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Pin to quick picksUnion Jack Share News (UJO)

Share Price Information for Union Jack (UJO)

London Stock Exchange
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Share Price: 19.75
Bid: 19.50
Ask: 20.00
Change: -0.25 (-1.25%)
Spread: 0.50 (2.564%)
Open: 20.00
High: 20.00
Low: 19.75
Prev. Close: 20.00
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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.

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AIM - WINNERS

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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.

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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."

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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.

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AIM - LOSERS

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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.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Europa Oil & Gas can sell licence to Union Jack Oil

(ShareCast News) - Europa Oil & Gas' proposed sale of a stake in a North Lincolnshire licence for £600,000 to Union Jack Oil has been approved by the industry regulatory body. The Oil & Gas Authority has approved the sale on a 3.34% interest in the PEDL 180 and 180 licences, which cover the Wressle

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Union Jack Oil raises £0.7m in placing

(ShareCast News) - Union Jack Oil announced on Thursday that it has raised £0.7m before expenses, through a placing of 411,764,706 new ordinary shares of 0.025p at a price of 0.17p per placing share. The AIM-traded firm said the intended proceeds from the placing are to further expand the company'

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Union Jack Oil expects Wressle to have material impact on cash flow

(ShareCast News) - Hydrocarbon developer Union Jack Oil said it remained debt free and was trading satisfactorily following the acquisition of three licenses in the first half of the year. During the six months ended 30 June the company bought three licences, a 7.5% interest in the PEDL143, which in

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Edgon confirms licence extensions and conversions

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Egdon, Union Jack Unveil UK Licence Changes By Oil & Gas Authority

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WINNERS & LOSERS SUMMARY: Inmarsat Shares Up On SpeedCast Partnership

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Union Jack, Egdon Align Interests In Wressle And Broughton North Sites

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Union Jack Oil Joins String Of AIM Companies On Holmwood Prospect

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Union Jack Oil looks to Wressle production in second half

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Union Jack Hopes To Start Wressle Production In Second Half Of 2016

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