SP Angel Morning Energiser: 04/10/24

Africa Oil Week Drinks Reception in Cape Town this Sunday

SP Angel Morning Energiser: 16/09/24

Unexpected rise in US rig count

SP Angel Morning Energiser: 13/09/24

M&A boost as Tethys recommends cash offer

SP Angel Morning Energiser: 29/08/24

EU gas storage rises to 92% full

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

i3 Energy* (I3E LN) - Recommended offer from Gran Tierra

i3 Energy* (I3E LN) - Flash Note - Recommended offer from Gran Tierra

AUCTUS ON FRIDAY - 16/08/2024

AUCTUS PUBLICATIONS ________________________________________ Criterium Energy (CEQ CN)C; Target price C$0.35 per share: New drilling expected to start in September – A drilling rig is scheduled to be mobilized to site in August. The two-well infill program, targeting a previously undrilled section of the MGH Field, is anticipated to commence in early September with the wells expected to come on production in early November at a forecasted combined rate of 300 bbl/d. While this is a bit later tha

SP Angel Morning Energiser: 13/08/24

Iran fears outweigh OPEC demand revisions

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

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

TENNYSON Morning news - i3 Energy - Solid Q2 results

SP Angel Morning Energiser: 04/07/24

Crude buoyed by large EIA storage draw report

i3 Energy (I3E LN) - Sweet as maple syrup

I3E is a UK and Canada listed E&P company, with a significant producing asset position onshore Canada in Alberta.

SP Angel Morning Energiser: 29/05/24

Crude up on Middle-East attacks

i3 Energy* (I3E LN): Initiation - A solid platform for E&P growth in Canada

i3 Energy is an AIM and TSX-listed oil and gas company with a diversified 20kboe/d production base onshore Canada, which offers UK investors attractive exposure to North American E&P themes. The Company's production growth strategy is sensibly hedged to pivot between acquiring producing assets when commodity prices are low and to invest in its low-risk drilling inventory when prices are high.

Rockhopper Exploration (RKH LN) - Italian arbitration insurance and Italian assets disposal

Rockhopper has announced two updates. First, it has taken out an insurance policy against its upcoming Italian arbitration annulment court decision, underpinning a cash payment of EUR31m for Rockhopper. Second, it has disposed of its remaining Italian assets portfolio, removing forward decommissioning liabilities for the company.

Morning Note – 15 October 2024

Zeus Industrials Round-Up - 11 October 2024

The UK industrial sector expanded for a fifth consecutive month in September per manufacturing PMI data, although activity was slightly softer MoM as employment levels, inventories and business confidence declined per the survey, primarily due to uncertainty regarding the Autumn Budget, US elections and subdued global market conditions. Global inflation data has been encouraging and we await next week’s UK payroll data to understand the BoE’s next decision, although it is widely anticipated that

Pantheon Resources (PANR LN) - Comprehensive Update Note

Pantheon Resources anticipates commencing drilling operations at Megrez-1 in early November, with drilling operations expected to take approximately one month to reach total depth. We believe that Megrez-1 is by far the most exciting well ever drilled by Pantheon Resources due to our high confidence that the reservoir of the targeted Ahpun East Topsets (609 million barrels of prospective recoverable best estimate resources) will be of an exceptionally high quality – success would unlock correspo

SP Angel Morning View: Gold regains ground as Russia pushes BRIC countries for de-dollarisation

Oil & Gas - Cavendish sector note

PetroTal Corp, BP, Petro Matad, Gulf Keystone Petroleum, Zephyr Energy, Ithaca Energy, Equinor, Angus Energy, Shell, Var Energi, OMV AG Source: FactSet, weekly change 07/10/2024-11/10/2024 Oil eased following a day of choppy trading as investors booked profits and unwound some positions ahead of Israel’s expected retaliation against Iran and the potential rollout of fresh economic stimulus in China. West Texas Intermediate settled below $76 a barrel while Brent settled near $79 a barrel. Both be

Kenmare Resources: Q3 preview – Moma operations to improve in H2

Kenmare Resources (“KMR”) will release its Q3 production update on 17th October 2024. KMR expects output to rise in H2 driven by higher forecast grades, and sales to be supported by improved weather, following the conclusion of the rainy reason. As such, we estimate heavy mineral concentrate (“HMC”) production in Q3 of 399kt (+17% QoQ), delivering final ilmenite output of 284kt (+19% QoQ). The drawdown of intermediate stockpiles in H2 should support production of zircon (H&Pe 14kt in Q3, +9% QoQ

Record throughput, but grades remain a concern

Insures to secure guaranteed substantial Ombrina Mare payout

PANMURE LIBERUM: Emmerson: Unfavourable ESIA recommendation; Emmerson reviewing options

SP Angel Morning View: Copper bounces as traders look to China for more support on Saturday

Caledonia Mining Corporation - Q3/24 production update

Caledonia reported Q3/24 production of 18,992oz of gold at its Blanket gold mine, a 12.8% decrease on the 21,772oz produced at Blanket in Q3/23. Total gold production for the nine months to the end of September was up on 2023 at 56,815oz (2023: 55,244oz). Caledonia reiterated FY24E gold production guidance at Blanket of 74,000-78,000oz. We are modelling Blanket production at just over 75,000oz in 2024. Production looks to be steady, the gold price has remained high, but forex losses could be an

Hybridan Small Cap Feast - 14 October 2024

* A corporate client of Hybridan LLP ** Potential means Intention to Float (ITF) has been announced, or it is a rumour ***Arranged by type of listing and date of announcement ****Alphabetically arranged Share prices and market capitalisations taken from the current price on the day of publication Dish of the day Admissions: None Delistings: None What’s baking in the oven? ITF announced:*** Potential** Initial Public Offerings: 30th September 2024: Applied Nutrition, the sports nutrition, health

Power Metal Resources* (POW LN) – FLASH NOTE - Incubation Strategy Success Continues with Uranium JV

Jubilee Metals (JLP LN) - Audited results for FY24 (June)

Jubilee today announces its audited results for FY24 which ended in June. Revenues rose to $205.4m from $170.9m in FY2023 (Zeus estimate was $208.8m). Group EBITDA fell to $27.7m from $29.8m (Zeus $26.6m) with eps falling from 0.58c/sh to 0.21c/sh (0.3c/sh). Capex fell to $36.9m from $65.9m with gross cash at the end of the period at $19.3m from $15.9m at the end of June 2023. Chrome is now poised to take on more of a roll in operating cash flow and profits as the Thule plants are brought on str