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AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; target price of £A$0.65 per share: High impact well spud in Austria - The Welchau-1 gas exploration well was spudded on 24 February. Calima Energy (CE1 AU)C; target price of A$0.13 per share: Completing divestment of Blackspur – Blackspur has been sold for A$81.6 mm, after tax provisions and net debt adjustments. Calima will distribute A$80 mm (~A$12.6 per share) as dividends. The distribution is well above the m
Companies: PEN ALV ADX CE1 WDS AKRBP GKP MAHAA AOI ALV PXT MCF TXP MEN RBD I3E UOG KOS AEX BCE BWE HUI HEVI PEN SEPLAT EGY
Auctus Advisors
European gas storage at 63% full
Companies: REXI ZPHR AEX SEPL EGY
SP Angel
We note that this morning’s announcement by Aminex for a significant potential resource increase in the Ruvuma basin. We believe that the recent pullback in the share price (likely due to delays in the first gas production schedule) provide a good risk/reward opportunity, especially given the future potential in next 12-24 months, highlighted by today’s announcement.
Companies: Aminex Plc
Shard Capital
Energy prices trade sideways
Companies: SEI SEI MEN TRIN AEX
Crude higher as Russian exports fall
Companies: MAU MAU TLW DELT AEX
In the next six months, Aminex (AEX) will embark on a development programme that will see the company become a producer and free cash flow (FCF) generator. Between drilling the new Chikumbi-1 well (CH-1), re-entering the existing two wells, processing of the new 3D seismic, signing a GSA, and reaching first gas, there will be plenty of milestones in 2023 to, in our view, gradually “guide” the market towards recognising a full value for the targeted initial 60mmscf/d gross production in late 2023
AUCTUS PUBLICATIONS ________________________________________ Arrow Exploration (AXL LN/CN) C; Target price of A$0.50 per share: Good well results in Colombia – The RCE-3 well flowed naturally at rates equivalent to 2,000 bbl/d gross for four hours after unloading kill fluid. Over the last 24 hours, the well has produced at a rate of 968 bbl/d with 0% water cut. This is a very good result and compares with expectations of 600-800 bbl/d. The fact there is no water being produced at that the well i
Companies: EQNR ALV OMV CE1 WDS ORC.B AKRBP MAHAA OMV AOI ALV AXL FEC JSE TXP AKERBP BOIL CNE I3E SDX LBE KOS AEX BWE TTE CNE SEPLAT EQNR ORC/B
Cold snap boosts European LNG inflows
Companies: TXP AEX ANGS PCL WDS REXI
Crude sinks on China unrest
Companies: Aminex Plc (AEX:LON)Serinus Energy plc (SENX:LON)
AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU) C; Target price of A$0.070 per share: Anshof Reserves estimate well above expectations – RISC estimates that the Anshof field holds 5.2 mmboe of 2P gross reserves (4.2 mmboe net to ADX). This is well ahead of our expectations of ~1.8 mmboe. 85% of the previously estimated mid-case recoverable resources are now classified as 2P reserves. The 2P reserves estimate is based on an assumption of a water oil contact at 1,
Companies: TTE TOU TCFF R4Y PXT MAHAA AEX AXL CE1 CASP CHAR GTE GENL FEC DNO DNO CEG BP/ ZPHR TAL LBE ADX
EU meets to discuss gas price cap
Companies: ENW IOG TRP AEX
Market Update: 8 April 2022
Companies: Zephyr Energy PLC (ZPHR:LON)Aminex Plc (AEX:LON)
Market update - 24/09/2021
Companies: Touchstone Exploration Inc (TXP:LON)Aminex Plc (AEX:LON)
Market update - 10/03/2021
Companies: Tullow Oil plc (TLW:LON)Aminex Plc (AEX:LON)
AEX Gold Inc (AEXG LN) –Operational update Cornish Metals* (CUSN LN) – AIM Admission – Writing the next chapter in Cornwall's long mining history Cornish Metals* (CUSN CN) – CLICK FOR PDF Europa Metals Limited (EUZ LN) – Drilling starts at Europa's Toral zinc, lead, silver project in Spain Caledonia Mining* (CMCL LN) – Record mine production at Blanket GoldStone Resources (GRL LN) – Settlement of Claim by Former Director IronRidge Resources* (IRR LN) – Further results from Zaranou gold ex
Companies: EUZ ALL TYM ORR AEX CMCL GRL CUSN
Research Tree provides access to ongoing research coverage, media content and regulatory news on Aminex Plc. We currently have 0 research reports from 4 professional analysts.
