Small caps recover from oil woe as drug M&A talk swirls
Small caps pare losses but Footsie drops nearly 20 points
Company
88 Energy Ltd
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.
913 stories · page 8 of 10
Stocks dip after oil talks fail, but drug M&A chat injects interest
Indices drop after Iran's absence at talks scuppers hopes of price freeze
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Oil & Gas Highlights: Oilex, Aminex Solo Oil, 88 Energy, San Leon Energy, Victoria Oil & Gas
Oilex shares almost doubled on Friday, 88 Energy in focus after 'billion barrel' estimates, and of course there were many other notable stories.
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FTSE100 finishes lower but small caps fare better
FTSE100 finished down on Thursday but small cap shares did better. FTSE100 closed down 24.74 to 6,136, while the FTSEAIM 100 added 0.44% to stand at 3,387 and the wider FTSE AIM All-share gained a tad - 0.22%- to stand at 717.020.
UK small caps heads higher with Connemara Mining Company PLC flyaway
UK small caps are heading north mid-morning, in contrast with bigger Footsie, with Connemara Mining PLC the runaway winner.... .
88 Energy clarifies points from third party shale report
Today, 88 Energy clarified that the D&M report estimates resource potential over the entire 272,000 acres at Project Icewine.
Risers & Fallers: 88 Energy Ltd, Belgravium Technologies PLC, Independent Resources PLC ...
Shares in Ascent Resources are, ironically, down 15%.
Investments and investor services
Stocks advance, led by Botswana Diamonds PLC and Cyan Holdings PLC
Throughout the day Botswana Diamonds and Cyan Holdings competed to be the biggest riser on the day.
UK shares big and small making headway at lunch
FTSE100 is up 47 points at 6,139, while in the smaller indices - FTSE AIM 100 added 0.19% to 3,363 and the FTSE AIM All -share gained 0.29% to stand at 714.220.
UK shares muted but Cyan Holdings PLC top gainer
UK shares were rather muted at the off but Cyan Holdings PLC was a notable riser - up over 118%.
88 Energy Ltd unveils ‘billion barrel’ estimates for Alaska shale project
An independent consultant sees 1.4bn barrels of oil equivalent and sees a 'productive area' amounting to 42% of the Project Icewine area, meanwhile the internal view sees 3.6bn barrels across a larger area of Alaska’s North Slope.
Landore Resources closes up 300% thanks to gold find, while small cap indices flat
Landore continues to be the star performer, while broker commentary gives glamour stock 88 Energy another lift.
Most followed: Chemring Group Plc, 88 Energy Ltd, and Caza Oil & Gas Inc
A deal to supply 40mm ammunition to a customer in the Middle East had now been giving the go ahead, and Chemring share shot higher.
88 Energy Ltd’s Alaska shale to rival Eagle Ford, broker says
Jack Allardyce, analyst at Cenkos, in a note described the HRZ shale found in the Project Icewine well as “a major new play” as he initiated a ‘buy’ recommendation for the AIM quoted explorer.
Oil & gas highlights - Ascent Resources, Range, Regency, IOG, Chariot Petroleum, 88 Energy
Ascent Resources collapsed almost 70% because the proposed takeover by Cadogan Petroleum Plc’s (LON:CAD) fell through, as the deal would no longer be worth it.
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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Proactive news summary: Ithaca Energy PLC, Ebiquity PLC, Metal Tiger PLC and more
Forbidden Technologies see first paying customers, a coveted milestone for Corero and a turning point for Ithaca Energy.
Resource stocks lead market higher
Mining stocks are surging ahead, dragging the Footsie higher
Wednesday's most followed - Milestone Group PLC, Tethys Petroleum Ltd , Brexit, UK steel and Premier Foods PLC
Away from the UK steel debate and the future of the Port Talbot plant, in focus in webworld was digital and media junior Milestone Group PLC, which saw shares rocket over 81% today to make it top riser in London.
Resource stocks head north as Ascent Resources PLC takes podium again
Small cap shares, notably resource stocks, along with Footsie were making ground at the open.
88 Energy Limited impressed by ‘super highway’ shale samples from Icewine well
Latest analysis has indicated that the permeability in the ‘super highway’ sections are some 20 times greater than 88 Energy’s pre-drill forecasts, which boosts “already excellent” results from the Icewine well.
Oil & Gas highlights - 88 Energy Ltd, Serica, IGas, Circle Oil, Northcote Energy
88 Energy was one of the week's top risers after it revealed further success of at the Icewine project.
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FTSE100 closes higher but junior market lags
FTSE100 managed to close in positive territory on Thursday but it was a different story for the junior market....
Stocks remain in doldrums as BoE stands pat
The Bank of England kept interest rates unchanged for the 84th month in a row.
88Energy Ltd soars again as it plans fracking phase in Alaska
“Icewine #1 cored a new kind of hybrid resource play that appears to have numerous similarities to reservoirs known as Low-Contrast Low-Resistivity (LCLR), or Low Contrast Pay (LCP)."
Risers & Fallers: Imagination Technologies PLC, Cello Group PLC, Wandisco PLC...
