SHORE CAPITAL - SAVANNAH ENERGY+ (SAVE, 32p, BUY)

WH Ireland: Pantheon Resources (PANR) - Spudding of Alkaid #2 Well

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.

WH Ireland: Pantheon Resources (PANR) - Alkaid #2 Significant Operational Update

Pantheon Resources announced that the Alkaid #2 well reached a total depth of 8,950 feet (MD). Most importantly the company indicated that: The well penetrated 272 feet of oil bearing reservoir in the Shelf-Margin Deltaic-B structure – thicker than expected – and the reservoir quality was better than expected, according to the company.

SHORE CAPITAL - Union Jack Oil+ (UJO) - House Stock at 21.5p – Joint Broker appointment

SHORE CAPITAL - TOUCHSTONE EXPLORATION+ (TXP, 57p, House Stock) – Coho pre-commissioning and commissioning update

Union Jack Oil# - North Kelsey planning appeal submitted

North Kelsey planning appeal submitted

Cenkos: Oil & Gas Sector -- Diversified Energy, Argos Resources, Deltic Energy, Kistos, Serica, Pantheon Resources, Nostrum Oil & Gas, ExxonMobil, Shell, SDX Energy, Tenaz Energy, Hurricane Energy, Jadestone Energy, United Oil & Gas, Seplat Energy, Equinor

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

Sylvania Platinum - Excellent Q4 production but lower PGM basket

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

Condor Gold: Final metallurgical results provide confidence in recovery rates ahead of awaited Feasibility Study

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

Morning Note – 29 July 2022

Hybridan Small Cap Feast 21-07-2022

Dish of the day Joiners: 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 export

LIBERUM: Atlantic Lithium* - Latest results continue to extend mineralisation beyond current resource

WH Ireland: i3 Energy (I3E) - Significant increase to fair value estimate and first 2023 financial projections

West Kenya Drilling Update

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

COPL: Culmination of Transformational Acquisition of Significant Acreage Position in Wyoming

COPL this week completed the acquisition of its bankrupt minority partner Cuda Energy to become majority owner of its Wyoming assets. This follows its original acquisition of Atomic Oil and Gas around 18 months ago to first enter the assets in which it now holds 85-100% across three oil producing units. The acquisition has increased COPL’s 2P reserves by 47% to 38.2mmbbl adding 12.4mmbbl of reserves at a price of