AUCTUS ON FRIDAY - 28/11/2025

Arrow Exploration (AXL LN/CN)C; Target price of £0.40 per share: Another positive result at Mateguafa Attic – The M-6 vertical well has encountered 30 ft of net oil pay in the Carbonera C9 formation (previously named Guadalupe). This compares favourably with the results of the M-5 well that encountered ~ 26 feet of net oil pay in the same formation. This result provides a strong foundation for the first horizontal well at Mateguafa (M-HZ7), already spudded and expected to come onstream in Decemb...

Arrow Exploration Corp. (AIM: AXL): Rebuilding cash momentum; Icaco pr...

• Arrow reported 3Q25 production of 4,214 boe/d, broadly in line with our ~4.4 mboe/d expectation. • The company held US$6.5 mm in cash at end‑September (with no debt), rising to US$8.2 mm by 1 November. • With only one rig currently in operation, recent drilling success at M‑5 and M‑6, and the imminent contribution from the M‑HZ7 horizontal well, we expect Arrow’s cash position to continue to strengthen. • The next four months will be very material. M‑HZ7 is the first horizontal well targeting...

Arrow Exploration (AXL LN) - M-6 well results - BUY

Arrow has announced the successful result of its M-6 well, drilled on the recent Mateguafa Attic discovery. M-6 has now been brought onstream, contributing to company production, and the next well, M-7 has also now spudded.

Arrow Exploration Corp. (AIM: AXL): Another positive result at Mategua...

• The M-6 vertical well has encountered 30 ft of net oil pay in the Carbonera C9 formation (previously named Guadalupe). This compares favourably with the results of the M-5 well that encountered ~ 26 feet of net oil pay in the same formation. This result provides a strong foundation for the first horizontal well at Mateguafa (M-HZ7), already spudded and expected to come onstream in December. Additional horizontal wells could follow, with the Mateguafa Attic potentially proving more material tha...

INFORME DIARIO 26 NOVIEMBRE (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: ACCIONA, ACCIONA ENERGÍA, FERROVIAL, NEINOR HOMES, TELEFÓNICA. EUROPA: ENI, UNICREDIT. Confianza en que la Fed terminará bajando tipos Avances en las bolsas europeas, que siguen celebrando las mayores expectativas de bajadas de tipos para la próxima reunión de la Fed, especialmente después de la debilidad de los datos estadounidenses de hoy. En el STOXX 600, los mejores sectores fueron Construcción y Retail mientras que cíclicos como Tecnología y En...

Moody's Ratings upgrades Eni to A3, following the upgrade of Italy

Moody's Ratings (Moody's) upgraded to A3 from Baa1 Eni S.p.A.'s (Eni or the company) long-term issuer rating, its senior unsecured debt ratings to A3 from Baa1, its senior unsecured EMTN program rating to (P)A3 from (P)Baa1, its subordinated EMTN program rating to (P)Baa2 from (P)Baa3, its Baseline ...

Hybridan Small Cap Feast: 25 November 2025

25th November 2025 @HybridanLLP Our daily digest of news from UK Small Caps * 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: None Delistings: ...

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 14/11/2025

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 11/14/2025

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 11/14/2025

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 14/11/2025

AUCTUS ON FRIDAY - 14/11/2025

AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; Target price of A$0.20 per share: A$3.5 mm funding boost ahead of busy activity programme – ADX has raised A$3.5 mm through a new equity placement at A$0.026 per share. Investors in the placement will also receive one option for every two new shares subscribed, exercisable at A$0.039 per share. The capital raise strengthens ADX’s balance sheet ahead of its 2026 work programme and effectively removes the funding ov...

ODDO : IEA report – surplus to be larger than expected

ODDO : Rapport AIE – Le surplus sera plus important que prévu

ENI S.p.A.: 1 director

A director at ENI S.p.A. sold after exercising options/sold 42,881 shares at 16.479EUR and the significance rating of the trade was 82/100. 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 t...

PetroTal Corp (AIM: PTAL): Preserving capital in the context of drilli...

• 3Q25 production and net cash figures as of end-September have already been disclosed. • Bretana field output averaged 14,983 bbl/d during the first 10 days of November. Only one of the five wells previously shut due to tubing leaks has been worked over and returned to production so far. • Drilling activity is now postponed to mid-2026, following further delays with PetroTal’s own rig (previously expected to restart in 1Q26). This materially impacts the production trajectory and operating cash ...

PetroTal (PTAL LN) - Q3 results and dividend suspension - Corporate

PetroTal has released its Q3 2025 results. These report a further period of production and cash flows, in line with the previous Q3 operational update. Given the expected timing of new wells in 2026, CAPEX requirements, and the desire to retain a strong balance sheet, the company is today suspending its dividend. We adjust our forecasts, particularly 2026 to account for lower drilling activity and hence production, and expect further news on the planned 2026 work programme in January. We believe...

Arrow Exploration (AXL LN) - Successful Mateguafa-5 well result - BUY

Arrow has announced that it has successfully drilled and brought online the M-5 exploration well in the Mateguafa Attic prospect, supporting production and expanding its resource base as the company drills up its Tapir block in Colombia.

Arrow Exploration Corp. (AIM: AXL): Discovery at Mateguafa Attic

• The M-5 vertical well at Mateguafa Attic encountered approximately 26 feet of net oil pay in high-quality Guadalupe sandstone (22% porosity), along with an additional 11 feet in the Carbonera C7 formation. The discovery will contribute new reserves, as none had previously been attributed to Mateguafa Attic. • The well was brought online in the Guadalupe interval, delivering a gross oil rate of 570 bbl/d with an 8% water cut on a tight 17/128 choke. Net to Arrow, this equates to ~285 bbl/d — a ...

AUCTUS ON FRIDAY - 07/11/2025

AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; Target price of A$0.30 per share: Busy 1H26 – 3Q25 WI sales averaged 251 boe/d, in line with expectations. The company held ~A$4 mm in cash at the end of September, also in line with forecasts. A busy operational period is anticipated in 1H26. Flow testing at Welchau is scheduled to recommence in January, starting with fluid sampling and pressure measurements in the already perforated Reifling formation—the shallo...