AUCTUS PUBLICATIONS ________________________________________ Chariot (CHAR LN)C: Recovering 75% WI of licences in Morocco – Energean has returned its Moroccan offshore interests to Chariot. As a result, Chariot now holds 75% in the Lixus Offshore and Rissana Offshore licences. Condor Energies (CDR CN)C; Target price of C$5.90 per share: Acquiring a LNG facility for Kazakhstan to deliver first LNG sale in 2Q26 – 1Q25 production in Uzbekistan was 11,179 boe/d (+6% vs. production in 4Q24). Condor ...
AUCTUS PUBLICATIONS ________________________________________ Panoro Energy (PEN NO)C; Target price of NOK47 per share: High production in Gabon – BW Energy reported gross production in Gabon of 39.3 mbbl/d. This equates to 6.9 mbbl/d net to Panoro’s 17.5% WI. IN OTHER NEWS ________________________________________ AMERICAS Galp Energia (GALP LI): 1Q25 update – 1Q25 production in Brazil was 104 mboe/d. Pantheon Resources (PNR LN): Disappointing well test results in Alaska – The Megrez-1 well fl...
AUCTUS PUBLICATIONS ________________________________________ Condor Energies (CDR CN)C; Target price of C$5.60 per share: 2nd success at bypassed carbonate formation intervals boosts production to >12 mboe/d - Condor has successfully perforated and brought online bypassed carbonate formations at a second well. As a result, production has increased from 11,455 boe/d reported last week to an average of 12,004 boe/d over the last six days. Using a combination of legacy data and reprocessed 3-D seis...
AUCTUS PUBLICATIONS ________________________________________ Arrow Exploration (AXL LN/CN)C; Target price of £0.80 per share: Material discovery at Alberta Llanos - The AB-1 (Alberta Llanos) exploration well has encountered four main hydrocarbon bearing reservoirs with a total true vertical depth of 121 feet, including the C7, Gacheta, Guadalupe, and Ubaque formations. The main pre-drill targets were the C7 and the Ubaque formations. The Gacheta and Guadalupe formations carried a higher risk, an...
AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; Target price of A$0.70 per share: Approvals to start well testing at Welchau received. Rig and test equipment mobilized – All necessary approvals have been received to commence flow testing operations on the Welchau-1 discovery well for the period from 30 October 2024 until 31 March 2025. A workover rig has been mobilised to the Welchau-1 drill site with flow testing due to commence during the second half of Novem...
AUCTUS PUBLICATIONS ________________________________________ Panoro Energy (PEN NO)C; Target price NOK52 per share: All eyes on EG – 1H24 production was 9,168 bbl/d. EG and Gabon production had already been disclosed. 1H24 production in Tunisia was 1,670 bbl/d (we forecasted 1,760 bbl/d) given subdued activities. In EG, the first infill well encountered the primary and secondary reservoirs in line with expectations. Production is expected to begin early September. The second infill well is expec...
AUCTUS PUBLICATIONS ________________________________________ Arrow Exploration (AXL LN/CN) C; Target price of A$0.50 per share: Good well results in Colombia – The RCE-3 well flowed naturally at rates equivalent to 2,000 bbl/d gross for four hours after unloading kill fluid. Over the last 24 hours, the well has produced at a rate of 968 bbl/d with 0% water cut. This is a very good result and compares with expectations of 600-800 bbl/d. The fact there is no water being produced at that the well i...
A director at Orca Energy Group Inc maiden bought 6,500 shares at 4.962CAD and the significance rating of the trade was 52/100. 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 ...
St. Helier, Jersey--(Newsfile Corp. - December 15, 2020) - Shaymar Limited ("Shaymar") announces that if the substantial issuer bid (the "Offer") of Orca Energy Group Inc. ("Orca") described in Orca's press release issued yesterday is completed, then Shaymar will dispose of certain Class B Subordinate Voting Shares of Orca (the "Class B Shares") held by Shaymar.Orca has announced a substantial issuer bid (the "Offer") to purchase for cancellation a number of its Class B Shares and its Class A Common Shares ("Class A Shares") (which will be converted into Class B Shares immediately prior to tak...
St. Helier, Jersey--(Newsfile Corp. - March 6, 2020) - Shaymar Limited ("Shaymar") announces that it has disposed of certain Class B Subordinate Voting Shares (the "Class B Shares") of Orca Exploration Group Inc. ("Orca") pursuant to the substantial issuer bid (the "Offer") recently completed by Orca.Orca commenced the Offer on January 28, 2020, and the expiration date of the Offer was March 4, 2020. On March 6, 2020, Orca announced the results of the Offer, and indicated that it has acquired an aggregate of 7,692,306 Class B Shares at a price of Cdn. $6.50 per share.Shaymar tendered 1,700,00...
St. Helier, Jersey--(Newsfile Corp. - January 28, 2020) - Shaymar Limited ("Shaymar") announces that if the substantial issuer bid (the "Offer") of Orca Exploration Group Inc. ("Orca") described in Orca's press release issued yesterday is completed, then Shaymar will dispose of certain Class B Subordinate Voting Shares of Orca (the "Class B Shares") held by Shaymar.Orca has announced a substantial issuer bid (the "Offer") to purchase for cancellation a number of its Class B Shares and its Class A Shares (which will be converted into Class B Shares immediately prior to take-up under the Offer)....
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