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Pin to quick picksUnion Jack Share News (UJO)

Share Price Information for Union Jack (UJO)

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Share Price: 21.50
Bid: 21.00
Ask: 22.00
Change: -1.00 (-4.44%)
Spread: 1.00 (4.762%)
Open: 22.25
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AIM WINNERS & LOSERS: Zoltav falls amid warning over future on AIM

Mon, 04th Oct 2021 10:58

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

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AIM - WINNERS

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Aura Energy Ltd, up 20% at 13.36 pence, 12-month change 2.13p-23p. Trading on Australian Securities Exchange halted pending release of an announcement relating to "finalisation of an offtake agreement". Share trading on AIM continues.

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Falanx Group Ltd, up 19% at 1.25p, 12-month range 0.51p-2.0p. Launches new cyber security assessment tool, Falanx: Cyber Exposure Level. It is sold on a subscription basis and is expected to generate "high quality" recurring revenue. "Various large channel partners have already expressed their interest in deploying this into their customer bases. Consequently, the board believes that there is potential for growth, not only from sales of f:CEL itself, but also through incremental follow-on sales of cyber security services such as monitoring and penetration testing," it says.

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Reabold Resources PLC, up 16% at 0.221p, 12-month range 0.15p-0.87p. Extends gains after 19% rally on Friday. Planning permission has been refused to enlarge its oil and gas drilling site in Yorkshire, but operator Rathlin Energy UK Ltd believes there is "strong basis for a successful appeal". The East Riding of Yorkshire Council Planning Committee rejected an application for the West Newton A well site expansion, which was refused by a narrow margin. Reabold holds a majority interest in Rathlin, the operator of the asset and majority shareholder in the project. Union Jack Oil also holds a minority stake. Union Jack shares are down 2.0%, having lost 1.9% on Friday.

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AIM - LOSERS

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Zoltav Resources Inc, down 31% at 23.55p, 12-month range 15p-60.99p. The Russia-focused oil and gas company says subsidiary Diall Alliance LLC enters into two non-revolving credit facilities with PJSC Sberbank of Russia. Financing has conditions restricting intra group transfers and cash outflows from Zoltav's main operating subsidiary, Diall. As such, says it needs to cut costs and it may be "challenging" to maintain its licence obligations with regards to the Koltogor Licences, its offshore corporate structure, and the listing of shares on AIM. "The board and management will conduct a thorough and comprehensive analysis of alternative options...However, given the company has for some time been unable to attract either public or bank finance, it is likely that the company will be unable to maintain the listing of its ordinary shares on AIM beyond the next few months," it says.

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Quadrise Fuels International PLC, down 10% at 3.55p, 12-month range 1.61p-6.66p. For financial year to June 30, the residual oil technology licensor records revenue of GBP17,000 versus none a year before, while pretax loss slims to GBP4.4 million from GBP5.0 million. Says that it has the resources in place to reach forecast sustainable commercial revenue in the first quarter of 2023. Anne Crow, director at Edison Group, notes that management's estimated timescale for commercial revenue has "slipped from July 2022 to CY Q123".

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Egdon Resources Say Biscathorpe-2 Well Did Not Meet Expectations

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Egdon Resources Files Appeal Over Planning Denial At Wressle Field

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Union Jack And Egdon Pleased As Wressle Planning Permission Extended

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Egdon Resources Exploration Director To Join Company's Board

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Egdon Resources, Union Jack Begin Drilling Operations At Biscathorpe-2

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Union Jack, Egdon Resources Expect To Complete Biscathorpe In February

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Union Jack completes farm-in at PEDL183

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Union Jack Oil Completes Farm-In For PEDL183 Licence, Shares Rise

LONDON (Alliance News) - Union Jack Oil PLC on Monday said it completed a farm-in agreement with Rathlin Energy UK Ltd for a 16.7% interest in PEDL183, following approval from the Oil & Gas on

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22 Nov 2018 10:59

Egdon Resources' Wressle Planning Application Recommended For Approval

LONDON (Alliance News) - Egdon Resources PLC on Thursday said the planning consent application for its Wressle oil discovery in North Yorkshire has been recommended for approval.Shares in a

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Reabold Resources Buys Stake In Rathlin As Union Jack Joins Licence

LONDON (Alliance News) - Reabold Resources PLC said Monday it has signed a subscription agreement with Connaught Oil & Gas Ltd subsidiary Rathlin Energy UK Ltd,for GBP3 million for an equity a

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