We have launched our new website with a revamped research portal – Home | Auctus Advisors. We’d be very interested to receive any feedback you may have. AUCTUS PUBLICATIONS ________________________________________ Criterium Energy (CEQ CN)C; Target price C$0.35 per share: Encouraging drilling results. Decreasing opex – Production to date in October is 950 bbl/d, the same level as reported on 24 September. The MGH-43 well has encountered 41 m of prospective gross sand intervals with good to exc...
Union Jack has announced that it expects the recent award of planning permission for the next phase of development at its Wressle field to be rescinded. This will necessitate submission of additional project data around scope 3 emissions, prior to seeking reinstatement of the required planning permission for the new development work.
Union Jack has announced that it has received planning permission for the next phase of its Wressle development project in the UK. This is the key consent for this work programme, and should allow the company to add important new production volumes from this existing producing asset going forward.
Union Jack has released an update on its Oklahoma business, reporting that its Andrews 1-17 and 2-17 wells are now onstream, and a new farm in deal meaning there will now be three new wells drilled in Q4 2024. This all helps build out the USA business, in complement to the company’s UK activities.
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 (+...
20th 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 Dish of the day Admissions: Delistings: What’s baking in the oven? ** Potential**** Initial Public Offerings: 7th May: Time To ACT plc, an engineering business focused on technology for the energy transition sector, has announced its intention to seek Admission to trading on the Aquis Stock Exchange...
Union Jack has released its 2023 results, showing the operating cash flow generated by Wressle and the ability to redeploy this to fund the company’s wider work programme. We expect the work programme to ramp up over the next 12+ months, with more drilling in the USA following the recent Andrews 1-17 success, further planned development at Wressle, further activity at West Newton, and the potential for drilling at Biscathorpe.
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...
Union Jack has announced that its West Bowlegs exploration well in Oklahoma is now expected to spud in late March. We expect a result in around ten days after spud, with the potential for swift first production on drilling success.
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