3 Companies Rising on Good News for Friday 21st April 2023
Episode 1352, Apr 21, 2023, 10:47 AM
3 Companies Rising on Good News for Friday 21st April 2023
1. UK Oil & Gas #UKOG - Turkey: Pinarova-1 oil shows & testing
UK Oil & Gas announce that after drilling ahead within the target Eocene Hoya limestone sequence, Pinarova-1 encountered oil shows in drill cuttings from 358 to 400 metres drilled depth.
Given these encouraging observations, it has been decided to conduct open hole swabbed flow testing over the zone between 293 and 400 metres drilled depth. Preparations for testing operations are underway.
Following testing operations, which are expected to run over the coming weekend, drilling is planned to continue through the underlying zone lying coincident with the uppermost and strongest seismic amplitude anomaly observed within Pinarova's core.
2. Cap10 Partners LLP & Sureserve Group #SUR - RECOMMENDED CASH ACQUISITION of Sureserve Group plc
The Acquisition Price of 125 pence for each Sureserve Share represents a premium of approximately: 38.9 per cent to the Closing Price of 90 pence per Sureserve Share on 20 April 2023
3. Network Intnl Hldgs #NETW - Response to press speculation
The Board of Network notes the recent press speculation regarding a possible offer for Network by Brookfield Asset Management Limited and confirms that it has received a highly preliminary, non-binding proposal regarding a possible cash offer of 400 pence.
1. UK Oil & Gas #UKOG - Turkey: Pinarova-1 oil shows & testing
UK Oil & Gas announce that after drilling ahead within the target Eocene Hoya limestone sequence, Pinarova-1 encountered oil shows in drill cuttings from 358 to 400 metres drilled depth.
Given these encouraging observations, it has been decided to conduct open hole swabbed flow testing over the zone between 293 and 400 metres drilled depth. Preparations for testing operations are underway.
Following testing operations, which are expected to run over the coming weekend, drilling is planned to continue through the underlying zone lying coincident with the uppermost and strongest seismic amplitude anomaly observed within Pinarova's core.
2. Cap10 Partners LLP & Sureserve Group #SUR - RECOMMENDED CASH ACQUISITION of Sureserve Group plc
The Acquisition Price of 125 pence for each Sureserve Share represents a premium of approximately: 38.9 per cent to the Closing Price of 90 pence per Sureserve Share on 20 April 2023
3. Network Intnl Hldgs #NETW - Response to press speculation
The Board of Network notes the recent press speculation regarding a possible offer for Network by Brookfield Asset Management Limited and confirms that it has received a highly preliminary, non-binding proposal regarding a possible cash offer of 400 pence.