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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Investments and investor services
On ‘Black Monday’ investors were sent running as China concerns caused a panic, but in the world of small caps, a few were able to buck the trend.
Drilling can now go ahead, and spudding is on track for October
Below are the main news-driven share price movements at 3.15pm.
On what some are calling ‘Black Monday’ the FTSE 100 was hit to the tune of £80bn, suffering its worst day since 2009.
A A$12mln (£5.6mln) placing announced last week will fund the bulk of the A$22.5mln cost.
Investments and investor services
A round-up of the day's news from growth companies.
Investments and investor services
The days of a whole-integer benchmark interest rate could soon be returning
Dave Wall, 88 Energy's MD, says the placing had overwhelming support from investors
Hardware & electrical equipment
Oil and mining stocks bore the brunt of market pessimism today, while chip-designer ARM was hit by a double whammy
Investments and investor services
German parliament signed off on the £60bn rescue package last week.
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Rambler Metals rose after it completed its pre-feasibility study.
FTSE100 higher but gold price tanks as Greece situation eases
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A number of resource companies have successfully raised fresh capital today, while another has been on a cost-cutting drive.
Investments and investor services
Primark's growth makes Associated British Foods' name more of a misnomer year-by-year
88 Energy updated on the ownership transfer for its project Icewine in Alaska, saying the process from now on was transparent and straightforward.
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A round-up of the significant news in the Proactive universe
Investments and investor services
The Footsie ebbed in the afternoon as Greek debt negotiations took a turn for the worse, but the index still finished in positive territory.
