Investors hang up on TalkTalk as Exane slashes price target and forecasts another cut to the divi
Some of the main news-driven share price changes in London on Wednesday ...
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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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Some of the main news-driven share price changes in London on Wednesday ...
Flow testing operations are due to restart in the second quarter, but, first a new seismic programme will seek conventional oil potential in the Project Icewine area
Britain's top tier index closed around 54 points lower at 7,533
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Proactive takes a look at what's moving on Thursday December 28.
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A glance at some of the day's highlights from the Proactive Investors newswire
It has been named 'high bidder' for two parcels, spanning 32,800 acres, in Alaska's North Slope
The share price fall in S&U was a bit mystifying; perhaps it was a further slight deterioration in the impairment percentage
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UK stocks could do with a catalyst and tomorrow's US jobs numbers might provide it
Well results, funding deals and the start of new campaigns were the source of much of this week's oil and gas highlights.
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the biggest risers and fallers in London today
“The leasing strategy has been designed to strike a balance between this confidence and available capital whilst we build towards completion of the flowback and production testing of the Icewine#2 well in 1H 2018."
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The UK blue chip index closed down 1.05% to 7,447 as the pound strengthened after better-than-forecast UK GDP
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A glance at some of the day's highlights from the Proactive Investors newswire
The programme won't resume until April or May 2018.
A look at some of the top risers and fallers in London today
The Icewine-2 well programme is suspended until spring but 88 Energy says it has observed a rise in pressure
The UK benchmark finished the day at 7,538, up 30.38 points
88 Energy is one of the most active stocks on the ASX this morning.
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A glance at some of the day's highlights from the Proactive Investors newswire
Safestyle UK has more cash than it needs at present
The explorer plans to carry out a new programme on Icewine-2 in the spring, once weather conditions are more favourable
88 Energy has traded 46 million shares in less than an hour this morning.
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Hurricane Energy is advancing the Lancaster early production, while Sound and 88 Energy were also in the news this week.
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A glance at some of the day's highlights from the Proactive Investors newswire
The wait continues for a 'representative result' as the well continues to flow back mostly fracking fluid.
Some of the main news-driven risers and fallers at 3.30pm...
88 Energy intends to make a decision on its next plans for the Icewine-2 well
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A glance at some of the day's highlights from the Proactive Investors newswire
Flowback procedures are still at an early stage, according to 88 Energy, but, Monday's share prices moves point to an increasingly impatient investor base.
A look at some of the top risers and fallers in London today
88 Energy is flowing about 70 barrels of frack fluid per day from the Icewine-2 well, and the explorer believes it may now be getting contact with the targeted reservoir
While the UK’s largest doorstep lender has been through the mincer following the mother of all profit warnings and the summary ejection of its boss, the second biggest player has quietly gone about its business
Results and periodic operational updates provided much of the week's newsflow
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A glance at some of the day's highlights from the Proactive Investors newswire
Investors eagerly await results from 88 Energy's Icewine well, where flow testing is due to kick off next week
The FTSE 100 was its gains eroded as the Jackson Hole chinwag got under way
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A look at the world of small cap oil and gas news this week
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A glance at some of the day's highlights from the Proactive Investors newswire...
A look at some of London's top risers and fallers today
Testing is slated to resume on August 21, the firm said
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Some of the day's highlights from the Proactive newswire...
88 Energy ended the half with US$31.55mln of cash on hand.
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Sound Energy turned the conversation to it successes at Tendrara, in eastern Morocco, where it is now planning its next moves.
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A glance at some of the stories on the Proactive newswire today
88 Energy, which has put the Icewine-2 programme on hold for six weeks, had some A$31.6mln of cash at the end of June
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The blue chip index closed up 40.69 at 7,430 on the day
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A glance at some of the stories on the Proactive newswire today
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Companies featured: HaloSource, Ascent Resources, Inspirit Energy, Clear Leisure, Safestyle, Nyota MInerals, IG Group, Polemos, Ortac Resources
Icewine-2 was suspended on July 10 for a period of six weeks, in the meantime the company is taking stock of what the findings-to-date may mean for the HRZ shale play
Premier Oil, Providence Resources, UKOG, Europa Oil & Gas and 88 Energy were all among the oil and gas sector's top stories this week.
