Panoro Energy (PEN NO)C; target price: NOK20.00: Balance sheet withstanding US$25/bbl | PetroTal (PTAL LN/TAL CN)C: Temporary Shut In of Bretana Oil Field Due to COVID-19 Pipeline Closure | Cairn Energy (CNE LN): Dry hole in Mexico – The Ehecatl-1 exploration well on Block 7 did not encounter hydrocarbons | Diversified Gas and Oil (DGOC LN): 1Q20 trading update and dividend payment | Frontera Energy (FEC CN): 1Q20 update; dividend suspended; FY20 production guidance withdrawn | Maha Energy (MAHA
Companies: PEN TAL DNO GENL AEX CAD TTE EQNR REP TETY AKRBP G3E MAHAA DEC CNE
Bahamas Petroleum Company (LON:BPC) is in the final stages of completing the funding necessary to drill its inaugural exploration well (Perseverance-01) offshore Bahamas, which it expects to spud in the second quarter of 2020. The current valuation is inline with its peers, but with an estimated 1,
Companies: CEG G3E UOG
Columbus Energy Resources (CERP LN) (not covered): Operational update in Trinidad | PetroTal (PTAL LN/TAL CN)1; BUY, £0.40: Exploration drilling results in adjacent block | G3 Exploration (G3E LN) (not covered): FY18 results | Jadestone Energy (JSE LN/CN); HOLD, £0.50: 4Q18 results | Equinor (EQNR NO) (not covered): Divestment in Norway | Valeura Energy (VLE CN)7; BUY, C$10.00: London listing | Maurel & Prom (MAU FP) (not covered): 1Q19 update
Companies: CERP TAL G3E JSE VLE MAU
Canacol Energy (CNE CN) (not covered): Reserves update in Colombia | G3 Exploration (G3E LN) (not covered): Annual reserve report in China | Repsol (REP SM) (not covered): 4Q18 results | Genel Energy (GENL LN); Speculative Buy, £3.00: Positive progress in Kurdistan
Companies: CNE G3E REP GENL
G3 Exploration (G3E LN) (not covered): Asset Sales update in China | i3 Energy (I3E LN)1; Speculative Buy, £2.30: Important milestone to fund 2019 drilling | Serinus Energy (SENX LN/CN)1; Speculative Buy, £0.25: Legal claim filed for Moftinu gas plant delays & Romania operational update | Block Energy (BLOE LN) (not covered): Transaction in Georgia | Exillon Energy (EXI LN) (not covered): Production update in Russia | Outstanding Royalties in Nigeria
Companies: G3E I3E SEN BLOE
G3 Exploration (G3E LN) (not covered): Operational update in China | Ophir Energy (OPHR LN): HOLD, £0.55; Recommended cash offer for Ophir | Lundin Petroleum (LUPE SS) (not covered): FY18 results | Anglo African Oil & Gas (AAOG LN) (not covered): Congo well encounters oil at deeper horizon
Companies: G3E OPHR LUNE AAOG
Edison Investment Research is terminating coverage on G3 Exploration (G3E). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant.
Companies: G3 Exploration Ltd
Potential equity released to G3 Exploration (G3E) stakeholders through the company’s planned Hong Kong listing of the producing assets remains a key catalyst and valuation benchmark. Management believes that net proceeds from the IPO will enable the company to redeem the Nordic and GIC bonds using the new capital raised within the Hong Kong listed vehicle to fund CBM drilling activity on the producing GSS and GCZ blocks. At this stage, G3E’s valuation is heavily dependent on the success of the p
Madalena Energy (MVN CN) (not covered): Concession award in Argentina | Phoenix Global Resources (PGR LN) (not covered): Compensation to IOG in Argentina | Rockhopper Exploration (RKH LN) (not covered): 1H18 results | G3 Exploration (G3E LN) (not covered): 1H18 results | Hague and London Oil: Acquisition in the UK | Valeura Energy (VLE CN)1 ; BUY, C$11.00: Transferring coverage: Hiding in plain sight | Global Petroleum (GBP LN)1 ; Speculative Buy, £0.05: New exploration licence in Namibia
Companies: MVN PGR RKH G3E VLE GBP
G3E Exploration (G3E LN): FY17 results | Early exit from Risk Service Contract in Malaysia | Soco International (SIA LN) (not covered): Operations update | I3 Energy (I3E LN) (not covered): Loan conversion | Repsol (REP SM) (not covered): Increased spending in upstream | Volga Gas (VGAS LN) (not covered): Operational update in Russia | Tethys Oil (TETY SS)1,6; BUY, SEK85.00 - Production update in Oman
Companies: G3E PHAR I3E REP VGAS TETY
Columbus Energy (CERP LN) (not covered): Potential acquisition in Trinidad | Echo Energy (ECHO LN) (not covered): FY17 results | President Energy (PPC LN) (not covered): Work programme in Argentina | Trinity Exploration & Production (not covered) (TRIN LN): 1Q18 operational update in Trinidad | G3 Exploration (G3E LN) (not covered): Reserves update in China | Faroe Petroleum (FPM LN)6 ; BUY, £1.60: DNO (DNO NO) (not covered) increases stake in Faroe | Frontera Resources (FRR LN) (not covered): A
Companies: CERP ECHO PPC TRIN G3E FPM FRR JKX
G3 Exploration (LON:G3E), previously Green Dragon Gas, published an operational update for its Baotian-Qingshan (GGZ) Block, located in the Guizhou Province of Southern China.
