Cenkos: Oil & Gas Sector -- Trinity Exploration & Production, Empyrean Energy, Longboat Energy, Ithaca Energy, Kistos, Savannah Energy, United Oil & Gas, Reabold Resources, Rockhopper Exploration, Baron Oil, Arrow Exploration, Nostrum Oil & Gas, Southern E

Oil climbed alongside risk assets, with attention focusing on this weekend's OPEC+ meeting in Vienna. OPEC and its allies are expected to weigh disappointing Chinese economic indicators and the effects of the deal to raise the US debt ceiling as they consider output levels at this weekend's gathering. Many market watchers project OPEC+ will keep output levels unchanged, though the group's cuts unveiled in April surprised traders, and Saudi Arabia's energy minister recently warned speculators

Cenkos: Oil & Gas Sector -- Coro Energy, Hurricane Energy, Kistos Holdings, Pharos Energy, Prospex Energy, Petro Matad, Aker BP, Tullow Oil, Touchstone Exploration, Southern Energy, Baron Oil, Chevron Corporation, Corcel

Oil rose a second consecutive week as investors monitored progress made Friday on debt-ceiling talks to avoid a US default. Republican and White House negotiators were moving closer to an agreement to raise the debt limit, according to people familiar with the matter. Still, the agreed-upon details are tentative, and a final accord is not in hand. Prices:  WTI for July delivery rose 84 cents to settle at $72.67 a barrel in New York.  At that level, the contract is up about 1.6% for th

Cenkos: Oil & Gas Sector -- Trinity Exploration & Production, Diversified Energy, Tethys Oil, Pantheon Resources, Egdon Resources, Energean, IOG, Union Jack Oil, Arrow Exploration, Afentra, Canadian Overseas, Zephyr Energy, Tower Resources, EnQuest, Barryr

Oil posted the first weekly gain since early April after tracking broader market sentiment that embraced risk assets on rising optimism the US will reach a debt-ceiling deal. Crude largely abandoned the fundamental trade this week, with traders dissecting news from Washington on attempts to avert a catastrophic default. House Speaker Kevin McCarthy sent mixed messages by saying an agreement in principle may be reached as soon as this weekend, but adding on Friday that bipartisan talks in Was

Cenkos: Oil & Gas Sector -- Tethys Oil, Diversified Energy, Wentworth Resources, Hartshead Resources, Neptune Energy, Harbour Energy, PetroTal, Genel Energy, Kosmos Energy, Saudi Arabian Oil Company, Touchstone Exploration, Valeura Energy, VAALCO Energy, B

Oil slumped near $70 to mark a fourth-straight week of losses as concerns about demand growth persist. It briefly appeared like West Texas Intermediate would manage to snap its losing streak, supported by signs that Iraqi oil exports likely will not resume on Saturday and the US signalling it could purchase crude to refill the strategic reserve after next month. But a strong dollar Friday, which makes oil more expensive for holders of other currencies, wiped out those gains. Over the week,

Cenkos: Oil & Gas Sector -- Longboat Energy, Chariot, Empyrean Energy, Argos Resources, Sound Energy, Ithaca Energy, Gran Tierra Energy, IOG, Arrow Exploration, Hurricane Energy, Panoro Energy, bp, Shell, Equinor Energy, ConocoPhillips, OKEA ASA.

Oil fell for the third straight week as concerns about softening demand were exacerbated by low trading volumes. West Texas Intermediate settled above $71 a barrel on Friday after trading in a $13 range this week amid renewed instability among regional US lenders and fears the economy is headed into a recession. The string of weekly declines is the longest this year. Signs of strength in the physical oil market suggest the selloff — which included a brief, dramatic plunge to the lowest int

Cenkos: Oil & Gas Sector -- 88 Energy, Trinity Exploration & Production, Kistos Energy, Deltic Energy, Block Energy, John Wood Group, Southern Energy, Ithaca Energy, Echo Energy, Hurricane Energy, Valeura Energy, Hunting, Canadian Overseas Petroleum, Woods

Oil set its first weekly loss in a month after erasing most of the gains stemming from OPEC+'s surprise output cut. Brent crude has wiped out almost all of the $7 that it gained after the Organisation of Petroleum Exporting Countries and its allies blindsided markets with a pledge to cut production. Global supplies are showing signs of growth with Russia's crude exports bouncing back above 3 million barrels a day last week, while in global fuel markets, gasoline and diesel are slowing at a ti

Cenkos: 88 Energy Ltd -- New Acreage Award

88 Energy has been formally awarded 25,430 contiguous acres immediately south of Prudhoe Bay (Project Leonis). The lease area is fully covered by modern 3D seismic and contains the historical exploration well, Hemi Springs Unit #3. Review of the well has indicated over 200ft of bypassed pay within the Upper Schrader Bluff (USB) reservoir, with good porosity and oil shows evident over this interval. Interpretation of the 3D seismic reveals a strong seismic-well tie and clear seismic amplitude at

