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Ecopetrol (EC US) (not covered) to acquire Colombian interest from Chevron (CVX US) (not covered) | Jadestone Energy (JSE LN): HOLD, £0.60; 3Q19 results | Noreco (not covered): 3Q19 results
Companies: Jadestone Energy PLC (JSE:LON)Ecopetrol SA (ECOPETROL:BOG)
Stifel FirstEnergy
Centaurus Energy (CTA CN) (not covered): 3Q19 results in Argentina | Ecopetrol (EC US) (not covered): Increasing spending in Colombia | i3 Energy (I3E LN)1 ; Speculative Buy, £1.50: Well result at Liberator | Longboat Energy (LBE LN) (not covered): Proposed trading on AIM | Wintershall: Dry well in the Norwegian Sea | Regal Petroleum (RPT LN) (not covered): Potential assets acquisition | Regal Petroleum (RPT LN) (not covered): Potential assets acquisition
Companies: GBP ECOPETL ENW I3E
Ecopetrol (EC US) (not covered): Production update in Colombia | Royal Dutch Shell (RDSA/B LN) (not covered): 3Q18 Results | DNO (DNO NO) (not covered): 3Q18 results | Genel Energy (GENL LN); SPEC. BUY, £3.65: Tawke and Peshkabir update | Africa Oil (AOI CN/SS): BUY, C$2.60 & Vitol & Delonex; Acquisition of Petrobras production offshore Nigeria | Tower Resources (TRP LN) (not covered): Cameroon reserves report
Companies: AOI ECOPETL SHEL TRP GENL NK1A
Canacol Energy (CNE CN) (not covered): 2Q18 results | Ecopetrol (EC US) (not covered): 2Q18 results | ENI (ENI IM) (not covered): Dry hole in Vietnam | Condor Petroleum (CPI CN) (not covered): 2Q18 results | Woodside Petroleum (WPL AU) (not covered): Transaction in Bulgaria | Africa Oil (AOI CN/SS): BUY, C$2.30: 2Q18 results | Orca Exploration (ORC.A/B CN) (not covered): 2Q18 results | Savannah Petroleum (SAVP LN) (not covered): Discovery in Niger | Weekly Crude Oil Cut Price direction: sidew
Companies: WDS AOI CNEC ECOPETL CPI SAVE ENI ORC/B
Ecopetrol (EC US) (not covered): 1Q18 results | Repsol (REP SM) (not covered): 1Q18 results | Volga Gas (VGAS LN) (not covered): Production update in Russia
Companies: Ecopetrol SA (ECOPETROL:BOG)Repsol SA (REP:BUE)
Ecopetrol (EC US) (not covered): YE17 reserves in Colombia | Range Resources (RRL LN/RRS AU) (not covered): Operating update | OMV (OMV AG) (not covered): 4Q17 results | SDX Energy (SDX LN)1,6; BUY, £0.60: Drilling results in Morocco | San Leon Energy (SLE LN) (not covered): Low production in Nigeria | Tlou Energy (TLOU LN) (not covered): Reserves increase in Botswana
Companies: OMV TLOU ECOPETL SDX SLE 0KTW
Ecopetrol (EC US) (not covered): 4Q16 results | Genel Energy (GENL LN); SPEC. BUY, £1.50: Payment for KRG export | Victoria Oil & Gas (VOG LN)1; BUY, £1.15: Very good deal in Cameroon | Cairn Energy (CNE LN); HOLD, £2.60: Drilling update in Senegal | Anglo African oil & Gas (AAOG LN) (not covered): New listing on AIM
Companies: ECOPETL CNE VOG GENL
Ecopetrol (EC US) (not covered): Reserves update in Colombia | Sirius Petroleum (SRSP LN) (not covered): Equity placing raising £2 mm & convertible loan facility cancellation
Companies: Ecopetrol SA (ECOPETROL:BOG)Sirius Petroleum (SRSP:LON)
Ecopetrol reported 1Q16 production of 736,600 boe/d (FCC 748,932 boe/d); however, cash flow was stronger at US$856 mm (FCC US$507 mm), due to a reduction in the purchase of hydrocarbons and lower contracted services, maintenance and labour costs. The Company recently announced revised 2016e production guidance of 715,000 boe/d, due to a reduction in capital spending that is now expected to range between US$3.0 and US$3.4 billion. We have reduced our target price to US$8.50 per share, while maint
Companies: Ecopetrol SA
Market Impact: Negative.
Ecopetrol reported 4Q15 production of 761,300 boe/d and cash flow of US$1.3 billion that beat our expectations.
