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Lundin Petroleum (LUPE SS) (not covered): 1Q19 results | Pennine Petroleum Corporation (PNN CN) (not covered): Velca Block licence withdrawn | Royal Dutch Shell (RDSA/B LN) (not covered): 1Q19 results | JKX Oil & Gas (JKX LN) (not covered): WM3 initial test results in Ukraine | MX Oil (MXO LN) (not covered): Reserves update in Nigeria
Companies: LUNE RDSA JKX MXO
Interoil Exploration and Production (IOX NO) (not covered): Acquisition in Argentina | Range Resources (RRL LN/RRS AU) (not covered): Results for the quarter ended 31 March 2019 (3Q FY19) | Angus Energy (ANGS LN) (not covered): Equity raise | BP (BP LN) (not covered): 1Q19 results | Equinor (EQNR NO) (not covered): Dry hole in Norway | Repsol (REP SM) (not covered): 1Q19 results | Nostrum Oil & Gas (NOG LN); Speculative Buy, £2.20: 1Q19 update | Regal Petroleum (RPT LN) (not covered): FY18 resul
Companies: IOX RRL ANGS BP/ REP NOG ENW GENL AEX AAOG GBP MXO SEPL
Echo Energy (ECHO LN) (not covered): Fraccion D update in Argentina | President Energy (PPC LN) (not covered): Drilling update in Argentina | Aker BP (AKERBP NO) (not covered): Appraisal offshore Norway | MX Oil (MXO LN) (not covered): Equity issue and corporate update in Nigeria | Victoria Oil & Gas (VOG LN)1,6; Speculative Buy, £0.85: 3Q18 operations update
Companies: ECHO PPC MXO VOG
Columbus Energy Resources (CERP LN) (not covered): 1H18 results | Independent Oil & Gas (IOG LN) (not covered): 1H18 results | MX Oil (MXO LN) (not covered): Aje update in Nigeria | World Crude Oil Markets: The tightening of oil markets has arrived and with it, higher prices | World natural gas markets: Overseas gas markets still tightening and still price bullish | Commodity price update: Impact on International Oil & Gas Producers
Companies: CERP IOG MXO
MX Oil has evolved during the last couple of years to become actively involved in the “hot” Nigerian E&P space through the acquisition of a stake in the highly prized Aje field. Prospects in the West African Transform Margin look compelling moving forward and the company is now on the cusp of seeing a material return on its investment in OML 113.
Companies: MX Oil
Gulf Keystone Petroleum (GKP LN) (not covered): Shaikan payment update | Rockhopper Exploration (RKH LN) (not covered): Egypt update | MX Oil (MXO LN) (not covered): Aje update in Nigeria
Companies: GKP RKH MXO
ExxonMobil (XOM US) (not covered): Dry hole in Guyana | Sterling Resources (SLG CN) (not covered): YE17 reserves | BP (BP LN) (not covered): 1Q18 results | TransAtlantic Petroleum (TAT US/TNP CN) (not covered): YE17 reserves | MX Oil (MXO LN): Reserves update at Aje in Nigeria | Wentworth Resources (WRL LN/NO)1,6: BUY, £0.35; Payment & corporate update –
Companies: XOM SLG BP/ MXO WRL
Vannin Capital—Press reports that litigation funder Vannin Capital is working on plans to float on the London Stock Exchange later in 2018 with an expected valuation of well over £500m | Avast, global cybersecurity provider with 435m users worldwide. In 2017, the Group's Adjusted Billings was $811 million, Adjusted Revenue was $780 million, Adjusted Cash EBITDA was $451 million. Seeking to raise $200m. Due in May | Fundamentum Supported Housing REIT. Raising £150m. Focussed on UK Social Housing
Companies: MORT BION CORA ATQT ICON GRP MXO MIRI SYME
Polarean - The medical drug-device combination companies operating in the high resolution medical imaging market. Offer TBC. Due 22 Feb | Block Energy—a NEX Listed UK based oil exploration and production company whose main country of operation is the Republic of Georgia, looks to join AIM end of February 2018. Offer TBC | OnTheMarket—Intention to float on AIM to raise c.£50m which will be used to fund the growth of the OnTheMarket.com portal, already the third biggest UK residential property por
Companies: NMRP CHLL FDEV AAZ REDX MXO CTG WPHO
SOCO International (SIA LN) (not covered): Updated Te Giac Trang FFDP Approved | OMV (OMV AG) (not covered): FY16 Results | Lansdowne Oil & Gas (LOGP LN) (not covered) | Chariot Oil & Gas (CHAR LN) (not covered): Kenitra Exploration Award & Seismic Commencement, Offshore Morocco | Gulfsands Petroleum (GKP LN) (not covered): Secured Term Financing Facility of up to £4 mm | MX Oil (MXO LN) (not covered): Proposed Placing | Solo Oil (SOLO LN) (not covered): Placement of Equity and TVR
Companies: PHAR OMV LOGP CHAR GPX MXO SCIR
Madalena Energy (MVN CN) (not covered): Lower oil price in Argentina | Pan Orient Energy (POE CN) (not covered): 3Q16 results | Atlantic Petroleum (ATLA DK/NO) (not covered): no deal at Orlando | The Parkmead Group (PMG LN) (not covered): 1H16 results | Urals Energy (UEN LN) (not covered): operational update in Russia | MX Oil (MXO LN) (not covered): Update in Nigeria
Companies: MVN POE ATLA PMG MXO UEN
Randall & Quilter Investment Holdings (RQIH.L) | Netscientific (NSCI.L) | Haydale Graphene Industries (HAYD.L) | MX Oil (MXO.L) | Cogenpower (CGP.L) | Fiske (FKE.L) | Obtala (OBT.L) | BMR Group (BMR.L) | Baron Oil (BOIL.L) | Solo Oil (SOLO.L)
Companies: RQIH HAYD ECP WBI BMR BOIL FKE MXO SCIR NSCI
The Hybridan Small Cap Wrap is a weekly review of some of the most interesting small cap stories of the past week. Our review will usually be of those companies whose market capitalisations are less than £50m although we may occasionally cover larger companies.