Trinity has announced a c28% reduction to its 2P reserves following a YE23 review. Despite the decrease in the Company’s 2P reserves, Trinity’s core business remains robust, with a reserves/production ratio of >12.5 years at YE23. Whilst there is significant potential for growth within the current portfolio, this will be difficult to unlock from the current balance sheet and we believe further financing will be required. We update our target price to 76p (from 202p), a c85% premium to the curren
Companies: Trinity Exploration & Production Plc
Cavendish
• The Nong Yao-13 exploration well in the new Nong Yao D area that was targeting multiple zones has encountered >30 feet of new oil play across several new shallow intervals which have not been produced elsewhere on the concession. These reservoirs are believed to be recurring across the Nong Yao D area. • The drilling result confirms that oil has successfully migrated into this area of the block (a factor that was seen to be a risk in the Nong Yao D area) and open the opportunity for further a
Companies: Valeura Energy Inc.
Companies: BILN ELCO NXQ CUSN ATG
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
Companies: 88E RNO TRIN KRM EXR BOOM
Chariot, Energean, Touchstone Exploration, Longboat Energy, Hartshead Resources, BP, Helix Exploration, PetroTal, Pantheon Resources, Caspian Sunrise, Petrofac, DNO ASA, Valeura Energy, Aker BP, Var Energi Source: FactSet, weekly change 08/04/24-12/04/24 Oil rose as Israel braced for a possible attack from Iran, a development that would threaten major disruptions in a region that accounts for a third of the world’s crude output. An assault is expected to come as soon as the next 48 hours, which
Companies: HHR TXP LBE CHAR
Companies: PLL TLG HZM SAV KAV KP2 SVML
Union Jack has released an update on its Wressle asset, reporting maturing production from Wressle-1, alongside progress for significant further development activities on the field going forward.
Companies: Union Jack Oil Plc
Zeus Capital
Pharos Energy reported FY23 results on 27 March. Group net production of 6,508 boepd (FY22: 7,166 boepd) was in line with guidance, assisted by successful development drilling in Vietnam and exploration successes in Egypt. Pharos’s strong cash generation resulted in a stronger balance sheet, with net debt reduced to US$6.6m (from US$28.9m at the end of 2022) and cash balances totalling US$32.6m. This left the group free to return more cash to shareholders, including a 10% increase in dividends,
Companies: Pharos Energy PLC
Progressive Equity Research
Shore Capital
Union Jack announced an operational update on its onshore UK Wressle field and confirmed plans to announce the payment of a cash dividend to shareholders along with the FY23 results in May. Wressle continues to deliver material revenues to the Company, generating positive cash flow and providing it with sufficient cash resources to fund shareholder returns and invest in new development projects.
Companies: AURA G6M PDL HUM KAV JAY RBW CUSN AFP GMET
Hunting has released its Q1 trading statement, reporting a strong period for OCTG and Subsea, steady growth in Advanced Manufacturing, and a softening in Perforating Systems.
Companies: Hunting PLC
Serabi Gold (AIM: SRB, TSX: SBI) has released its Q1 operating results today. Production of 9koz of gold was in line with our estimates. It represents a quarterly high since Q3 2021, processing was also at record levels, and RoM is at a 3 year high as well (see Fig.1). The Coringa project is moving forward at pace and we have increased our production forecast there from 11Koz to 13Koz gold for 2024.. Palito grades came off marginally QoQ to 4.72g/t whilst the company continued to mine the tricki
Companies: Serabi Gold PLC
Tamesis Partners
Companies: Hummingbird Resources plc
Canaccord Genuity
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