Market Report
Sutton Harbour reports 'strong' post-Covid recovery
Sutton Harbour Group said in an update on Monday that trading was continuing to make a “strong recovery”, with sustained high levels of occupancy at the marinas now reaching capacity, and car parking revenues back to the peak trading levels of two years ago.
UKOG gets consent to recomplete Horse Hill-2z well
UK Oil & Gas announced on Monday that, following the Environment Agency's Horse Hill production consent on 4 May, the North Sea Transition Authority - formerly the Oil and Gas Authority - has now granted its formal consent for the recompletion of Horse Hill-2z into a water reinjection well.
Horizonte progresses Araguaia after it completes funding
Horizonte Minerals updated the market on the March quarter on Monday, having closed the $633m funding package for the construction of the Araguaia nickel project.
Pantheon Resources progresses drilling of Alkaid 2
Alaskan North Slope-focussed oil and gas company Pantheon Resources said on Monday that it has formally executed contracts for the Nabors 105AC drill rig to drill the Alkaid 2 well, scheduled to spud in July.
Volex completes acquisition of inYantra Technologies
Integrated manufacturing and power products company Volex announced on Monday that it has completed the acquisition of inYantra Technologies.
Life Science REIT pays £120m for Oxford Technology Park
Life Science REIT has acquired Oxford Technology Park (OTP), it announced on Monday, for £120. 3m.
Proteome Sciences maintains strong order book
Proteome Sciences said in an update on Monday that it had maintained a strong order book after recording a small profit in 2021.
Diversified Energy upbeat on first quarter production
Diversified Energy Company reported exit rate production of 136,000 barrels of oil per day, or 816 million cubic feet equivalent per day, at the end of its first quarter on Monday.
Manx Financial takes majority stake in partner Payment Assist
Manx Financial Group announced on Monday that its Manx Ventures subsidiary has agreed to acquire a 50. 1% interest in UK-focussed point-of-sale lender Payment Assist for initial consideration of £4m cash.