Stocks dip after oil talks fail, but drug M&A chat injects interest
Indices drop after Iran's absence at talks scuppers hopes of price freeze
Company
88 Energy Ltd
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 36 of 46
Archive
Oil & Gas Highlights: Oilex, Aminex Solo Oil, 88 Energy, San Leon Energy, Victoria Oil & Gas
Oilex shares almost doubled on Friday, 88 Energy in focus after 'billion barrel' estimates, and of course there were many other notable stories.
Archive
FTSE100 finishes lower but small caps fare better
FTSE100 finished down on Thursday but small cap shares did better. FTSE100 closed down 24.74 to 6,136, while the FTSEAIM 100 added 0.44% to stand at 3,387 and the wider FTSE AIM All-share gained a tad - 0.22%- to stand at 717.020.
UK small caps heads higher with Connemara Mining Company PLC flyaway
UK small caps are heading north mid-morning, in contrast with bigger Footsie, with Connemara Mining PLC the runaway winner.... .
88 Energy clarifies points from third party shale report
Today, 88 Energy clarified that the D&M report estimates resource potential over the entire 272,000 acres at Project Icewine.
Risers & Fallers: 88 Energy Ltd, Belgravium Technologies PLC, Independent Resources PLC ...
Shares in Ascent Resources are, ironically, down 15%.
Investments and investor services
Stocks advance, led by Botswana Diamonds PLC and Cyan Holdings PLC
Throughout the day Botswana Diamonds and Cyan Holdings competed to be the biggest riser on the day.
UK shares big and small making headway at lunch
FTSE100 is up 47 points at 6,139, while in the smaller indices - FTSE AIM 100 added 0.19% to 3,363 and the FTSE AIM All -share gained 0.29% to stand at 714.220.
UK shares muted but Cyan Holdings PLC top gainer
UK shares were rather muted at the off but Cyan Holdings PLC was a notable riser - up over 118%.
88 Energy Ltd unveils ‘billion barrel’ estimates for Alaska shale project
An independent consultant sees 1.4bn barrels of oil equivalent and sees a 'productive area' amounting to 42% of the Project Icewine area, meanwhile the internal view sees 3.6bn barrels across a larger area of Alaska’s North Slope.
Landore Resources closes up 300% thanks to gold find, while small cap indices flat
Landore continues to be the star performer, while broker commentary gives glamour stock 88 Energy another lift.
Most followed: Chemring Group Plc, 88 Energy Ltd, and Caza Oil & Gas Inc
A deal to supply 40mm ammunition to a customer in the Middle East had now been giving the go ahead, and Chemring share shot higher.
88 Energy Ltd’s Alaska shale to rival Eagle Ford, broker says
Jack Allardyce, analyst at Cenkos, in a note described the HRZ shale found in the Project Icewine well as “a major new play” as he initiated a ‘buy’ recommendation for the AIM quoted explorer.
Oil & gas highlights - Ascent Resources, Range, Regency, IOG, Chariot Petroleum, 88 Energy
Ascent Resources collapsed almost 70% because the proposed takeover by Cadogan Petroleum Plc’s (LON:CAD) fell through, as the deal would no longer be worth it.
Investments and investor services
Small caps overshadowed by resurgent blue-chip miners
Mining bulls were hailing Janet Yellen's cuatious comments about interest rate rises as a weaker dollar sparked demand for mining shares
Archive
Proactive news summary: Ithaca Energy PLC, Ebiquity PLC, Metal Tiger PLC and more
Forbidden Technologies see first paying customers, a coveted milestone for Corero and a turning point for Ithaca Energy.
Resource stocks lead market higher
Mining stocks are surging ahead, dragging the Footsie higher
Wednesday's most followed - Milestone Group PLC, Tethys Petroleum Ltd , Brexit, UK steel and Premier Foods PLC
Away from the UK steel debate and the future of the Port Talbot plant, in focus in webworld was digital and media junior Milestone Group PLC, which saw shares rocket over 81% today to make it top riser in London.