Equity Research, Broker Reports, and media content on Amur Minerals Corporation

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  • 14 Feb 20
Amur Minerals: Proactive sits down with senior board advisor Adam Habib
amur-minerals-proactive-sits-down-with-senior-board-advisor-adam-habib
  • 14 Feb 20
Amur Minerals: Proactive sits down with senior board advisor Adam Habib
amur-minerals-proactive-sits-down-with-senior-board-advisor-adam-habib
  • 13 Feb 20
SP Angel . Morning View

Altus Strategies* (ALS LN) – Start of JV funded ground magnetic survey at Tabakorole, Mali | Amur Minerals* (AMC LN) – Appointment of an Advisor to the Board | Beowulf Mining* (BEM LN) – Beowulf considers options with lawyers over licensing of its Kallak project in Sweden | Gem Diamonds (GEMD LN) – Further evidence of recovering diamond prices | SolGold* (SOLG LN) – Rio Amarillo exploration results

Companies: ALS AMC BEM GEMD SOLG

  • 13 Feb 20
SP Angel . Morning View

Altus Strategies* (ALS LN) – Start of JV funded ground magnetic survey at Tabakorole, Mali | Amur Minerals* (AMC LN) – Appointment of an Advisor to the Board | Beowulf Mining* (BEM LN) – Beowulf considers options with lawyers over licensing of its Kallak project in Sweden | Gem Diamonds (GEMD LN) – Further evidence of recovering diamond prices | SolGold* (SOLG LN) – Rio Amarillo exploration results

Companies: ALS AMC BEM GEMD SOLG

  • 28 Jan 20
SP Angel . Morning View

Amur Minerals* (AMC LN) – Rock mechanics study completed | Bluejay Mining* (JAY LN) – Bluejay informed Government response on final EIA approval expected in February. Expects positive political decision for development thereafter. | BlueRock Diamonds* (BRD LN) – Achieves profitable operations during H2 2019 | Botswana Diamonds (BOD LN)* – £250,000 funding | Condor Gold* (CNR LN) – Permitting update | Ormonde Mining* (ORM LN) – Disposal of residual interest in Barruecopardo and board changes | Premier African Minerals* (PREM LN) – Operating agreement with MN Holdings | Trans-Siberian Gold (TSG LN) – Production in line with guidance despite a slowdown in Q4/19

Companies: AMC JAY BRD BOD CNR ORM PREM TSG

  • 28 Jan 20
SP Angel . Morning View

Amur Minerals* (AMC LN) – Rock mechanics study completed | Bluejay Mining* (JAY LN) – Bluejay informed Government response on final EIA approval expected in February. Expects positive political decision for development thereafter. | BlueRock Diamonds* (BRD LN) – Achieves profitable operations during H2 2019 | Botswana Diamonds (BOD LN)* – £250,000 funding | Condor Gold* (CNR LN) – Permitting update | Ormonde Mining* (ORM LN) – Disposal of residual interest in Barruecopardo and board changes | Premier African Minerals* (PREM LN) – Operating agreement with MN Holdings | Trans-Siberian Gold (TSG LN) – Production in line with guidance despite a slowdown in Q4/19

Companies: AMC JAY BRD BOD CNR ORM PREM TSG

  • 15 Jan 20
SP Angel . Morning View

Amur Minerals* (AMC LN) – Kun Manie environmental assessment complete and approved | Aura Energy* (AURA LN) – A$475,000 fundraising | Endeavour Mining (EDV CN) – Withdraws from proposed Centamin offer | Resolute Mining (RSG LN) – Sale of Ravenswood | Sirius Minerals (SXX LN) - Anglo is likely to confirm its deal to buy Sirius (Reuters) | Trans-Siberian Gold (TSG LN) – Discovery of new vein extension at Asacha

