Urals Energy jumps on plans for Russian assets
Some of the largest rises and falls in London at 15:45pm: Urals Energy, Acacia Mining, Vela Technologies
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.
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Some of the largest rises and falls in London at 15:45pm: Urals Energy, Acacia Mining, Vela Technologies
The share placing was oversubscribed and 88 Energy is now issuing 459mln new shares at a price of 3.7 Australian cents (equivalent to 2.3p).
The FTSE 100 was down 32 points to 7,342 shortly after 3.15pm on Monday
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The week ended with explorer Angus Energy updating on the Brockham well
Some of the largest rises and falls in London at 3.20pm included Wey Education, Rosslyn Data Technologies, Thor Mining
It is selling new shares to investors ahead of the potentially high impact Icewine-2 appraisal well in Alaska, which aims to prove the commerciality of a new shale discovery.
FTSE 100 stocks ends flat on Thursday after falling back from a fresh record high as shares in outsourcing group Capita slumped 9%
Managing director Dave Wall told Proactive Investors that the spud date for Icewine 2 is anticipated in April.
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A look at the world of junior oil and gas stocks this week
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A glance at some of the stories on the Proactive newswire today.
“We suggest keeping a close eye on this well given the massive landholding of the company" says WH Ireland.
The main risers and fallers around 2.45pm included Metal Tiger, CloudTag, Laura Ashley ...
“The Arctic Fox is one of the premier rigs on the North Slope and will be coming to us 'warm' off its current job, which has several significant benefits."
Investments and investor services
FTSE 100 shares closed lower, dragged down by weaker US stocks and a flurry of ex-dividend stocks in London
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A look at the junior oil and gas market news this week
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A glance at some of the stories on the Proactive newswire today.
Icewine-2 aims to test the production potential of the HRZ shale discovery on Alaska's North Slope, and drilling starts later in this quarter.
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88 Energy now sees 1.5bn barrels of conventional oil resources in Alaska, while SDX Energy has snapped up Circle Oil’s Egypt and Morocco assets
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A glance at some of the stories on the Proactive newswire today.