 2020 18:17

IN BRIEF: Union Jack And Reabold Seek New West Newton Sites

IN BRIEF: Union Jack And Reabold Seek New West Newton Sites

Read more
18 Aug 2020 18:29

IN BRIEF: Union, Reabold Expects Drilling To Begin At West Newton B

IN BRIEF: Union, Reabold Expects Drilling To Begin At West Newton B

Read more
3 Aug 2020 18:22

UK TRADING UPDATE SUMMARY: Tiziana Offering to Raise GBP57 Million

UK TRADING UPDATE SUMMARY: Tiziana Offering to Raise GBP57 Million

Read more
28 Jul 2020 15:35

Union Jack shares rise as OGA approves Biscathorpe acquisition

(Sharecast News) - UK-focussed onshore exploration and development company Union Jack Oil announced on Tuesday that the Oil and Gas Authority has approved its acquisition of a further 3% interest in PEDL253, containing the Biscathorpe Prospect, from Montrose Industries.

Read more
28 Jul 2020 15:32

IN BRIEF: Union Jack Oil Says UK Regulator Green Lights PEDL253 Deal

IN BRIEF: Union Jack Oil Says UK Regulator Green Lights PEDL253 Deal

Read more
13 Jul 2020 13:57

DIRECTOR DEALINGS: Union Jack Oil Executive Director Buys 11.1 Million Shares

DIRECTOR DEALINGS: Union Jack Oil Executive Director Buys 11.1 Million Shares

Read more
24 Jun 2020 13:04

IN BRIEF: Union Jack Forks Out GBP115,000 For Extra 3% Of PEDL253

IN BRIEF: Union Jack Forks Out GBP115,000 For Extra 3% Of PEDL253

Read more
24 Jun 2020 13:04

IN BRIEF: Union Jack Forks Out GBP115,000 For Extra 3% Of PEDL253

IN BRIEF: Union Jack Forks Out GBP115,000 For Extra 3% Of PEDL253

Read more
24 Jun 2020 11:56

Union Jack buying another 3pc of Biscathorpe project

(Sharecast News) - UK-focussed onshore hydrocarbon production, development and exploration company Union Jack Oil announced the acquisition of a further 3% of PEDL253 on Wednesday, containing the Biscathorpe project, as well as the signing of a "legally binding and confidential" settlement agreement between Egdon Resources UK and Humber Oil & Gas.

Read more
16 Jun 2020 11:45

REPEAT: Union Jack And Reabold Celebrate West Newton's Low Carbon

REPEAT: Union Jack And Reabold Celebrate West Newton's Low Carbon

Read more
16 Jun 2020 11:43

Union Jack And Reabold Celebrate West Newton's Low Carbon Footprint

Union Jack And Reabold Celebrate West Newton's Low Carbon Footprint

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.