reports
- Stephane Foucaud
AUCTUS ON FRIDAY - 16/05/2025
AUCTUS PUBLICATIONS ________________________________________ Chariot (CHAR LN)C: Recovering 75% WI of licences in Morocco – Energean has returned its Moroccan offshore interests to Chariot. As a result, Chariot now holds 75% in the Lixus Offshore and Rissana Offshore licences. Condor Energies (CDR CN)C; Target price of C$5.90 per share: Acquiring a LNG facility for Kazakhstan to deliver first LNG sale in 2Q26 – 1Q25 production in Uzbekistan was 11,179 boe/d (+6% vs. production in 4Q24). Condor ...
EGY VAALCO ENERGY INC.
TXP TOUCHSTONE EXPLORATION
SEI. SINTANA ENERGY
CHAR CHARIOT OIL & GAS
VLE VALEURA ENERGY INC.
EME EMPYREAN ENERGY
DNO DNO ASA CLASS A
PHAR PHAROS ENERGY
FEC FRONTERA ENERGY CORP
DGOC DIVERSIFIED GAS & OIL
AOI AFRICA OIL CORP
ZPHR ZEPHYR ENERGY
SENX SERINUS ENERGY
ORC/B ORCA EXPLORATION GROUP CL B
CRCL CORCEL
TAL PETROTAL (TAL)
SOUC SOUTHERN ENERGY CORP
CEQ CRITERIUM ENERGY LTD.
CDR CONDOR ENERGIES INC
- Stephane Foucaud
Valeura Energy (TSX: VLE): FID at Wassana adds 8.6 mmbbl 2P reserves
• The 1Q25 production and cash position at the end of March were in line with previous indications. However the adjusted working capital was ~US$15 mm higher than cash given an oil inventory increase of 0.89 mmbbl. • Valeura has taken FID at Wassana (G10/48 licence), resulting in the conversion of 8.6 mmbbl 2C contingent resources into 2P reserves. Wassana’s 2P reserves now stand at 20.5 mmbbl, with the field expected to produce 10 mbbl/d in 2H27, representing almost 45% of FY24 production. • T...
- Daniel Slater
- Stephane Foucaud
Zephyr Energy Plc (AIM: ZPHR): Private equity funding unlocks growth i...
• Zephyr has secured a US$100 mm drilling funding agreement with a US private equity firm to enable growth in its non-operated asset portfolio in the Williston Basin. The structure appears to be similar to a “DrillCo”, in which the investor will fund up to 100% of Zephyr’s drillex on a case by case basis. The agreement covers drilling on future well acquisitions but also could apply to new wells proposed on the Zephyr’s existing acreage. • The funding should enable Zephyr to scale production in ...
- Stephane Foucaud
AUCTUS ON FRIDAY - 09/05/2025
AUCTUS PUBLICATIONS ________________________________________ Panoro Energy (PEN NO)C; Target price of NOK49 per share: ~12 mbbl/d in 1Q25. Re-iterating FY25 guidance – 1Q25 production was ~12 mbbl/d, including 6,841 bbl/d in Gabon, 3,661 bbl/d in Equatorial Guinea and 1,492 bbl/d in Tunisia. Production in Gabon and Equatorial Guinea was previously reported by BW Energy and Kosmos Energy. Equatorial Guinea output was temporarily impacted by unplanned downtime at the Ceiba Cluster, but operations ...
EQNR EQUINOR ASA
GPRK GEOPARK
MSMN MOSMAN OIL AND GAS
CNE CAIRN ENERGY PLC
TXP TOUCHSTONE EXPLORATION
GENL GENEL ENERGY
MUR MURPHY OIL CORPORATION
PXT PAREX RESOURCES INC.
PEN PANORO ENERGY ASA
SNM SHAMARAN PETROLEUM CORP.
SQZ SERICA ENERGY
ZPHR ZEPHYR ENERGY
KOS KOSMOS ENERGY LTD.
