SP Angel Oil & Gas Daily Flow: 08/11/21

Market update - 08/11/2021

Ascent Resources (AST) - Non Recourse Funding Secured for Claim against the Republic of Slovenia

Ascent Resources announced that it has signed a binding damages-based agreement to pursue the Company's ECT and Slovenia-UK BIT arbitration claim against the Republic of Slovenia. Specifically, the company announced that it has signed a binding damages-based agreement with Enyo Law LLP, the specialist arbitration and litigation legal firm who filed the Notice of Dispute and represented the company in the pre-arbitration negotiations, to commence the arbitration proceedings against the Republic o

Ascent Resources (AST) - Update on Gas Prices and Slovenian Partner

Ascent Resources has announced that given the nine-fold increase in gas prices on the European Continent it is now generating net revenue of at least €100,000 per month from its two producing wells in Slovenia.

WHI First Light: Ascent Resources (AST) - Final Results

Ascent is focusing on i) progressing its entry into Cuba via its exclusive rights to negotiate PSCs for onshore blocks 9A, 12 and 15, which combined cover 7,000km2, ii) an ESG metals strategy, which includes secondary mining and metal recovery opportunities and iii) arbitration proceedings in respect of its Slovenian gas assets with the Republic of Slovenia. As a reminder post period end (31 December 2020), the company raised £1.1M

WHI First Light: Ascent resources (AST) - Strategy and Funding Update

Ascent Resources has announced the addition of an ESG Metals strategy alongside its current resource focus and that it has raised £1.0m by way of an oversubscribed subscription at 10.1p.

Small Cap Feast

Cellular Goods a UK-based provider of premium consumer products based on biosynthetic cannabinoids announced its intention to join the main market (standard) this spring. Target valuation £20m raising c. £8m “to finalise the development and launch of a range of the Company's premium-quality consumer products based on biosynthetic cannabinoids, which is fully compliant under UK law.” Kanabo Group (RTO by Spinnaker Opportunities SOP.L) on the main market (standard). Raising £6m, enlarged mkt cap £

WHI First Light: Ascent Resources (AST) - Interim Results

Ascent Resources announced its interim results for the period ended 30 June 2020. Over the period the company successfully restructured its board and management team. The company also restructured its RiverFort debt with the cancellation of the related equity swap agreement. The company has made material headway advancing oil & gas projects in Cuba, while instigating a new special situations strategy in Slovenia, where the company operates the Petisovci gas field.

Transformation in progress as proven new management adopt a compelling Special Situations strategy for the resources sector

Ascent joined AIM in 2004 and has focused on developing the large Petišovci tight gas project in Slovenia. Production began in 2017, but prolonged issues with the government over permits have stopped the optimisation of this development which has consequently resulted in significantly lower than expected gas sales which have been small. With little progress being made the share price fell substantially, promoting some big changes which have seen the arrival of a new board with a brand-new strate

WHI First Light: Ascent Resources (AST) - Successful Funding and Cuban Operational Developments

Ascent Resources announced that it has submitted an application to become an operator in Cuba and that it has successfully secured £700,000 of funding to support a Cuban work program and execution of a Special Situations strategy, working capital and other purposes.

WHI First Light: Ascent Resources (AST) - Board Changes

Ascent announced that Leonardo Salvadori, Non-Executive Director, will be assuming the part time role of Technical Director from 1 October 2020, leading the Company's technical work across both Cuba and Slovenia. Mr. Salvadori will therefore become an executive of the Company, relinquishing his Non-Executive duties and stepping down from the Board, effective 1 October 2020.

Oil & Gas Daily Flow

Lansdowne Oil & Gas* (LOGP LN): FY19 results, farm-out remains key | Ascent Resources* (AST LN): FY19 results, new country entry outweighs challenges in Slovenia

WHI Corporate Sponsored First Light: Immotion (IMMO), Thalassa (THAL) and Ascent Resources (AST)

Immotion Group (IMMO) – Corporate – Full year results – corrective actions taken to protect the business Market Cap £10.0m Share Price 2.7p Immotion is a leading UK-based ‘out of home' Virtual Reality (VR) experience provider. This morning, the group has released full year results to 31 December 2019, broadly in line with our forecasts. Post year-end and reacting to COVID-19, management took the previously reported actions to reduce the company's cash burn, including salary reductions and th