Major share price risers and fallers in London at 4pm
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Small caps dip but FTSE100 drops 1.78%; Gulfsands big gainer
Small caps really didn't move much on a day which saw explosive action from the ECB and some fiery responses in the global market.
Blue chips dip after Draghi decision but AIM stays steady
The FTSE AIM 100 Index rose 3.04 points to 3272 by mid-afternoon
Risers and fallers: 88 Energy PLC, PPHE Hotels PLC, Origo Partners PLC...
Main share price risers and fallers in London at 16.15pm
FTSE AIM 100 up a shade as small oil stocks gain
A bounce in the price of crude helped along small oil stocks today, and junior resource shares were also in favour, but the main indices did not move much.
Friday's most followed - oil price, US non-farms and Amur Minerals
There's no doubt these are tough times for oil prices and associated firms as stockpiled barrels tower up and prices fall off a cliff.
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Proactive news summary: 88 Energy, Amara Mining, NetScientific and more...
Quartix ahead of expectations, Sound Energy knocks €0.5mln off the cost of its project in Italy and good news for 88 Energy.
Most followed - Crowdfunding, Murray, Amazon and Lord King
A flurry of items were picquing web interest, including topics ranging from crowdfunding and a new deal for e-commerce giant Amazon.
88 Energy buoyed by latest Project Icewine update
It has confirmed that Icewine 1 was completed on budget, for $16.1mln, and it achieved all of its primary objectives.
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FTSE100 closes lower as traders weigh US inflation data
Britain's blue chip benchmark closed lower as US shares went downhill after the release of inflation data and the price of crude fell again.
88 Energy’s Icewine is ‘compelling’, broker says
The AIM quoted shares advanced more than 300% this week following the release of the latest results from the Icewine well.
Risers and fallers: Tribal Group, Stratmin Global Resources, UKOG, Northcote Energy, 88 Energy...
Main share price risers and fallers in London at 4pm
Risers & Fallers: Digital Globe, Environmental Recycling, Imaginatik, UJ Oil ..
Below are the main news-driven share price changes at 1.00pm.
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Proactive news summary: Windar Photonics, 88 Energy, Metal Tiger, Egdon Resources and more.
Everything appears to being going to plan for 88 Energy in Alaska...
88 Energy in high demand thanks to Project Icewine's 'billion barrel' potential
APRIL 22: 88 Energy unveiled a larger than anticipated equity funding, after it saw high levels of demand from ‘high calibre’ investors.
Risers & Fallers: Action Hotels, CAP-XX, First Property Group, Iofina, Nature Group, Premier African
A tremendous boost for Premier African Minerals, the operator and 49% stakeholder in the RHA tungsten project, which has had a financing offer from local financial institution.
Core analysis points to large shale play at Icewine says 88
Next phase of the project will include the drilling of a horizontal well with a multi-stage fracture stimulation
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Small cap highlights: Europa, Providence, Rockhopper, DP Poland, 32 Red, Tern, ValiRX, and more
As global blue-chip equity markets capitulated, the London’s AIM market unsurprisingly remained on the back-foot, naturally though there were plenty of lowlights and highlights to spur trading on a stock-by-stock basis.
Investments and investor services
Best day in six months for FTSE 100
It was the top-share index's best day since August of last year
FTSE100 continues rise as oil stocks gain
FTSE100 continued to build on gains as US futures point to a positive open Stateside and Rolls Royce (LON:RR.) cheered the market.
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FTSE100 closes up as Yellen signals rate rise caution
UK shares finished higher on Wednesday as European indices also rose and as Fed chair Janet Yellen outlined the Central Bank's take on the global economy. .
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Proactive News round-up: 88 Energy, Real Good Food, Landore...
A summary of the main stories on the Proactive newswire today
Bank rally lifts Footsie but UK industrial output disappoints
The FTSE 100 Index climbed 60 points to 5692 as banks regained their poise
Investments and investor services
FTSE 100 shrugs off global economic turmoil to rally
The FTSE 100 Index ticked up 62.77 points to 5694 in early trading
Risers & Fallers: 88Energy, Hornby, Leed Resources, Pinewood Group, Renold, Tangent Communications
Film studios operator Pinewood Group mulls putting itself up for sale, while toys group Hornby goes off the rails again
88 Energy shares soar on de-risking milestone in Alaska
Better than expected permeability test results mean two of three potential ‘Achilles heels’ have now been crossed off for the new HRZ shale play in Alaska.
88 Energy boss says Icewine ‘couldn’t be going much better’
Here we catch up with 88 Energy boss Dave Wall via a company Q&A.
88 Energy highlights cash efficient progress at Project Icewine
Just shy of a third of all exploration costs for the new well will ultimately be paid by the company, due to arrangements with Bank of America and Alaska’s oil incentives.
Oil rout sends shock-waves through London shares
The Footsie hit levels last seen in November 2012 during the session
Oil majors drag down London shares as crude prices dip
The Footsie slumped 185.4 points to 5691 as the price of a barrel of Brent crude fell 3.3%
88 Energy boss says early shale observations are very positive for Icewine
“At this stage of the process, we are highly encouraged by these results; however, substantial additional work is ongoing to de-risk our key 'Achilles heels',” Dave Wall said.
