Small and mid-cap energy names delivered a run of steady operational updates, with data licensing wins, unchanged full-year guidance and a debt repayment all pointing to resilience despite Middle East disruption weighing on the services sector. Production gains at Angus Energy and balance-sheet strength at PetroTal rounded out a session where fundamentals, not sentiment, drove the narrative.
Getech lands fifth super-major on Globe platform
Getech Group (GTC) signed a multi-year deal bringing a fifth of the world's six super-majors onto its Globe data and interpretation platform, chief executive Chris Jepps calling the win a strong endorsement of the quality of the company's geoscience offering. Shares slipped 2.326% to 2.1p even as the deal underscores Getech's deepening entrenchment across the industry's largest operators, with only one super-major now outside the client base.
Ashtead Technology holds guidance through Middle East disruption
Ashtead Technology Holdings (AT.) confirmed the board remains comfortable with full-year market expectations, provided disruption in the Middle East eases through the second half and project scheduling holds steady. Shares stood at 499.2p as the subsea equipment rental specialist signalled confidence that near-term regional headwinds will not derail its annual targets.
Hunting holds guidance as Subsea and Perforating drive momentum
Hunting (HTG) left full-year expectations unchanged after a first half in which its Subsea and Perforating Systems businesses sustained strong momentum, according to chief executive Jim Johnson. Shares rose 1.778% to 458.0p as the order book continued to build, reinforcing management's confidence in the second-half outlook.
Angus Energy revenue climbs 37% as Saltfleetby workovers lift output
Angus Energy (ANGS) reported quarterly revenue up 37% to £7.16m, driven by higher gas prices and improved output following workovers at its Saltfleetby field. The company also made its first debt repayment to Trafigura, a milestone in its financing arrangement, with shares gaining 2.778% to 0.185p.
PetroTal boosts cash pile after rig disposal
PETROTAL CORPORATION (PTAL) lifted its cash position to $136.8m after selling its Amazonia-1 drilling rig for $13.4m, with chief executive Manuel Pablo Zuniga-Pflucker's Peru-focused heavy oil producer also reporting second-quarter production running 3% ahead of budget. Shares eased 1.88% to 25.51p despite the improved balance sheet and operational outperformance.
