Arabian Drilling (SASE:2381) secured a contract from Masirah Oil Ltd. and Northern Offshore Ltd. as part of its entry into the Gulf Cooperation Council market.
The oilfield services company will drill two firm wells and two optional wells in Oman, according to a Wednesday release.
Arabian Drilling added that the contract is valued at less than 5% of its total revenue based on its 2025 audited financial statements.
Ramaco Resources (METC) said late Tuesday it has struck a non-binding memorandum of understanding with Indium Corp. for the potential supply of gallium and germanium from its exploratory Brook Mine rare earth and critical-mineral project in Wyoming.Any future supply will depend on due diligence, definitive agreements, successful development of the Brook Mine project and other applicable conditions, the company said.
Ellomay Capital (ELLO) reported Q2 earnings late Tuesday of 5.25 euros ($6.08) per diluted share, swinging from a loss of 0.60 euros a year earlier.Revenue for the quarter ended June 30 was 12.4 million euros, up from 11.3 million euros a year earlier.FactSet estimates were not readily available.
Evolution Petroleum (EPM) said Tuesday it agreed to buy mineral and royalty interests in the Midland Basin portion of the Permian Basin from a private seller for about $16 million.The deal is expected to close on or about Aug. 21, with an effective date of Aug. 1.The interests span about 3,420 net royalty acres across Reagan, Upton, Glasscock, Midland, and Martin counties, Texas, including 832 producing wells and estimated current production of about 210 barrels of oil equivalent per day, the company said.Evolution plans to fund the purchase using proceeds from a concurrent public stock offering, cash on hand, and borrowings under its revolving credit facility.