UK TRADING UPDATE SUMMARY: Polar Capital Adds GBP1.2 Billion To Assets
Thu, 17th Dec 2020 19:37
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
Reach PLC - newspaper, magazine and digital publisher - Notes over 5 million customers have now registered with Reach across its online newsbrands, newsletters, hyperlocal site InYourArea, and other websites. Fourth quarter digital revenue performance is on track to be the highest on record, and expected to exceed 20% year on year growth. Chief Executive Jim Mullen says: With customer registrations significantly ahead of our initial target at 5 million, and our digital revenues continuing to go from strength to strength, we are now focused on the next phase of our strategy, which will utilise enhanced data and insights with the Reach ID being key to that.
Turkey: UKOG applies for three new Turkish licences
10 Dec 2020
UK Oil & Gas (UKOG) has announced that, together with its 50-50 Turkish joint venture partner,
Aladdin Middle East ( AME ), the Company has applied to the Turkish authorities for three further exploration licences in south east Turkey. The application area covers four c. 150 sq km blocks lying to the south and south east of the Company s 305 sq km
Basur-Resan Licence (see RNS releases of July 23 and October 13, 2020). This application is on a ground floor basis with UKOG responsible solely for its 50% share of any future costs.
The four blocks straddle multiple large identified undrilled surface geological features (i.e. surface anticlines), each geologically similar to the Company s Basur-Resan oil appraisal project, AME s producing East Sadak oil field and the Kurdistan Region of Iraq s oil fields to the south. To date, the application blocks have been scantily explored with almost no seismic coverage and few we
UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that together with its 50-50 Turkish joint venture partner, Aladdin Middle East ( AME ), the Company has applied to the Turkish authorities for three further exploration licences in south east Turkey. The application area covers four c. 150 km² blocks lying to the south and south east of the Company s 305 km² Basur-Resan Licence (see RNS releases of July 23 and October 13, 2020). This application is on a ground floor basis with UKOG responsible solely for its 50% share of any future costs. A map showing the application blocks will be made available on the Company s website in due course.