Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) this week reported its Q3 performance, highlighting strong production levels and continued expansion into environmentally beneficial initiatives.
The company’s CEO, Rusty Hutson Jr., shared insights with Proactive into quarterly performance, methane capture projects, and potential regulatory impacts from the incoming U.S. administration.
Africa Oil Corp (TSX:AOI) valuation is seen substantially higher over at Stifel, with the stockbroker repeating a ‘Buy’ recommendation following this week’s financial update.
The Toronto-listed oil firm, which is in the process of consolidating ownership of its Nigerian operations, this week told investors it had recorded improved production and cash flow in its third quarter – seeing 17,900 boepd and $68.2 million respectively.
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) told investors it has the green light for its planned drilling at the Galactica-Pegasus project in Las Animas County, Colorado.
Colorado’s Energy and Carbon Management Commission (ECMC) has approved permits for the drilling of five additional helium development wells at the project.
Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) told investors it is preparing for a further phase of drilling to extend the State 36-2R LNW-CC well at its flagship Paradox Basin project in Utah.
Chief executive Colin Harrington said it will open up State 36-2R as “a large and highly productive” well.
Plexus Holdings PLC (AIM:POS) has won a new order to supply its Exact exploration wellhead equipment on a rental basis for an offshore gas exploration project in the Middle East.
Subject to finalisation, the contract is set to generate approximately $1 million in revenue for Plexus starting in the second half of 2025.
Diversified Energy Company PLC's (LSE:DEC, NYSE:DEC) third quarter benefited from contributions from the Crescent Pass acquisition as well as a robust performance from the underlying portfolio, says Stifel.
On top of this operational delivery, Diversified continues to find new ways to extract value from the portfolio, says the house broker.
HeLIX Exploration PLC (AIM:HEX) told investors it has successfully completed drilling the Darwin-1 well, at the Rudyard project in Montana, encountering significant helium shows in multiple horizons.
The well was drilled down to 5,488 feet, and measured helium concentrations of up to 1,312 parts per million (ppm) – which is around 250 times the level found in ambient air.
Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) chief executive Rusty Hutson highlighted the strength of the business in delivering consistent cash flow and shareholder returns.
“Year-to-date, we have announced $85 million in dividend payments, retired $154 million in outstanding debt principal, and executed over $20 million in share repurchases,” Hutson said in today’s results statement for its third quarter.
Nostra Terra Oil and Gas Company PLC (AIM:NTOG, OTC:NTOGF) shares traded strongly on Monday, rising as much as 20%, after the company confirmed the success of its well workover activities in Texas.
Today, the company told investors it had completed Phase 1 of its workover program at the Pine Mills field in Texas, which delivered a 60% increase in production.
Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) has been tipped as a ‘buy’ as it confirmed a successful result in its latest horizontal well, CNB HZ-6.
Zeus Capital, in a note, repeated its recommendation and highlighted a price target of 48.8p, suggesting the dual-listed firm’s value could double from the current price of 24.05p.
Nostra Terra Oil and Gas Company PLC (AIM:NTOG, OTC:NTOGF) has completed Phase 1 of its workover program at the Pine Mills field in Texas, which delivered a 60% increase in production.
The company, in a statement, said that oil production now averages around 120 barrels of oil per day (BOPD) net, thanks to the return of five previously shut-in wells to production.
Tower Resources PLC (AIM:TRP) has raised £275,000 of additional capital, issuing further new shares in response to investor demand.
The latest share subscription – some 1.01 billion shares priced at 0.027p each, a 3.6% discount – comes after a successful $14 million funding announced last month.
Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) announced that its fifth Ubaque horizontal well, CNB HZ-6, at the Carrizales Norte field, has now been brought into production.
The well initially produced 2,250 barrels of oil per day (bopd) gross, 1,125 bopd net) before being fitted with an electric submersible pump, which has since helped sustain production at over 1,900 bopd gross (960 bopd net) with a 31% water cut.
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) has kicked off drilling operations for the Megrez-1 well, located in the Ahpun field in Alaska’s North Slope.
The Megrez well aims to explore three topset horizons, testing targets estimated to host up to 609 million barrels of ANS crude and 3.30 trillion cubic feet of natural gas.