UK-listed independents get busy

Shareholder antipathy towards oil and gas is no stumbling block to activity

The consensus view is that European investors have fallen out of love with hydrocarbons and that producers get little affection in its equity markets. But that belies a reality where there remain large numbers of oil and gas firms listed in Europe, including a slew of smaller independents in London. And several of these firms have shrugged off their unfashionable reputation with bullish updates thus far in January, including Eco Atlantic’s southern Africa acquisition, Chariot’s promising find in Morocco and SDX Energy bringing on new production in Egypt. But they are not alone. Georgia-focused Block Energy completed its JKT-01Z well in early January 2022 and reports that “considerable mud lo