Union Jack Oil falls following £1.75m placing to fund post-Biscathorpe progress – worth a punt? (UJO)

Union Jack Oil (LSE:UJO) dipped 11.1pc to 0.08p on Wednesday after revealing a £1.75m placing to fund its progress following highly disappointing results at its Biscathorpe prospect in Lincolnshire last month. The oversubscribed placing, carried out at 0.075p a share, will be used to advance the business’s wider activities after the drilling of its West…

Nostra Terra online presentation: Matt Lofgran talks investors through Mesquite’s massive potential (NTOG)

Last night saw Matt Lofgran, CEO of Nostra Terra Oil & Gas (LSE:NTOG) update shareholders and investors on the firm’s progress in an exclusive online presentation and Q&A session hosted by ValueTheMarkets.com. The event, recorded and viewable below, saw Lofgran reiterate the opportunity offered by the business through its experienced management team and portfolio of…

Infrastrata awards engineering contract designed to cut Islandmagee costs by £65m (INFA)

Infrastrata (LSE:INFA) bounced 5.1pc to 0.9p on Tuesday after awarding an engineering contract for its flagship Islandmagee gas storage project that is expected to save tens of millions of pounds. It has given the engineering design works contract for the Northern Island-based project to a business called Costain. It expects the plan to enable £65m…