Auctus on Friday - 10/03/2023

AUCTUS PUBLICATIONS ________________________________________ Chariot (CHAR LM) C; Target price of £0.55 per share: One step closer to FID – Production ramp-up quicker than expected – Chariot has completed the Front-End Engineering and Design (FEED) on the key components of the Anchois gas development project. The FEED confirms a plateau production of 105 mmcf/d from three wells including the existing Anchois-2 well, subsea infrastructure to an onshore central processing facility and an onshore g

Harbour Energy (HBR LN) - Full year 2022 results

Full year results reiterate January trading statement. Harbour has released its full year 2022 results. The January trading statement included all the key numbers for 2022, and today’s results are in line here. Harbour has reported full year production of 208mboe/d, unit OPEX of US$13.9/boe, revenues of US$5.4bn, EBITDAX of US$4.0bn, CAPEX of US$0.9bn, free cash flow of US$2.1bn and end 2022 net debt of US$0.7bn. As such from this point of view there is a limited amount of new news in today’s st

SP Angel Morning Energiser: 09/03/23

European gas storage negates outages

Harbour Energy (HBR LN) - Forecast and valuation update

We have now updated our forecasts for the recent trading statement and the changes to the UK windfall tax announced in November.

Auctus on Friday - 20/01/2023

AUCTUS PUBLICATIONS ________________________________________ Calima Energy (CE1 AU)C: Target price of A$0.60 per share: Activity programme to unlock the value of the Montney – Calima will start the re-testing of two wells in the Montney in late January. The testing of these two wells started late during the 2019 winter and had to be terminated early due to unseasonably warm weather which melted the ice road access. With the COVID-19 pandemic impacting activities in 2020 and the subsequent acquis

SP Angel Morning Energiser: 19/01/23

Crude falls on US recessionary fears

Hot Off The Wires - The Day Ahead

Today's news and views, plus announcements from: INF, MRO, SGE, AJB, HBR, PFD, WKP, 3IN, AEWU, ROO, KIE, APP, BOO, & HOTC.

Harbour Energy (HBR LN) - Full year trading update

Harbour has released a full year trading update. This reports production of 208boe/d, in line with being in the upper half of the 200-210boe/d guidance range, and with our 208bbl/d forecast. Production guidance for 2023 is now set at 185-200bbl/d, with overall portfolio declines not entirely made up for by new drilling, with an element of lower investment on the back of the changes to the UK windfall tax in November. The lower end of this range is, clearly, somewhat below 2022 levels, though 202

SP Angel Morning Energiser: 09/11/22

Crude price falls on API data

SP Angel Morning Energiser: 03/11/22

US crude draw bolsters prices

Hot Off The Wires - The Day Ahead

Today's news and views, plus announcements from: BT.A, GSK, HBR, SBRY, RR., RS1, SN., DLN, HIK, HWDN, TRN, & XPD.

Hot Off The Wires - The Day Ahead

Today's news and views, plus announcements from: AZN, CRH, HBR, HAS, INCE, FARN, APF, AMRQ, & SHED.

Capital Access' Hot Off The Wires - The Day Ahead

Today's news & views, plus announcements from HBR, TRN, TRIG, RESI, OBE & ROO.

Capital Access' Hot Off The Wires - The Day Ahead

Today's news & views, plus announcements from RR., HIK, CTEC, HBR, DOCS, GFRD, PCA, SUS, BGO, OTMP, DXRX & LINV.

LIBERUM: Sylvania Platinum* - 3p interim dividend & new policy

Pantheon Resources - Update to provide perspective on Pantheon Resources' recent developments

In light of Pantheon Resources' most recent operational developments we have provided some background to provide context to appreciate their progress. Where possible, we have sourced direct statements from industry leaders in Alaska in order to provide an unbiased view on certain aspects of Pantheon Resources' exploration and appraisal in that state (see page 2). We have also provided our own thoughts and commentary to provide context for interested parties to get their bearings. We retain our p

Updated Alkaid #2 test results

Jubilee Metals - H1 FY2023 results

Jubilee today provides its unaudited financial results for the half-year period ending December 2022. Group Revenue of £63.1m (H1 FY2022: £63m) with £58m from its chrome/PGM operations in South Africa and £5m from copper in Zambia. Headline EBITDA of £10.3m (£13.7m) with a closing cash position of £11.7m (£21.5m) after continuing its capital investment program of £24.1m (£28.4m). Production of PGM was down in the period at 18.2koz (20.3koz), but all was from its own facility at Inyoni so cap

Pantheon Resources (PANR) – Corporate – Alkaid#2 Update

Pantheon Resources announced that Alkaid #2 has produced at an IP30 rate of 505 b/d of liquids consisting of 180 b/d of oil and 325 b/d of condensate and NGLs along with 2,300 mcf/d of gas (after shrinkage). Post clean-out, flow rates were initially marginally higher than pre-clean-out rates. The company believes that despite the sand blockage, the final 1,000ft of the well was connected and already contributing to the main wellbore through fluid communication between the fractures.

Hybridan Small Cap Feast - 21 Feb 23

21 February 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objec

Reabold Resources - From little acorns…

Reabold is an E&P investment company focused on investing in pre-cash flow projects to unlock stranded value. Management is adept at identifying oil & gas assets where there is a clear near-term value creation opportunity. It is the driving force behind asset work programmes aimed at quickly de-risking projects, adding value and allowing monetisation. We initiate with a risked NAV based price target of 1.20p/sh, 6x the current share price. Key to unlocking this valuation is the first horizontal

LIBERUM: Atlantic Lithium* - DFS on-track for release in Q3 CY23

Hybridan Small Cap Feast - 06 Mar 23

6 March 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objective

IOG (IOG LN) - Full year 2022 results

Numbers partly already released in January. IOG has released its full year 2022 results. In January the company announced gross average production from first gas in March to the end of 2022 of 27.4mmcf/d, end 2022 gross cash of £32.4m (including £5.7m restricted), 2022 revenue before sales deductions of £79.6m, cash OPEX of 13.9p/therm, and cash CAPEX of £61.2m.

Continuing operational success on Tapir

SHORE CAPITAL -Touchstone Exploration+ (TXP) - House Stock at 70p

More gold on the way at Havieron

PetroTal Corp (AIM: PTAL): Production back at 20 mbbl/d. Regular payments from Petroperu

• Production was constrained in January and February, with average production of ~7,600 bbl/d and 8,000 bbl/d respectively, due to restricted barging capacity over these two months. • The barging fleet schedules have now been re-established with an increased capacity of 1.5 mmbbl (1.2 mmbbl in 2022) and PetroTal’s production has been averaging 20 mbbl/d since the last week of February. • Given the constrained production rates over January and February, the company now expects 1Q23 production t

Arrow Exploration Corp. (AIM: AXL): Another good well result

• The RCE-4 well encountered 45 feet of net oil pay, including 25 feet in the Carbonera C7 and 20 feet in the Lower Gacheta. The well will initially be completed in the C7 zone, targeting to be on stream in late March. This will increase Arrow’s production and reserves. • The 25 feet encountered in the Carbonera C7 at RCE-4 compares with 19 feet in the same sand at RCE-3, 16 feet at RCE-2 and 38 feet at RCS-1 (C7A and C7B sands). • RCE-2 is currently producing ~ 500 bbl/d (net to Arrow), RCS-