Oil & Gas Daily Flow

Great Eastern Energy Corporation* (GEEC LN): FY20 results, resistance to volatility | Ascent Resources* (AST LN): Administrative Court rules that EIA is required ahead of well stimulation

Predator Oil & Gas Holdings PLC - Initiation of Coverage - Buy Target Price 0.25 Pence

• Up to 200MMscfd gas to industry opportunity in Morocco • Replacing more expensive and CO2 emitting LPG • 295BCF (2C) in Guercif permit onshore Morocco • Multifold upside from yet undrilled prospective in permit • Competitive advantage from capital-light phased development approach • 3-month re-rating to 15p after flow-testing discovery well, and two appraisal wells in June/July 2023 • 12-month target of 25p with first gas of 1MMscfd in May/July 2024 ramping-up rapidly to 10MMscfd • Further ups

Fully funded for range of activities - operational and key third party evaluations

Savannah Energy+ (SAVE, Suspended, Under Review) - Gas sales and purchase agreement signed with AMOCON

FLASH: Completion date extended (again)... but positive drilling results indicate resource upside

Andrada Mining: Lithium driving value after “numerous unsolicited approaches” to accelerate Uis development

Andrada Mining (“ATM”) has announced several unsolicited approaches from international entities to accelerate production from its lithium portfolio through a potential strategic partnership in its Uis project in Namibia. A global investment bank has been appointed to provide a structured assessment of potential partners based on financial and technical merits. After the expansion of the Phase 1 tin operation in 2022, Uis achieved record quarterly tin concentrate output for the three months to Fe

Initial Equity Trading Comments - 15 May 2023

Savannah Energy+ (SAVE, Suspended, Under Review) - COTCo update

Jubilee Metals (JLP) – Corporate – Jubilee concludes another value-added chrome deal

Jubilee today concludes yet another deal on the western limb of the Bushveld complex in South Africa – this time for a refurbished chrome facility processing 360kt chrome ore per year and producing 200kt/yr of chrome concentrate. This plant will be a carbon copy of other plants operated by Jubilee, making use of its expert chrome-ore processing technology and involves it retaining the PGM-enriched tailings (containing 10koz PGM) for processing at either Inyoni (full capture of revenues) or at i

Savannah Energy+ (SAVE, Suspended, Under Review) - FY22A results; readmission expected in Q3

WH Ireland: Jersey Oil & Gas (JOG) - License Extension & Assignment Approvals

The development is positive and meaningful. The support shown by the NSTA is reassuring, even if widely expected. We anticipate that crude oil prices will strengthen materially in 2H 2023 on strong inventory draws. Today's announcement positions Jersey Oil & Gas to participate fully in the positive momentum we see for the sector in 2H 2023. We reiterate our 684p fair value estimate for Jersey Oil & Gas.

Successful first test at CN-1

Cenkos: Diversified Energy Company Plc -- Director Purchases Underline Confidence

Recent share purchases by Diversified's Board and Management highlights the attractiveness of the Diversified value proposition, and should provide investors with confidence in the Company's long-term strategy. Despite significant growth in the Company's asset base in recent years and a stronger outlook for US natural gas, Diversified is now trading at its lowest price since the height of the COVID-19 pandemic in Q2/20. We believe the current dislocation in the Company's share price makes for an

Hybridan Research: Sector Review: Critical minerals for UK - mining and battery recycling: 09-05-2023

Virgin mining: Energy security and decarbonisation are driving the race in the sourcing of critical minerals from the natural world. This has contributed to the revival of exploration activities in the US, Europe and to a lesser degree the UK. For example, the global identified lithium resources increased from 40m tonnes in 2015 (the Paris Agreement year) to 97m tonnes in 2023, at a CAGR of 12%, according to the U.S. Geological Survey data. For example, there was no identified lithium resources

Hybridan Small Cap Feast - 06 Jun 23

6th June 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 objectiv

Cenkos: Neometals Ltd -- Commercial progress crystallising value

Since its AIM IPO, Neometals has made substantial commercial progress with its battery recycling and vanadium recovery processes. Primobius, its battery recycling JV, is expected to record significant revenues from plant sales to third-parties this calendar year and commercial project SPVs in both battery recycling and vanadium recovery are approaching Final Investment Decision within the next 12-months. We believe these events will crystalise value for Neometals leading to a potentially signifi