Cardinal Resources Ltd was well followed early on after the company said a mining licence had been granted for Namdini gold project in Ghana
The big mover was New Talisman Gold Mines, which published a resource upgrade
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A glance at some of the stories on the Proactive newswire today
Investors will have six weeks of uncertainty before they'll know whether the share price drop was an overreaction.
From Telford to the Thames ... Michelmersh's bricks from its Blockleys plant in Telford will be used on one of London's most iconic structures
88 Energy shares dropped just over 1p, 37.27%, to change hands at 1.72p in early dealing as investors learned of plans for a six-week pause to operations in Alaska
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The top-shares index pushed on again in the afternoon session despite an indifferent showing on Wall Street
The oil exploration firm is in the middle of flow-back operations after fracking two zones in the HRZ shale
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A glance at some of the stories on te Proactive newswire today
The Myanmar-language social media, entertainment and payments platform operator is breaking even at the current run-rate
88 Energy told investors that a total of 15.3% of stimulation fluid has now been recovered to date.
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A glance at some of the small cap stories on the Proactive newswire today
A look at the biggest risers and fallers among the UK's small caps today
“A little patience is now required as we give the rocks time to show us what they can deliver,” Dave Wall said.
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A look at the world of small cap oll and gas news this week
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A glance at some of the stories on the Proactive newswire today
A look at today's biggest risers and fallers in London
With the completion of the fracking, 88 Energy can now advance the Icewine-2 well to the pivotal production testing phase.
The pound has plummeted against the dollar on dovish remarks from Bank of England Governor Mark Carney
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A glance at some of the the small cap news on the Proactive newswire today
A look at the biggest risers and fallers in London today
Production testing is now just around the corner, once fracking operations and reservoir sampling is complete.
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The FTSE 100 closed 60 points up at 7,523 as the government begins Brexit negotiations.
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A look at the world of small cap oll and gas news this week
Fracking is due to start at the Icewine-2 appraisal well on Saturday June 17.
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A glance at some of the stories on the Proactive newswire today
Today's risers and fallers including Monitise; Kalibrate and Byotrol
It is on schedule to start fracture stimulation by June 17.
FTSE 100 closed down 11.88, or 0.15%, to 7,499 on Tuesday
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A summary of news stores on the Proactive Newswire today
The block covers more 5,000 sq km of undrilled deep water acreage
The company said it no longer needs to carry out micro stimulation after gaining enough insights in to the stress profile and pore pressure of the HRZ shale
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Some of the stories that ran on the Proactive newswire today
Some of the main risers and fallers in London at 3.45pm
Icewine-2, which has targeted the potentially prolific HRZ shale, will begin the stimulation phase of the programme in the third week of next month.
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A glance at the small cap stories on the Proactive newswire today
Wireline logging at the well was completed over the weekend,
The pound has given up some of its recent gains, which has helped the internationally-focused firms on the FTSE 100
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A glance at some of the stories on the Proactive newswire...
“US oil production continues to grow and thematically 88E should capture that momentum provided the well results deliver the goods,” WH Ireland said.
A look at some of the biggest London-listed risers and fallers today
88 Energy expects the main stimulation programme to be complete in the third week of June.
The UK blue chip index closed down 18.56 points at 7,503
The Alaska focussed oil and gas junior kicked off the Icewine-2 drilling in late April.
It is anticipated that Icewine-2 will undergo production testing in late June or early July, and Hartleys reckon market expectations are for a result of 100-200 barrels per day.
BP saw its first-quarter profits jump by more than expected, while Shell also put up big numbers.
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A snapshot of the small cap news today on the Proactive newswire