Hybridan Small Cap Feast: 15/05/2023

Joiners: No joiners today Leavers: Ince Group has left AIM. What’s cooking in the IPO kitchen?** The kitchen is empty. Our daily digest of news from UK listed Small and Mid caps Banquet Buffet*** Arrow Exploration 19.75p £46.6m (AXL.L) The high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, provides an update on the drilling of Carrizales Norte 1 (CN-1), an exploration well on the Tapir Block in the Llanos Basin of Colombia. The CN-1 well was spud on May 1, 2

SP Angel Morning Energiser: 15/05/22

Downward pressure on energy prices persists

Orcadian Energy (ORCA) – Corporate – Results for the Half Year Ended 31 December 2022

Orcadian Energy announced its half year results for the year ended 31 December 2022. Notable operational developments in and following the period include i) an 18.4% uplift to management's estimates of the recoverable resources for the Pilot oilfield based on 3D seismic attribute analysis (tied to wells regionally in the relevant Tay formation) ii) the entering of an MOU with Schlumberger for the exclusive provision of drilling and completion services for Pilot iii) the identification of two

Hybridan Small Cap Feast - 01 Feb 23

01 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

Orcadian Energy (ORCA) – Corporate – 33rd Offshore Licensing Round

Orcadian Energy announced that is has applied for three licences in the 33rd Offshore Licensing Round, two in partnership with other companies and one on its own. The company stated that it expects to hear if its applications were successful during 2Q or 3Q. The company indicated that one of its applications builds on the company's viscous oil expertise, while the other two are focused on gas opportunities, including a potential gas-to-wire project on an appraised discovery, with integrated c

Auctus on Friday - 13/01/2023

AUCTUS PUBLICATIONS ________________________________________ Calima Energy (CE1 AU)C: Target price of A$0.60 per share: New wells deliver flow rates above expectations – The three new Sunburst wells (Gemini #10, #11 and #12) drilled in 4Q22 are now on production and on average are achieving IP30 rates 35% higher than forecast. The three wells are currently producing 420 boe/d gross (370 boe/d net). This compares with IP30 production of 120 boe/d gross for a type well. The Pisces #6 and #7 wells

Orcadian Energy (ORCA) – Proposed disposal of non-core assets

Orcadian Energy announced the company has entered a heads of agreement (“HOA”) to sell its interest in two non-core discoveries, Crinan and Dandy, to Rapid Oil Production Ltd. Orcadian Energy stated that according to the HOA it would be paid a cash consideration of $100,000 on signature and a further $400,000 on the Crinan's field development plan approval (by the regulator). Orcadian Energy would also retain royalty interests of 2.5%-4% in its interest in the fields (with the rate d

SP Angel Morning Energiser: 10/01/23

LNG cargoes head East

Orcadian Energy (ORCA) - Financial Results for Year Ended 30 June 2022

Orcadian Energy provided a comprehensive review of its operational progress and its forward looking outlook in its annual report. The company reported a loss for the year of £1.5M and its cash position at the year-end is not relevant given that the company successfully raised £1.0M at 35p/share after the period end. We believe that Orcadian Energy has tremendous latent potential given it has a 100% interest in, what we believe to be, the UK's best undeveloped oil asset in terms of scale, low-ris

WH Ireland: Orcadian Energy (ORCA) - Memorandum of Understanding with SLB

Orcadian Energy, the developer of the Pilot heavy oilfield in the UK North Sea (79 million barrels of proven and probable reserves as ascribed by Sproule), announced that it has entered a memorandum of understanding with SLB (formerly Schlumbeger) to deliver core services for the wells on the company's Pilot project. The company also announced that both it and SLB now plan to develop a comprehensive Project Agreement for provision of services.

SP Angel Morning Energiser: 15/11/22

Crude falls on demand concerns

WH Ireland: Orcadian Energy (ORCA) - Extension of Pilot Licence

Orcadian Energy, the developer of the Pilot heavy oilfield in the UK North Sea (79 million barrels of proven and probable reserves as ascribed by Sproule), announced that the North Sea Transition Authority has extended the Second Phase of its licence by one year such that it is now ending in November 2023.

Hybridan Small Cap Feast 29/09/2022

Dish of the day Joiners: Rockwood Strategic plc has transferred from AIM to the Main Market. Leavers: No leavers today. What’s cooking in the IPO kitchen?** TECC Capital plc, to be renamed EDX Medical Group, intends to join the AQSE Growth Market. EDX operates a molecular biology and diagnostics laboratory in Cambridge, UK, from which it performs research & development, provides Polymerase Chain Reaction (PCR) testing and genomic sequencing services, undertakes quality assurance and has establis

SP Angel Morning Energiser: 3/08/22

Gas supplies remain curbed

WH Ireland: Orcadian Energy (ORCA) - Farmout of Exploration Prospect and Big Picture ORCA Assessment

Orcadian Energy, the low-emissions developer of the Pilot heavy oilfield in the UK North Sea (79 million barrels of proven and probable reserves as ascribed by Sproule), announced that pursuant to a prior announcement (11 October 2021) the company has executed a formal agreement to farmout the Carra prospect to Carrick Resources.

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

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

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

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.