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Pin to quick picksUk Oil & Gas Share News (UKOG)

Share Price Information for Uk Oil & Gas (UKOG)

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Share Price: 0.029
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Change: 0.0005 (1.75%)
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AIM WINNERS & LOSERS: Getech falls on revenue warning; Arkle rises

Fri, 15th Dec 2023 10:49

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

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AIM - WINNERS

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UK Oil & Gas PLC, up 17% at 0.027 pence, 12-month range 0.020p-0.13p. The exploration and production company says that all required explosives permits for the deployment of the new seven-inch perforating guns have now finally been secured. The equipment is thus fully ready to be transported to site. UK Oil & Gas says it is now liaising with the operator AME to schedule a firm date for the resumption of testing operations.

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Arkle Resources PLC, up 8.6% to 0.38p, 12-month range 0.24p-0.75p. The exploration company says it has been awarded two exploration licences in the Makgadikgadi salt pans in north-eastern Botswana. licences PL 075/2023 and PL 0148/2023 were awarded to prospect for lithium in the salt pans. The licences cover 312 and 525 square kilometres respectively in size. "We now have three lithium exploration projects, one in Ireland, one in Zimbabwe, both hard rock, and now in Botswana which is a lithium brines project," says Chair John Teeling. "Initial work will focus on analysis of the very limited exploration data, followed by prospecting to identify targets for drilling."

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AIM - LOSERS

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Getech Group PLC, down 27% at 5.30p, 12-month range 5.02p-18.10p. The geo-energy and green hydrogen company says its client base, 85% of which is based outside of the UK, has been showing a "growing level of caution" due to economic and geopolitical instability. Getech says this has pushed a number of projects initially expected to begin before the end of 2023 into 2024. As a result, Getech has warned that sales for the full year are not expected to surpass GBP4.4 million, down 14% from GBP5.1 million in 2022.

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XLMedia PLC, down 14% at 6.34p, 12-month range 5.86p-24.75p. Shares in the London-based global digital media company fall, after announcing that revenue for 2023 would fall shy of previous years. It says that a "change in the revenue profile" of its north-American activities had been caused by, among other things, the exit of XLMedia's major partner Barstool from the market. The group's revenue for the full year is now expected in the range of USD50.0 to USD52.0 million, down from USD71.8 million in 2022. The group also predicted adjusted earnings before interest, tax, depreciation and amortisation of USD12 million to USD14 million, down from USD17.8 million in 2022.

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By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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30 May 2022 18:29

TRADING UPDATES: UKOG signs lease; Alien Metals to buy Vivash Gorge

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

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30 May 2022 13:15

UK Oil & Gas signs agreement to lease for Dorset gas storage

(Sharecast News) - UK Oil & Gas announced on Monday that its wholly-owned subsidiary UK Energy Storage (UKEn) has signed an agreement to lease with Portland Port, covering two sites at the former Royal Navy port in Dorset.

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20 May 2022 13:30

UKOG gets two-year planning extension to Broadford Bridge discovery

(Sharecast News) - UK Oil & Gas announced on Friday that the West Sussex County Council has approved, by a 7-2 majority vote, a two-year planning extension to its Broadford Bridge-1z (BB-1z) Kimmeridge oil discovery.

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20 May 2022 11:20

IN BRIEF: UK Oil & Gas rises on West Sussex Broadford Bridge approval

UK Oil & Gas PLC - London-based exploration and production company focused on UK and Turkey - West Sussex County Council approves 2-year planning permission extension to the Broadford Bridge-1z Kimmeridge oil discovery, which is in its 100%-owned PEDL234 licence.

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16 May 2022 18:07

IN BRIEF: UK Oil & Gas wins approval to convert HH-2z into water well

UK Oil & Gas PLC - London-based exploration and production company focused on UK and Turkey - North Sea Transition Authority grants formal consent for the re-completion of Horse Hill-2z into a water reinjection well.

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16 May 2022 13:36

UKOG gets consent to recomplete Horse Hill-2z well

(Sharecast News) - UK Oil & Gas announced on Monday that, following the Environment Agency's Horse Hill production consent on 4 May, the North Sea Transition Authority - formerly the Oil and Gas Authority - has now granted its formal consent for the recompletion of Horse Hill-2z into a water reinjection well.

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13 May 2022 15:42

UKOG gets one-year extension to Horse Hill work programme

(Sharecast News) - UK Oil & Gas announced on Friday that the North Sea Transition Authority, formerly the Oil and Gas Authority, has granted a one-year extension to the agreed retention area work programme on the Horse Hill oil field.

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13 May 2022 13:51

IN BRIEF: UK Oil & Gas and Alba get extension for work at Horse Hill

UK Oil & Gas PLC - London-based exploration and production company focused on UK and Turkey - North Sea Transition Authority grants one-year extension for work programme at PEDL137 licence, which contains the producing Horse Hill oil field. The extension allows UKOG to drill a second well at Horse Hill's Kimmeridge oil pool, with work scheduled to begin before September 2023. UKOG owns an 86% stake in Horse Hill, and is the operator, with a 12% stake held by Alba Mineral Resources PLC. Horse Hill is an oil project near Gatwick Airport in southern England. In May, UKOG won a full production permit for the field.

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13 May 2022 07:53

LONDON MARKET PRE-OPEN: ContourGlobal ahead; Amigo scheme closer

(Alliance News) - Stocks in London were called sharply higher on Friday, helped by a positive session in Asia, as equity markets look to rebound from Thursday's bloodbath.

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5 May 2022 13:21

IN BRIEF: UKOG shares rocket on environment permit win for Horse Hill

UK Oil & Gas PLC - London-based oil and gas company - Wins full production permit for its Horse Hill field from the UK Environment Agency. The project is 86% owned by UKOG, with a 12% stake held by Alba Mineral Resources PLC. The permit enables production and water re-injection operations, incineration of waste gas, maintenance and workovers, and the drilling of further development wells. Horse Hill is an oil project near Gatwick Airport in southern England. UKOG can now proceed with its plants to convert HH-2z into a water injector over the year, which would eliminate the requirement to take saline formation water from remote third-party sites, reducing costs.

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5 May 2022 12:23

UK Oil & Gas gets production permit for Horse Hill after 31 months

(Sharecast News) - UK Oil & Gas announced on Thursday that the Environment Agency has granted its 85.635%-owned Horse Hill oil field a full production permit.

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5 May 2022 11:22

AIM WINNERS & LOSERS: UKOG, Alba up on permit from Environment Agency

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

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20 Apr 2022 20:40

TRADING UPDATES: SolGold hails Cascabel; President Energy upbeat

(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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25 Mar 2022 13:21

EARNINGS UPDATES: Everyman revenue doubles; Aeorema in interim profit

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

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11 Mar 2022 12:12

TRADING UPDATES: Secure Trust sells debt assets; new Brickability JV

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

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