BWE BW ENERGY
HBR HARBOUR ENERGY PLC
IGAS IGAS ENERGY PLC
TNZ TENAZ ENERGY CORP
Parex Resources Announces Voting Results of Shareholders’ Meeting
Parex Resources Announces Voting Results of Shareholders’ Meeting CALGARY, Alberta, May 08, 2025 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to announce that on May 8, 2025, it held its annual general meeting of shareholders (the “Meeting”) and all matters presented for approval have been fully authorized and approved. At the Meeting, shareholders approved the election of nine nominees as directors of Parex to serve until the next annual meeting of shareholders or until their successors are elected or appointed. The results of the ballot were...
Parex Resources Announces First Quarter Results, Declaration of Q2 202...
Parex Resources Announces First Quarter Results, Declaration of Q2 2025 Dividend, and Operational Update CALGARY, Alberta, May 08, 2025 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to announce its financial and operating results for the three-month period ended March 31, 2025, the declaration of its Q2 2025 regular dividend of C$0.385 per share, as well as an operational update. All amounts herein are in United States Dollars (“USD”) unless otherwise stated. “We entered the year with a disciplined and diversified plan aimed at delivering stead...
- Stephane Foucaud
Zephyr Energy Plc (AIM: ZPHR): Well test success unblocks the Paradox
• The State 36-2 well achieved peak rates of 2,848 boe/d, including 856 bbl/d of oil, on a small 18/64 choke. During a separate, 48-hour phase of testing on an 8/64 choke, production ranged between 700-1,066 boe/d, with 200-400 bbl/d of oil. Importantly, there was no material drop in bottomhole pressure in either test, confirming that sustained production at these levels is feasible long-term. Zephyr highlighted that well deliverability is more than sufficient for commercial operations. • In add...
- Daniel Slater
Arrow Exploration (AXL LN) - Full year 2024 results - BUY
Arrow has released its full year 2024 results, demonstrating the cash generation achievable from its onshore Colombia production, and the ability to generate overall free cash flow while still implementing an extensive drilling programme to support and grow production. We expect more of the same over the rest of 2025, with a total 23 well drilling programme currently underway.
- Stephane Foucaud
Arrow Exploration Corp. (AIM: AXL): Second drilling rig to be mobilize...
• 4Q24 net production was 4,738 boe/d. The YE24 cash position had been reported previously and there are no surprises in the remainder of the YE24 balance sheet. • The existing rig is being mobilized to Alberta Llanos to drill two new horizontal development wells in 2Q25. • In May, a second rig will be mobilized to undertake development drilling at Rio Cravo Este and Carrizales Norte. • The company has maintained its US$51 million capital expenditure plan for 2025, which includes drilling 23 wel...
- Stephane Foucaud
AUCTUS ON FRIDAY - 25/04/2025
Panoro Energy (PEN NO)C; Target price of NOK49 per share: Reserves addition much larger than expected – YE24 2P reserves were independently estimated at 42.3 mmbbl (+7.6 mmbbl vs YE23, representing a Reserve Replacement Ration of 309%). This figure far exceeds our previous expectation of 34.5 mmbbl for YE24 2P reserves - an estimate that included a 4 mmbbl addition in 1H24 to counterbalance 2024 production. The higher than expected reserves addition is driven by robust reservoir performance in G...
Director / PDMR Shareholdings
Gulf Keystone Petroleum Ltd (GKP) Director / PDMR Shareholdings 24-Apr-2025 / 07:00 GMT/BST 24 April 2025 Gulf Keystone Petroleum Ltd. (LSE: GKP) (“Gulf Keystone”, “GKP”, “the Group” or “the Company”) Director / PDMR Shareholdings Gulf Keystone announces that the following persons discharging managerial responsibilities (“PDMR”) exercised their vested nil-cost share options granted to them in 2022 under the 2014 Long Term Incentive Plan ("LTIP"). Upon exercise, a proportion of their vested awards was sold to pay the tax liability arising upon exercise, whil...
Parex Resources Inc: 1 director
A director at Parex Resources Inc bought 23,250 shares at 10.830CAD and the significance rating of the trade was 53/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years c...
- Stephane Foucaud
AUCTUS ON FRIDAY - 11/04/2025
AUCTUS PUBLICATIONS Arrow Exploration (AXL LN/ CN)C; Target price of £0.70 per share: Stable production, 10% cash increase – Net production is currently exceeding 4.5 mboe/d, consistent with January levels. The CN HZ10 well, located in the northern area of the CN field, commenced production on 31 March, delivering 1,183 bbl/d of oil (591 bbl/d net to Arrow) with a 21% water cut from the Ubaque reservoir. The well is in the process of cleaning up, with the water cut gradually decreasing. The CN ...
