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: -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 -

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
1 Mar 2021 15:34

TRADING UPDATES: 1Spatial expects full-year results ahead of forecasts

TRADING UPDATES: 1Spatial expects full-year results ahead of forecasts

Read more
1 Feb 2021 11:07

Egdon, Europa Oil And Union Jack Report Oil Flow At Wressle Oil Field

Egdon, Europa Oil And Union Jack Report Oil Flow At Wressle Oil Field

Read more
22 Jan 2021 15:00

Union Jack Oil And Reabold Note Progress For West Newton Well Site

Union Jack Oil And Reabold Note Progress For West Newton Well Site

Read more
18 Jan 2021 13:15

IN BRIEF: Union Jack Oil Buys Further 15% Interest In Biscathorpe

IN BRIEF: Union Jack Oil Buys Further 15% Interest In Biscathorpe

Read more
11 Jan 2021 11:20

Europa Oil, Egdon And Union Jack Tip First Wressle Oil By End Of Month

Europa Oil, Egdon And Union Jack Tip First Wressle Oil By End Of Month

Read more
11 Dec 2020 22:00

IN BRIEF: Union Jack Oil Notes Positive West Newton Drilling Results

IN BRIEF: Union Jack Oil Notes Positive West Newton Drilling Results

Read more
26 Nov 2020 15:50

UK DIRECTOR DEALINGS SUMMARY: Incoming Compass Chair Spends GBP800,000

UK DIRECTOR DEALINGS SUMMARY: Incoming Compass Chair Spends GBP800,000

Read more
26 Nov 2020 12:55

Union Jack, Europa, And Egdon Defer Wressle Workover; Announce Loan

Union Jack, Europa, And Egdon Defer Wressle Workover; Announce Loan

Read more
23 Nov 2020 15:12

Union Jack And Reabold Resources Commence Side-Track At Yorkshire Well

Union Jack And Reabold Resources Commence Side-Track At Yorkshire Well

Read more
10 Nov 2020 17:40

UK TRADING UPDATE SUMMARY: Newly-Listed Wheaton Reports Bumper Quarter

UK TRADING UPDATE SUMMARY: Newly-Listed Wheaton Reports Bumper Quarter

Read more
14 Oct 2020 15:02

Union Jack Snaps Up Extra 30% North Kelsey Stake From Egdon

Union Jack Snaps Up Extra 30% North Kelsey Stake From Egdon

Read more
14 Oct 2020 12:42

Union Jack buys another 30pc of North Kelsey from Egdon

(Sharecast News) - Union Jack Oil announced on Wednesday a further 30% acquisition of licence PEDL241 containing the conventional, drill-ready, North Kelsey Prospect, as well as the alignment of its equity interests in that licence with Egdon Resources UK and to jointly pursue a farmout for the drilling of the North Kelsey-1 exploration well.

Read more
5 Oct 2020 14:25

Union Jack, Reabold Report Next Step Of Drilling At West Newton

Union Jack, Reabold Report Next Step Of Drilling At West Newton

Read more
22 Sep 2020 21:14

Reabold, Union Jack Note Rathlin's Progress At West Newton

Reabold, Union Jack Note Rathlin's Progress At West Newton

Read more
17 Sep 2020 15:53

IN BRIEF: Union Jack Oil Raises GBP7 Million From Placing

IN BRIEF: Union Jack Oil Raises GBP7 Million From Placing

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.