Companies: AMC AURA EDV RSG SXX TSG

  • 15 Jan 20
SP Angel . Morning View

Amur Minerals* (AMC LN) – Kun Manie environmental assessment complete and approved | Aura Energy* (AURA LN) – A$475,000 fundraising | Endeavour Mining (EDV CN) – Withdraws from proposed Centamin offer | Resolute Mining (RSG LN) – Sale of Ravenswood | Sirius Minerals (SXX LN) - Anglo is likely to confirm its deal to buy Sirius (Reuters) | Trans-Siberian Gold (TSG LN) – Discovery of new vein extension at Asacha

Companies: AMC AURA EDV RSG SXX TSG

  • 03 Dec 19
Amur Minerals - Russian TEO status

On 4 November, Amur announced it had raised £1.2m (gross) via the issue of 70.6m shares at a price of 1.7p per share from an asset manager ‘specialising in natural resources’. This share issue is of material importance in advancing Amur towards completion of its mandatory Russian feasibility study (TEO) for its Kun-Manie nickel copper suphide project in Russia’s Far East. Due in December 2020, information included in the independently compiled TEO will also be incorporated in subsequent western feasibility study work.

Companies: Amur Minerals Corporation
  • 03 Dec 19
Amur Minerals - Russian TEO status

On 4 November, Amur announced it had raised £1.2m (gross) via the issue of 70.6m shares at a price of 1.7p per share from an asset manager ‘specialising in natural resources’. This share issue is of material importance in advancing Amur towards completion of its mandatory Russian feasibility study (TEO) for its Kun-Manie nickel copper suphide project in Russia’s Far East. Due in December 2020, information included in the independently compiled TEO will also be incorporated in subsequent western feasibility study work.

Companies: Amur Minerals Corporation
  • 12 Nov 19
SP Angel . Morning View

Amur Minerals* (AMC LN) – Hydrological study update | Base Resources (BSE LN) – Presentation to TZMI Congress highlights transition at Kwale in Kenya | Bluejay Mining* (JAY LN) – Appointment of exploration manager | KEFI Minerals* (KEFI LN) – Encouraging drilling results at Hawiah | Orosur Mining* (OMI LN) – Sale of Uruguay assets | Renascor Resources* (RNU AU) – Renascor Siviour Graphite Project DFS demonstrates value | Scotgold Resources* (SGZ LN) BUY – Target Price 88p – Annual results

Companies: AMC BSE JAY KEFI OMI SGZ

  • 12 Nov 19
SP Angel . Morning View

Amur Minerals* (AMC LN) – Hydrological study update | Base Resources (BSE LN) – Presentation to TZMI Congress highlights transition at Kwale in Kenya | Bluejay Mining* (JAY LN) – Appointment of exploration manager | KEFI Minerals* (KEFI LN) – Encouraging drilling results at Hawiah | Orosur Mining* (OMI LN) – Sale of Uruguay assets | Renascor Resources* (RNU AU) – Renascor Siviour Graphite Project DFS demonstrates value | Scotgold Resources* (SGZ LN) BUY – Target Price 88p – Annual results

Companies: AMC BSE JAY KEFI OMI SGZ

  • 08 Nov 19
Amur Minerals raises £1.2mln and remains 'fully focused on completing DFS' for Kun-Manie
amur-minerals-raises-1-2mln-and-remains-fully-focused-on-completing-dfs-for-kun-manie
  • 08 Nov 19
Amur Minerals raises £1.2mln and remains 'fully focused on completing DFS' for Kun-Manie
amur-minerals-raises-1-2mln-and-remains-fully-focused-on-completing-dfs-for-kun-manie
  • 04 Nov 19
SP Angel - Morning View

Amur Minerals* (AMC LN) 2.7p, Mkt Cap £21m – £1.2m equity raise | Anglo Asian Mining* (AAZ LN) 146p, Mkt Cap £166m – Q3 exploration update: new gold-copper mineralisation discovered | Bushveld Minerals* (BMN LN) 22.25p, Mkt Cap £268m – Bushveld prime the market for VRFB batteries with investment into Avalon takeover of RedT | Cora Gold* (CORA LN) 6.9p, Mkt Cap £8.9m – Summary of recent exploration work at Sanankoro | Georgian Mining Corporation (GEO LN) 1.175p, Mkt Cap £1.6m – Outotec to help modernise the Madneuli copper concentrator in Goergia | Rambler Metals & Mining* (RMM LN) 1.375p, mkt cap £18m – Drilling results from the Ming Mine | Shanta Gold (SHG LN) 8.6p, Mkt Cap £68m – $1.4m VAT refund

