STOCK WATCH

GAS production has stepped up at the Ceres field in the southern North Sea giving Egdon Resources a boost.

Egdon owns 10pc of the Ceres field, which is operated by Centrica’s Spirit Energy.

Egdon’s share averaged 1.2m cubic feet of gas per day in November, which was the first full month of production since the installation of a flowmeter.

The company said its net gas sales for the month would be in excess of £235,000.

Egdon shares climbed 14.8pc, or 1p, to 7.75p.