Noble Energy (NBL US) (not covered): Tamar sell-down offshore Israel | G3 Exploration (G3E LN) (not covered): 2017 operational update and 2018 outlook in China | Nostrum Oil & Gas (NOG LN)6 ; BUY, £5.15: Trading update and outlook | Statoil (STL NO) (not covered): Pulls out of Mozambique block talks
Companies: NBL G3E NOG EQNR
Research Tree provides access to ongoing research coverage, media content and regulatory news on G3 Exploration Ltd.
We currently have 37 research reports from 6
Friday's market sell off saw some violent downward moves in many stocks with little initial differentiation between sectors or the key drivers of businesses, creating significant share price drops in a number of higher quality or uncorrelated names. We take a look at some stocks we believe have either seen an unwarranted sell-off, have seen weakness go under the radar or where there is now a more attractive opportunity.
Companies: ANX IBPO CYAN SOM EQT AFM
Phoenix copper today announces an update on its deep drilling program below the proposed Empire oxide open pit resource and into the deeper sulphide zone. Phoenix is roughly 1/4 the way through a 4,500m drilling programme and has once again shown that high-grade zones of copper, zinc and lead sulphide mineralisation exist, nearly always associated with gold and/or silver and often with elevated concentrations of tungsten and molybdenum.
Companies: Phoenix Copper Ltd. (United Kingdom)
Across a broader market sell off EQTEC have shown resilience and is trading at 1.55p, above its placing in May, up 25% from one month ago.
Companies: EQTEC PLC
No joiners today
No leavers today
What’s cooking in the IPO kitchen?
Trinistar Liverpool S.a r.L announces its potential listing of a newly formed single asset company which will own the Capital Building in Liverpool on the IPSX. Upon admission the Company would become a real estate investment trust (REIT). The Capital Building occupies close to a 3.5 acre freehold site in the centre of Liverpool’s business district; the building comprises c425,000 square feet of predominantly of
Companies: ADBE ADBE SYM ARC AVCT CMCL CLIN DCTA FRAN OSI
SolGold (“SOLG”) has published the first partial assay results from its drilling programme at the Varela target on the Rio Amarillo concession, 35km from the flagship Cascabel project. Hole 1 has been assayed to a depth of 1,052m, revealing an intercept of 72m @ 2.16 g/t Au from 639.7m, including 24m @ 5.77 g/t Au. More interestingly assay results are pending from 1,052m to 1,708.1m (EOH) where free gold and porphyry mineralisation have been identified. Intersections of porphyry style mineralisa
Companies: SolGold Plc
West Newton planning update
Companies: Union Jack Oil Plc
Trinity has received FDP approval from the Ministry of Energy and Energy Industries (MEEI) for the Phase 1 development of the Galeota licence. The submitted development plan has the potential to add additional peak production of c4,000 bopd; however more recent modelling suggests that intra-year peak production could be significantly higher, up to 7,000 bopd. Whilst the current development concept comprises the installation of a low-cost eight well platform (Echo), we note that Trinity is also w
Companies: Trinity Exploration & Production Plc
European gas prices are never far away from the headlines at the moment, although Parkmead’s results to end-June did not capture this surge in prices – that is yet to come. Parkmead is well placed to benefit from the current strength in European gas prices, while the potential for another commodity super-cycle suggests there is further progress to come on its major GPA oil project. A strong net cash position also puts it in the driving seat for potential acquisitions.
Companies: Parkmead Group PLC
Shanta Gold (AIM: SHG), the East Africa-focused gold producer has today announced a drilling update on its West Kenya Project (WKP) based on its Phase 2 drilling program which aims to infill 17 modelled zones across both Isulu and Bushiangala deposits up to 450-500m below surface. The Company has also reported drilling results from a regional exploration target, Ramula, where assays have been received from the first of 12 holes drilled, as part of the resource drill-out programme, totalling 451m
Companies: Shanta Gold Limited
Atlantic Lithium* (ALL LN) – Shareholders approve demerger of gold assets
Castillo Copper (CCZ LN) – Extension of options to acquire the Litchfield and Picasso lithium projects
Cornish Lithium (Private) – $18m funding package secured from TechMet
Hochschild (HOC LN) – Shares rise as government appears to back away from closure plans
Hummingbird Resources (HUM LN) – Updated mineral reserves extend Yanoflila LOM and delivers maiden estimate at Kouroussa
Phoenix Copper* (PXC LN) – Deep drilli
Companies: HOC HUM PXC PREM CCZ ALL
Q3 2021 results; new Romania drilling planned
Companies: Serinus Energy 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.
Last week, as part of Diversified's Capital Markets Day, CEO Rusty Hutson and the Diversified senior leadership team provided investors with an in-depth overview of the Company's strategy and operations, with a specific focus on the Company's Environmental, Social and Governance (ESG) initiatives. Some of the key takeaways include US$15m of additional investment from 2022 on emission reduction activities and equipment. Mid-term plans (2023-2026) include plans to curb Scope 1 methane emissions in
Companies: FO 88E DEC EME GTC TRIN UOG WEN
Q3 2021 results
Companies: Arrow Exploration Corp.
Alien today announces that it has entered into a Binding Heads of Agreement with Platina Resources (ASX:PGM, Mkt. Cap. A$29m) to acquire Platina's 30% interest in the Munni Munni Platinum Group Metals (PGM) Project in Western Australia. This has an established resource (JORC 2004) of 24Mt grading 2.9g/t PGE + gold (2.2Moz PGE). Alien will look to advance the Munni Munni PGM project with its JV partner Artemis Resources (ASX:ARV, Mkt Cap A$110m). The purchase will cost Alien £1.2m (cash of £0.
Companies: Alien Metals Ltd