Oil & Gas - Cavendish sector note

Chariot, 88 Energy, Reabold Resources, i3 Energy, Gran Tierra Energy, Ithaca Energy, Nostrum Oil & Gas, Wood Group, Southern Energy Corp, Petro Matad, Tethys Oil, Union Jack Oil, Diversified Energy, Kistos, Santos, Panoro Energy. Source: FactSet, weekly change 19/08/2024-23/08/2024 Oil extended gains alongside risk assets after Federal Reserve Chair Jerome Powell said the time has come to cut interest rates, but the commodity still declined for the week amid a soft economic outlook in major econ

AUCTUS ON FRIDAY - 16/08/2024

AUCTUS PUBLICATIONS ________________________________________ Chariot (CHAR LN)C; Target price £0.45 per share: Commencing drilling operations at high impact well in Morocco – Drilling operations have commenced on the Anchois East well (now named Anchois-3). The well has three objectives. An initial pilot hole will be drilled to evaluate the potential of the Anchois Footwall prospect, located in an undrilled fault block to the east of the main field with a 2U Prospective Resource estimate of 170

SP Angel Morning Energiser: 20/08/24

M&A alive and well in oil and gas sector

Chariot Limited (AIM: CHAR): Commencing drilling operations at high impact well in Morocco

• Drilling operations have commenced on the Anchois East well (now named Anchois-3). • The well has three objectives. An initial pilot hole will be drilled to evaluate the potential of the Anchois Footwall prospect, located in an undrilled fault block to the east of the main field with a 2U Prospective Resource estimate of 170 bcf in the main O Sand target. Our unrisked NAV for this prospect is £0.05/sh. We carry a 61% chance of success. • A side-track will then be drilled to intersect and furth

Morning Note – 20 August 2024

Oil & Gas - Cavendish sector note

Sunda Energy, Touchstone Exploration, Chariot, i3 Energy, Diversified Energy, Serinus Energy, Zephyr Energy, Orcadian Energy, DNO ASA, Africa Oil Source: FactSet, weekly change 12/08/2024-16/08/2024 Oil posted a marginal weekly decline, with traders continuing to weigh the impact of a slowdown in China against a possible attack by Iran or proxies on Israel. West Texas Intermediate settled below $77 a barrel after rising earlier in the week. Oil prices have been choppy in the depths of summer tra

Hybridan Small Cap Feast - 12 August 2024

12th August 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced, or it is a rumour Dish of the day Admissions: None Delistings: Gunsynd plc (AQSE: GUN) has delisted from the AQSE Growth Market. What’s baking in the oven? ** Our daily digest of news from UK Small Caps If you would like to unsubscribe, please email enquiries@hybridan.com with “unsubscribe me”.

Oil & Gas - Cavendish sector note

Chariot, 88 Energy, Afentra, Star Energy, Jadestone Energy, Pantheon Resources, Deltic Energy, Zephyr Energy, Energean, Equinor, Var Energi, TotalEnergies, Eni SpA, Repsol, Woodside Energy Group Source: FactSet, weekly change 22/07/2024-26/07/2024 Oil dipped as algorithmic traders took advantage of market uncertainty, while traders weighed Chinese demand against falling US stockpiles. West Texas Intermediate fell to settle near $77 a barrel, capping the largest weekly decline since the beginning

AUCTUS ON FRIDAY - 26/07/2024

AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; target of A$0.75 per share: Diversified and high impact newsflow over the balance of 2024 – ADX has confirmed a very busy programme of activity from September. The overall unrisked value of the programme is ~A$1.70 per share, which represents 17x the current share price. In early September, ADX will drill the Anshof-2A side track. The well is expected to intersect thick Eocene reservoirs similar to that encountere

Hybridan Small Cap Feast - 22 July 24

22nd July 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced, or it is a rumour Dish of the day Admissions: None Delistings: None What’s baking in the oven? ** Potential**** Initial Public Offerings: ITF announced: 8th July 2024: Rome Resources: The Canada-based early-stage resource exploration Company has announced its intention to IPO on AIM in order to co

Morning Note – 22 July 2024

Chariot Limited (AIM: CHAR): Potentially entering Namibia offshore and boosting balance sheet

