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ADX Energy (ADX AU)C; Target price of A$0.06 per share: Raising new equity to accelerate high impact drilling – ADX has raised A$ 2.55 mm of new equity priced at A$ 0.006 per share. New investors will also receive one option for every two placement shares at a strike price of A$ 0.013 per share with an expiry date of 2 years. The proceeds of the raise will fund (1) the planning and purchase of long lead items for the high impact 800+ b
Companies: KOS TGL SNM MAHAA SU SQZ HUR JSE TXP FEC GTE DEC CNE ALV ALV EGY VLE 88E AOI DNO DNO AKRBP AKERBP ZPHR TETY TETY ADX GPRK GPRK
88 Energy has announced a maiden, independently certified prospective resource estimate of 1.03Bnbbls of oil (gross mean, unrisked) for Project Icewine East. Compared to 88 Energy's previous Project Icewine opportunities, Icewine East is a very different proposition, targeting conventional reservoirs which have been significantly de-risked by Pantheon Resources' recent drilling success immediately north of the Project Icewine East acreage. Full interpretation of the Project Icewine East dataset
Companies: 88 Energy Limited
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 objectives, financial situation or
Companies: WSG VCP 88E ATYM CCS POW
Cooling demand driving US gas prices
Companies: 88E KIST SQZ
Oil posted the biggest weekly decline since early April on growing signs that a global economic slowdown is curbing demand. Prices are near the lowest level in six months.
West Texas Intermediate settled at $89 a barrel, ending the week nearly 10% lower. US gasoline consumption has dropped, stoking demand concerns, while low liquidity has added to volatility. Supplies from Libya also picked up, helping to shrink key oil futures time-spreads and ease the tightness in the market.
Companies: FO 88E CHAR DEC EME GTC TRIN WEN
Oil fell for a second-consecutive month as a deteriorating demand outlook offset concerns over tight physical supplies.
West Texas Intermediate rose Friday, bringing this week's gain to around 4%. Futures nevertheless recorded their first back-to-back monthly decline since 2020 as fears of an economic slowdown fuelled bearish sentiment across markets. The US economy shrank for a second quarter as rampant inflation undercut consumer spending. Citigroup Inc says there are signs the oil market
Oil posted a weekly loss with softer European economic data and signals of US fuel demand stalling souring the market's outlook.
West Texas Intermediate fell 1.7% to slip below $95 a barrel in a choppy session. Crude posted a weekly decline as broader markets swayed oil prices in sessions characterized by sharp swings and low liquidity. On Friday, soft Euro-zone economic activity data added to fears that a recession might be on the horizon.
Supply disruptions offset some of the bearishnes
Oil ended the week below $100 a barrel for the first time since early April after another volatile period of trading marked by escalating concerns over an economic slowdown.
West Texas Intermediate settled above $97 a barrel, down 6.9% this week. Oil saw another hugely volatile week of trading, which saw prices at one point wipe out all of their gains since Russia invaded Ukraine. Earlier this week, a report showed that US inflation rose to its highest in four decades while high US gasoline p
Oil posted a weekly decline as volatile trading and recession fears overshadowed a fundamentally tight supply picture.
West Texas Intermediate crude futures rose to settle over $104 a barrel on Friday but it was not enough to stave off a weekly decline of 3.6%. Investors remain concerned that restrictive US monetary policy could herald a recession. Still, physical signals remain robust, especially in the US, where the prompt timespread, which closely reflects the supply and demand balances at t
Oil rose in thin trading ahead of the US holiday weekend as export disruptions in Libya exacerbated global supply concerns. West Texas Intermediate rose over $108 a barrel, posting a slight weekly gain after dropping the previous two weeks. Production from the Organisation of Petroleum Exporting Countries dropped by 120,000 barrels a day in June for a second straight monthly decline, according to a Bloomberg survey. Libyan exports have fallen to about one-third of last year's level after a worse
Arrow Exploration (AXL LN)C; Target price of £0.45 per share: Another well delivers flow rate above expectations – The RCS-1 well was flow tested at oil rates of up 1,872 bbl/d (936 bbl/d net to Arrow) of 30 API crude from the C7B sands. The zone was tested for 33 hours at an average oil rate of 1,076 bbl/d (538 bbl/d net to Arrow) with no formation water. Production will start next week at ~1,000 bbl/d (500 bbl/d net) in order to mini
Companies: UKOG TXP SQZ BLOK AOI 88E ZPHR GPRK GPRK CEG AXL
Compared to previous Project Icewine opportunities, Icewine East is a different proposition, targeting conventional resources across multiple plays which have been significantly derisked following Pantheon's recent drilling success immediately north of the Project Icewine acreage. 88 Energy has access to a large, high-quality dataset (including 2D and 3D seismic datasets and Icewine-1 and 2 well logs), allowing the Company to calibrate this extensive dataset with the Pantheon wells to define an
Oil posted its first back-to-back weekly loss since early April as fears of a demand-sapping global recession and tighter US monetary policy ripped through commodity markets to spur a broad sell-off.
West Texas Intermediate fell 1.7% for the week to settle at $107.62. US Federal Reserve Chair Jerome Powell's hawkish testimony to Congress earlier in the week overshadowed a fundamentally tight market.
Prices clawed back some of the week's losses Friday as the University of Michigan's final June
Oil fell the most in three months as Federal Reserve Chair Jerome Powell doubled down on his determination to curb the hottest inflation in decades with more aggressive rate hikes.
