reports
- Daniel Slater
Audio Note: Challenger Energy - Action in the South Atlantic
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.
- Daniel Slater
Challenger Energy (CEG LN) - Action in the South Atlantic - Corporate
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...
- Hybridan Team
- Jon Levinson
Hybridan Small Cap Feast: 27/03/2025
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...
- Daniel Slater
- Stephane Foucaud
AUCTUS ON FRIDAY - 21/02/2025
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 ...
SEY STERLING ENERGY PLC
MUR MURPHY OIL CORPORATION
ENI ENI S.P.A.
REP REPSOL SA
BOR BORDERS & SOUTHERN PETROLEUM PLC
PANR PANTHEON RESOURCES
BPV BAHAMAS PETROLEUM CO. PLC
SQZ SERICA ENERGY
PHAR PHAROS ENERGY
DGOC DIVERSIFIED GAS & OIL
ZPHR ZEPHYR ENERGY
CRCL CORCEL
TAL PETROTAL (TAL)
WDS WOODSIDE PETROLEUM LTD
PNOR PETRONOR E&P LTD
ITH ITHACA ENERGY PLC
Z29 029 GROUP SE
CDR CONDOR ENERGIES INC
PLSR PULSAR HELIUM INC.
- Daniel Slater
Challenger Energy (CEG LN) - Sale of Trinidad business - Corporate
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.
Hybridan Small Cap Feast - 3 December 2024
* 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...
- Daniel Slater
Audio Note: Challenger Energy - Significant Uruguay farm out closure
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.
- Daniel Slater
- Daniel Slater
- Daniel Slater
Audio Note: Challenger Energy - H1 2024 results
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.
- Daniel Slater
Challenger Energy (CEG LN) - H1 2024 results
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.
- Daniel Slater
Challenger Energy (CEG LN) - OFF-1 farm out ANCAP approval
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.
- Daniel Slater
Challenger Energy (CEG LN) - Full year 2023 results
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.
Hybridan Small Cap Feast - 28 May 24
28th May 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced, or it is a rumour Dish of the day Admissions: Delistings: Accrol Group Holdings (ACRL.L) has left AIM. China Nonferrous Gold Limited (CNG.L) has left AIM. What’s baking in the oven? ** Potential**** Initial Public Offerings: ITF announced: 7th May: Time To ACT plc, an engineering business focused o...
- Stephane Foucaud
AUCTUS ON FRIDAY - 24/05/2024
AUCTUS PUBLICATIONS ________________________________________ Chariot (CHAR LN)C; target price of £0.50 per share: Drilling at the second well onshore Morocco has commenced – Chariot has started to drill the Dartois prospect onshore Morocco. The well is targeting a different reservoir system and trapping style than the Gaufrette prospect. The main target at Dartois is estimated to hold 12 bcf of gross prospective resources. Success would de-risk a total of 20 bcf of gross prospective resources (+...
GALP GALP ENERGIA SGPS SA CLASS B
GPRK GEOPARK
CVX CHEVRON CORPORATION
SEY STERLING ENERGY PLC
CHAR CHARIOT OIL & GAS
PEN PANORO ENERGY ASA
SNM SHAMARAN PETROLEUM CORP.
INDI INDUS GAS
UJO UNION JACK OIL
UOG UNITED OIL & GAS
ENOG ENERGEAN PLC
BLOE BLOCK ENERGY
TETY TETHYS OIL AB
TRIN TRINITY CAPITAL INC
ORCA ORCADIAN ENERGY PLC
CEQ CRITERIUM ENERGY LTD.
SEAPT NO SEACREST PETROLEO BERMUDA - SEAPT NO
PLSR CN PULSAR HELIUM INC.
- Stephane Foucaud
AUCTUS ON FRIDAY - 19/04/2024
AUCTUS PUBLICATIONS ________________________________________ Tethys Oil (TETY SS)C; target price of SEK100 per share: Increasing further the size of the prize/Considering Algeria – The South Lahan area on Block 58 is estimated to hold 55-523 mmbl prospective resources (P90-P10 case) with a mean case of 251.8 mmbbl prospective resources across six prospects in the Ara Carbonate. Combined with the previously disclosed prospective resources of the Fahd area in the north-eastern part of Block 58, Te...
EOG EUROPA OIL & GAS (HOLDINGS) PLC
A2PAZ7 TETHYS PETROLEUM
CNE. CANACOL ENERGY LTD
ENW ENWELL ENERGY
IOX INTEROIL EXPLORATION & PRODUCTION ASA
BPV BAHAMAS PETROLEUM CO. PLC
VLE VALEURA ENERGY INC.
UJO UNION JACK OIL
UOG UNITED OIL & GAS
ZPHR ZEPHYR ENERGY
OKEA OKEA
SCIR SCIROCCO ENERGY
CRCL CORCEL
SDX SDX ENERGY
I3E I3 ENERGY
RHC ROYAL HELIUM LTD
TRIN TRINITY CAPITAL INC
WDS WOODSIDE PETROLEUM LTD
J4V VAR ENERGI ASA
Hybridan Small Cap Feast - 18 April 24
18th April 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced Dish of the day Admissions: Delistings: What’s baking in the oven? ** Potential**** Initial Public Offerings: Reverse Takeovers: Electric Guitar (ELEG.L) Concurrent with its Admission to trading on AIM, Electric Guitar is proposing to acquire the entire issued share capital of 3radical Limited for...
- Daniel Slater
Challenger Energy (CEG LN) - £1.5m strategic investment in Challenger
Challenger has announced a £1.5m investment in the company from investor Charlestown Energy. This now allows Challenger to be fully funded for the foreseeable future as it works towards closure of its significant Uruguay farm out to Chevron, and the US$12.5m cash payment to be received once this is achieved.
- Daniel Slater
Audio Note: Challenger Energy – Uruguay farm out to Chevron
In this audio note, Zeus’ Daniel Slater summarises the recent news flow for Challenger Energy. Challenger has announced a farm out of its OFF-1 exploration asset offshore Uruguay to Chevron. Listen to the audio note below, and read the full research here.
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