SP Angel Morning Energiser: 09/03/23

European gas storage negates outages

SP Angel Morning Energiser: 27/02/23

Rig count posts significant monthly drop

SP Angel Morning Energiser: 01/02/23

Exxon extols its higher spending

SP Angel Morning Energiser: 1/12/22

European Winter starts to bite

Auctus on Friday - 27/05/2022

AUCTUS PUBLICATIONS ________________________________________ Calima Energy (CE1 AU)C; Target price of A$0.75 per share: Becoming a dividend player - Calima intends to commence a half yearly dividend programme, beginning in 2H22 with first payment in 1H23. The initial half yearly dividend has been set at A$2.5 mm (~A$0.04 per share). On an annualized basis, this represents a 4.1% yield. The company also intends to undertake a share buy back programme for up to 10% of its issued capital in any 12

Auctus on Friday - 06/05/2022

Imperial Helium (IHC CN)C; Under review: Merger with Royal Helium to build a material player with discovered resources and huge upside - Imperial Helium is merging with Royal Helium with Imperial Helium shareholders set to hold ~30% of the combined entity. The share exchange ratio suggests a 10% premium to the Imperial Helium share price on the day prior to the announcement. Shareholders will vote on the transaction in June with completion expected in the 2nd half of June. Management, insiders a

Auctus on Friday - 14/04/2022

VAALCO Energy (EGY LN/US)C; Target price of £8.00 per share: Encouraging development well results - The Avouma 3H-ST development well encountered 268 metres of high-quality Gamba sands at the top of the structure with 28% porosity and one Darcy of permeability. This confirms the extension of the Avouma reservoir and is forecasted to increase the overall recovery from the field, potentially allowing for additional wells at Avouma. This could allow the firm to convert some 2P reserves into 1P rese

Hybridan Small Cap Feast 04/04/22

Joiners: Asimilar Group plc (ASLR.L), currently listed on AIM, has joined the Aquis Stock Exchange Growth Market (Access Segment). The Group invests in the technology and software sectors and aims to focus primarily on opportunities in the Big Data, Machine Learning, Telematics and Internet of Things areas. Whilst the Directors are principally focused on making investments in private businesses, they do not rule out investments in listed businesses if this presents, in their judgment, the best o

Hybridan Small Cap Feast 30/11/2021

Joiners Gelion (GELN.L) has joined AIM. UK-Australian energy-storage innovator founded in 2015 by Professor Thomas Maschmeyer as a spin-out from the University of Sydney. Capital to be raised on Admission £19.04m (£16m primary and £3m secondary). The company has also raised Capital of £6m following a conversion of loan notes. Anticipated Market Capitalisation £154.37m. Due 30 Nov. Leavers Two off AIM today. Caribbean Investment Hdgs and Silence Therapeutics. One off the Main Market (Premium), St

SP Angel Oil & Gas Daily Flow: 28/05/21

Market update - 28/05/2021

Small Cap Feast: 28/05/21

Dish of the day Trellus Health (TRLS.L) which is commercialising a scientifically validated, resilience-based, connected health solution for chronic condition management has joined AIM. · Successful Fundraising for gross proceeds of £28.5 million. Market capitalisation of approximately £64.6 million on Admission. Belluscura has joined AIM (BELL.L). The designer and manufacturer of FDA cleared, lightweight and portable oxygen concentrators has raised gross proceeds of £17.5 million, at an Issue

Small Cap Feast

Watchstone Group plc (LON:WTG) intends to apply for admission of its Ordinary Shares to trading on the Access segment of the AQSE Growth Market operated by the Aquis Stock Exchange (AQSE). It is expected trading will commence on 30 April 2021. Catena Group (CTNA.L) to complete reverse takeover and be renamed Insig AI and is acquiring the remaining shares of Insight Capital Partners. Insight, which is based in the UK, is a data science and machine learning solutions company that provides bespok

Oil & Gas Daily Flow

Jadestone Energy (JSE) – Maiden dividend to be declared alongside next years’ interims | Oilex (OEX): Acquisition of Major Cooper-Eromanga Acreage Position | Curzon Energy* (CZN): Half-year results, focus remains on Pared energy transaction | Solo Oil (SOLO) - Interim Results, rationalisation of its portfolio bear fruits | Bahamas Petroleum (BPC) - Interim Results for the Six Months Ended 30 June 2019

