Arrow Exploration Corp's (TSX-V:AXL, AIM:AXL, OTC:CSTPF) first quarter results show revenue more than doubled year-on-year to $14.4 million from $6.9 million.
It follows a campaign of successful well drilling in Colombia, and the profile promises to step up again in the coming months as Arrow moves to horizontal well drilling – which will yield greater volumes.
Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) told investors its shares will be included in the Russell 2000 Index from 1 July, following the latest reshuffle of the benchmark.
"We are excited to join the Russell 2000 Index and increase our exposure to the US investment community, particularly following our solid first quarter results and the recent listing on the NYSE,” chief executive Rusty Hutson said in a statement.
Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) has received an additional US$250,000 of non-dilutive funding thanks to its latest research grant from the US Department of Energy (DOE).
Proceeds will support well-testing activities on the State 36-2R LNW-CC well at the company's project in the Paradox Basin, Utah.
Quadrise rose by 5% as the alternative fuel developer added another top name to the growing roster of companies interested in its MSAR products.
Morocco-based fertiliser and phosphate giant OCP is the latest to announce a trial, following global shipping concern MSC and Cargill, the crops and food transportation business.
Mosman Oil and Gas Ltd (AIM:MSMN) has provided an update on its Stanley and Cinnabar projects in the US.
The Stanley-5 well has seen oil production restored to previous levels of approximately 30-45 barrels of oil per day (bopd) following a successful workover, the company said.
Quadrise PLC (AIM:QED) has signed a commercial framework agreement with phosphate and fertiliser group OCP regarding the supply of shipping fuel MSAR and to carry out a paid-for trial at the Jorf Lasfar site in Morocco.
MSAR (pronounced ‘em-sar’) is Quadise’s green transition fuel for the shipping, industrial and utilities sectors.
Baron Oil PLC (AIM:BOIL) is to be renamed Sunda Energy plc, as it advances its business in South East Asia and its gas project in Timor-Leste.
"These are very exciting times for our company,” chief executive Andy Butler said in a statement.
Chariot Ltd (AIM:CHAR, OTC:OIGLF) told investors it has made a successful gas discovery at its OBA-1 well, onshore Morocco.
The well, part of a two-well drilling campaign in the Loukos Onshore licence, was drilled to a depth of 901 meters, reaching its target reservoirs on time and within budget.