Egdon Resources (LON: EDR) is recommending a 4.5p a share cash bid from Petrichor Partners. This values the UK-focused oil and gas company at £26.6m. The share price jumped 89.1% to 4.35p, which is the highest it has been for six months, making it the largest riser on the week. Petrichor is owned by HEYCO, […]

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Egdon Resources (LON: EDR) is recommending a 4.5p a share cash bid from Petrichor Partners. This values the UK-focused oil and gas company at £26.6m. The share price jumped 89.1% to 4.35p, which is the highest it has been for six months. Petrichor is owned by HEYCO, which provides services and capital to oil and […]

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Managed IT services provider CloudCoCo (LON: CLCO) trebled revenues to £24m in the year to September 2022, while EBITDA improved from £745,000 to around £1m. There were four acquisitions in late 2021 so they contributed to the growth. Investment is sales is starting to pay off and there should be further growth in revenues and […]

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Telecoms technology supplier Ethernity Networks (LON: ENET) was the best performer of the week ending up 35.7% to 14.25p after it was awarded a new contract and the share price is above the level before the recent fall due to the loss of another contract. An existing Chinese customer has awarded a follow-on contract worth […]

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Simec Atlantis Energy (LON: SAE) has redeployed a 1.5MW turbine at its MeyGen site and this will help to increase tidal stream generation. The share price recovered 19.7% to 2.125p. Jersey Oil & Gas (LON: JOG) has risen on the back of yesterday’s positive statement concerning farming-out the Greater Buchan area. Interest is apparently strong […]

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Igas Energy (IGAS) rose 13.6% to 88.6p and Egdon Resources (LON: EDR) 13.4% to 7.2p in response to the written ministerial statement on shale gas extraction. This made a commitment to more exploratory sites. Palm oil producer Dekel Agri-Vision (LON: DKL) reported a decline in interim revenues, but pre-tax profit improved from €2.04m to €2.48m. […]

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Tungsten West (LON: TUN) has secured a term sheet for non-dilutive funding for the Hemerdon tungsten and tin mine in Devon and the final capital expenditure estimates are expected by the end of September. Royalty financing of $30m has been obtained at an initial rate of 4.75%, which drops to 2.375% after 7mmtu of tungsten […]

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Oil and gas explorer Block Energy (LON: BLOE) has commenced drilling on the JSR-01DEEP well in Georgia. The target is an undrained part of the Middle Eocene reservoir. This is the first in a series of wells. This news was enough to make Block Energy the best performer of the day on AIM, with an […]

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A successful outcome to arbitration proceedings sent shares in Falkland Island oil and gas explorer Rockhopper Exploration (LON: RKH) 61.1% higher to 14.1p. Compensation of €190m has been awarded plus interest compounded annually from 29 January 2016. The Italian government breached its legal obligations when it did not award a production concession for the Ombrina […]

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Building products supplier Alumasc (LON: ALU) is selling the poorly performing solar shading manufacturer and installer Levolux to Talrus Ltd, which is owned by Rcapital, for £1. Despite shedding a loss maker, the Alumasc share price fell 2.93% to 132.5p. Levolux has around £1.4m in cash and that is part of the disposal. There is […]

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UK-based hydrocarbon extraction company Egdon Resources plc (AIM:EDR) saw its shares rally on Monday as it announced the commencement of site works at the Wressle Oil Field Development. The works are the first of a number of stages, which the company anticipates will see it on track for ‘first oil’ during the second half of […]

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Egdon Resources Plc (LON:EDR) have updated the market on Wednesday on their first half operations. The oil and gas exploration firm said that production in the first half of its financial year had increased compared to the same period one year ago. Additionally, the current volumes of production has remained constant with guidance. Across the […]

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Egdon Resources (LON:EDR) have seen their shares spike on Tuesday after the firm noted it had partnered with an oil major. Shares in Egdon trade at 5p having spiked 2% on Tuesday. 21/1/20 14:21BST. Egdon told the market that they had partnered with Shell (LON:RDSB) on two UK gas discoveries. Egdon signed the exclusivity agreement […]

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UK focused hydrocarbon producer Union Jack Oil PLC (LON: UJO) reiterated Egdon Resources’ announcement on the positive update of their joint Biscathorpe-2 exploration wel at the PEDL253 licence, of which Union Jack Oil holds a 22% interest. Westphalian and Dinantian cuttings samples, from the Biscathorpe Prospect, displayed good quality non-biodegraded hydrocarbon extracts. The Company added […]

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