Companies: AMC AAZ bmn CORA GEO RMM SHG

  • 04 Nov 19
SP Angel - Morning View

Amur Minerals* (AMC LN) 2.7p, Mkt Cap £21m – £1.2m equity raise | Anglo Asian Mining* (AAZ LN) 146p, Mkt Cap £166m – Q3 exploration update: new gold-copper mineralisation discovered | Bushveld Minerals* (BMN LN) 22.25p, Mkt Cap £268m – Bushveld prime the market for VRFB batteries with investment into Avalon takeover of RedT | Cora Gold* (CORA LN) 6.9p, Mkt Cap £8.9m – Summary of recent exploration work at Sanankoro | Georgian Mining Corporation (GEO LN) 1.175p, Mkt Cap £1.6m – Outotec to help modernise the Madneuli copper concentrator in Goergia | Rambler Metals & Mining* (RMM LN) 1.375p, mkt cap £18m – Drilling results from the Ming Mine | Shanta Gold (SHG LN) 8.6p, Mkt Cap £68m – $1.4m VAT refund

Companies: AMC AAZ bmn CORA GEO RMM SHG

  • 30 Sep 19
SP Angel . Morning View

Amur Minerals* (AMC LN) – Interim results – shift from exploration drilling to design and economic studies at Kun Manie | Aura Energy Limited* (AURA LN) – Annual Report | Beowulf Mining* (BEM LN) – Targets defined at Mitrovica in Kosovo | Bluejay Mining* (JAY LN) – Interims highlight progress made in shipping 42,000t bulk tonnage of high-grade ilmenite to Canada | Bushveld Minerals* (BMN LN) BUY – Valuation 80p – Bushveld enjoys strong sales in first half despite pullback in vanadium prices | Cora Gold* (CORA LN) – Extension of the Zone B mineralisation confirmed | KEFI Minerals* (KEFI LN) – Drilling starts at Hawiah | IronRidge Resources* (IRR LN) – Year-end results | Ormonde Mining* (ORM LN) – Interim results and Progress report on Barruecopardo | Phoenix Copper* - formerly Phoenix Global Mining (PXC LN) – Board appointment | Strategic Minerals* (SML LN) – R&D Grant received for Leigh Creek | Tri-Star Resources* (TSTR LN) – Interim results and project update | Vast Resources* (VAST LN) – Annual results (Apr YE): focus on Romania and Zimbabwe as funding completion nears

Companies: AMC AURA BEM JAY bmn CORA KEFI IRR ORM SML TSTR VAST

  • 30 Sep 19
SP Angel . Morning View

Amur Minerals* (AMC LN) – Interim results – shift from exploration drilling to design and economic studies at Kun Manie | Aura Energy Limited* (AURA LN) – Annual Report | Beowulf Mining* (BEM LN) – Targets defined at Mitrovica in Kosovo | Bluejay Mining* (JAY LN) – Interims highlight progress made in shipping 42,000t bulk tonnage of high-grade ilmenite to Canada | Bushveld Minerals* (BMN LN) BUY – Valuation 80p – Bushveld enjoys strong sales in first half despite pullback in vanadium prices | Cora Gold* (CORA LN) – Extension of the Zone B mineralisation confirmed | KEFI Minerals* (KEFI LN) – Drilling starts at Hawiah | IronRidge Resources* (IRR LN) – Year-end results | Ormonde Mining* (ORM LN) – Interim results and Progress report on Barruecopardo | Phoenix Copper* - formerly Phoenix Global Mining (PXC LN) – Board appointment | Strategic Minerals* (SML LN) – R&D Grant received for Leigh Creek | Tri-Star Resources* (TSTR LN) – Interim results and project update | Vast Resources* (VAST LN) – Annual results (Apr YE): focus on Romania and Zimbabwe as funding completion nears

