Diversified Energy Company PLC's (LSE:DEC, NYSE:DEC) latest asset acquisition in Texas looks like a high-quality and well-priced addition, according to analysts at Peel Hunt.
The broker, following today’s deal news, repeated a ‘buy’ recommendation for the London and NYSE-listed American oil and gas company.
Quadrise PLC (AIM:QED) announcement that it is continuing to work with MSC and project counterparties to conclude the binding agreement between MSC and Cargill for trials on board the MSC Leandra, has been noted by house broker Shore Capital.
A previous announcement, on 6 February 2024, indicated that trials were set to start in the second quarter of 2024, subject to the conclusion of agreements.
Quadrise PLC (AIM:QED) told investors that it is in the process of finalising a binding agreement with MSC and Cargill for the upcoming vessel trials on the MSC Leandra.
Once the project agreement is signed, Quadrise's equipment will be installed and commissioned at the MAC² facility.
Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) has announced its latest acquisition, picking up what it described as high-quality natural gas properties in eastern Texas.
DEC is paying $106 million to acquire the assets from Crescent Pass Energy, including the issuing of 2.4 million shares to the seller.
Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) told investors that it has now begun production testing at the State 36-2R LNW-CC well, at the company's flagship project in the Paradox Basin, Utah.
It said the well is producing both natural gas and condensate and it described initial results as encouraging.
88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) Limited told investors it has begun a 2D seismic acquisition programme in the Owambo Basin, onshore Namibia.
The explorer holds a 20% interest in the project, in Petroleum Exploration Licence 93 (PEL 93), and it is earning its stake by funding the seismic work.