Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. 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: 24.00
Bid: 23.00
Ask: 25.00
Change: 0.50 (2.08%)
Spread: 2.00 (8.696%)
Open: 24.00
High: 24.50
Low: 24.50
Prev. Close: 24.00
UJO Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TRADING UPDATES: Duke expects revenue rise; SIMEC gets EL deal payment

Thu, 28th Mar 2024 14:14

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

----------

Union Jack Oil PLC - Bath-based UK- and US-focused oil and gas company - Says Andrews-1-17 well in

the West Bowlegs prospect, located in Seminole County, Oklahoma, has spudded. Union Jack Oil has a 45% working interest in the well. Says that the Andrews-1-17 well has a geological chance of success of 75%. Adds that it expects a 10-day drilling period to a depth of 5,200 feet for the well.

----------

SIMEC Atlantis Energy Ltd - Energy company focused on tidal energy - Receives its first GBP5 million milestone payment under its agreement with EL (Uskmouth) Ltd, a subsidiary of FPC Electric Land. In December, SAE announced that it had agreed to sell the freehold land owned by SAE to EL, for a milestone-linked total gross cash consideration of GBP9.8m million. The freehold land sold to EL is limited to the land used by Quinbrook Infrastructure Partners, for their 230-megawatt battery energy storage system at SAE's Uskmouth Sustainable Energy Park. With the achievement of this first milestone and the payment of GBP5 million to SAE, EL has now taken ownership of this land. SAE Chief Executive Officer Graham Reid comments: "This is another milestone hit and demonstrates how we secure value for our business and shareholders. We have the knowledge, skills and a fantastic site to deliver an exciting pipeline of projects that are expected to provide revenue for the business and increased value for our shareholders in the long term. This experience and knowledge can also provide a platform for future growth, and it's a truly exciting time at SAE."

----------

VH Global Sustainable Energy Opportunities PLC - London-based investor in energy infrastructure - Says it will buy and build two solar and storage hybrid sites in Australia for GBP16.9 million. The battery energy storage systems are located in New South Wales, it says.

----------

Hummingbird Resources PLC - gold producer with operations in Mali, Guinea and Liberia - Seeks to address suspension of activities at the Kouroussa gold mine in Guinea by Corica Mining Services. This comes after Corica accused Hummingbird last week of "substantial breaches" of contract, including failure to pay for its work at Kouroussa. Hummingbird had said Corica's actions were "a clear breach of the mining contract", and alleged that Corica "failed to meet mining contract volumes due to delays in mining equipment mobilisation, commissioning, and overall operating performance". Now says that it is in discussions to restart operations as soon as possible, but notes that reduced mining activity will result in commercial production being delayed.

----------

Duke Capital Ltd - Guernsey-based provider of royalty finance to companies in the UK and Europe - Says recurring revenue in the third quarter of its financial year ending March 31 reached a record of GBP6.3 million, an increase of 12% from RR of GBP5.6 million in the third quarter of financial 2023. Total cash revenue was also GBP6.3 million, up 89% from GBP5.6 million the year before. Duke Capital currently forecasts cash revenue of GBP10.2 million for the final quarter of financial 2024, which would be an increase from GBP5.8 million.

----------

Blue Star Capital PLC - London-based investment company focused on the esports and new technologies sectors - Notes Pendulum announcement that Spacewalk is now live on its network. Pendulum is a company incubated by Blue Star's investee company SatoshiPay. Blue Star holds a 27.9% stake in SatoshiPay, and SatoshiPay has an interest of 5.5% of Pendulum's future PEN tokens. Spacewalk is a "trust-minimised decentralised bridge between the Polkadot and Stellar ecosystems, enabling efficient transfers of fiat-backed stablecoins and cryptocurrencies, and serves as a critical link that allows the Pendulum chain to leverage the vast array of fiat-backed stable tokens available on the Stellar blockchain, paving the way for the development of a fiat-based decentralised finance ecosystem."

----------

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. 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.

Read more
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.

Read more
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:

Read more
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.

Read more
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.

Read more
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:

Read more
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.

Read more
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.

Read more
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".

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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:

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.