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Oil & Gas Today: Wildcat Petroleum plans Aquis listing and board overhaul, Eco Atlantic, Ascent Resources, Kistos
A busy Thursday for small-cap oil and gas saw corporate restructuring, deal momentum, legal closure, and a major development decision dominate the news flow.
KEFI signs $400m mining services contract for Tulu Kapi gold project
The contract is the largest single operational agreement for the project and covers the provision of open-pit mining services.
EQT agrees £12bn takeover of Intertek at £60 per share
Private equity group EQT has struck a recommended cash deal to acquire FTSE 100 testing and inspection group Intertek at £60.00 per share, valuing the business at approximately £12 billion.
Small Caps Today: Wildcat Petroleum, Quantum Blockchain, Eco Atlantic, Time Out, Shuka Minerals . . .
Corporate restructuring and market listings dominated small-cap newsflow, with Wildcat Petroleum and Quantum Blockchain Technologies both announcing Aquis Growth Market moves, while Eco Atlantic entered the second half with a run of deal activity.
Genedrive shares rise om Manchester NHS traction
"The Genedrive assay has become an integral part of our neonatal practice, enabling rapid identification of babies at risk of aminoglycoside-induced hearing loss," said Dr Ajit Mahaveer
BHP says Jansen Stage 2 costs rise by $2bn to an estimated $6.9bn
BHP has raised the total investment estimate for its Jansen potash Stage 2 project to $6.9 billion from $4.9 billion, while flagging a $2.3 billion impairment on the broader Jansen asset base.
New UK job data masks deeper hiring weaknes warns analyst
AJ Bell warns that data showing an apparent reduction in unemployment masks a deeper weakening in hiring activity, with economic inactivity rising and employer confidence under pressure.
Funding Circle completes tenth SME securitisation
The UK SME lending platform has crossed £2.5bn in total securitised issuance, with its latest transaction marking the British Business Bank's first participation in a Funding Circle public securitisation.
Tesco shares dip as first-quarter lands within lowered expectations
"With the conflict in the Middle East creating ongoing uncertainty for many households, we remain focused on giving customers the very best combination of price, quality and service," said chief executive Ken Murphy.
Ajax Resources expects July greenlight ahead of Macacha drilling
Chief executive Ippolito Ingo Cattaneo said the company's internal exploration objective is to assess the potential to increase the historical resource estimate "by up to five times".
Wildcat Gold plans board overhaul tied to Aquis Growth Market listing
The company will split its chairman and CEO roles and cancel 382.5 million warrants if its move to the Aquis Growth Market succeeds.
Tekmar Group's first half revenue jump drives positive earnings
The offshore energy services group posted its first positive adjusted EBITDA in at least two years for the six months to 31 March, backed by record order intake and a near-tripling of its order book.
Regional REIT secures £1.1m rent on two vacant Nottingham offices
A 20-year lease to a specialist electronics manufacturer eliminates roughly £700,000 in annual void costs at Sherwood Business Park.
Quantum Blockchain Technologies plans Aquis IPO for BlocKeeper subsidiary
Commercial negotiations with hashpower providers are underway, though agreements are conditional on the completion of a fundraising and Aquis admission.
Syncona life science portfolio rises to £839m as Beacon Therapeutics drives gains
The life science investor said it is "cautiously optimistic" that recovering biotech public markets will translate into improved private financing conditions
Anpario trading ahead of prior year with margins holding despite cost pressures
The animal feed additives maker says first-half revenue and profit are running in line with full-year consensus, with gross margins steady despite logistics and raw material inflation.
Informa reaffirms earnings guidance as five-month revenue grows 6.4%
"We have momentum in both our businesses, B2B Live Events and Academic Services, and are reconfirming full-year earnings guidance," said CEO Stephen A. Carter.
Ascent Resources says arbitration tribunal proceedings formally closed
The tribunal overseeing Ascent Resources' Energy Charter Treaty claim against Slovenia has closed proceedings, with a final award expected before the end of June.
Eco Atlantic enters H2 with deals in a row
"We are excited about the coming months and the number of additional corporate, operational and financial catalysts that lie ahead," said Gil Holzman.
London BTC stakes third Nevada gold project
"This new gold and silver project sits in the +40 million gold ounce corridor on the Walker Trend," Chairman David Lenigas