Proactive News Headlines: Diversified Energy Company, Nuformix, Quantum Blockchain Technologies …


Diversified Energy Company PLC (LSE:DEC, OTCQX:DECPF) and its investment partner Oaktree Capital Management agreed to divest their interests in predominantly undeveloped acreage in Texas. The land package, referred to as the Haynesville acreage, is being sold for US$72.8mln which delivers around US$37.3mln net to DEC.

Creo Medical Group PLC (AIM:CREO) said it is acquiring a manufacturer of components used in its CROMA Advanced Energy platform.

Galliford Try Holdings PLC (LSE:GFRD) said it is confident of meeting its objectives for the current financial year, with the business performing well in the new financial year and continuing to manage the challenges from inflation and in the supply chain.

United Oil & Gas PLC (AIM:UOG) told investors the Al Jahraa-13 development well (AJ-13), at the Abu Sennan licence, onshore Egypt, has been spud. The well programme is expected to take 65 days as it aims for stacked Upper and Lower Bahariya reservoir targets.

Nuformix PLC (LSE:NFX) said it has filed a second patent application for a new family of co-crystalline forms of an drug already on the market and which had sales of more than GBP1bn in 2020.

Quantum Blockchain Technologies PLC (AIM:QBT) has published an update on the legal action started by Sipiem, which was later acquired by Clear Leisure, against Sipiem’s previous board and internal audit committee.

Powerhouse Energy Group PLC (AIM:PHE) has drawn shareholders’ attention to a framework agreement signed by its development partner Hydrogen Utopia International PLC (HUI) with Linde Engineering. Linde has been granted the exclusive right to supply HUI in HUI’s development of Powerhouse DMG technology.

Mosman Oil and Gas Ltd (AIM:MSMN) told investors it continues to progress the exploration of the EP 145 exploration permit in Australia’s Northern Territory.

Horizonte Minerals PLC (AIM:HZM, TSX:HZM, OTC:HZMMF) said it made significant progress on preparation activities at its Araguaia ferro-nickel project in Brazil in the third quarter.

Brunner Investment Trust (LSE:BUT) PLC’s recent strong performance has demonstrated the advantages of a balanced approach when conditions are favourable, a City broker said.

Altus Strategies PLC (AIM:ALS, TSX-V:ALTS, OTCQX:ALTUF) chief executive Steven Poulton said the past quarter was significant and highly productive for the company, marked in particular by the closing of the US$34.1mln landmark acquisition of the cash-paying Caserones copper royalty in Chile.

Empyrean Energy PLC (AIM:EME) noted the exercise of warrants, priced at 12p, for GBP30,000 of proceeds.


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