Chesnara is “ready for further M&A” according to the research house Hardman thanks to the life and pensions consolidator’s “excellent” cash generation.
Analysts noted that while 2022 results came in behind its estimates, acquisitions, including that of Sanlam Life & Pensions, should “contribute more going forward.”
Diversified Energy Company PLC (LSE:DEC, OTCQX:DECPF) confirmed it retired 200 wells in Appalachia, US, over the past year, representing a 47% rise over the previous year.
In its fourth sustainability report, the US-focused oil and gas company added it also reduced its methane intensity by 20% compared to 2021 and is on track to hit its target of a 30% reduction by 2026.
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) has completed its previously announced fundraising in Zimbabwe.
The company raised US$5.825mln before expenses.
Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF)c has told investors that it will "comprehensively assess the situation" in Utah after a "significant well control incident" in the State 36-2 LNW-CC well, which occurred on Good Friday.
The company, in a statement, said that during workover operations what appears to have been a failure in a safety valve led to hydrocarbons being released from the well in an uncontrolled manner.
88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) has confirmed it will advance the Hickory-1 exploration well in Alaska to production flow testing as the latest batch of analysis describes the well’s targets as either meeting or exceeding pre-drill expectations.
The explorer, in a statement, said that multiple zones of the Hickory well will be flow tested with the programme to take place “as early as possible in the 2023/2024 winter operational season”. Preliminary planning has now begun for the programme, it added.
Ilika PLC (AIM:IKA, OTCQX:ILIKF), a pioneer in solid-state battery technology, said it has shipped the first batch of its Stereax cells to customer Blink Energy.
The shipment marks the beginning of a series of planned deliveries from the UK factory over the coming months.