Market Impact: Negative. Ecopetrol reported that 1P reserves decreased 11% to approximately 1.85 billion boe at year-end 2015. Negative reserve revisions due to the lower crude oil price could not be offset by cost optimization and improved efficiencies achieved by the Company. For 2015, total net reserve additions were approximately 15 mmboe, which results in a reserve replacement ratio of 6%. We estimate upstream capital expenditures at approximately US$3.0 billion in 2015e, which implies a ve
We have materially reduced our Brent crude oil price outlook in 2016e, 2017e and future years, which has resulted in a substantial decrease in our cash flow and NAV estimates for most of our companies under research coverage. Companies that are most impacted by the commodity price revision include EnQuest, Pacific Exploration & Production, Premier Oil, and TransGlobe Energy. Companies that are exposed to natural gas prices and/or fixed commodity prices are least impacted, such as Valeura Energy
Companies: 0MDP BNK IAE PXT TXP TGL WZR ECOPETL TLW AMER FPM CPI HBR ENQ CERP PRE GNF GTE
Ecopetrol has announced a 2016 capital program of US$4.8 billion and production guidance of 755,000 boe/d, which is in line with our expectations. FirstEnergy is currently forecasting 2016e capital expenditures of US$4.8 billion and production of 750,000 boe/d. For 2016e, we are forecasting cash flow of approximately US$3.4 billion, which is insufficient to cover capital expenditures of US$4.8 billion and estimated dividends of US$1.9 billion. The cash shortfall of approximately US$3.3 billion i
Market Impact: Neutral. Ecopetrol has announced a 2016 capital program of US$4.8 billion and production guidance of 755,000 boe/d, which is in line with our expectations. FirstEnergy is currently forecasting 2016e capital expenditures of US$4.8 billion and production of 750,000 boe/d.
Research Tree provides access to ongoing research coverage, media content and regulatory news on Ecopetrol SA. We currently have 16 research reports from 1 professional analysts.
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
Companies: NextSource Materials Inc
Capital Access Group
Falcon has raised gross proceeds of US$8.9m via a placing and subscription at a price of 6p/share and the granting of overriding royalty interests. The net proceeds, together with Falcon’s existing cash resources (cUS$4.3m) will be used to fund Falcon’s net share of 2024 capex (cUS$9m) associated with the 40MMscf/d Shenandoah South Pilot Project, including the drilling, stimulation, and flow testing of two 10,000ft horizontal wells. The funds will also enable Falcon to fund its share of the cost
Companies: Falcon Oil & Gas Ltd.
Cavendish
Beowulf is advancing a portfolio of projects in Europe focussed on metals and minerals that are critical to enabling the continent’s transition to a greener economy. Awareness of Europe’s over-reliance on external supply sources for such vital raw materials is driving growing political support for ‘home-grown’ projects. Beowulf is strategically positioned to leverage this fast-evolving trend – its Kallak project in Sweden holds potential to deliver high-quality iron ore to lower the carbon-inten
Companies: Beowulf Mining PLC
Alternative Resource Capital
Companies: FOG PHC FEN BBSN ELIX
Companies: 88E CNC FTC TRCS HEIQ CREO ZAM
Despite end market demand remaining difficult in several regions Trifast has announced that revenue and profitability will be marginally ahead of the guidance provided at the end of January. Self-help initiatives instigated during 2023 are starting to come through providing visibility on the majority of the £3.0m savings identified to come through in the current financial year (Mar FY25). Zeus estimates were in line with guidance of £230m revenue, £11.5m EBIT and £6.0m PBT. We leave forecasts un
Companies: Trifast plc
Zeus Capital
• Multiple tests over multiple zones in multiple horizons were run at the Mopane-1X exploration well. The flows achieved during the well test reached the maximum allowed limits of 14 mboe/d. The flow rate was constrained by the size of the available surface facilities. • The AVO-1 horizon encountered at Mopane-1X and Mopane-2X are in the same pressure regime, suggesting that the entire area (8 km diameter) between the two wells is connected. Overall, in the Mopane complex alone, and before dril
Companies: SINTANA ENERGY
Auctus Advisors
Companies: Touchstone Exploration Inc
Shore Capital
Jubilee today reports its Q3 and third quarter operational results from its expanding operations in Zambia (copper) and South Africa (chrome and PGM). South Africa is on a growth trajectory with record chrome production of 409kt in the quarter (Q2 FY2024 381kt) and a monthly record in March of 145kt and production YTD of 1.13Mt (0.94Mt). Jubilee is well underway to its annual target capacity of 2,1Mt/yr especially with the new 300kt/yr chrome plant at Thutse expected to be operational in August
Companies: Jubilee Metals Group PLC
WHIreland
Companies: Ferrexpo plc
Liberum
Companies: AURA OMI AAL KAV POW BMN EST SVML
SP Angel
Companies: MPE TRI VNET BVXP HVO
Companies: CLA STM GLN FXPO KAV GWMO CEY BHP THX EEE
I3 has announced the sale of the majority of its royalty interests in Canada, for US$24.8m cash. This allows the company to fully repay amounts drawn on its debt facility and create a working capital surplus, giving I3 significant additional funding flexibility going forward
Companies: i3 Energy Plc
Alien today reports intraday that the Western Australian Government has granted a mining licence for the Hancock iron ore project for a 21-year term. The granting of the mining licence is the latest milestone delivered by Alien as it advances the project towards development and production.
Companies: Alien Metals Ltd
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