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2nd April 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 objecti
Companies: IGP FTC BOIL WINE SAR GMR MWE DSW
Hybridan
Companies: 88E IGP BOIL MRL DUKE
Cavendish
Falcon Oil & Gas, Parkmead Group, 88 Energy, Westmount Energy, Baron Oil, Molecular Energies, Empyrean Energy, Coro Energy, Tethys Oil, Ithaca Energy, Pharos Energy, EnQuest, Genel Energy, Wood Group, Capricorn Energy, Arrow Exploration, Valeura Energy, Bowleven, i3 Energy. Source: FactSet, weekly change 25/03/24-28/03/24 Oil scored a 16% quarterly gain in the latest sign that export curbs by OPEC and its allies are reining in global supplies. West Texas Intermediate futures closed above $83 a b
Companies: 88E FOG BOIL EME MEN PMG
28th March 2024 Happy Easter @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 inve
Companies: OHG BOIL SAR MDZ CORO JNEO BOOM
Baron Oil (BOIL.L) is advancing apace with preparations for its Chuditch-2 appraisal well on its world class Chuditch project in the Timor Sea. The H1 2024 work programme includes a site survey and procurement of long lead items such as drill pipe. The former is required to identify potential hazards. It involves geophysical studies and a physical investigation of the seabed. Baron will also be looking to make a deposit on a rig, negotiate a bank guarantee and add to its drilling team. Planned,
Companies: Baron Oil Plc
Allenby Capital
Empyrean Energy, Baron Oil, Diversified Energy, Tethys Oil, Plexus Holdings, EnQuest, Ithaca Energy, PetroTal, Jadestone Energy, Star Energy, Union Jack Oil, Synergia Energy, Eni SpA, Occidental Petroleum Source: FactSet, weekly change 12/02/24-16/02/24 Oil closed at its highest settling price this year as increasing tensions in the Middle East outweighed hotter-than-expected US inflation data that’s damping the prospect of interest rate cuts. West Texas Intermediate rose above $79 a barrel afte
Companies: BOIL EME POS TETY TETY
AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; target price of £A$0.65 per share: Drilling update in Austria – The well site construction at the Welchau-1 drill site is complete. The drilling rig is expected to become available to ADX on 14 February. The rig move and rig assembly will take ~6 days after rig release. Drilling operations are expected to commence on 20 February with a duration of ~39 days. PetroTal (PTAL LN/TAL CN)C; target price of £1.45 per s
Companies: ENI ADX WDS BNL GALP MAHAA FEC JSE PXT ITH TAL BOIL CASP ENQ ZPHR TETY TTE ENI SNM VAR TETY VLE GALP
Auctus Advisors
Companies: Baron Oil Plc (BOIL:LON)Audioboom Group PLC (BOOM:LON)
Baron has raised £3m (before expenses) via an oversubscribed placing and subscription at a price of 0.05p – a c33% discount to yesterday’s closing price. The net proceeds (£2.7m) together with existing cash will allow Baron to progress with the preparations for the drilling of the Chuditch-2 appraisal well planned for Q4/24. In addition to the placing and subscription, Baron has also raised £260k via a retail offer.
8th 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 obje
Companies: SEE OHG Z29 BOIL HDD
Parkmead Group, Chariot, Jersey Oil & Gas, Falcon Oil & Gas, 88 Energy, Hartshead Resources, Empyrean Energy, Coro Energy, Baron Oil, Longboat Energy, Trinity Exploration & Production, Diversified Energy, Savannah Energy, Shell, Gulf Keystone Petroleum, Jadestone Energy, Nostrum Oil & Gas, ExxonMobil, Chevron Corporation, TotalEnergies Source: FactSet, weekly change 29/01/24-02/02/24 Oil slumped as talks to pause the Israel-Hamas war reduced crude’s geopolitical risk premium, with the decline ac
Companies: 88E HHR FOG BOIL EME TRIN PMG LBE SAVE JOG DEC CHAR
Diversified Energy, Tethys Oil, Getech Group, Jersey Oil & Gas, Afentra, Baron Oil, Molecular Energies, PetroTal Corp, Capricorn Energy, Gran Tierra Energy, Tullow Oil, Genel Energy, Rockhopper Exploration, United Oil & Gas, Eco (Atlantic) Oil & Gas, Woodside Energy, Santos, Panoro Energy, Var Energi, Maurel et Prom, Galp Energia Source: FactSet, weekly change 22/01/24-26/01/24 Oil rallied to the highest price in two months after a fuel tanker was struck near Yemen, underscoring the geopolitical
Companies: BOIL GTC JOG TETY TETY
Baron Oil (BOIL.L) has signed its farm-up agreement for the Chuditch gas project with its joint-venture partner, Timor Gap, the Timor-Leste NOC (National Oil Company). We regard the agreement as a major move in the advancement of the world class Chuditch project. Under the agreement, Baron will remain the operator while its interest will drop from 75% to 60%. Timor Gap’s share will increase from 25% to 40% comprising the original 25% plus a new paying interest of 15%. Importantly, Timor Gap will
Research Tree provides access to ongoing research coverage, media content and regulatory news on Baron Oil Plc. We currently have 0 research reports from 7 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.
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
• 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
Companies: Touchstone Exploration Inc
Shore Capital
Companies: Ferrexpo plc
Liberum
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: CLA STM GLN FXPO KAV GWMO CEY BHP THX EEE
SP Angel
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
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
Zeus Capital
Since November, the JOG share price has moderated from a high of 250p to current levels of 149.5p. This is despite JOG having now made significant progress towards FID on its c.70mmboe Buchan project, with FID upcoming later this year. In our view this share price move is unjustified, with current levels further enhancing the value on offer, and making an attractive opportunity for investors.
Companies: Jersey Oil & Gas PLC
Companies: A4N ARS ANTO RIO TYM AAZ AAL SRB EEE
Adriatic Metals has announced their transition from mining contractor to mining operator at Rupice. The transition is expected to continue to benefit the development and productivity rates being achieved at Rupice mine, as well as result in cost efficiencies and improved HSE standards. The company has also announced a short-term loan facility with Orion of $25m, that is drawable at the option of the company in Q3/4 this year.
Companies: Adriatic Metals Plc Shs Chess Deposit Interests Repr 1 Sh
Tamesis Partners
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
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