• Chariot has raised US$6.4 mm of new equity (US$7 mm before expenses) priced at 6.5 p per share. • Management and insiders have contributed ~US$1 mm to the raise. The company was initially looking to raise only US$6 mm (before expenses) but the fundraising was oversubscribed. • Up to an additional US$2 mm could be raised through an open offer. • The proceeds from the fundraising will (1) boost the balance sheet ahead of the commencement of drilling at Anchois, (2) progress the commercialisation

Oil & Gas - Cavendish sector note

Longboat Energy, Chariot, Empyrean Energy, Coro Energy, PetroMatad, Zephyr Energy, Serica Energy, Jadestone Energy, United Oil & Gas, Angus Energy, Echo Energy, Beacon Energy, Caspian Sunrise, Challenger Energy, Africa Oil Corp, Var Energi, Tamboran Resources. Source: FactSet, weekly change 24/06/2024-28/06/2024 Oil settled little changed after retreating from a nearly two-month high as traders weighed swelling supplies against escalating Middle East tensions. West Texas Intermediate crude fell

AUCTUS ON FRIDAY - 28/06/2024

AUCTUS PUBLICATIONS ________________________________________ Chariot (CHAR LN)C: target price of £0.50 per share: Key step towards developing future gas to industry business onshore Morocco – Chariot has signed Heads of Terms with Vivo Energy for the future offtake from the Loukos onshore licence where natural gas has been encountered at Dartois. Up to 3 mmcf/d would be initially sold to the CNG midstream business under a long-term gas sales agreement. Vivo intends to design, fund, construct and

SP Angel Morning View: Gold holds steady as dollar sell off pauses as investors gauge strength of US economy

SP Angel Morning View: Gold continues to bounce off all-time highs before US inflation data

SP Angel Morning View: Copper strengthens as BHP calls for ‘flyup' pricing environment following 2025 surplus

SP Angel Morning View: Ganfeng joins lithium majors in delaying growth projects as supply glut continues

PANMURE LIBERUM: Synergia Energy: Indian Summer

H1 24 - Shaikan performing well, local market robust

Morning Note – 19 August 2024

THE MONTHLY January 2020

The Office for National Statistics (ONS) is due to publish its most up-to-date survey on share ownership in mid-January, which identifies the beneficial owners and decision- makers of the stock market. Hardman & Co has worked together with the share analysis service, Argus Vickers, to jointly produce its own survey, which anticipates the conclusions of the ONS survey but goes into much greater detail. Our work does not use a sample of 200 quoted companies as the ONS historically has, but rather

Jubilee Metals (JLP LN) - Jubilee secures power in Zambia - strengthens ESG credentials

Jubilee today announces that it has signed a 3-year renewable power agreement with Lunsemfwa Hydro Power Co (LHPC). The agreement will provide all of the power needs for the Sable copper refinery and the Roan concentrator with an additional agreement that Jubilee can purchase a further 10MW of solar power to provide electricity as it expands its operational footprint in Zambia. We see this as a great deal for Jubilee as it secures power and reduces any outages (providing both extra security and

Beowulf Mining (BEM LN) – Initiation Note – BUY – Supporting Scandinavia's Green Transition

Beowulf is an AIM/Spotlight-listed developer of two flagship assets; Kallak, a high-grade iron ore project in Sweden and the Grafintec Graphite Anode Materials Plant. The Company's Kallak North project has the potential to produce 2.5mtpa of high-grade, premium iron ore concentrate suitable for the growing green steel industry in Sweden. Additionally, Grafintec's Anode Material Plant Project is well positioned to serve the growing EV battery supply chain in Europe, whilst supporting EU plans

i3 Energy* (I3E LN) - 2H24 capex programme to restore growth

i3 Energy* (I3E LN) - Energy Flash Note - 2H24 capex programme to restore growth

Hybridan Small Cap Feast - 21 Feb 23

21 February 2023 @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 objec

Hybridan Small Cap Feast - 28 Apr 23

28th April 2023 @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 object

Hybridan Small Cap Feast - 14 Jul 23

14th July 2023 @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

Morning Note – 27 June 2024