Good Energy Group: Positioned for sustainable growth

Every silver lining has a cloud

Acquisition of JPS

Hybridan Small Cap Feast - 12 Feb 24

12th February 2024 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment obj

Why buy Good Energy now?

Hybridan Small Cap Feast

13th December 2023 Small Cap Team will take a break until Monday 8 January 2024 after this Friday 15th December. Merry Christmas to all our readers. @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be

Hybridan Small Cap Feast - 28/11/2023

28th November 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment obj

Strong second half trading

Record half year

Solar services

Union Jack Oil (UJO LN) - Full year 2023 results

Union Jack has released its 2023 results, showing the operating cash flow generated by Wressle and the ability to redeploy this to fund the company’s wider work programme. We expect the work programme to ramp up over the next 12+ months, with more drilling in the USA following the recent Andrews 1-17 success, further planned development at Wressle, further activity at West Newton, and the potential for drilling at Biscathorpe.

Rockhopper Exploration (RKH LN) - Full year 2023 results

Rockhopper has released its 2023 results, reporting ongoing development planning progress on its significant Sea Lion project, and work towards closure of its Italian arbitration award monetisation deal, which should bring in significant new cash for the company.

Orcadian Energy (ORCA LN) - Loan agreement and potential SNS license farm out

Orcadian has announced the initial agreement for a US$1.4m long term loan, alongside a potential farm out of its recently awarded SNS licence, which contains the Earlham discovery, Orwell field, and Clover prospect.

Union Jack Oil+ (UJO, House Stock at 24p) - Union Jack Oil+ (UJO, House Stock at 24p)

Union Jack Oil* (UJO LN) - Drilling activity accelerating into 2H24

Union Jack is an Aim-listed company with a portfolio of oil and gas production and appraisal assets located onshore UK and the US, which initiated cash returns to shareholders in 2022.

Chariot Limited (AIM: CHAR): Drilling at the second well onshore Morocco has commenced

• Chariot has started to drill the Dartois prospect onshore Morocco. The well is targeting a different reservoir system and trapping style than the Gaufrette prospect. • The main target at Dartois is estimated to hold 12 bcf of gross prospective resources. Success would de-risk a total of 20 bcf of gross prospective resources (+8 bcf) in the Dartois area. • A rig-less well test would be run in case of success. • Our unrisked NAV for the well is £0.05 per share with a ReNAV of £0.02 per share.

Oil & Gas - Cavendish sector note

Chariot, Jersey Oil & Gas, Savannah Energy, Touchstone Exploration, Kistos Holdings, i3 Energy, Tullow Oil, Harbour Energy, Serinus Energy, Gulf Keystone Petroleum, Caspian Sunrise, Equinor, IOG Source: FactSet, weekly change 13/05/2024-17/05/2024 Oil notched a weekly gain while futures stayed in a narrow range, with the outlook for supply and inflation in focus. West Texas Intermediate settled above $80 a barrel, posting a 2.3% weekly gain and the third advance in four weeks. Lower US crude sto

Morning Note – 22 May 2024

NextSource Materials - Initiation

NextSource is uniquely positioned to build a leading vertically integrated position, ex China, in the supply of Lithium-ion battery anode material which is essential for the Energy Transition. The company is commissioning phase 1 of its world-class Molo graphite mine in Madagascar and is in the final permitting process for its first Battery Anode Facility (BAF) to be located in Mauritius. The company is backed by Vision Blue, established by Sir Mick Davis, former CEO of Xstrata. On our calculat

SP Angel Morning View: Gold prices soar to >$2,450/oz as China debt and geopolitical fears drive prices

Better than expected

Pan African Resources - Upgraded FY24 production guidance

On 9 May, Pan African announced that it was narrowing its production guidance for the year ending 30 June 2024 to 186–190koz (cf 180–190koz previously), notwithstanding the cessation of production from surface sources at Evander in H2. Group AISC guidance was maintained at US$1,325–1,350/oz (at ZAR18.50/US$) however. Consequently, we have increased our H2 production forecast by 2.5% as well as increasing our H224 gold price by 9.2% to result in a US$20.6m positive variance in H224e revenue, only

SP Angel Morning View: Copper prices bounce of record highs following short squeeze

Criterium Energy Ltd (TSX-V: CEQ): Signing a binding sale agreement for Bulu for US$7.75 mm. Initial US$0.5 mm already received

• Criterium has signed a binding sale agreement for its interest in the Bulu PSC for US$7.75 mm in cash. The price is in line with previous indications. • This is a very important announcement as it provides more clarity on the divestment, the proceeds of which will boost the company's balance sheet and allow it to accelerate its investment program and grow production faster. • The total proceeds from the divestment are greater than the company's current market capitalization. • Pending the com

Looking ahead to high impact catalysts