OMV OMV AG
REP REPSOL SA
ENW ENWELL ENERGY
SEI. SINTANA ENERGY
VLE VALEURA ENERGY INC.
BP. BP P.L.C.
ZPHR ZEPHYR ENERGY
TAO TAG OIL LTD
AXL. ARROW EXPLORATION LTD
TAL PETROTAL (TAL)
KIST KISTOS PLC
SOUC SOUTHERN ENERGY CORP
PNOR PETRONOR E&P LTD
J4V VAR ENERGI ASA
HEVI HELIUM EVOLUTION
SHELL INC. (HEVI)
CORO ROYAL DUTCH SHELL
CORO ENERGY PLC
- Daniel Slater
- Stephane Foucaud
Arrow Exploration Corp. (AIM: AXL): Stable production, 10% cash increa...
• Net production is currently exceeding 4.5 mboe/d, consistent with January levels. • The CN HZ10 well, located in the northern area of the CN field, commenced production on 31 March, delivering 1,183 bbl/d of oil (591 bbl/d net to Arrow) with a 21% water cut from the Ubaque reservoir. The well is in the process of cleaning up, with the water cut gradually decreasing. • The CN HZ09 well, situated in the southern area of the field, is producing 244 bbl/d of oil (122 bbl/d net) from the Ubaque res...
Interim Dividend Exchange Rate
Gulf Keystone Petroleum Ltd (GKP) Interim Dividend Exchange Rate 10-Apr-2025 / 07:00 GMT/BST 10 April 2025 Gulf Keystone Petroleum Ltd. (LSE: GKP) (“Gulf Keystone”, “GKP” or “the Company”) Interim Dividend Exchange Rate Gulf Keystone announced on 20 March 2025 the declaration of a $25 million interim dividend, equivalent to 11.52 US cents per Common Share of the Company. The dividend will be paid on 23 April 2025 to those shareholders that were on the register of members of the Company as at 4 April 2025. The Company announces that shareholders receiving...
- Stephane Foucaud
Valeura Energy (TSX: VLE): Lower oil prices could generate acquisition...
• 1Q25 production averaged 23.9 mboe/d, which is in line with previous indications. This included a planned seven-day annual maintenance shutdown at the Nong Yao field near the end of the quarter. Production resumed on 1 April. • Valeura has re-iterated its FY25 production guidance of 23-25.5 mbbl/d. • FID for the Wassana redevelopment is still anticipated in 2Q25, with first oil expected in early-2027, though the company has indicated that it will "review and optimise its expenditures" given th...
Long Term Incentive Plan (“LTIP”) Award
Gulf Keystone Petroleum Ltd (GKP) Long Term Incentive Plan (“LTIP”) Award 04-Apr-2025 / 07:00 GMT/BST 4 April 2025 Gulf Keystone Petroleum Ltd. (LSE: GKP) (“Gulf Keystone”, “GKP” or “the Company”) Long Term Incentive Plan (“LTIP”) Award Director/PDMR Shareholdings LTIP Gulf Keystone announces that, pursuant to the Gulf Keystone Petroleum 2024 Long Term Incentive Plan (“LTIP”), on 1 April 2025 (the “Award Date”) awards over common shares (“2025 Awards”) were granted to employees and the persons discharging managerial responsibilities ("PDMRs") listed below....
Director / PDMR Shareholdings
Gulf Keystone Petroleum Ltd (GKP) Director / PDMR Shareholdings 04-Apr-2025 / 07:00 GMT/BST 4 April 2025 Gulf Keystone Petroleum Ltd. (LSE: GKP) (“Gulf Keystone”, “GKP”, “the Group” or “the Company”) Director / PDMR Shareholdings Gulf Keystone announces the following transactions by persons discharging managerial responsibilities ("PDMR"). Long Term Incentive Plan (“LTIP”) Mr Jon Harris, Chief Executive Officer, and Mr Gabriel Papineau-Legris, Chief Financial Officer, exercised their vested nil-cost share options granted to them in 2022 under the 2...
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