Companies: 7DIG ABDP BGO COG GFIN MDZ MXO WBI OPTI PEG YGEN PLI ORPH AVCT BIDS LDRUF
7DIG Half Yearly Reports, AVG Final Results, BMR Potential, COS Agreement, IKA Patent grant, MGR Half Yearly Report, MXO* Half Yearly Report and Update, OBT Half Yearly Report, OPTI* Completion of Study, ORM Half Yearly Report, PLI* Meeting with US FDA, SVR Interim Results, VLG Interim Results, UNG New Contract Win .
Companies: 7DIG AVG BMR IKA MXO WBI OPTI PLI SVR VLG UNG ORM PMI
AFPO Memorandum of Understanding, AAU Quarterly Newsletter, ATQT Directorate Change, COS Participation, FITB* Board Changes and Appointment of CEO, G4M Trading Update, MARL* Exercise of Warrants, Termination and CPR, MDZ* Final Results, MXO* Nigerian Update, OPTI* Half Yearly Report, PEG* Directorate Change and Half yearly Report, PLI* Expansion of Phase II, SVR Award and Patents, STEL Licence Application, ZEG Intention to Move to Official List
Companies: BLCC AAU ATQT G4M MDZ MXO OPTI SVR ZEG STEL MARL BIDS
Research Tree provides access to ongoing research coverage, media content and regulatory news on MX Oil.
We currently have 24 research reports from 3
Companies: Canadian Overseas Petroleum Limited
Companies: Sylvania Platinum Ltd.
Companies: Shanta Gold Limited
Pantheon Resources announced that it has commenced drilling the Theta West #1 well, which has now drilled to a depth of 1,874 feet – target depth is circa 9,200 feet. The well is targeting i) the Upper Basin Floor Fan and ii) the Lower Basin floor fan, both of which are referred to as Theta West. Theta West has a combined best estimate success-case recoverable resource of 1.4 billion barrels of oil.
Companies: Pantheon Resources plc
Initiating Coverage: Price Target 20p
Potential Beyond Tin
AfriTin Mining Limited (ATM) is one of only three listed tin producers in Western markets. It has a large (820km2) land package in Namibia comprising 5 prospective licenses of which the Uis mine is the most advanced and already in production. Near term growth is being delivered with an 80% increase in tin production between 2022 and 2024. However, this is only scratching the surface and there are more than conceptual plans being fo
Companies: AfriTin Mining Ltd.
West Newton potential flow rate analysis
Companies: Union Jack Oil Plc
Savannah’s FY21 trading update demonstrates continued progress at its Nigerian operations, with strong growth in gas volumes, revenues ahead of guidance, robust cost controls and net debt levels declining. This should be encouraging for investors as Savannah expands its sphere of operations and looks to deliver growth on multiple fronts – the recently announced Chad/Cameroon acquisitions are highly accretive and set to more than double the scale of the company’s operations, while additional grow
Companies: Savannah Energy Plc
• Oil production has been averaging ~20,000 bb/d since January 12, 2022 with export routes, including the Northern Peruvian Pipeline, fully functional. From 16/12/2021 until 12/01/2022, production was constrained to ~5 mbbl/d to manage storage capacity and barge availability due to pump station 1 bottlenecks. This resulted in 4Q21 production of 10,147 bbl/d, below our expectations of 11,500 bbl/d. All these issues have now been resolved.
• The 8H and 9H wells continue to perform very well with p
Companies: PetroTal Corp.
Companies: Atlantic Lithium Limited.
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No Leavers Today.
What’s cooking in the IPO kitchen?
Hercules Site Services a technology enabled labour supply company for the UK infrastructure sector, intends to float on AIM. Hercules is seeking to raise approximately £5.5m to rapidly deliver on the significant demand it is experiencing for its diverse range of services across the UK infrastructure sector, including to scale up its operations to supply labour to the northern section of the HS2 rail project
Companies: WSG ADME AGL CCT EMAN OHG OTMP TLY
Full year 2021 trading update
Companies: Hurricane Energy Plc
No Joiners Today.
Sumo Group has left AIM following a takeover.
What’s cooking in the IPO kitchen?
Unbound Group PLC, (currently called Electra Private Equity PLC) to join AIM. Unbound Group, will be the parent company for a range of brands focused on the 55 plus demographic. Initially focused on Hotter Shoes, Unbound's curated, multi-brand retail platform will offer additional products and services that will enhance the enjoyment and wellbeing of its targeted customer communit
Companies: TENG PLUS EVG CHAR CCS BARK
Wressle pressure analysis results
Ariana Resources (AAU LN) – 2021 production guidance exceeded
Atlantic Lithium* (ALL LN) formerly IronRidge* (IRR LN) – High-grade infill drilling results at Ewoyaa
BlueRock Diamonds* (BRD LN) – Wet season dampens Q1 outlook as mine ramps up production to new levels
Caledonia Mining* (CMCL LN) – Blanket mine achieves record gold production in 2021 to exceed production guidance
Petra Diamonds (PDL LN) – H1 ends on positive diamond industry outlook and strong prices
Rio Tinto (RIO LN) – 2021
Companies: CMCL AAU BRD PDL RIO ALL
We have aligned our forecasts with the guidance provided by i3 Energy and reiterate our 35p fair value estimate (see Table 1), of which 28p relates to the company's Canadian operations (unchanged).
Companies: i3 Energy Plc