Alkane Energy (ALK)

38.75p
   
  • Change Today:
    -1.25p
  • 52 Week High: 51.00
  • 52 Week Low: 28.50
  • Currency: UK Pounds
  • Shares Issued: 124.24m
  • Volume: 139,170
  • Market Cap: £48.14m
  • RiskGrade: 115
  • Beta: 0.34

Alkane Energy rises on tie up with Aberdeen Drilling

Date: Wednesday 15 Feb 2012

LONDON (ShareCast) - Alkane Energy is “farming in” Aberdeen Drilling to two of its exploration licences in the North East and East Midlands regions of England.

The agreement could see Aberdeen gain up to 50% of the concessions in a drilling campaign focused on “coal bed methane”.

The estimates for the total gas in place for both sites are currently 385bn cubic feet.

Alkane’s Chief Executive, Neil O'Brien, said the deal, which is Alkane’s first venture in coal bed methane, was part of a strategy of transferring skills to “related business streams.”

The company’s main focus is extracting methane from coal mines.

News of the tie up saw the stock gain 4.03% by 10:15am. Over the last year Alkane shares have dropped 4.6%.

BS

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Alkane Energy Market Data

Currency UK Pounds
Share Price 38.75p
Change Today -1.25p
% Change -3.13 %
52 Week High 51.00
52 Week Low 28.50
Volume 139,170
Shares Issued 124.24m
Market Cap £48.14m
Beta 0.34
RiskGrade 115

Alkane Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
74.47% below the market average74.47% below the market average74.47% below the market average74.47% below the market average74.47% below the market average
84.62% below the sector average84.62% below the sector average84.62% below the sector average84.62% below the sector average84.62% below the sector average
Price Trend
35.20% above the market average35.20% above the market average35.20% above the market average35.20% above the market average35.20% above the market average
41.18% above the sector average41.18% above the sector average41.18% above the sector average41.18% above the sector average41.18% above the sector average
Income
89.6% below the market average89.6% below the market average89.6% below the market average89.6% below the market average89.6% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
72.21% above the market average72.21% above the market average72.21% above the market average72.21% above the market average72.21% above the market average
69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 3
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Alkane Energy Dividends

  Latest Previous
  Final Final
Ex-Div 23-Apr-14 17-Apr-13
Paid 30-May-14 31-May-13
Amount 0.20p 0.100p

Trades for 23-Apr-2014

Time Volume / Share Price
16:14 25,000 @ 37.65p
13:15 1,563 @ 39.00p
13:13 22,000 @ 37.65p
12:34 222 @ 39.05p
12:03 25,575 @ 39.10p

Alkane Energy Key Personnel

Chair John Lander
Finance Director Stephen Goalby
CEO Neil Christopher O'Brien
Chair Roger McDowell

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