ADX Energy (ASX: ADX): 3.5x resources estimates increase at Welchau in...

• As expected, prospective resource estimates at Welchau have been upgraded, now incorporating the deeper Duplex Array 2 gas‑condensate interval. • The sands in this interval are estimated to contain 165–262 bcf of prospective gas (P50–Pmean), together with 5.8–9.2 mmbbl of associated condensate. • Combined prospective resources across Duplex Arrays 1 and 2 are now assessed at (P50–Pmean) 230–387 bcf, plus 8.1–13.6 mmbbl of condensate, representing more than a three‑fold increase versus previous...

Sintana Energy (SEI LN) - OFF-1 3D seismic commenced - Corporate

Sintana has announced commencement of the 3D seismic survey over its OFF-1 licence offshore Uruguay, marking commencement of the Chevron-led operational work programme on the asset, targeting future exploration drilling.

Arrow Exploration (AXL LN) - M-9HZ and M-10 well results - BUY

Arrow has announced the successful results of its M-9HZ and M-10 wells, which are both now on production and contributing to overall company volumes.

Arrow Exploration Corp. (AIM: AXL): Two positive well results. Low dec...

• The M‑10 vertical well encountered approximately 20 ft of net oil pay with 20% porosity in the C7 formation, and around 25 ft of net oil pay in the C9. The C7 has been brought onstream on a very small 25/128 choke, producing 1,100 bbl/d gross (550 bbl/d net) of 31° API oil with a 6% water cut. This is a notably strong rate compared with other vertical wells at Mateguafa. • The M‑9 horizontal well has been placed on production on a 31/128 choke at 850 bbl/d gross (425 bbl/d net) with a 16% wate...

Energy Morning - 2 March 2026

Lucror Analytics - Morning Views Latam

In today's Morning Views publication we comment on developments of the following high yield issuers: Millicom, Rede D'Or, Vista Energy Argentina, Geopark, Falabella, Grupo Posadas, YPF Luz, Nexa, CEMEX, Axia Energia (formerly Eletrobras), Iochpe-Maxion, Auna

AUCTUS ON FRIDAY - 27.02.2026

AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; Target price of C$0.21 per share: Well test results at Welchau support interpretation of an updip light oil accumulation – Following a small acidisation treatment (6 m³ across 45 m of perforations) in the Reifling interval at the Welchau‑1 well, gas and light oil were recovered at surface during swabbing operations. Although stable inflow was not achieved—indicating that the limited acid volume did not access the ...

Energy Morning - 27 February 2026

Lucror Analytics - Morning Views Latam

In today's Morning Views publication we comment on developments of the following high yield issuers: Orbia, Peru LNG, YPF Luz, Geopark, Vista Energy Argentina, Rede D'Or, Iochpe-Maxion, Total Play, Azul, Nemak

Hybridan Small Cap Feast: 26 February 2026

26th February 2026 @HybridanLLP Status of this Note and Disclaimer This document has been provided as a general market commentary and is issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as investment advice; a recommendation; an offer to sell; nor solicitation of any offer to buy any security or other financial instrument. Nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contrac...

Panoro Energy ASA (OSE: PEN): Transformational acquisition in EG

• Panoro is acquiring 40.375% WI in Block G, Equatorial Guinea from Kosmos Energy for US$180 mm, effective 1 January 2025. Closing is expected in August, with an estimated ~US$140-150 mm payable at completion and up to US$39.5 mm in deferred contingent consideration tied to oil prices and production over 2026–2028. • The acquisition is highly material, increasing Panoro’s WI in Block G by ~3.9× and adding 46 mmbbl of 2P reserves (+110% versus the company’s current 2P base) and 29 mmbbl of 2C res...

PetroTal Corp (AIM: PTAL): 76% 2P Reserves Replacement Ratio despite B...

• YE25 reserves stand at 66.4 mmbbl (1P), 110.2 mmbbl (2P) and 185.5 mmbbl (3P). After adjusting for 7.1 mmbbl of 2025 production, PetroTal added 6.4 mmbbl of 1P and 3.6 mmbbl of 2P reserves during the year, while 3P reserves fell by 20.7 mmbbl. • The reduction in 3P volumes reflects volumes now considered unlikely to be produced within the remaining 15‑year licence life under current oil price assumptions. • After 6.9 mmbbl of 2025 production, YE25 1P and 2P reserves at Bretana are essentially...

Energy Morning - 25 February 2026

PetroTal (PTAL LN) - Reserves update - Corporate

PetroTal has released its annual reserves update, showing good replacement at Bretana based on expected additional wells, underlining the long-term attractiveness of this significant asset.

4x increase in Block G stake through M&A

Vaalco Energy (NYSE: EGY): Kossipo shines - resources and WI increased...

• New seismic over Kossipo in Côte d’Ivoire has further de‑risked the structure, increasing gross 2C resources from ~90 mmboe to ~102 mmboe. • With Canadian Natural Resources choosing not to participate in the development as it refocuses on Canada, VAALCO’s working interest rises from 27.39% to 60%, with PetroCI holding the balance as a paying partner. • This shift is highly material: VAALCO gains ~37 mmboe of additional WI 2C resources, becomes operator, and will control the development timelin...