Companies: AMC AURA BEM JAY bmn CORA KEFI IRR ORM SML TSTR VAST

  • 23 Sep 19
SP Angel – Morning View

Amur Minerals* (AMC LN) – Russian TEO study update | Caledonia Mining (CMCL LN) – Non-executive director appointment | First Quantum Minerals (FQML CN) – Takeover speculation | Greatland Gold (GGP LN) – Drilling results from the Black Hills project | KEFI Minerals* (KEFI LN) – Update | Mkango Resources* (MKA LN) – Investment proposal for rare-earth magnet recycling | Power Metal Resources (POW LN) – Power Metals highlights potential for nickel sulphide discoveries | Premier African Minerals* (PREM LN) – Interim Chairman steps aside | Strategic Minerals* (SML LN) – Cobre Arbitration

Companies: AMC CMCL GGP FM KEFI MKA POW PREM SML

  • 23 Sep 19
SP Angel – Morning View

Amur Minerals* (AMC LN) – Russian TEO study update | Caledonia Mining (CMCL LN) – Non-executive director appointment | First Quantum Minerals (FQML CN) – Takeover speculation | Greatland Gold (GGP LN) – Drilling results from the Black Hills project | KEFI Minerals* (KEFI LN) – Update | Mkango Resources* (MKA LN) – Investment proposal for rare-earth magnet recycling | Power Metal Resources (POW LN) – Power Metals highlights potential for nickel sulphide discoveries | Premier African Minerals* (PREM LN) – Interim Chairman steps aside | Strategic Minerals* (SML LN) – Cobre Arbitration

Companies: AMC CMCL GGP FM KEFI MKA POW PREM SML

  • 16 Sep 19
SP Angel – Morning View

Amur Minerals* (AMC LN) – Kun Manie project update | AfriTin Mining* (ATM LN) – Maiden JORC resource at Uis tin mine | Petra Diamonds (PDL LN) – Annual results for year to 30th June | Phoenix Copper* - formerly Phoenix Global Mining (PXC LN) – Interim results and project update for Empire oxide project | Savannah Resources* (SAV LN) – £5m fund-raising | Solgold* (SOLG LN) – Solgold helicopter accident in Ecuador kills two

Companies: AMC ATM PDL SAV SOLG

  • 16 Sep 19
SP Angel – Morning View

Amur Minerals* (AMC LN) – Kun Manie project update | AfriTin Mining* (ATM LN) – Maiden JORC resource at Uis tin mine | Petra Diamonds (PDL LN) – Annual results for year to 30th June | Phoenix Copper* - formerly Phoenix Global Mining (PXC LN) – Interim results and project update for Empire oxide project | Savannah Resources* (SAV LN) – £5m fund-raising | Solgold* (SOLG LN) – Solgold helicopter accident in Ecuador kills two

Companies: AMC ATM PDL SAV SOLG

  • 27 Aug 19
SP Angel – Morning View

Adriatic Metals* (ADT AU) – Drilling results from Rupice | Amur Minerals* (AMC LN) – NED subscribes for £163k worth of shares at 2.2p | Kodal Minerals* (KOD LN) – Bougouni ESIA submitted | MOD Resources (MOD LN) – Public review of the T3 ESIA

Companies: AMC KOD MOD

  • 27 Aug 19
SP Angel – Morning View

Adriatic Metals* (ADT AU) – Drilling results from Rupice | Amur Minerals* (AMC LN) – NED subscribes for £163k worth of shares at 2.2p | Kodal Minerals* (KOD LN) – Bougouni ESIA submitted | MOD Resources (MOD LN) – Public review of the T3 ESIA

Companies: AMC KOD MOD

  • 07 Aug 19
SP Angel – Morning View

Amur Minerals* (AMC LN) – Thomas Bowens joins Amur as Non-Executive Director | Cora Gold* (CORA LN) – Selin infill drilling results | Shanta Gold (SHG LN) – Singida funding update | Sirius Minerals (SXX LN) – Share collapse on failure to place $500m bond offering | W Resources (WRES LN) – La Parilla moving towards production from new concentrator | Wolf Minerals (WLFE LN) SUSPENDED – Liquidators selling spirals from Drakelands | Xpediator PLC (XPD.LN) – Withdrawal of forecasts and research coverage

