FTSE 100 ends lower as inflation jump hits consumers
FTSE 100 closed down 11.88, or 0.15%, to 7,499 on Tuesday
Company
LON:88E
88 Energy Ltd is a multi-listed oil and gas exploration and production company with a North American focus. The company has operator exploration and appraisal projects in onshore Alaska and non-operator exploration in onshore Namibia. It has been operating on the North Slope of Alaska since 2015, successfully drilling multiple exploration wells and acquiring extensive seismic data across a large acreage position.
912 stories · page 30 of 46
FTSE 100 closed down 11.88, or 0.15%, to 7,499 on Tuesday
Archive
A summary of news stores on the Proactive Newswire today
The block covers more 5,000 sq km of undrilled deep water acreage
The company said it no longer needs to carry out micro stimulation after gaining enough insights in to the stress profile and pore pressure of the HRZ shale
Archive
Some of the stories that ran on the Proactive newswire today
Some of the main risers and fallers in London at 3.45pm
Icewine-2, which has targeted the potentially prolific HRZ shale, will begin the stimulation phase of the programme in the third week of next month.
Archive
A glance at the small cap stories on the Proactive newswire today
Wireline logging at the well was completed over the weekend,
The pound has given up some of its recent gains, which has helped the internationally-focused firms on the FTSE 100
Archive
A glance at some of the stories on the Proactive newswire...
“US oil production continues to grow and thematically 88E should capture that momentum provided the well results deliver the goods,” WH Ireland said.
A look at some of the biggest London-listed risers and fallers today
88 Energy expects the main stimulation programme to be complete in the third week of June.
The UK blue chip index closed down 18.56 points at 7,503
The Alaska focussed oil and gas junior kicked off the Icewine-2 drilling in late April.
It is anticipated that Icewine-2 will undergo production testing in late June or early July, and Hartleys reckon market expectations are for a result of 100-200 barrels per day.
BP saw its first-quarter profits jump by more than expected, while Shell also put up big numbers.
Archive
A snapshot of the small cap news today on the Proactive newswire
Shares in InnovaDerma and Porta Communications have advanced while shares in Audioboom and Nyota Minerals have fallen