Our daily digest of news from UK Small Caps @HybridanLLP 6th 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 day of publication Dish of the day Admissions: None Delistings: None Wh...
Nativo reports today that it has secured an option agreement to evaluate the potential to reprocess the Toma la Mano tailings deposit to recover precious metals. The Agreement between Nativo’s local partner, Boku Resources SAC (50% Nativo) and Corporacion Minera Toma la Mano S.A. (private company, “owner”) defines a three-year period for Boku to undertake a technical evaluation of the Tomo la Mano tailings deposit in the Huaraz region of central Peru.
With its local partner Boku Resources, Nativo is aggressively developing its portfolio of resource projects in Peru. Within three months of commencing exploration development at its Bonanza gold mine, Nativo sold its first batch of high-grade ore to a commercial processor to secure first revenues. As exploration development at Bonanza transitions to production, growing cash flow will be directed towards sustaining and expanding operations across the wider Tesoro project, that will eventually inc...
Echo has refocussed its future plans and has moved into precious mining and metal production in Peru. While Echo retains a minority (5%) interest in Interoil Exploration and Production ASA, an oil and gas producer with onshore operations in Argentina, its future lies with its 50:50 joint-venture, Boku Resources, which has secured and/or identified a portfolio of projects in established mining regions of Peru. Echo is repositioning itself as a small-scale gold miner and explorer in areas that off...
AUCTUS PUBLICATIONS ________________________________________ Panoro Energy (PEN NO)C; Target price of NOK52 per share: About to commence drilling in EG – The drilling rig has arrived in EG. The drilling campaign is about to commence. It will include two development wells plus an exploration well at the high impact Akeng Deep prospect. Serica Energy (SQZ LN)C: target price of £2.90 per share: RBL redetermination – Reflecting the increased reserves, the borrowing base has been increased from US$...
Moody's Investors Service (Moody's) downgraded the ratings of Echo Global Logistics, Inc. ("Echo"), including its corporate family rating (CFR) to B3 from B2 and probability of default rating (PDR) to B3-PD from B2-PD. In addition, Moody's downgraded the company's first lien senior secured credit fa...
26th May 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or 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 contract relating to such action. This document has no regard for the specific investment objectiv...
AUCTUS PUBLICATIONS ________________________________________ GeoPark (GPRK US)C; target price of US$25 per share: Protecting shareholder returns as lower capex offsets delayed production – 1Q23 production of 36,578 boe/d had already been reported. The Indico 6 and Indico 7 wells in the CPO-5 block in Colombia are now expected to return to production in July (rather than May) when the definitive surface facilities are completed. The facilities are 60-65% complete and there is improved confidence ...
9th May 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or 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 contract relating to such action. This document has no regard for the specific investment objective...
AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C: Target price of A$0.100 per share: Competent person report confirms the materiality of the Welchau pospect – The Welchau prospect has been estimated to hold between 365 bcfe and 1,128 bcfe of prospective resources by Gaffney, Cline & Associates (GCA) with a mid-case at 645 bcfe including 10.1 mmbbl of condensate. While this is below the 807 bcfe mid-case estimated by ADX, the fact that the lower end of the GCA ran...
02 February 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or 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 contract relating to such action. This document has no regard for the specific investment objec...
New offtake contract at higher prices and with upfront payments. Echo has announced a new gas offtake contract, which will come into effect from May 2023 for 12 months. This will apply to the majority of gas production from the company’s Santa Cruz Sur assets, replacing the existing contract (which will run until April 2023). The new contract is on improved terms for Echo, with the gas price moving up from US$4.3/mcf to US$4.5/mcf, but more importantly an upfront payment of US$0.7m for Echo, whi...
Rating Action: Moody's assigns B2 CFR to Echo Global Logistics; outlook stable. Global Credit Research- 26 Oct 2021. New York, October 26, 2021-- Moody's Investors Service assigned first-time ratings to Echo Global Logistics, Inc., including a B2 Corporate Family Rating and a B2-PD Probability of Default Rating.
A director at Echo Energy Plc maiden bought 600,000 shares at 4.21p and the significance rating of the trade was 53/100. 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 the last two years c...
Summary Echo Energy Plc (Echo Energy), formerly Independent Resources plc, a subsidiary of Rockhopper Exploration PLC, is an oil and gas company that offers drilling services. The company develops natural gas and oil projects. Its development activities include underground gas storage facility, source of unconventional gas onshore in Italy, and source of conventional and unconventional oil in Tunisia. Echo Energy constructs an underground storage facility by storing natural gas in a deep, natur...
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