Alkane Energy (ALK)

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 34.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 51.00
  • 52 Week Low: 31.75
  • Currency: UK Pounds
  • Shares Issued: 147.58m
  • Volume: 27,342
  • Market Cap: £50.91m
  • RiskGrade: 110
  • Beta: 0.24

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 34.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 51.00
52 Week Low 31.75
Volume 27,342
Shares Issued 147.58m
Market Cap £50.91m
Beta 0.24
RiskGrade 110

Alkane Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
66.45% below the market average66.45% below the market average66.45% below the market average66.45% below the market average66.45% below the market average
75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average
Price Trend
21.43% below the market average21.43% below the market average21.43% below the market average21.43% below the market average21.43% below the market average
64.71% above the sector average64.71% above the sector average64.71% above the sector average64.71% above the sector average64.71% above the sector average
Income
91.6% below the market average91.6% below the market average91.6% below the market average91.6% below the market average91.6% below the market average
Sector averageSector averageSector averageSector averageSector average
Growth
70.02% above the market average70.02% above the market average70.02% above the market average70.02% above the market average70.02% above the market average
53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_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 26-Nov-2014

Time Volume / Share Price
10:48 1,000 @ 34.35p
10:07 5,020 @ 34.35p
08:55 17,500 @ 34.25p
08:49 3,622 @ 34.35p
08:08 200 @ 34.38p

Alkane Energy Key Personnel

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

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