Companies: AMC CORA SHG SXX WRES WLFE XPD

  • 07 Aug 19
SP Angel – Morning View

Amur Minerals* (AMC LN) – Thomas Bowens joins Amur as Non-Executive Director | Cora Gold* (CORA LN) – Selin infill drilling results | Shanta Gold (SHG LN) – Singida funding update | Sirius Minerals (SXX LN) – Share collapse on failure to place $500m bond offering | W Resources (WRES LN) – La Parilla moving towards production from new concentrator | Wolf Minerals (WLFE LN) SUSPENDED – Liquidators selling spirals from Drakelands | Xpediator PLC (XPD.LN) – Withdrawal of forecasts and research coverage

Companies: AMC CORA SHG SXX WRES WLFE XPD

  • 26 Jun 19
SP Angel – Morning View

Anglo American (AAL LN) – De Beers diamond sales | Amur Minerals* (AMC LN) – 2018 results | Berkeley Energia Ltd (BKY LN) – Drilling for battery metals | IronRidge Resources* (IRR LN) | Spodumene reaffirmed as Ewoyaa dominant lithium project | KEFI Minerals* (KEFI LN) – Tulu Kapi update | MOD Resources (MOD LN) – Sandfire to acquire MOD Resources | Strategic Minerals* (SML LN) – £890,000 fund raising. | Thor Mining* (THR LN) – Gold assaying at Pilot Mountain | Tri-Star Resources* (TSTR LN) – 2018 results

Companies: AAL AMC BKY IRR KEFI MOD SML THR TSTR

  • 26 Jun 19
SP Angel – Morning View

Anglo American (AAL LN) – De Beers diamond sales | Amur Minerals* (AMC LN) – 2018 results | Berkeley Energia Ltd (BKY LN) – Drilling for battery metals | IronRidge Resources* (IRR LN) | Spodumene reaffirmed as Ewoyaa dominant lithium project | KEFI Minerals* (KEFI LN) – Tulu Kapi update | MOD Resources (MOD LN) – Sandfire to acquire MOD Resources | Strategic Minerals* (SML LN) – £890,000 fund raising. | Thor Mining* (THR LN) – Gold assaying at Pilot Mountain | Tri-Star Resources* (TSTR LN) – 2018 results

Companies: AAL AMC BKY IRR KEFI MOD SML THR TSTR

  • 01 Apr 19
Amur Minerals - Kunning

On 26 February, Amur Minerals announced the long-awaited results of its updated pre-feasibility study (PFS) into its Kun-Manie project in Russia’s Far East. In contrast to previous studies, the PFS considered just two options, namely a toll smelt option and a low-grade matte option, and dispensed with the high-grade matte and refinery options. Both considered a c 6Mtpa mine operating for 15 years. For the toll smelt option, the PFS calculated an unfinanced NPV10 of US$614.5m and an IRR of 29.3% at a nickel price of US$8.00/lb (US$17,640/t). For the low-grade matte option, it calculated an unfinanced NPV10 of US$987.4m and an IRR of 34.7%.

Companies: Amur Minerals Corporation
  • 01 Apr 19
Amur Minerals - Kunning

On 26 February, Amur Minerals announced the long-awaited results of its updated pre-feasibility study (PFS) into its Kun-Manie project in Russia’s Far East. In contrast to previous studies, the PFS considered just two options, namely a toll smelt option and a low-grade matte option, and dispensed with the high-grade matte and refinery options. Both considered a c 6Mtpa mine operating for 15 years. For the toll smelt option, the PFS calculated an unfinanced NPV10 of US$614.5m and an IRR of 29.3% at a nickel price of US$8.00/lb (US$17,640/t). For the low-grade matte option, it calculated an unfinanced NPV10 of US$987.4m and an IRR of 34.7%.

