30 April 2021 | 08:02am
StockMarketWire.com - Oil and gas company Diversified Gas & Oil said it had conditionally acquired certain Cotton Valley upstream assets and related facilities primarily in the state of Louisiana for $135 million.
The purchase and sale agreement with Indigo was for 780 net operated wells producing about 16 MBoepd.
The acquisition provided strategic entry into prolific, gas-producing Cotton Valley/Haynesville area, the company said. The acquisition will add about 50 MMBoe (~305 Bcfe) in PDP reserves,[and] DGO expects to close the transaction in the latter half of May 2021 following its customary diligence, reviews and approvals, it added.
The company also provided a first-quarter trading update, with adjusted average net daily production at 105 MBoepd.
30 April 2021 | 08:33am
StockMarketWire.com - The FTSE 100 opened up slightly, rising by 22 points as investors digested the latest quarterly results from blue chips including AstraZeneca and Barclays.
High-street bank Barclays reported a sharp rise in first-quarter profit as materially lower credit impairment charges offset a fall in income. For the three months through March, pre-tax profit jumped to a record £2.4 billion from £0.9 billion, while income slipped 6% to £5.9 billion year-on-year. However, its share price slipped in morning trading, down over 7% to 175.18p.
Packaging firm Smurfit Kappa has revealed that corrugated volume growth in the first quarter was up approximately 7% in both Europe and the Americas, driving underlying revenue growth of 6% to €2,269 million (£1,972 million). It opened today up over 100 points to £36.71 per share.
30 April 2021 | 11:54am
StockMarketWire.com - The FTSE 100 had dipped slightly by midday to 6,955.92 as investors weighed up mixed trading in Asia overnight with another outstanding set of numbers from the US tech sector as Amazon reported better than expected quarterly figures
High-street bank Barclays reported a sharp rise in first-quarter profit as materially lower credit impairment charges offset a fall in income. For the three months through March, pre-tax profit jumped to a record £2.4 billion from £0.9 billion, while income slipped 6% to £5.9 billion year-on-year. However, its share price slipped in morning trading, down 6% to 177.2p.
Packaging firm Smurfit Kappa has revealed that corrugated volume growth in the first quarter was up approximately 7% in both Europe and the Americas, driving underlying revenue growth of 6% to €2,269 million (£1,972 million). It opened today up 3.2% to £36.78 per share.