Cenkos: Oil & Gas Sector -- 88 Energy, Diversified Energy, Trinity Exploration & Production, Tethys Oil, Serica Energy, Savannah Energy, Jadestone Energy, Beacon Energy, Zephyr Energy, Petrofac, Gran Tierra Energy, Var Energi, Arrow Exploration

Oil rose for the fourth straight week, supported by signs of a tightening global market that have the International Energy Agency warning of higher prices ahead. West Texas Intermediate settled above $82 a barrel, posting its longest run of weekly advances since June. Crude is hovering near five-month highs after OPEC+ surprised the market with plans to cut more than 1 million barrels of daily output. Declining US stockpiles, weaker flows from Russia and interruptions to pipeline supplies fro

Cenkos: 88 Energy Ltd -- Hickory-1 to Proceed to Flow Testing

The wireline logging programme at the Hickory-1 well has confirmed the initial preliminary petrophysical interpretation of the presence of multiple hydrocarbon bearing zones across all pre-drill targets, as well as the newly identified Upper Slope Fan System (SFS) reservoir. The wireline data obtained from the Hickory-1 well compares favourably with that from the wells drilled by Pantheon on the adjacent northern acreage, which have proven the deliverability of light, sweet oil to surface. Hicko

Cenkos: Oil & Gas Sector -- 88 Energy, Tethys Oil, Jersey Oil & Gas, Hartshead Resources, EnQuest, Serica, Gran Tierra Energy, i3 Energy, Canadian Overseas Petroleum, John Wood Group, Serinus Energy, United Oil & Gas, Barryroe Offshore Energy

Oil posted a third straight weekly gain after a surprise supply cut by OPEC+ and a drop in US inventories tightened the market outlook. Prices rallied the most this year on Monday, surging 6.3%, following the decision of the Organisation of Petroleum Exporting Countries and its allies to slash more than 1 million barrels of daily output starting in May. Saudi Arabia has since hiked prices of all its oil sales to customers in Asia. Crude has risen 26% from its intraday low reached mid-March

Cenkos: 88 Energy Ltd - Additional Reservoir Identified

The Hickory-1 has reached total depth (TD), intersecting all of the primary Shelf Margin Delta (SMD) and the secondary Slope Fan System (SFS) and Basin Floor Fan (BFF) reservoir targets with gross reservoir thicknesses equal or greater than pre-drill interpretations. A new Upper SFS reservoir has also been identified, which has not previously been intersected by any wells on Project Phoenix and recorded multiple shows and elevated log responses. The multiple indicated pay zones will now be furth

Cenkos: Oil & Gas Sector -- Trinity Exploration & Production, Getech Group, 88 Energy, Plexus Holdings, Ithaca Energy, PetroTal Corp, Vaalco Energy, IGas Energy, Wood Group, Coro Energy, Impact Oil & Gas, Jersey Oil & Gas, Southern Energy, DNO ASA, Gulf Ke

Oil fell for the fifth consecutive month, culminating in its second quarterly drop since early 2020. Prices have slid against a backdrop of gloomy US economic sentiment and a banking crisis that rattled broader markets. While oil bulls have hung their hopes on a rebound China's demand as it ends Covid Zero policies, the recovery has been slower than some expected. Major banks and industry observers have issued bullish price projections for the remainder of the year, and crude posted its be

SP Angel Morning Energiser: 29/03/23

US natural gas price falls to $2/mmBtu

Cenkos: 88 Energy Ltd -- Encouraging Signs at Hickory-1

Initial interpretation of logging while drilling data, together with fluorescence in cutting samples and elevated mud gas readings within the Shelf Margin Delta (SMD) primary reservoirs have indicated the potential for hydrocarbon bearing zones within the Hickory-1 well. It is expected that it will take a further 3-5 days to drill through the secondary Slope Fan System (SFS) and Basin Floor Fan (BFF) reservoir targets before reaching TD. Wireline logging will then commence and is expected to tak

Cenkos: Oil & Gas Sector -- Diversified Energy, Wentworth Resources, Falcon Oil & Gas, 88 Energy, Westmount Energy, Longboat Energy, Energean, Gulf Keystone Petroleum, Genel Energy, Pharos Energy, Touchstone Exploration, Savannah Energy, Capricorn Energy,

Oil rose this week as US government promises to protect bank depositors and a lack of surprises from the Federal Reserve calmed investors. Crude settled above $69 a barrel on Friday, recovering about a quarter of the nearly $10 it lost the previous week. The commodity remains volatile, and as long as banking concerns remain at the forefront of markets, crude fundamentals may have a limited effect on its price movements, analysts said. “Crude found support this week after several weeks of unaba

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

Touchstone Exploration+ (TXP, House Stock at 58p) - US$7m revolving loan facility

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

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

Loony for Bougouni

Maiden drilling at Pitfield outlines giant hydrothermal system

The maiden RC drill programme at Empire’s Pitfield project in Western Australia has confirmed the presence of a potentially giant-scale hydrothermal mineral system. Assays returned anomalous copper values but more intriguingly, the results appear to have outlined an extensive new titanium discovery.