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Investor Update: Horse Hill well now 'two-thirds of way through sweet spot'

Headlines from the Proactive UK newsroom.

Alba Minerals (LON:ALBA) has noted the report by operator UKOG that the Horse Hill-2Z well near Gatwick is now two-thirds of the way through the sweet spot and that sections of possible increased reservoir quality have been encountered. 

Anglo Asian Mining (LON:AAZ) has discovered new gold-copper and gold occurrences in its northeast region of its Gedabek Contract Area in western Azerbaijan. One of the discoveries comprises three zones, all of which show the presence of gold and copper mineralisation. 

Shanta Gold (LON:SHG) has received a VAT refund of US$1.4 million cash. The current VAT Receivable balance is now US$26.6 million.

British Airways owner IAG is to acquire Air Europa for €1bn. The move boosts IAG’s presence in Latin America and the Caribbean and will make Madrid airport a rival to Europe’s four main hubs. 

Takeaway.com has switched its takeover plans for Just Eat from an all-share merger to a straight offer with a 75% acceptance threshold. Just Eat recently rejected a rival all-cash bid from Prosus.

Uncertainties over deliveries of Boeing’s Max aircraft have forced Ryanair to slash its forecast for growth and issued a warning of job losses and base closures. Ryanair’s interim revenue rose by 11% though profits were flat. 

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