3rd Mar 2025 10:39
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Monday.
----------
AIM - WINNERS
----------
Helium One Global Ltd, up 20% at 1.095 pence, 12-month range 0.6p-2.15p. The helium explorer said it has received an offer letter from Tanzania's Mining Commission for the grant of a mining licence for the southern Rukwa helium project. The potential licence will be for an area of approximately 480 kilometres, the company says. It is currently reviewing the offer letter and terms. "The offer of the ML follows approval by the Ministry of Minerals who have given the MC permission to grant a larger than standard ML that will enable the southern Rukwa helium project to be developed to its full potential," Helium One adds. Also the company, which has a 50% working interest in the Galactica-Pegasus project in Colorado, notes that the Jackson-31 well there was successfully drilled to a total depth of 368.8 metres. It says the well flowed naturally during drilling and at total depth, demonstrating strong reservoir communication.
----------
Bigblu Broadband, up 16% at 32.5p, 12-month range 25.5p-45p. The broadband services provider announces plans to return up to GBP6.1 million to shareholders through a tender offer for up to 15.3 million shares at 40 pence each. This follows Bigblu's announcement in December of the completion of the sale of Australian subsidiary SkyMesh, upon which it received a cash payment of AUD30.0 million or around GBP14.9 million. At around that time, Bigblu had disclosed its intention to "return any surplus cash to shareholders".
----------
AIM - LOSERS
----------
Caspian Sunrise PLC, down 12% at 2.95p, 12-month range 2.3p-5.05p. The Kazakhstan-focused oil and gas exploration and production company says production in 2024 totalled 623,312 barrels at 1,707 barrels of oil per day, down from 665,114 total or 1,822 bopd in 2023. It also updates on the sale - approved in September - of the BNG contract area's shallow structures for USD88 million cash, of which Caspian has received the first $14 million. The long stop date has been extended to March 31, and work to split the shallow structures from the rest of the assets owned by BNG Ltd LLP has reached an advanced stage with the required paperwork now submitted to the Kazakh regulatory authorities, Caspian says. Says also that it has signed an exclusivity agreement with the vendors of an established oilfield believed to have significant proven reserves, and is proceeding with re-registration of CS Energy LLP after which it can complete the acquisition of the West Shalva contract area with production to commence in the second half. Chair Clive Carver notes: "In recent months new drilling has largely been on hold pending the receipt of the required regulatory consents on our various corporate transactions."
----------
By Emma Curzon, Alliance News reporter
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Related Shares:
Helium OneBigblu Broadb.Caspian Sunrise