West Texas Intermediate dropped to $109.56, shedding 6.8%, the biggest daily drop since March. Powell this week openly endorsed for the first time raising interest rates well into restrictive territory, a strategy that's often resulted in an economic downturn and could blunt energy consumption. On Friday he reitera
Oil posted its seventh weekly gain as tight fuel-supply balances sustain bullish fundamentals, though headwinds brought on by accelerating US inflation capped crude's advance.
West Texas Intermediate fell 0.7% after trading in a $4 range during a volatile session on Friday. Despite the fall, WTI ended the week 1.5% higher. The US Labor Department reported inflation quickened to a 40-year high, chilling broader markets and potentially signalling to the Federal Reserve to extend an aggressive
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We currently have 17 research reports from 6
Jubilee today reported its unaudited operational results for the six-month period to 30 June 2022. Performance during the period has been boosted with the delivery of significant investment programmes (totalling c. £58m) at the Inyoni Platinum Group Metals (PGM) operation in South Africa and the Roan copper concentrator in Zambia.
Companies: Jubilee Metals Group PLC
North Kelsey planning appeal submitted
Companies: Union Jack Oil Plc
Companies: Touchstone Exploration Inc
Pantheon Resources announced that it has commenced drilling operations for the Alkaid#2 well.
WHI View: We are most excited about the Alkaid #2 well because its intention, amongst other things, is to i) test the depth of the Alkaid structure, which we believe is likely to increase the known scale of the resource, and ii) to production test a horizontal, multi-stage fractured well drilled into the formation – the first of its kind drilled by Pantheon in Alaska.
Companies: Pantheon Resources plc
Sylvania Platinum is a safe, low-cost surface platinum group metals (PGM) dump re-treatment company operating in South Africa (SA). Its low-cost operations met production challenges in the first three quarters of FY22, but in Q4 recorded near-record production. However, PGM basket price pressures due to global recessionary concerns, and a modest tick-up in cost inflation, have resulted in a 12.5% reduction in our FY22 EPS forecast. Sylvania is still operating at a healthy margin of 41% on our FY
Companies: Sylvania Platinum Ltd.
The corner has been well and truly turned
Companies: Gulf Marine Services PLC
Dish of the day
No joiners today.
Leavers: No leavers today.
What’s cooking in the IPO kitchen?**
Unigel Group, intends to join the Aquis Growth Market. Unigel Group is a pioneer in the field of thixotropic gels for the fibre optic cable industry. The Company is also a supplier of laminated steel tapes to the fibre optic cable industry in the US. Thixotropic gels and laminated steel tapes are essential components to the rapidly growing global fibre optic cable market. The Group exports
Companies: UJO FAB HAT HZM SYM TRAC
Companies: Hurricane Energy Plc
Condor Gold (“CNR”) has announced final metallurgical test results as it progresses towards completion of the full La India Feasibility Study (“FS”). The results show an average recovery rate of 92.6% is achievable over the life of mine (“LoM”). Net of losses in the plant, CNR has confirmed it will apply a 91% assumed recovery rate within the upcoming FS, consistent with the 2014 PFS and Oct’21 updated PEA. This an important tick in the box as CNR advances the project towards development, with t
Companies: Condor Gold plc
Hannam & Partners
Dish of the day
No joiners today.
No leavers today.
What’s cooking in the IPO kitchen?
Unigel Group, intends to join the Aquis Growth Market. Unigel Group is a pioneer in the field of thixotropic gels for the fibre optic cable industry. The Company is also a supplier of laminated steel tapes to the fibre optic cable industry in the US. Thixotropic gels and laminated steel tapes are essential components to the rapidly growing global fibre optic cable market. The Group export
Companies: SDI FUL PURP OSI IXI BSE BRSD ATM
Companies: Atlantic Lithium Limited.
Companies: i3 Energy Plc
Arkle Resources* (ARK LN) –Follow-up drilling planned on a promising structural target at Stonepark
Atalaya Mining (ATYM LN) – Cost impact of Ukraine dents H1 financial performance
Hochschild (HOC LN) – Environmental permit granted for Mara Rosa Project
Jubilee Metals Group (JLP LN) – H2 2022 operational results highlight completion of £58m investment programme in S Africa and Zambia
Power Metal Resources* (POW LN) – Phase-1 exploration underway at Athabasca Basin Uranium Project
Companies: PGM ARK HOC JLP POW ATYM
Shanta Gold (AIM: SHG), the East Africa-focused gold producer has today released results from 10,082m of drilling across 35 holes conducted in Q1 and Q2 2022 at its West Kenya Project (WKP). All results are from drilling at the two main deposits Isulu and Bushiangala. These are part of the Phase 2 drill programme that aims to upgrade the resources at these two deposits to indicated category down to 550m depth and further explore the Ramula and Kimingini targets. For 2022 the Company has targeted
Companies: Shanta Gold Limited
COPL has received a Resource Report (CPR) prepared by independent consultancy Ryder Scott confirming its deep oil discovery on its lands in Converse and Natrona counties, Wyoming. The Report was commissioned by COPL to supplement its internal assessment of crude oil resources in its discovery disclosed to the market in January 2022. The CPR supports the Company’s conclusion that the Frontier 2 and Dakota discoveries are large stratigraphic oil accumulations encompassing the reserves at the Compa
Companies: Canadian Overseas Petroleum Limited