Companies: Amur Minerals Corporation

Research, Charts & Company Announcements

Research Tree provides access to ongoing research coverage, media content and regulatory news on Amur Minerals Corporation. We currently have 115 research reports from 4 professional analysts.

Open
N/A
Range Today
N/A
52 Week
1.68/3.60p
Daily Volume
N/A
# Shares
843.2m
Daily Liquidity
(0.21%)
Pension Liability
£0m
Enterprise Value
£16.5m
Market Cap
£15.4m
Latest PE (hist)
Div Yield

Latest News/RNS

(more news)
Date Source Announcement
13Feb20 10:37 RNS Replacement Advisor to the Board Appointment
13Feb20 07:00 RNS Advisor to the Board Appointment
28Jan20 07:00 RNS Rock Mechanics Assessment Complete
15Jan20 07:00 RNS Base Line Environmental Assessment Complete
31Dec19 07:00 RNS Permanent Conditions TEO Update
13Dec19 10:17 RNS Annual General Meeting Results
02Dec19 07:00 RNS Issue of Equity
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  • 10 Feb 20
WHI First Light: Caspian Sunrise, Watchstone Group & Water Intelligence

Caspian Sunrise (CASP) – Corporate – Operational Update Market Cap £140m Share Price 7.7p Caspian Sunrise announced that the Deep Well A5 sidetrack has flowed for a period of 40 days and management stated it continues to believe that the well is capable of producing at a rate of at least 1,500 b/d. The company is focusing on ensuring flow is maintained by adjusting the wells choke size to maintain a constant reservoir pressure. The company stated it is planning to optimise the well through an acid job later in February and that the operation is expected to take three days. Watchstone Group (WTG) – Corporate – Pre-close trading update and planned capital return to shareholders Market Cap £68.4m Share Price 148.5p Watchstone has this morning released a pre-close update for the year ended 31 December 2019, as well as announcing a planned first tranche return of capital to shareholders by the end of June 2020, subject to approvals. Water Intelligence (WATR) – Corporate – FY trading update ahead of expectations Market Cap £44.2m Share Price 317.5p WATR has published another strong update this morning, demonstrating that the company is able to generate strong double digit growth in revenues while at the same time expanding margins. FY2019E results are reported to be well ahead of the prior year on both the sales and the profit lines (+27% and +36% respectively), while no less than 9% ahead of forecasts. Showing again that the company is able to grow sales and margins at the same time, PBT margins are up >150 basis points, while operating margins in the key Corporate activity are at 13.5% (also +150bp).

Companies: CASP WTG WATR

  • 13 Feb 20
Premier Oil

Schemes approved by debt holders

Companies: Premier Oil
  • 10 Feb 20
Cenkos: Oil & Gas Sector -- Ithaca Energy, BP Plc, Eco (Atlantic) Oil & Gas, Chrysaor, President Energy, Wentworth Resources, EnQuest, RockRose Energy, Valeura Energy, Echo Energy, TransGlobe Energy, Victoria Oil & Gas, Hurricane Energy, Touchstone Explora

Oil declined for the fifth straight week as the spreading coronavirus clouded the demand outlook and OPEC awaited Russia's decision on whether to cut production. Futures in New York fell 2.4% for the week, posting the longest weekly losing streak since 2018. Chinese refiners are processing 15% less crude than before the outbreak as the infection crimps demand. Meanwhile, Russia hesitated to accept a proposal by OPEC+ to cut output by 600,000 barrels a day. Russian Energy Minister Alexander Novak promised an answer to the proposal in “days”. In the US, gasoline futures rose to the highest in more than a week after Phillips 66 shut the sole fuel-making unit at its Bayway refinery in New Jersey, the largest on the East Coast. Futures rose 1.7% to settle at $1.5239 per gallon. Majors including Total SA and BP Plc projected a significant hit to global oil demand this year due to the virus, compounding fears of a supply glut plunging the market's structure into a bearish contango. Both state-owned and private refineries in China have scaled back processing by at least 2 million barrels a day over the past week, said people with knowledge of operations at the nation's largest complexes. So-called throughput could fall further as demand for aviation and transportation fuels continues to shrink as entire cities remain locked down and travel is restricted, the people said. West Texas Intermediate for March delivery fell 63 cents to settle at $50.32 a barrel on the New York Mercantile Exchange. Brent for April delivery lost 46 cents to settle at $54.47 a barrel on the London-based ICE Futures Europe exchange putting the premium over WTI at $3.92.

