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(LUPE SS) (not covered): 1Q19 results | Pennine Petroleum Corporation (PNN CN) (not covered): Velca Block licence withdrawn | Royal Dutch Shell (RDSA/B LN) (not covered): 1Q19 results | JKX Oil & Gas (JKX LN) (not covered): WM3 initial test results in Ukraine | MX Oil (MXO LN) (not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 ZOE 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: Sylvania Platinum Ltd.
Hargreaves’ FY21 results confirm a period of material profit growth and cash generation. It has been a transformational period, in which all direct coal related activities ceased, HRMS profits surged and net debt was eliminated. As expected, the first 12p additional dividend has been proposed (total FY21 DPS 19.2p) and we expect this to recur for a further three years, at least. As we wrote in our recent detailed note, Hargreaves has been wholly repositioned and now has genuine momentum. The sha
Companies: Hargreaves Services plc
Companies: Thungela Resources Limited
ADX Energy (ADX AU) C: Target of A$0.040 per share: High impact newsflow in 2H21 - 2H21 will be very important for the company with significant upcoming newsflow. In our view, the most meaningful eventis the drilling of the Anshoff well in Austria. We were previously anticipating that the company would need a farm-in partner to fund the well. However, in the context of the current high oil price, >A$4 mm in cash at the end of June and
Companies: XOM XOM SOU NOG SEPL LUPE RDSA TETY TETY ADX CE1 DNO DNO ENI ENI EQNR EQNR GENL IHC OMV OMV PEN PEN PHAR REP REP SNM TTE
Emissions commitment, Blythe well spud
Companies: IOG PLC
i3 Energy announced that it has completed tie-in operations for its two recently drilled Marten Hills wells into the Clearwater Formation (each consisting of 8 horizontal laterals). The 01-12-075-26W4 and 02-12-075-26W4 wells penetrated 13,057m and 12,644m, respectively, of reservoir – both at maximum vertical depths of circa 630m. The wells are now on production and flowing back drilling fluid. This clean-up process is expected to take approximately three to four weeks. The company indicated th
Companies: i3 Energy Plc
Yet again, Rio managed to maintain its dividend extravagance. Although, besides mighty iron ore, the exceptional H1 results were partly also driven by aluminium and copper – where normalcy is gathering momentum. With key divisions moving in the right direction, and balance sheet flexibility being put to good use, i.e. rewarding shareholders and pursuing growth – this time via a greenfield lithium investment, Rio remains a promising large-cap mining play. Further re-rating may materialise if gove
Companies: Rio Tinto plc
Positive developments on distribution, with the share buy-back programme becoming clearer and with the dividend having an element of growth. The amount of the share buy-back is in line with the policy of distributing 60% of surplus cash flow ($2.4bn in H1), and the dividend growth rate of 4% is similar to Shell. Operationally, the results are good and allowed for $0.7bn as cash surplus in Q2 against a guidance of a deficit, thanks to the higher oil prices.
Companies: BP p.l.c.
Wressel proppant squeeze completed
Companies: Union Jack Oil Plc
While the start of the buy-back programme was announced (but not its amount), the positive surprise comes from the dividend. While the dividend is still down by 50% vs pre-COVID-19, management made a good decision, as this level is sustainable and will get rewarded.
Companies: Royal Dutch Shell Plc Class A
Companies: Genel Energy PLC
The group’s AGM statement highlights a strong rebound in activity during Q1, with improved market demand, helped by new customer and project wins. Indeed, it reports revenues up >50% year on year. Progress continues with Atlas, with Spain and Holland now live. The previously flagged supply chain constraints and price pressures continue but are being mitigated by price rises. No change to forecast expectations are signalled. The shares have moderately underperformed in the quarter and offer good
Companies: Trifast plc
South Harz Potash is expected to start drilling its first of two planned confirmation holes at Ohmgebirge in Q4/CY21. The Company has submitted supplementary detailed information to regional mining authorities to support the final step in the permitting process.
As a result of the delays experienced in procuring landowner and tenant approved drill sites and the competition for drill rig availability, South Harz Potash now expects drilling of the second confirmatory twin hole in Q1/CY22. The tw
Companies: South Harz Potash Ltd
Salt Lake Potash has experienced more issues at Lake Way, with less than expected plant feed salt within harvest ponds. This has led to a decision to suspend the initial plant feed programme following processing of the first 90-110kt of harvest salts, to enable more salts to precipitate before commencing continuous harvesting activities. As a result, FY22 forecast SOP production has reduced from 165-185kt to 85-105kt.
It's not all smooth sailing in the plant either. Whilst it has been handed ov
Companies: Salt Lake Potash Limited
Bacanora Lithium (BCN LN) – Ganfeng offer deadline extension
Bluejay Mining* (JAY LN) - BUY - Valuation 37.7p – Ilmenite prices set to rise higher on suspension of Sierra Rutile mine
Glencore (GLEN) – Glencore H1 production and full-year outlook mixed in the face of Covid19
Lucara Diamonds (LUC CN) – Karowe yields a 393 carat white diamond
Sibanye-Stillwater (SSW JSE) - Sibanye to buy French nickel facility for €65m from Eramet
Companies: LUC BCN JAY GLEN SSW