reports
- Stephane Foucaud
AUCTUS ON FRIDAY - 11/07/2025
AUCTUS PUBLICATIONS ________________________________________ New Zealand Energy (NZ CN)C: Equity raise – New Zealand will raise up to C$3 mm of new equity at a price of C$0.18 per share. This includes the settlement of outstanding loans of C$0.3 mm through the issue of ~1.7 mm shares. Valeura Energy (VLE CN)C; Target price of C$12.70 per share: Another strong quarter. FY25 guidance re-iterated – 2Q25 production was 21.4 mbbl/d, which is very close to our forecast (~22 mbbl/d). The company repor...
- Daniel Slater
Petro Matad (MATD LN) - £2.8m equity raise for production-focused work...
Petro Matad has announced a £2.8m equity raise at a price of 0.8p/share. The cash will go to support a new operational work programme focused on well flow testing and new production volumes, to be executed in the coming months.
- Daniel Slater
Petro Matad (MATD LN) - Full year 2024 results - Corporate
Petro Matad has released its 2024 results to the end of December 2024, showing initial booking of revenues from its Heron-1 well, alongside confirming the end 2024 cash position. Going forward we expect more detail on the 2025 work programme across oil and gas and renewables, alongside ongoing cash revenues from Heron-1 production.
- Hybridan Team
- Jon Levinson
Hybridan Small Cap Feast: 18/06/2025
Our daily digest of news from UK Small Caps 18th June 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 Dish of the day Admissions: Ajax Resources (AQSE:AJAX) has moved from the Main Market to AQSE. Ajax is pursuing a strategy as a natural resources investment Company, ...
- Daniel Slater
Petro Matad (MATD LN) - First Heron offtake payment received - Corpora...
Petro Matad has announced that it has now received the first payment for offtake of its Heron oil production from Petro China. This is an important moment that helps prove up the viability of these offtake arrangements, helping underpin future potential production increases from Heron and other Block XX discoveries.
- Daniel Slater
Petro Matad (MATD LN) - Operational update - Corporate
Petro Matad has released an operational update, mapping out the route to beginning to receive cash payments for its Heron production from PetroChina, progress on considerations for the 2025 work programme, and early-stage exploration analysis on the new Block VII licence.
- Hybridan Team
Hybridan Small Cap Feast: 28/04/2025
Our daily digest of news from UK Small Caps 28th April 2025 @HybridanLLP * 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 Dish of the day Admissions: Last Friday (25th April), The Smarter Web Company (AQSE:SWC), announced its first day of dealings on the on the Aquis Stock Exchange. Th...
- Daniel Slater
Petro Matad (MATD LN) - Heron offtake agreement signed - Corporate
Petro Matad has now formally signed its Heron oil offtake agreement with Block XIX operator PetroChina. Petro Matad has been trucking oil from its Heron-1 well for processing and storage at the Block XIX facilities since Heron-1 was brought onstream in October 2024. This agreement now formally provides for processing, export, and sale of Heron crude by PetroChina on Petro Matad’s behalf. Payment for the volumes exported to date is expected in May, and thereafter on a monthly basis. The agreement...
- Stephane Foucaud
AUCTUS ON FRIDAY - 14/03/2025
AUCTUS PUBLICATIONS ________________________________________ Arrow Exploration (AXL LN/CN)C; Target price of £0.80 per share: Reserves increase showcases FY24 drilling success – YE24 2P and 3P reserves are estimated at 13.6 mmboe and 22.3 mmboe, respectively. This represents an increase of 15% and 25%, respectively vs. YE23. Adding back FY24 production of 1.3 mmboe, the 2024 activity program has added approximately 2.8 mmboe of 2P reserves and 5.3 mmboe of 3P reserves at Tapir (overall increase ...
- Hybridan Team
- Jon Levinson
Hybridan Small Cap Feast: 13/03/2025
Our daily digest of news from UK Small Caps Our daily digest of news from UK Small Caps @HybridanLLP 13th 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 d...
- Daniel Slater
Petro Matad (MATD LN) - AGM update - Corporate
Petro Matad has released an operational update in advance of its AGM later today. The statement reports approaching completion of the oil offtake deal with Block XIX operator PetroChina, considerations for the 2025 operational work programme (focusing on low-cost incremental production and lower OPEX), and progress in the renewables business.
- Daniel Slater
Petro Matad (MATD LN) - Special Purpose Land permission secured for He...
Petro Matad has announced receipt of the Special Purpose Land permission for its Heron field in Mongolia. This should simplify land access – the key required permission – for future work programmes on the asset, helping underpin operational activity for the company over the coming years.
