1947 Oil & Gas PLC has started trading on the AIM market, raising about £30 million to fund its $65 million acquisition of Renaissance Offshore, a Houston-based company with assets in the US Gulf of America. The acquisition provides an immediate production base of around 3,300 barrels of oil equivalent per day, mostly oil, with plans to increase production to over 4,000 boe/d in 2027 and 5,000 boe/d in 2028. The company plans to grow through low-risk recompletions and undeveloped reserves, alongside acquiring more mature oil assets in the Gulf region. Analysts at SP Angel have given a Buy recommendation with a 15.5p price target, expecting the AIM listing to support further growth and acquisitions.
1947 Oil & Gas has debuted on the AIM market with plans to increase production to over 5,000 barrels of oil equivalent per day by 2028. For readers following the energy sector, here is Pluang's market snapshot as of Sep 28, 2026 14:41 WIB: out of 38 priced US energy stocks, 24 rose and 13 fell. Notable movers include Sunrun Inc (RUN) at USD 8.00 with a 1-day change of -1.36%, Enphase Energy Inc (ENPH) at USD 31.99 down 1.27%, and Occidental Petroleum Corporation (OXY) at USD 57.55 up 1.21%.
Hedera (HBAR) surged 7.82% within an hour to $0.1058 on September 28, pushing its 24-hour gain to 10.58%. The token rose from $0.09814 to $0.1058, with trading data from Binance's HBAR/USDT spot market. During this period, liquidations on Binance, By...
Bitcoin's short-term holders have an MVRV ratio of 1.15, indicating they hold an average 15% unrealized profit. This ratio, which compares market value to realized value, reached its highest since November 2025 after Bitcoin's price rose above the sh...
Bitcoin spot ETFs attracted $2.4 billion in net inflows during the week ending September 25, 2026, marking their largest weekly gain since October 2025. This surge reversed a negative trend, pushing year-to-date flows to a positive $934 million after...
The US and China announced plans to reduce tariffs on $30 billion worth of goods from each country, including US imports of toys and sports equipment and Chinese imports of American agricultural products. This move aims to ease the US trade deficit w...
Cardano (ADA) fell 2.04% in the last 24 hours, influenced by Bitcoin's retracement near $84,000 and resistance around $0.26. Despite this, ADA retains a strong 6.89% gain over the past week, supported by steady buying pressure and bullish momentum in...
