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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: 23.50
Bid: 23.00
Ask: 24.00
Change: 0.25 (1.08%)
Spread: 1.00 (4.348%)
Open: 23.25
High: 23.50
Low: 23.25
Prev. Close: 23.25
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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.

More News
14 Nov 2022 16:56

Union Jack Oil continues to see benefit from Wressle oilfield

(Alliance News) - Union Jack Oil PLC on Monday said its revenue has increased dramatically over the course of the year as it continued to benefit from the recommencement of production at the Wressle oil field.

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14 Nov 2022 16:48

Union Jack reaches $11m revenue from Wressle since restart

(Sharecast News) - Union Jack Oil announced on Monday that material landmark net revenues of $11m had been achieved from the Wressle hydrocarbon development, in licences PEDL180 and PEDL182, on the western margin of the Humber Basin in North Lincolnshire.

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8 Nov 2022 14:42

TRADING UPDATES: Argentex interim profit grows; Egdon swings to profit

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

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24 Oct 2022 10:45

AIM WINNERS & LOSERS: Union Jack declares payout; Aferian revenue down

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

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24 Oct 2022 10:19

Union Jack Oil shares surge on buyback and dividend announcement

(Alliance News) - Union Jack Oil PLC on Monday declared its first special dividend and announced a share buyback programme as its financial position has been "transformed" over the course of the year.

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19 Oct 2022 16:41

TRADING UPDATES: Smiths News, Cambridge Cognition win contracts

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

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19 Oct 2022 13:06

Europa Oil repays £1m loan from Union Jack

(Sharecast News) - Hydrocarbon explorer and developer Union Jack Oil said on Wednesday that Europa Oil & Gas has repaid the loan facility entered into in September.

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4 Oct 2022 13:49

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.

Read more
4 Oct 2022 11:48

Union Jack Oil reaches USD10 million of revenue from Wressle oilfield

(Alliance News) - Union Jack Oil PLC on Tuesday said it had reached USD10 million of revenue from the Wressle oil field.

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23 Sep 2022 11:28

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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13 Sep 2022 12:25

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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13 Sep 2022 10:58

AIM WINNERS & LOSERS: Fevertree bubbles; Transense in Meggitt pact

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

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9 Sep 2022 11:27

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

Union Jack Oil PLC - Bath-based UK-focused oil and gas company - Signs a loan facility with Europa Oil & Gas PLC for GBP1.0 million. Says the loan facility offers an "attractive commercial return to Union Jack on cash funds". Under the pact, the loan has an 18-month term, secured against an unencumbered 10% interest in the Wressle field, located within licences PEDL180 and PEDL182 in North Lincolnshire on the western margin of the Humber Basin. Union Jack holds a 40% interest in the development, whilst joint venture partner Europa holds a 30% stake.

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8 Sep 2022 16:57

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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7 Sep 2022 11:21

EARNINGS UPDATES: Maiden Union Jack Oil profit; Kistos revenue jumps

(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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