Companies: FOG PVR EME TRIN 88E

  • 10 Feb 20
The Industrial Revelation


Companies: CGS HAYD HTG OXIG RSW RNO SCPA TWD TRI ZTF GHH

  • 11 Feb 20
Buchan Asset Overview – That’s How You Do It!

Jersey supported by Rockflow Resources, petroleum consultants, has estimated that the development of the Buchan field has a potential to recover 58.5 mmb, 81.2 mmb and 99.3 mmb of oil under low, mid and high cases respectively. We met recently with Jersey and Rockflow to better understand the Buchan field and its forward looking production potential. We have gained confidence in the company’s resource estimates and we have outlined our reasons for that in this note. We have also provided our first success case estimate of the value of the field, which is $692M or $8.52/b based on the assumptions detailed in this note and the mid-case resource estimate. Given the early stage nature of the development project (project scoping phase, unfunded and no field development plan approval from the OGA) we believe a reasonable fair value for the company would include circa 10% of our success case valuation estimate, which adjusting for balance sheet items, amounts to 268p/sh.

Companies: Jersey Oil And Gas
  • 11 Feb 20
WHI First Light: Solid State, Walker Greenbank, Serinus Energy and Jersey Oil & Gas

Solid State (SOLI) – Corporate – Powering ahead from solid foundations Market Cap £53.7m Share Price 633p Solid State is a manufacturer of computing, power and communications products, and value added distributor of electronic components. This morning we have published a 24pp note setting out our investment thesis following a strong period for the group. Interim results in December demonstrated the strength of progress being delivered, putting the group well on track to meet our FY 2020E expectations and moving back into a net cash position for the first time since the acquisition of Pacer in 2018. Walker Greenbank (WGB) – Corporate – Full year trading update in line; strategic progress emerging Market Cap £50.4m Share Price 71p Walker Greenbank is a higher-end interior furnishings business with well-established global brand names and manufacturing facilities in the UK. The Group has this morning released a full year trading update, confirming that results for the year to 31 January 2020 will be in line with expectations. Against a challenging wider market backdrop, Morris & Co, Clarke & Clarke, core licensing and digital fabric printing have performed strongly, with the year-end net cash position standing at c.£1.0m (ex IFRS 16). Serinus Energy (SENX) – Corporate – Moftinu 1004 Well Successfully Tested at 6.0 mmcf/d Market Cap £24.5m Share Price 10.3p Serinus has announced that the Moftinu 1004 well produced on test at a maximum stable rate of 6.0 mmcf/d (1,000 boe/d) with no progressive pressure decrease throughout the test, which was undertaken with a 40/64” choke. Jersey Oil & Gas (JOG) – Corporate – Buchan Note Published by WHI Market Cap £21.8m Share Price 103p WHI view: Jersey supported by Rockflow Resources, petroleum consultants, has estimated that the development of the Buchan field has a potential to recover 58.5 mmb, 81.2 mmb and 99.3 mmb of oil under low, mid and high cases respectively. We met recently with Jersey and Rockflow to better understand the Buchan field and its forward looking production potential. We have gained confidence in the company's resource estimates and we have outlined our reasons for that in a note published today.

