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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: 23.25
Bid: 23.00
Ask: 23.50
Change: -2.00 (-7.92%)
Spread: 0.50 (2.174%)
Open: 25.25
High: 24.00
Low: 23.25
Prev. Close: 25.25
UJO Live PriceLast checked at -

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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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14 Nov 2022 16:56

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Union Jack reaches 'landmark' $10m revenue from Wressle

(Sharecast News) - Union Jack Oil announced on Tuesday that "material landmark" net revenues of $10m had been achieved from the Wressle hydrocarbon development, within licences PEDL180 and PEDL182 in North Lincolnshire, on the western margin of the Humber Basin.

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Union Jack Oil reaches USD10 million of revenue from Wressle oilfield

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Reabold Resources and Union Jack Oil shares fall on West Newton report

(Alliance News) - Shares in Reabold Resources PLC and Union Jack Oil PLC slumped on Friday after an update on the West Newton Field concluded that the formation was "very sensitive to aqueous fluids".

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Union Jack hails Wressle's "upside potential" after reserves report

(Alliance News) - Union Jack Oil PLC on Tuesday took confidence from an independent reserves report for its Wressle oilfield asset.

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IN BRIEF: Union Jack Oil shares up as loan facility signed with Europa

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IGas Energy and Union Jack Oil shares jump on fracking announcement

(Alliance News) - Shares in IGas Energy PLC and Union Jack Oil PLC surged following the government's announcement today on the lifting of the moratorium on hydraulic fracking.

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(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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