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ALV ALV CE1 COP COP EDR IOG RDSA TETY TETY TXP
Auctus on Friday - 24/09/2021

AUCTUS PUBLICATIONS ________________________________________ Calima Energy (CE1 AU)C; Target of A$0.75 per share: Good production performance – Production in August was 3,493 boe/d, up 200 boe/d compared to July as all the new wells at Brooks now contribute to production, more than offsetting natural decline. Financials for August are broadly in line with our expectations. The three new Thorsby wells drilled in August and September could be on stream for November with an individual IP rate of ~2

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  • 24 Sep 21
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Calima Energy Ltd
Calima Energy Ltd (ASX: CE1): Good production performance

• Production in August was 3,493 boe/d, up 200 boe/d compared to July as all the new wells at Brooks now contribute to production, more than offsetting natural decline. • Financials for August are broadly in line with our expectations. • The three new Thorsby wells drilled in August and September could be on stream for November with an individual IP rate of ~270 460 boe/d. This suggests that Calima is well on track to meet its production guidance of 4.5 mboe/d by YE21. • With high commodity pric

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  • 21 Sep 21
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TRIN AOI ALV ALV HUR LEK LUPE TAL PHAR PGR TLW
Auctus on Friday - 17/09/2021

AUCTUS PUBLICATIONS ________________________________________ PetroTal (PTAL LN/TAL CN)C; Target of £0.65 per share: Latest well flows >7.6 mbbl/d. Sales pipeline back on line – The latest horizontal well (BN-8H) has achieved a ten day initial oil production rate of ~7.6 mbbl/d. This is materially above our expectations of ~5 mbbl/d. As a result, current oil production is ~ 15.4 mbbl/d, also above our expectations of >13 mbbl/d. This is a very good result and, with another development well due to

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  • 17 Sep 21
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Pharos Energy PLC
Pharos Energy Plc (LSE: PHAR): Farm out transaction unlocks Egypt

• Pharos is farming out 55% WI in El Fayum and North Beni Suef to IPR Energy. In return IPR will fund US$38.425 mm of Pharos’ retained share of the costs of future activities, equating to funding a ~US$85 mm gross programme (opex + capex). In addition, IPR will pay US$5 mm in cash on closing and a contingent consideration of US$0.175 mm for each US$1 over US$62/bbl (with a cap of US$92/bbl) each year from 2022 to 2025. This represents a potential additional consideration of U$20 mm (US$5 mm x 4

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  • 16 Sep 21
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PetroTal Corp.
PetroTal Corp (AIM: PTAL): Latest well flows >7.6 mbbl/d. Sales pipeline back on line

• The latest horizontal well (BN-8H) has achieved a ten day initial oil production rate of ~7.6 mbbl/d. This is materially above our expectations of ~5 mbbl/d. • As a result, current oil production is ~ 15.4 mbbl/d, also above our expectations of >13 mbbl/d. This is a very good result and with another development well due to be spudded shortly, the company is well on track to meet its production target of ~16 mbbl/d in 4Q21. • The results of the BN-8H well could also have positive implications f

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  • 15 Sep 21
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XOM XOM CNE CNE CE1 DNO DNO GENL HUR I3E JSE TETY TETY
Auctus on Friday - 10/09/2021

AUCTUS PUBLICATIONS ________________________________________ Calima Energy (CE1 AU)C; Target of A$0.75 per share: Brooks drilling update – The average of the four well program, over their respective 30-day initial production rates, was 176 boe/d (75% oil) per well. There was a significant variation in production results between the 4 wells. The variability was consistent with the results since Blackspur started drilling the Sunburst in 2014 and the average production of the four wells was close

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  • 10 Sep 21
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