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Proactive oil & gas highlights – Bowleven, Tullow, Ophir, 88 Energy, NOP, IOG, NU-Oil and Gas, and COPL
Here are last weeks highlights from the oil and gas sector
Company
LON:IOG
The Net Zero UK gas and infrastructure operator focused on high return projects.
257 stories · page 10 of 13
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Here are last weeks highlights from the oil and gas sector
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Proactive Small Cap highlights - Bango, Xeros, Starcom, DCD Media, Ascent Resources, IOG, Xcite Energy, Northern Petroleum, KEFI Minerals
Investments and investor services
Independent Oil & Gas, Deltex Medical Group and Avation were also reporting.
"Despite the challenging market conditions, we are making great progress towards drilling this transformational well," said chief exec Mark Routh
Small cap firms were boosted by fast-track news, as the pace picked up for key projects.
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Investec thought things had bottomed out at Pearson: the broker was wrong
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Asiamet saw a resource upgrade, Metminco got a boost in its partnering efforts and Sound Energy's teamed up with Schlumberger
It has brought in £150,000 via the issue shares at 7p.
Investments and investor services
The FTSE 100 Index ended the day some 67 points lower to 6,275.
"It is important for IOG and all its stakeholders that the outstanding liability to Darwin has been extinguished," Mark Routh said.
With a price target of 70p VSA suggests nearly 1,000% upside to IOG’s current price, though the need for funding is seen as a risk.
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ASOS gained about 5% this past week amid analyst upgrades
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It was another busy week in the oil and gas sector
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Next, ASOS and Primark owner ABF were all upgraded, while Premier Farnell, Genus, Kaz Minerals, EnQuest and Wolseley were also in the broker spotlight