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...
9th September 2025 @HybridanLLP * A corporate client of Hybridan LLP. ** Potential means Intention to Float (ITF) or similar announcement has been made. ***Arranged by type of listing and date of announcement. ****Alphabetically arranged and priced on Share Price and Market Capitalisation during the time of writing on the day of Publication. Dish of the day Admissions: Delistings: Today, Mobile Tornado (MBT.L) left AIM What’s baking in th...
In this audio note, Zeus’ Dan Slater summarises the investment case for Challenger Energy. Challenger has released an update on its activities in Uruguay, where consents in support of the upcoming 3D seismic programme on OFF-1 are being progressed, and studies on OFF-3 are advancing towards launch of a farm out process in the coming months, all of which highlights a period of increasing news flow going forward.
Challenger has released an update on its activities in Uruguay, where consents in support of the upcoming 3D seismic programme on OFF-1 are being progressed, and studies on OFF-3 are advancing towards launch of a farm out process in the coming months, all of which highlights a period of increasing news flow going forward.
Challenger has released its full year results to the end of December 2024. These report a strong end 2024 cash number based on the payment from the Chevron OFF-1 farm out, alongside reiterating the company’s ongoing activities and upcoming catalysts, as we move into a busy period of material news flow in Uruguay in H2 2025 and beyond.
In this audio note, Zeus’ Dan Slater summarises the investment case for Challenger Energy. Challenger is an E&P with a unique exploration asset position offshore Uruguay. The company has secured a farm out with Chevron on its OFF-1 licence, providing funding for 3D seismic in 2025 and subsequent potential drilling.
Challenger is an E&P with a unique exploration asset position offshore Uruguay. The company has secured a farm out with Chevron on its OFF-1 licence, providing funding for 3D seismic in 2025 and subsequent potential drilling. There is a planned farm out process on its OFF-3 licence in H2 2025 also targeting securing drilling. The Uruguay prospects are large, attracting significant industry interest, and enjoying read across from recent big discoveries in Namibia. The market continues to underapp...
Our daily digest of news from UK Small Caps @HybridanLLP 27th March 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: None Delistings: Cmo Group plc (CM...
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 ...
Challenger has announced the full sale of the company’s Trinidad business. This will realise a measure of upfront cash, reduce future potential liabilities, and allow greater management focus elsewhere in the portfolio, including on the company’s high impact Uruguay exploration position.
* 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: None Delistings: None What’s baking in the oven? Transferring markets: 8 November: Zentra Group plc (ZNT.L)* will delist from the Equity Transition Segment of the Main Market...
In this audio note, Zeus’ Daniel Slater summarises the investment case for Challenger Energy. Challenger has announced that the farm out of its OFF-1 exploration licence in Uruguay to Chevron has now completed, introducing a significant partner and providing material upfront cash and forward carry funding for the company.
In this audio note, Zeus’ Daniel Slater summarises the investment case for Challenger Energy. Challenger has released its H1 2024 results, providing reassurance on cash availability as the company continues to target closure of its Chevron farm out in Uruguay.
Challenger has released its H1 2024 results, providing reassurance on cash availability as the company continues to target closure of its Chevron farm out in Uruguay. The farm out will fund a planned seismic programme, part fund a potential exploration well, and provide upfront cash of US$12.5m for Challenger.
Challenger has announced that it has received the key Uruguay government approval, from the board of directors of state oil company and sector regulator ANCAP, for its OFF-1 farm out to Chevron. Full closure of the deal is now targeted for 4-8 weeks’ time – a very important moment for Challenger in forward progression of its Uruguay exploration position.
Challenger has released its full year 2023 results. These further reassure that progress towards closure of the Chevron farm out on the OFF-1 license in Uruguay continues, alongside desktop work on the OFF-3 licence preparatory to a farm out process there next year.
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