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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: 16.75
Bid: 16.50
Ask: 17.00
Change: -0.75 (-4.29%)
Spread: 0.50 (3.03%)
Open: 17.50
High: 17.50
Low: 16.75
Prev. Close: 17.50
UJO Live PriceLast checked at -

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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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5 Mar 2018 14:01

Union Jack Oil Partners With Humber And Raises GBP1.3 Million (ALLISS)

LONDON (Alliance News) - Union Jack Oil PLC said on Monday it has agreed terms on a proposed farm-in for an additional 10% licence interest in PEDL253 in the South Humber in a

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11 Jan 2017 16:50

UPDATE: Egdon, Union Jack And Upland Hit By Wressle Consent Refusal

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11 Jan 2017 16:22

North Lincolnshire council refuses planning consent for Wressle oil field

(ShareCast News) - Shares in Egdon Resources and Union Jack Oil tumbled after the North Lincolnshire County Council's refused planning consent for the development of the Wressle oil field in North Lincolnshire. The planning committee also approved the application for the installation of groundwater

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22 Nov 2016 09:53

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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27 Sep 2016 09:19

Union Jack Oil Increases Stake In PEDL180, PEDL182 To 11.7%

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22 Sep 2016 10:47

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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5 Sep 2016 10:28

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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4 Jul 2016 10:37

Edgon confirms licence extensions and conversions

(ShareCast News) - Egdon Resources announced on Monday that the Oil and Gas Authority approved various licence extensions and conversions of licences to new model terms, as well as the relinquishment of one Egdon-operated licence. The AIM-traded firm confirmed that the first term of licence P1929 in

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4 Jul 2016 08:37

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

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27 Jun 2016 07:31

AIM Partnership Sees "One In Three Chance Of Success" At Holmwood

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13 Jun 2016 09:25

WINNERS & LOSERS SUMMARY: Inmarsat Shares Up On SpeedCast Partnership

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13 Jun 2016 08:38

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

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23 May 2016 06:47

Union Jack Oil Joins String Of AIM Companies On Holmwood Prospect

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16 May 2016 13:02

Union Jack Oil looks to Wressle production in second half

(ShareCast News) - Union Jack Oil said the Wressle oil and gas discovery in Lincolnshire is moving closer to development with a view to beginning commercial production in the second half. The company, which today widened its full year pretax loss to £0.59m from a loss of £0.55m, has an 8.33% interes

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16 May 2016 08:36

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

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