AUCTUS PUBLICATIONS ________________________________________ Condor Energies (CDR CN)C; Target price of C$5.60 per share: Uzbekistan production boost: two new wells onstream in February – The first horizontal well is now onstream. Only the shallower interval has been tested to date, delivering 3.6 mmcf/d. The full ~1 km lateral — including the zones with the strongest gas‑show responses — has not yet been accessed. A larger‑diameter coiled‑tubing unit than is currently available is required to d...
Pantheon has released its full year results to the end of June 2025. The company’s focus remains on forward planning for its Alaska assets, both in terms of considering restart of flow testing at Dubhe-1 in the spring, and progression across the wider portfolio, including potential Kodiak appraisal.
Pantheon has released an update reporting that, in order to save costs during the winter operating period, it is suspending flow testing activities at its Dubhe-1 well. These may be resumed in the spring, and in the meantime Pantheon expects to carry out additional analysis of existing data, and to progress planning across its wider portfolio.
AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; Target price of A$0.20 per share: Resource estimates boost in Sicily – ADX has increased its aggregated prospective gas resource estimates for its Sicily Channel permit from 103–369–772 bcf to 188–484–1,265 bcf (P90–P50–P10 cases). The new mean prospective resource of 619 bcf reflects the increased upside potential for the permit. Individual prospect sizes range between 37–111 bcf (P50 case), with four prospects e...
AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; Target price of A$0.30 per share: Firming-up the exploration portfolio in Austria – ADX has matured its Austrian exploration portfolio following: (1) recent drilling results, (2) licence area modifications, and (3) updated technical evaluations. Excluding the Welchau-1 well drilled in 2024—where resource classification remains pending due to suspended flow testing (following an environmental objection)—ADX has del...
Pantheon has announced an equity raise of US$30m at a share price of 25p, strengthening the company’s balance sheet as it goes through the extended flow testing programme for its Dubhe-1 well and progresses wider development planning for its onshore Alaska assets.
AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; Target price of A$0.30 per share: Formal permit award in Italy adds gas exploration upside – ADX has been formally awarded the C.R150.AU offshore exploration permit in Sicily. The permit has an initial term of 6 years, with the option for 2 additional 3-year renewal periods. In the event of a commercial discovery, an exploitation concession may be granted for 20 years, extendable by a further 10 years. ADX is now ...
Pantheon has announced the positive initial result of its Dubhe-1 appraisal well. This found a thicker than expected reservoir section in the primary Ahpun West (SMD-B topset) formation, alongside oil pay in additional exploration targets. The horizontal flow test in the SMD-B topset is now upcoming.
AUCTUS PUBLICATIONS ________________________________________ New Zealand Energy (NZ CN)C: Equity raise – New Zealand will raise up to C$3 mm of new equity at a price of C$0.18 per share. This includes the settlement of outstanding loans of C$0.3 mm through the issue of ~1.7 mm shares. Valeura Energy (VLE CN)C; Target price of C$12.70 per share: Another strong quarter. FY25 guidance re-iterated – 2Q25 production was 21.4 mbbl/d, which is very close to our forecast (~22 mbbl/d). The company repor...
Pantheon has announced a US$16.25m equity raise at 21.15p/share, providing the company with important funds and increased flexibility as it goes into drilling of its Dubhe-1 demonstration well in Alaska in H2 2025 and wider development planning.
AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; Target price of A$0.30 per share: Adding four low risk drill-ready shallow gas prospects to start drilling by YE25 – ADX has now matured 13 shallow gas prospects across the ADX-AT-I and ADX-AT-II licence areas in Austria. The play is proven, supported by historical discoveries within the basin. Nearby historical discoveries in the area have produced 220 bcf to date. The prospects benefit from AVO anomalies, enhanc...
Pantheon has announced the result of flow testing of the Lower Sag 3 reservoir level in its Megrez-1 well onshore Alaska – the third flow test from the well. The test was unsuccessful, and the well has now been suspended, with focus switching to the company’s development planning for Ahpun West and the upcoming Dubhe-1 demonstration well.
Pantheon has announced the result of flow testing of the Lower Prince Creek reservoir level in its Megrez-1 well, onshore Alaska. The company ran an unstimulated test, with flowback largely consisting of water, similar to the recent flow test result of the underlying Topset 1 formation in the same well. Pantheon will now move to flow test the Lower Sag 3 horizon – the well’s most attractive from a porosity and permeability point of view, with a result in the coming weeks. Importantly, there is n...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.