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
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LON:IOG
The Net Zero UK gas and infrastructure operator focused on high return projects.
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Investments and investor services
Mining bulls were hailing Janet Yellen's cuatious comments about interest rate rises as a weaker dollar sparked demand for mining shares
IOG owns 50% Blocks 48/22b and 48/23a which host Blythe, and it is now talking to Alpha Petroleum to acquire the other 50%.
Mining stocks are surging ahead, dragging the Footsie higher
Major share price risers and fallers in London at 4pm
IOG said it has now “refined” its strategy following the £13.55mln infusion of cash from London Oil & Gas.
Earnings reports from oil supermajors dominated the market headlines this week.
The debt will carry interest at 9% per year, and can be converted into IOG shares at a price of 8p per share.
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Shareholders signed off Shell’s acquisition of BG.
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Britain's blue chips closed the afternoon session lower after uninspiring UK economic data and as energy powerhouse Centrica weighed.
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Equipment hire firm Ashtead was dented as investors reacted to the warning signals coming via a rivals weak earnings report.
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After briefly venturing back above 6,000, the Footsie saw its gains trimmed as US markets turned lower.
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A round-up of the day's news from the small cap universe
Investors shrug off 'We're done for' predictions to push shares higher
It told investors that the Skipper well would be delayed until there is greater stability and clarity in the oil market.
IOG intends to carry out a full 3D seismic reprocessing of seismic data across its whole Southern North Sea portfolio
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A name change might be in order for Premier Veterinary now it has sold its veterinary business
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A notable riser was Electric Word (LON:ELE), whose shares added 25% as it announced it has agreed to sell its 70% stake in online magazine iGaming Business to Clarion Events for around £13.8mln.
"This is a huge step forward for IOG in line with our stated strategy,” said chief executive Mark Routh.
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The miners were again at the bottom of the index, as a lower oil price weighed on metal prices.
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Sula Iron & Gold, 88 Energy and Iofina also made headlines on Monday