FTSE 100 Index rings up gains amid Vodafone cheer
The FTSE 100 Index gained 29.16 points to about 6181 by lunchtime
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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The FTSE 100 Index gained 29.16 points to about 6181 by lunchtime
There is a glitch in the Matrix: two companies have placed shares and seen their share prices surge.
The blue chip index is up around 54 points at the time of writing to 6,205, with miners doing well
The share purchase follows 88 Energy's apparent breakthrough success with a shale discovery in Alaska.
Archive
A round up of all this week's mining news from Proactive.
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88 Energy said it expects to see “better coverage, resolution and fold at depth” for the proposed location of the upcoming Icewine-2H well.
Archive
A summary of small cap oil and gas company news released in the past week
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Next quarter will see the appraisal and evaluation of the results so far ahad of its second exploration well.
88Energy funding inundated with demand, African Potash shares slump and Andes Energia confirms production volumes.
Main share price risers and fallers trading in London today
88 Energy told investors that trading in its Australian securities had been suspended on April 20 pending an announcement in relation to a potential capital raising.
Silver prices hit a 10-month high and gold stocks glittered
The Aim indices may be becalmed but the big movements are still to be found among the small caps
The FTSE 100 Index closed 9.77 points higher at 6,353
Small caps pare losses but Footsie drops nearly 20 points