Small Cap Feast

AMRYT PHARMA PLC— a biopharmaceutical company focused on developing and delivering innovative new treatments to help improve the lives of patients with rare or orphan diseases have raised $60m before expenses and will relist on the AIM Market on the 25/09/2019. VAALCO Energy, Inc. (NYSE: EGY), an independent energy com pany focused on developm ent and production assets in West Africa, today announces its formal intention to seek a Standard Listing on the Main Market of London Stock Exchange ("LS

SP Angel – Oil & Gas View

Eco Atlantic Oil & Gas (ECO): Another significant discovery offshore Guyana | Savannah Petroleum (SAVP): Signature of Niger-Benin Export Pipeline Transportation Convention | Oilex (OEX): Further diversification of the company’s portfolio | Lansdowne Oil & Gas* (LOGP) - Completion of Barryroe Site Survey

LIBERUM: Sylvania Platinum* - 3p interim dividend & new policy

Updated Alkaid #2 test results

SHORE CAPITAL - Savannah Energy+ (SAVE, Under Review, Suspended) - Chad upstream asset update

Loony for Bougouni

Jubilee Metals - H1 FY2023 results

Jubilee today provides its unaudited financial results for the half-year period ending December 2022. Group Revenue of £63.1m (H1 FY2022: £63m) with £58m from its chrome/PGM operations in South Africa and £5m from copper in Zambia. Headline EBITDA of £10.3m (£13.7m) with a closing cash position of £11.7m (£21.5m) after continuing its capital investment program of £24.1m (£28.4m). Production of PGM was down in the period at 18.2koz (20.3koz), but all was from its own facility at Inyoni so cap

FY22 results update

Diversified Energy reported FY22 results that were slightly ahead of our expectations and we raise our 2023 EBITDA estimate by +3% ahead of what the group expects to be a ‘transformational' year.

Union Jack Oil (UJO LN) - Wressle update

Ongoing strong production from Wressle. Union Jack has released an update on revenues from its Wressle field (Union Jack 40%). Wressle has now achieved over US$14m of cumulative net revenues from the field since mid-August 2021, from US$13m as of early February 2023. The field continues to produce under natural flow and with zero water cut (most recently reported at a gross rate of 825-850bbl/d). These Wressle revenues continue to help underpin company financial performance, while also providing

Hybridan Small Cap Feast - 06 Mar 23

6 March 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 objective

Union Jack Oil (UJO LN) - Interim dividend declaration

New interim dividend of 0.3p. Union Jack has announced an interim dividend of 0.3p/share. This follows the 0.8p/share paid in 2022, and is enabled by the ongoing cash flows being generated from the company's Wressle development. Union Jack's share buyback programme also continues, with 2,825k shares repurchased so far (out of a potential up to 11.3m).

Wide margins maintained despite inflation headwinds

The inherent low-cost structure of CAML’s Kounrad and Sasa operations shone through in 2022 as the group delivered a very stable financial performance in the face of significant macro-economic headwinds. Neither operation was fully immune to global inflationary pressures, but they nonetheless drove EBITDA and free cash flow (FCF) generation to an impressive $132m (a margin of 57%) and $90m respectively, only a little below 2021 levels despite the macro challenges. This enabled CAML to continue t

LIBERUM: Caledonia Mining* - Model updated

Morning Note – 27 March 2023

FY22 - Focus on the next 6 months' operations

i3 Energy Update to Fair Value Estimate

We are updating our fair value estimate to reflect more conservative oil and gas price assumptions. We have lowered our 2023 WTI oil price estimate to $74.05/b from $83.10/b, to align our estimates with market dynamics. We have lowered our US benchmark (Henry Hub) natural gas price for 2023 to $3.02/mmbtu from $3.36/mmbtu, which reflects the most recent price forecast made by US EIA Short Term Energy Outlook. As a result, we are lowering our fair value estimate for i3 Energy to 26.2p from 31.6p

SHORE CAPITAL - TOUCHSTONE EXPLORATION+ (TXP, 61p, House Stock) - FY22A results exceed our forecasts; Cascadura remains on track versus prior guidance