Pantheon Resources (PANR LN) - Dubhe-1 well stimulation activities pro...

Pantheon has announced mobilisation for its Dubhe-1 well completion programme, with fracking and extended flow testing now upcoming.

ADX Energy (ASX: ADX): Deep dive into Italy

• ADX has released further details on its C.R 150.AU permit; located in shallow waters offshore western Sicily, ~50 km from a potential onshore tie-in to the TransMed pipeline, which transports Algerian gas to Europe. • While initial efforts centred on the Nilde oil field, ADX has shifted its strategic focus toward gas, reflecting the evidence of high quality gas from historic oil exploration in the permit, Europe’s growing demand for domestic supply and the recent offshore development of near...

AUCTUS ON FRIDAY - 05/09/2025

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 Resources (PANR LN) - US$30m equity raise to further strength...

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.

Hybridan Small Cap Feast: 10/09/2025

Our daily digest of news from UK Small Caps 10th 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: None Delistings: No...

Condor Energies Inc. (TSX: CDR): Up to twelve 13-20 mmcf/d horizontal ...

• 3Q25 Uzbekistan production to date has averaged 10,284 boe/d; which is consistent with 10,258 boe/d reported in 2Q25. • Drilling of the first vertical well in Uzbekistan is underway, with results expected in October. The well is targeting the producing carbonate reservoir, as well as deeper clastic formations and fractured basement intervals. A successful outcome in the deeper zones could unlock material reserves additions. • Data from this first well will also be used to optimize subsequent ...

Serica Energy Plc (AIM: SQZ): Temporary blip at Triton

• Production at the Triton FPSO is currently running at a reduced rate due to a vibration issue within the compression trains, requiring bearing replacement. Normal output is expected to resume by end-September. Triton achieved net production of over 25,000 boe/d in August using only one compressor. The restart of the second unit could push volumes above this level. • In parallel, subsea intervention work on a pipeline at the Bittern field, originally scheduled for 2026, has been scheduled for N...

Hybridan Small Cap Feast: 09/09/2025

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...

Arrow Exploration Corp. (AIM: AXL): Potential reserves addition in the...

• Current production exceeds 4,800 boe/d, marking an increase of approximately 600 boe/d since the last reported figure on 28 August. • This uplift reflects the contribution of two new wells brought online. CN HZ13 is producing ~1,000 bbl/d gross (~500 bbl/d net) from the Ubaque reservoir, with a water cut of 32%. AB-3, a vertical well, has been recompleted in the C7 formation and is currently producing 840 bbl/d gross (420 bbl/d net) with a water cut of 73%. The well is still in clean-up phase....

ADX Energy (ASX: ADX): 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 delineated 24 drillable prospects across five distinct plays, with P50 prospective resources of ~247 bcf and 31 mmbbl (~72 mmboe). The proportion of gas in the explor...

Pantheon Resources (PANR LN) - Dubhe-1 lateral successfully drilled, r...

Pantheon has released an update on its Dubhe-1 appraisal well onshore Alaska, reporting successful drilling of the well’s lateral section, and providing a management resource upgrade based on positive results to date.

AUCTUS ON FRIDAY - 29/08/2025

Arrow Exploration (AXL LN/CN)C; Target price of £0.50 per share: High impact exploration drilling in 2H25 – 2Q25 production averaged 3,768 boe/d, impacted by water handling constraints and steeper-than-anticipated early declines at newly drilled wells. Current WI production stands at ~4,200 boe/d, down from the July peak of 4,600–4,800 boe/d, which reflected initial flush output from AB-HZ5 and AB-HZ4. While first-month decline rates are steep, Arrow has observed that post-month-one declines are...

Arrow Exploration Corp. (AIM: AXL): High impact exploration drilling i...

• 2Q25 production averaged 3,768 boe/d, impacted by water handling constraints and steeper-than-anticipated early declines at newly drilled wells. • Current WI production stands at ~4,200 boe/d, down from the July peak of 4,600–4,800 boe/d, which reflected initial flush output from AB-HZ5 and AB-HZ4. While first-month decline rates are steep, Arrow has observed that post-month-one declines are minimal. For example, recent horizontal wells have delivered initial rates exceeding 1,000 bbl/d, decli...

Arrow Exploration (AXL LN) - H1 2025 results - BUY

Arrow has released its H1 2025 results, reporting a further period of production cash flows helping support the company’s busy ongoing drilling and investment programme on its Tapir block in Colombia.

Important discovery - share price will be up

AUCTUS ON FRIDAY - 15/08/2025

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 ...

Serica Energy Plc (AIM: SQZ): High production at Triton. More to come

• Net production at Triton has averaged 20 mboe/d over the past two weeks. This reflects the progressive restart of all the fields, with further upside expected as additional wells are brought online. These include (1) productive wells from Bittern and Gannet E, and (2) newly drilled wells at Guillemot North West and Evelyn, which have yet to commence production. • As a reminder, Serica has a 100% interest in the Evelyn field, and has already stated that the well showed ‘encouraging results’ whe...

ADX Energy (ASX: ADX): Formal permit award in Italy adds gas explorati...

• 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 recognized as a qualified operator in Italy. • ADX has high-graded 5 gas prospects within the permit area, with best-case prospective resources estimated at 369 bcf. As addit...

Pantheon Resources (PANR LN) - Dubhe-1 positive initial well result - ...

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 ON FRIDAY - 15/08/2025

AUCTUS PUBLICATIONS ________________________________________ Condor Energies (CDR CN)C; Target price of C$5.90 per share: 4Q25 drilling in Uzbekistan could add 26-40 mmcf/d. First LNG in Kazakhstan in 2Q26 – 2Q25 gross production averaged 10,258 boe/d, consistent with prior indications. Drilling of the first vertical well in Uzbekistan will begin in early September. The well will target the producing carbonate reservoir, as well as deeper clastic formations and fractured basement intervals. A su...