- Stephane Foucaud
AUCTUS ON FRIDAY - 17/01/2025
AUCTUS PUBLICATIONS ________________________________________ Corcel (CRCL LN)C; Target price of 1.00p per share: Initiating Coverage - Corcel is a ~£6 mm market cap AIM-listed E&P company focused on Portuguese-speaking Angola and Brazil. It offers a unique exposure to the prolific Kwanza onshore basin in Angola which reopened to international companies in 2021. Corcel is also building a portfolio of mature onshore producing assets in Brazil. The key asset in Angola is the KON-16 licence, which C...
FP TOTAL SE
EQNR EQUINOR ASA
GPRK GEOPARK
MSMN MOSMAN OIL AND GAS
OMV OMV AG
PXT PAREX RESOURCES INC.
REP REPSOL SA
SEI. SINTANA ENERGY
DNO DNO ASA CLASS A
MATD PETRO MATAD
XOM EXXON MOBIL CORPORATION
ANGS ANGUS ENERGY
OKEA OKEA
BWE BW ENERGY
CRCL CORCEL
TAL PETROTAL (TAL)
SEAPT NO SEACREST PETROLEO BERMUDA - SEAPT NO
PLSR PULSAR HELIUM INC.
- Daniel Slater
- Stephane Foucaud
AUCTUS ON FRIDAY - 15/11/2024
AUCTUS PUBLICATIONS ________________________________________ Arrow Exploration (AXL LN/CN)C; Target price of £0.70 per share: 1.9 mbbl/d at latest CN well. Water disposal infrastructure operational. High net cash – The fifth horizontal well at Carrizales Norte (CNB HZ-6) is producing 1.9 mbbl/d of oil (0.95 mbbl/d net to Arrow) with a water cut of 31%. The well reached TD ~ one month ago. After ~1 month of production, CNB HZ-1 and CNB HZ-3 were also producing >30% water with ~1 mbbl/d oil produ...
CVX CHEVRON CORPORATION
EGY VAALCO ENERGY INC.
TXP TOUCHSTONE EXPLORATION
GENL GENEL ENERGY
ENI ENI S.P.A.
PEN PANORO ENERGY ASA
VLE VALEURA ENERGY INC.
MATD PETRO MATAD
NTOG NOSTRA TERRA OIL & GAS COMPANY
DGOC DIVERSIFIED GAS & OIL
AOI AFRICA OIL CORP
JSE JADESTONE ENERGY
BWE BW ENERGY
AXL. ARROW EXPLORATION LTD
TAL PETROTAL (TAL)
KIST KISTOS PLC
J4V VAR ENERGI ASA
SHELL ROYAL DUTCH SHELL
CDR CONDOR ENERGIES INC
- Daniel Slater
Petro Matad (MATD LN) - Heron update - Corporate
Petro Matad has released an update on activities on its Heron field onshore Mongolia (Petro Matad 100%). Heron-1 is producing well, currently at a choked-back rate in the range of 200-300bbl/d, and Petro Matad is looking at the potential to increase this. Flow testing of the Heron-2 well has been less successful, however, exhibiting low rates, and the well has been suspended pending further analysis.
- Daniel Slater
- Stephane Foucaud
AUCTUS ON FRIDAY - 11/10/2024
AUCTUS PUBLICATIONS ________________________________________ GeoPark (GPRK US)C; Target price US$26 per share: Downtime and blockades continue to impact production. All eyes on Argentina – 3Q24 production was 33,215 boe/d with production in Colombia still impacted by downtime and blockades (we expected 34.6 mboe/d). Production at Llanos-34 continues to decline. Production in Brazil remains shut-in. GeoPark had highlighted these downside risks in August. This was partially offset by (1) high prod...
GPRK GEOPARK
A2PAZ7 TETHYS PETROLEUM
OMV OMV AG
PXT PAREX RESOURCES INC.
REP REPSOL SA
ALVOF ALVOPETRO ENERGY LTD
MATD PETRO MATAD
GKP GULF KEYSTONE PETROLEUM LTD.
ZPHR ZEPHYR ENERGY
TAL PETROTAL (TAL)
PNOR PETRONOR E&P LTD
PLSR CN PULSAR HELIUM INC.
J4V VAR ENERGI ASA
SHELL ROYAL DUTCH SHELL
- Daniel Slater
Petro Matad (MATD LN) - Heron updates; Gobi Bear-1 initial drilling re...
Petro Matad has announced various operational updates. These include an important regulatory permission for permanent Heron production facilities; further progress on Heron offtake agreements; preparations for Heron-2 well testing and targeted 2024 production; and an initial result from the Gobi Bear-1 exploration well, where further analysis will be required preparatory to potential flow testing.
Hybridan Small Cap Feast - 1 October 2024
1st October 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: None Delistings: None What’s baking in the oven? Potential**** Initial Public Offerings: ITF announced: 18th September 2024: GenIP aims to list on the AIM market on 2 October 2024. It is targeting to raise £1.5m and anticipating a £6.5m market cap. G...
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