Updated: Ashtead Technology reaches nearly £130million valuation through IPO
Ashtead Technology has reached a market valuation of nearly £130million from its initial public offering (IPO).
AIM
Ex-IFC exec Mussat to head President’s hydrogen unit
Olivier Mussat has joined President Energy subsidiary Atome Energy from the International Finance Corp. (IFC) in preparation for an IPO later this year.
Lekoil suspended amid subsidiary spat
Lekoil has finally posted its accounts for 2020, taking an impairment of more than $100 million on a Nigerian asset and acknowledging going concern worries.
Rusty won’t let sun set on DGO’s success story
“We set it up from day one to focus on free cash flow and, as we’ve grown, that strategy really hasn’t changed. The industry has operated for too long on negative free cash flow.”
Andrew Austin’s new venture Kistos looks to raise £32m via imminent AIM listing
Entrepreneur Andrew Austin’s new energy sector investment company expects to raise £31.75 million via its initial public offering, slated for this week.
Charlie-1 looms as potential company maker for 88 Energy
Alaskan focused oil and gas group, 88 Energy Ltd (ASX:88E) provided a further update on Monday regarding the progress of the group’s Charlie-1 appraisal well on the North Slope of Alaska.
Jub vs Zenith in fight for AAOG’s future
A counter offer has emerged for Anglo African Oil & Gas (AAOG), following Zenith Energy’s offer at the beginning of the week.
Aberdeen oil and gas firm wins Queen’s Award for Enterprise
An Aberdeen-based oil and gas consultancy has been given the Queen’s Award for Enterprise, one of the most prestigious accolades of its kind in the UK.
Tekmar set for IPO in London
Shares in oil field service company Tekmar will start trading on the alternative investment market in London next week.
TransGlobe to list shares on AIM in London
TransGlobe Energy Corporation said today that it plans to list its common stock on the alternative investment market (AIM) in London.
Opinion: The renaissance of the oil and gas sector on the Alternative Investment Market
The oversubscribed £10m placing of Anglo African Oil and Gas plc last week, an introduction to the stock market facilitated by finnCap, highlights an increasingly buoyant fundraising environment enabling companies to capitalise on the growing confidence in the oil and gas sector. The company will use the cash to acquire Petro Kouilou, with a plan to increase production six times of what the field in Congo is currently producing, demonstrating a strong start for the company.
DGO to trade on London Stock Exchange
Diversified Oil & Gas (DGO) said it plans to seek admission of its shares to the London Stock Exchange.
FTSE pushes higher as markets wait on Bank’s next move
The London market pushed higher as investors braced themselves for the Bank of England’s next move on interest rates.
Falling oil price keeps commodity stocks under pressure
The London market remained in negative territory amid investor concern that weak economic data from China could lead to slower global growth.
Range Resources AIM trading unaffected by Australian shares suspension
Range Resources' share trading on the AIM market will be unaffected by its request for voluntary suspension of its shares on the Australian Stock Exchange.
FTSE 100 index opens flat despite strong trading from miners and banks
The London market opened broadly flat, as top flight shares struggled to hold on to gains made earlier this week.
SDX Energy looks to raise $11million and float on AIM
SDX Energy, an Egypt focused exploration company, said it hopes to raise $11million via a private placement and is to float on the London Alternative Investments Market.
SeaEnergy shares suspended as it takes insolvency advice
Offshore energy services company SeaEnergy has suspended trading in its shares while it takes advice from insolvency practitioners after it revealed it will not be able to complete a sale of its Return to Scene business.
FTSE 100 soars to highest mark of the year after boost from China exports
The London market soared to a new high for 2016 as strong economic data from China overshadowed heavy falls from supermarket giant Tesco.
Madagascar Oil looks to delist from stock exchange
Madagascar Oil is considering delisting from the London Stock Exchange after entering into a framework agreement with its lenders to secure new financing.
Savannah suspends shares amid reverse takeover activity
Savannah Petroleum has suspended its shares from the Alternative Investment Market.