AUCTUS PUBLICATIONS ________________________________________ Pulsar Helium (PLSR LN/CN)C; Target price of £0.85 per share: Starting helium well test at Topaz – Well-testing activities at Jetstream #1 and Jetstream #2 at the Topaz project have started. Well-testing activities are expected to occur in two sequential phases, the initial phase will focus on flow testing at the Jetstream #1 and Jetstream #2 appraisal wells, followed by a second phase of extended pressure build-up monitoring. The init...
Pulsar Helium Announces the Commencement of Well-Testing at the Topaz Helium Project in Minnesota THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR TO BE TRANSMITTED, DISTRIBUTED TO, OR SENT BY, ANY NATIONAL OR RESIDENT OR CITIZEN OF ANY SUCH COUNTRIES OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION MAY CONTRAVENE LOCAL SECURITIES LAWS OR REGULATIONS. CASCAIS, Portugal, April...
AUCTUS PUBLICATIONS ________________________________________ Condor Energies (CDR CN)C; Target price of C$5.60 per share: Production rises again. Maiden reserves report. First LNG sales in Kazakhstan on track for 1H26 – YE24 2P reserves in Uzbekistan were estimated at 18.5 mmboe. 4Q24 production was 10,511 boe/d increasing to 12,019 boe/d in March to date and 12,288 boe/d over the past five days. In March, Condor signed a non-binding letter of intent outlining the basic terms and conditions for ...
• Pulsar has signed a term sheet for a US$4 mm project finance facility set to mature in March 2026. The facility will bear interest at 12% per annum on any drawn amounts, with a 2% utilization fee on draws, which will be reimbursable at maturity. • We understand that Pulsar will be able to draw on this facility imminently. • This highlights the quality of the Topaz asset. Accessing project finance at this stage underscores its value, as such funding is typically only available closer to FID. •...
GeoPark (GPRK US)C; Target price of US$17 per share: Four new exploration wells at Confluencia Sur – The FY24 production had been reported previously. Gross production in Argentina is approximately 15,000 boe/d and is expected to increase to around 16,000-17,000 boe/d by the end of 2025. The acquisition of the Argentinian assets is anticipated to be completed in late 1Q25 or early 2Q25 pending the regulatory approval of the Neuquen province. While the test results at the three wells drilled at C...
• The FY24 production had been reported previously. • Gross production in Argentina is approximately 15,000 boe/d and is expected to increase to around 16,000-17,000 boe/d by the end of 2025. • The acquisition of the Argentinian assets is anticipated to be completed in late 1Q25 or early 2Q25 pending the regulatory approval of the Neuquen province. • While the test results at the three wells drilled at Confluencia Norte in 2024 exceeded expectations, no reserves were booked for this area in 2024...
BOGOTA, Colombia--(BUSINESS WIRE)-- GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent energy company with over 20 years of successful operations across Latin America, reports its consolidated financial results for the three-month period ended December 31, 2024 (“Fourth Quarter” or “4Q2024”) and for the year ended December 31, 2024 (“Full Year” or “FY2024”). A conference call to discuss these financial results will be held on March 6, 2025, at 10:00 am (Eastern Standard Time). FOURTH QUARTER AND FULL-YEAR 2024 FINANCIAL SUMMARY GeoPark’s 4Q2024 and FY2024 result...
AUCTUS PUBLICATIONS ________________________________________ Condor Energies (CDR CN)C; Target price of C$5.60 per share: 2nd success at bypassed carbonate formation intervals boosts production to >12 mboe/d - Condor has successfully perforated and brought online bypassed carbonate formations at a second well. As a result, production has increased from 11,455 boe/d reported last week to an average of 12,004 boe/d over the last six days. Using a combination of legacy data and reprocessed 3-D seis...
• YE24 2P reserves excluding Argentina were estimated at 87.6 mmboe. After deducting 12.4 mmboe of production in 2024, the 2P reserves have reduced by 15.1 mmboe. • As anticipated, the primary driver of the reserves reduction is associated with Colombia, with YE24 2P reserves at 84.8 mmboe, down from 106.4 mmboe at YE23. • The YE24 2P reserve position in Colombia is ~12 mmboe ahead of what we carry in our model. We value Llanos-34, Llanos-32, and CPO-5 assuming a production blowdown, with natura...
BOGOTA, Colombia--(BUSINESS WIRE)-- GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent energy company with over 20 years of successful operations across Latin America, today announced its independent oil and gas reserves assessment1, certified by D&M under PRMS methodology, as of December 31, 2024. The Company’s 2024 year-end reserves, related net present values, and other information included in this press release incorporate pro forma figures reflecting the acquisition of four unconventional hydrocarbon blocks in Vaca Muerta, Argentina. This acquisition became...
AUCTUS PUBLICATIONS ________________________________________ Condor Energies (CDR CN)C; Target price of C$5.60 per share: Very high flow rate at bypassed zone boosts production and unlocks reserves - A potential bypassed 60 m gas pay section, identified using advanced cased-hole logging tools and reprocessed existing 3-D seismic data, was put in production over a 23 m perforated interval at a rate of 1,100 boe/d, increasing to 1,300 boe/d over the past five days as the completion fluid has been ...
Our daily digest of news from UK Small Caps @HybridanLLP 20th February 2025 * A corporate client of Hybridan LLP ** Potential means Intention to Float (ITF) has been announced, or it is a rumour ***Arranged by type of listing and date of announcement ****Alphabetically arranged Share prices and market capitalisations taken from the current price on the day of publication Dish of the day Admissions: Delistings: What’s ...
Pulsar Helium Announces Upcoming Down-Hole Testing of the Jetstream Appraisal Wells, Topaz Project, Minnesota, USA THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR TO BE TRANSMITTED, DISTRIBUTED TO, OR SENT BY, ANY NATIONAL OR RESIDENT OR CITIZEN OF ANY SUCH COUNTRIES OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION MAY CONTRAVENE LOCAL SECURITIES LAWS OR REGU...
AUCTUS PUBLICATIONS ________________________________________ Arrow Exploration (AXL LN/CN)C; Target price of £0.80 per share: Appraisal drilling results at Alberta Llanos unlock full field development with horizontal wells - Following the discovery well, Arrow has drilled two new vertical wells at Alberta Llanos, effectively delineating the field. The AB-2 well at the far northern limit of the field encountered multiple hydrocarbon-bearing intervals with good reservoir characteristics but came i...
BOGOTÁ, Colombia--(BUSINESS WIRE)-- GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent energy company with over 20 years of successful operations across Latin America, announced today that it has completed a notes offering of an aggregate principal amount of $550.0 million senior notes due 2030 (“Notes due 2030”). GeoPark has used a portion of the net proceeds from the notes offering to repurchase $405.3 million of the Company’s outstanding senior notes due 2027 (“Notes due 2027”) tendered by holders in a concurrent tender offer and intends to repay with the remai...
• The Jetstream #2 well encountered elevated helium values over a gross vertical thickness of 3,178 feet (969 m), with samples from mud log gas containing up to 3.5% helium. • The gross thickness with elevated helium is consistent with what was encountered at the Jetstream #1 well, which had a gross vertical thickness of 1,021 m. • The actual helium concentration is expected to be higher than the measurements from the mud log gas. This is because the gas samples are diluted by atmospheric air du...
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