Companies: SENX WGB JOG SOLI

  • 12 Feb 20
Cenkos: 88 Energy Ltd -- Charlie-1 On Schedule

Potentially the biggest onshore well of 2020, the Charlie-1 appraisal well is on track to spud in late February. The well will intersect seven stacked intervals, targeting gross mean prospective resources of 1.6bnbbls (480mmbbls net to 88 Energy). All the permits required to drill the Charlie-1 well have been approved, with mobilisation of the Nordic Rig#3 due to begin in approximately 10 days. We believe the drilling of the Charlie-1 well will be a defining moment for 88 Energy as it looks to prove the conventional potential of the Project Icewine acreage. We look forward to one of the most anticipated onshore wells of 2020, targeting what we believe is the largest resource of any onshore well over the next 12 months.

Companies: 88 Energy
  • 06 Feb 20
Hurricane Energy

Operational update – work programme changes

Companies: Hurricane Energy
  • 14 Feb 20
Hydrodec*

2019 year-end trading update

Companies: Hydrodec Group
  • 03 Feb 20
Hardman & Co Monthly: February 2020

We recently published a paper, Share ownership: For the many, not the few, based on a statistical survey of share ownership, produced jointly with Argus Vickers, the share analysis service. The Office for National Statistics (ONS) has now issued its equivalent survey. This paper compares its results with ours. Although there are, inevitably, differences in the detail, the two surveys reach the same conclusions.

Companies: AVO AGY ARBB CLIG DNL FLTA GDR MCL NSF PCA PIN PXC PHP RECI RMDL STX SCE TON VTA

  • 02 Sep 19
LIBERUM: Sylvania Platinum* - Results beat, Grasvally disposal but light on dividend

Sylvania has reported FY19 results (June Y/E) of $6.37/sh versus expectations of $5.95/sh due to a lighter tax expense than assumed. They have entered into a binding agreement to sell Grasvally for R115m ($7.6m at current FX), which should be settled in the next eight months.

Companies: Sylvania Platinum
  • 30 Jan 20
Q4: buyback slows down

While the earnings were slightly below consensus, the focal point of the release is on the pace of the buyback programme. After sending a cautious statement last quarter, management has reduced the next tranche of the buyback to $1bn (vs. $2.5-2.75bn in the past). Pointing to a synchronised downturn (lower oil, gas prices as well as lower refining and chemical margins) which is below expectations, management is giving the priority to its balance sheet.

Companies: Royal Dutch Shell
  • 06 Feb 20
Hurricane Energy - Revised work programme at GWA and GLA

Hurricane Energy has announced an operational update with a programme focused on maximising the Aoka Mizu FPSO’s oil throughput capacity. In the Greater Warwick Area (GWA), partners concluded that it will not be possible to tie back the Lincoln Crestal Well to the FPSO in 2020. However, they are seeking regulatory consent to delay the abandonment of the Lincoln Crestal Well to obtain interference data during well testing in 2020 from one or more sub-vertical wells that are planned to be drilled and tested, to determine the maximum vertical extent of the Lincoln field. In the Greater Lancaster Area (GLA), an accelerated work programme is planned with an additional production well in 2020, in addition to drilling one or more sub-vertical wells in 2021 to determine the maximum extent of the Lancaster field. If successful, and subject to regulatory consents, the well would be tied back to the FPSO in 2021, with provisional first oil in Q122.

Companies: Hurricane Energy
  • 12 Feb 20
Lamprell

New digital partnership with Akselos

Companies: Lamprell
  • 18 Jul 18
Quarterly Research Outlook

In Q2, UK equities regained some of their poise after the draw down in Q1, although uncertainty around Brexit continued to grab the headlines. On the back of this, investor concern about the UK economy has been understandable in recent months given a number of negative data points. However, we see reasons for optimism for UK Plc with wage growth supporting an improving outlook for the consumer and business investment holding up. That said, continuing UK political disruption clearly remains a risk going forward.

Companies: AMER EMR HMI JOG PDG ABBY AMS AVON BLVN PIER CGS CALL CSRT TIDE DTG DEMG ELM EMR FPM FPO GTLY GENL INCE GEEC HDY HMI HAYD HEAD HILS HTG HUR IBPO IOG INDI JHD JOG LAM MACF MKLW NAH OXIG PCA APP CAKE PDG RBW REDD RSW RNO RKH ROR SUS SCPA SHG KCT TRAK TRI VTC ZTF