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Proactive news summary: 88 Energy, African Potash, Avation, Galasys, MySquar, NQ Minerals, Sound ...
Some uplifting news from the energy sector today but sadder news elsewhere from the resources industry
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FTSE 100 rises 60 points despite resources millstone
While it is unlikely the Footsie will finish the year in credit, three more days of 60 points gains will see it go close
House builders wanted as north of England surveys flood damage
Flood damage in the north of England could see a lot of work coming the way of Britain's house builders
The drugs are working for the Footsie
The strength of pharma stocks more than outweighed the softness of commodities plays early doors
Risers & Fallers: Allied Minds, Anglo American, Jimmy Choo, Hikma Pharmaceuticals, Ocado, Serco Gp
At 10.30, the FTSE 100 index was up 22 points at 6,277.
88 Energy shares jump 19% as co burnishes credentials of Alaska well
The company said Icewine-1 well achieved all of its “primary unconventional objectives”.
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Proactive news summary: 88 Energy, Amedeo, Caledonia Mining, Gemfields, Oilex, REM, Sound Energy ...
Atlantic Coal mulls leaving AIM while Caledonia Mining proposes moving its HQ to Jersey
Stocks rise as traders shrug off uncertain Spanish poll result
The Footsie gained 57 points by lunchtime while French and German markets also rose
Investments and investor services
Risers & Fallers: CH Bailey, Ferrexpo, Gable Holdings, Polo Resources, Premier Vet., Red Rock
A name change might be in order for Premier Veterinary now it has sold its veterinary business
88 Energy puzzled by contradictory results at Icewine #1
The company speculated that the contradictory results may be the result of contamination
Investments and investor services
Proactive news highlights: ANGLE, Motive Television, Utilitywise and more...
Weatherly International, Motif Bio and 88 energy also had news out on Tuesday
88 Energy confirms “persistent oil shows” in HRZ shale target
The Icewine well is now into the primary target, albeit at a deeper than expected depth, with oil and gas shows also recorded.
Investments and investor services
FTSE100 drops as miners weigh...again
The miners were again at the bottom of the index, as a lower oil price weighed on metal prices.
Investments and investor services
Proactive news highlights: Metal Tiger, IOG, Learning Tech, StatPro, Teathers Financial and more
Sula Iron & Gold, 88 Energy and Iofina also made headlines on Monday
South Africans lead FTSE 100 rebound
After heavy losses Friday, FTSE 100 added 48 to 6,001
88 Energy advance as Icewine well reaches “critical juncture”
Shares rose 15% in London, trading at 0.63p each, while trading in Australia was halted.
Investments and investor services
Risers & Fallers: Karelian, IOG and Orogen Gold
Main share price risers and fallers in London at 4pm
Proactive weekly oil highlights including MX Oil, Range Resources, UKOG and more
88 Energy, Cairn Energy and Lekoil also had news out this week
Investments and investor services
FTSE 100 plunges after ECB skimps on the sweeties
According to Jasper Lawler at spread betting firm CMC Markets, “every metric of the ECB’s easing was less than expected by markets”.
Archive
Proactive news summary: 88 energy, DiamondCorp, Defenx, Falcon Oil & Gas, Kibo, Midatech Pharma ...
Lots of news from the energy sector, but pride of place goes to 88 Energy.
Market: Lenders flat despite buy-to-let mortgage boost
London’s blue-chip stocks were relatively flat today,
88 Energy hits gas at its Icewine project
A full evaluation will be undertaken when the well reaches target depth.
Most followed: Fancy a pint? Oil or lager?
Companies featured: Royal Dutch Shell, BG Group. Anheuser Busch InBev, Greenwich Meantime, Jaguar Land Rover, 88 Energy, Purplebricks, Hunan Wanxiang
Investments and investor services
Risers & Fallers: 88 Energy, HSS Hire, Pantheon Resources, Univision and more
Below are the main news-driven share price movements at 4pm.
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Proactive weekly oil news summary - Falcon Oil & Gas and 88 Energy
A reasonably busy week on the small cap oil front....
Investments and investor services
Proactive news highlights: RexBionics, Stellar Diamonds, Galantas Gold, Amur Minerals and more...
ITM Power, 88 Energy and Rightster Group also had news out on Friday
Investments and investor services
Risers & Fallers: Patisserie Holdings, Orogen Gold, Zoopla and more...
Below are the main news-driven share price movements at 3.30pm.
88 Energy eyes primary target as drilling resumes at Icewine
The well reached a depth of 8,773 feet before the delay
Investments and investor services
Proactive news highlights: AFC Energy, Stellar Diamonds, Eckoh, PureCircle and Clinigen
Anglo Asian Mining, Kefi Minerals and Andes Energia also has news out today
88 Energy says Icewine-1 drilling remains on budget
88 Energy said operations at the Icewine-1 well in Alaska remain on budget despite being waylaid due to repairs needed to the rig. Costs during this period have been minimised and the majority are not being borne by the joint venture, the f