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Pin to quick picks88 Energy Share News (88E)

Share Price Information for 88 Energy (88E)

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Share Price: 0.0975
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Change: 0.00 (0.00%)
Spread: 0.005 (5.263%)
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LONDON AIM WINNERS & LOSERS: Journeo Shares Rally On Purchase Orders

Fri, 22nd Jan 2021 10:30

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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AIM - WINNERS

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Journeo, up 30% at 65.00 pence, 12-month range 43.4p-74.82p. The transport technical services firm said it has received purchase orders worth GBP1.3 million for the supply of its advanced public transport information systems from a Northern Transport Partnership.

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VR Education Holdings, up 10% at 13.25p, 12-month range 4p-25.8p. The virtual reality education and enterprise training firm said 2020 revenue is expected to be EUR1.4 million, up 38% on 2019. VR Education added that it has closed during 2020 in excess of EUR1.8 million in new business, which should be recognised over the next 36 months.

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AIM - LOSERS

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88 Energy, down 23% at 0.46p, 12-month range 0.2p-1.43p. The oil producer said that, in relation to its operations in Alaska, it is seeking clarification on a recently announced 60-day suspension of authority to issue new drilling permits on federal land by the US Department of the Interior. 88 Energy said it is in close communication with the Bureau of Land Management, which has indicated it will continue to process the company's permit to drill in anticipation of receiving a signature on or before February 12. "There is cause for optimism due to the advanced nature of the existing operations (which is one of the carve outs for the suspension)," noted 88.

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China Nonferrous Gold, down 11% at 8.9p, 12-month range 7p-17.41p. The Takijistan-focused gold miner said it has signed a new agreement with China CITIC Bank Corp for a loan facility of up to CNY300 million, around USD46.4 million. China Nonferrous expects to draw down USD20 million of the loan, which will go towards the replacement of the CCB Macau loan of USD20 million which is due in January.

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Zytronic, down 10% at 134.50p, 12-month range 70p-243.95p. The manufacturer and developer of touch technology products said it was difficult to foresee a return to profitability in its current financial year to the end of September, due to constraints caused by the Covid-19 pandemic. Zytronic's reorganisation and cost-reduction measures have allowed it to keep positive earnings before interest, tax, depreciation and amortisation, as well as a rise in orders for the year to date; however, with the pandemic constraints affecting the group's major overseas markets such as Gaming, a recovery to historic levels will depend on how quickly there is an effective vaccination programme.

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Jet2, down 8.6% at 1,359.39p, 12-month range 182.5p-1,950p. The leisure travel firm was lower in a negative read-across after airline International Consolidated Airlines was cut to Reduce from Hold by Kepler Cheuvreux. FTSE 100-listed IAG was London's worst blue-chip performer on Friday, down 4.4%.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
24 Jan 2019 09:51

Solid progress for 88 Energy on North Slope of Alaska

(Sharecast News) - 88 Energy updated the market on its oil and gas operations on the North Slope of Alaska on Thursday, reporting that the construction of the ice road was now 85% complete, with the ice pad build to commence shortly.

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17 Jan 2019 10:01

88 Energy, Pantheon And Red Emperor Jump On Alaska Permit Approval

LONDON (Alliance News) - 88 Energy Ltd and its partners said Thursday they had been granted a drilling permit for the Winx-1 exploration well located in the US state of Alaska, adding that the ice

Read more
7 Jan 2019 09:59

Red Emperor Resources, 88 Energy Start Ice Road Construction In Alaska

LONDON (Alliance News) - Red Emperor Resources NL on Monday said construction has started on an 11-mile ice road at its Winx-1 exploration well, in the North Slope of Alaska.The company is

Read more
7 Jan 2019 08:45

88 Energy begins ice road construction to Winx-1 well

(Sharecast News) - 88 Energy updated the market on its oil and gas operations on the North Slope of Alaska on Monday, reporting that ice road construction for the Winx-1 exploration well had now commenced.

Read more
17 Dec 2018 09:47

88 Energy secures all but one major permit at Alaskan asset

(Sharecast News) - Exploration firm 88 Energy has been granted all but one major permit for its Winx-1 exploration drill on the North Slope of Alaska, with the group expecting to receive approval for its drilling permit in January 2019.

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7 Nov 2018 11:01

88 Energy Updates Prospective Oil Resource At Icewine On Yukon Data

LONDON (Alliance News) - 88 Energy Ltd on Wednesday updated its prospective oil resource at Project Icewine in the US state of Alaska to reflect the 3D seismic data for its Yukon in the company up

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30 Oct 2018 13:02

88 Energy Non-Executive Director Brent Villemarette Dies

LONDON (Alliance News) - 88 Energy Ltd on Tuesday said Non-Executive Director Brent Villemarette has died as a result of a known health condition.88 Energy said the death was unexpectedly a

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23 Oct 2018 12:36

88 Energy Nears Completion Of Seismic Inversion At Icewine Project

LONDON (Alliance News) - 88 Energy Ltd said 3D seismic inversion is substantially complete for both shallow and deep horizons at its Icewine oil & gas project in Alaska.88 Energy the 3D

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3 Oct 2018 09:14

88 Energy Launches Offer To Raise GBP8 Million For Alaskan Well Work (ALLISS)

LONDON (Alliance News) - Shares in 88 Energy Ltd fell Wednesday as the firm announced a rights offer to raise approximately GBP8.0 million.The stock was trading at 1.06 pence a share, down

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28 Sep 2018 14:46

88 Energy secures another 45,000 acres on North Slope of Alaska

(Sharecast News) - 88 Energy updated the market on its operations on the North Slope of Alaska on Friday, confirming that agreements had been executed for an additional 45,239 acres net to the company.

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28 Sep 2018 13:26

88 Energy Leases Further 45,239 Acres At Icewine Project In Alaska

LONDON (Alliance News) - 88 Energy Ltd on Friday said its subsidiary agreed with Arctic Slope Regional Corp to lease the hydrocarbon rights across 28,453 acres contiguous with the Western Fairway

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5 Sep 2018 12:24

88 Energy Interim Loss Narrows On Higher Revenue; Focuses On Alaska

LONDON (Alliance News) - 88 Energy Ltd said Wednesday its loss for the first half of 2018 narrowed from a year before as it kept focus on its principal activities in Alaska.For the six to a

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29 Aug 2018 10:53

88 Energy Secures Rig For Drilling On Alaska's Winx Prospect

LONDON (Alliance News) - 88 Energy Ltd said on Thursday it has secured a rig contract for drilling work at the company's Winx prospect on Alaska's North Slope.The rig has been from

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29 Aug 2018 08:56

88 Energy executes rig contract for Alaskan drilling

(Sharecast News) - Dual listed explorer 88 Energy updated investors on operations at its Western Blocks project on Wednesday.

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30 Jul 2018 10:22

Red Emperor And 88 Energy Pen Agreements For Alaskan Leases

LONDON (Alliance News) - Red Emperor Resources NL and 88 Energy Ltd on Monday said they have signed agreements to buy stakes in four leases on the western flank of Alaska's North two companies

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