(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
Corcel PLC - London-based mining and resource development company - Notes the conclusion of initial well test efforts at TO-14 well in the Kwanza Basin, onshore Angola, where the company has a 20% working interest. Says local operator Sonangol EP decides to move to testing to TO-13 well. The equipment move is expected to take approximately seven days after which formal testing will begin, it says. Chair Antoine Karam says: "With TO-13 testing shortly to commence, we will soon have an additional data set to aid in our efforts to both produce commercial oil in the short term and to reactivate and build out the Tobias field over the longer term." Corcel also reports that it has raised GBP1.3 million through through a fundraising via the issue of 260 million new ordinary shares at 0.005 pence each. This includes a GBP500,000 investment from shareholder, Extraction SRL. Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Corcel PLC - London-based mining and resource development company - Provides an update on the testing of the TO-14 well in the onshore Block KON-11, in Angola, where it has a 20% working interest. Says testing of the TO-14 well continues following significant weather and equipment related delays earlier in the year. Explains reactivation of the fractured carbonate reservoir has been challenging, however there is continued focus on engineering solutions to flow test the well from the most prospective zones identified during the drilling phase. Notes continued engineering work is being conducted to identify solutions to flow both TO-14 and the yet untested TO-13 well. Additional activities are being progressed across the Corcel acreage in KON-11, KON-12, and KON-16. An electromagnetic full-tensor gravity survey is scheduled to begin by early May. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Corcel PLC - London-based mining and resource development company - Says that testing has begun at its 20%-owned Tobias-14 well in the onshore Kon-11 block in northern Angola. Testing is being conducted by Sonangol Ltd, the Luanda-based parastatal oil and gas producer. Testing follows multiple delays at Tobias-14, after equipment delays and severe weather conditions necessitated an extension to the original timeline. Once testing has been completed, Sonangol will move test equipment to the Tobias-13 well pad, and conduct flow-testing. Corcel expects to receive results from Tobias-14 over the next several weeks. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday. Read More
(Alliance News) - Stock prices in London closed mixed on Thursday, the final full trading day of a mixed year, though the FTSE 100 is still on track to deliver a gain of more than 3% for 2023. Read More
(Alliance News) - Thursday morning's optimism was wearing thin by midday in London, as the Santa Rally fuelled by hopes of US rate cuts next year somewhat ran out of steam. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday. Read More
Corcel PLC - London-based mining and mineral resource development company with interests in flexible energy storage and production - Updates on the drilling results for the Tobias-14, or TO-14 well in the onshore block KON-11 in Angola, where it has a 20% working interest. Says the well encountered a full Binga reservoir section with identical zones as seen in the previous TO-13 well, with oil showing through. Corcel and operator Sonangol believe the results "confirm the ability to reactivate production through an early production system and imply significant hydrocarbon potential remaining". Corcel Executive Chair Antoine Karam comments: "The encouraging results of the TO-14 well constitute a significant milestone toward development of an EPS and providing line of sight to near-term revenue generation for Corcel." Adds that well clean-up and flow testing has now begun on Tobias-14. Read More
(Alliance News) - Stocks in London are expected to rise further on a quiet Thursday between holidays, as hopes for US interest rate cuts next year stay strong. Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Corcel PLC on Wednesday said that it has started initial exploration efforts at its fully-owned Canegrass lithium project in Western Australia. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More