Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Vietnam drilling set to commence in September.
In H2 we can expect , two additional development wells block 16-1 TGT Field and one development well block 9-2 CNV Field.
Share buyback underway and good levels of current free cashflow generation.
Hopefully head towards the broker target 70p as H2 progressed.
Correction 250% upside #PHAR to 70p
New note out by @AuctusAdvisors on Pharos target raised to 70p + 350% upside from current 20p SP. forecast free cash flow aggreagt to FY23 to be greater than market cap.
Good to see a share buyback now initiated, debt down and cash balance up.
Looking forward to the Vietnam drilling to commence September and in Egypt.
Looking forward to the Q2 2022 Pharos Energy Trading Statement this month and hopefully details of the H2 Vietnam drilling campaign.
“Hole MD-043 is starting to demonstrate the real potential of the Mocoa porphyry copper and molybdenum deposit with assay results returned to date confirming the exceptional grade, thickness and strength of the mineralizing system present in the area. The mineralized system remains open and many other porphyry targets have been identified for systematic follow-up within Libero Copper’s significant land position,” comments Ian Harris, President & CEO. “The Mocoa resource is already the largest copper resource in Colombia and will play a key role in the country’s goals of becoming the third largest producer of copper in South America, a metal that is indispensable in the decarbonization of the world’s economy.”
https://www.liberocopper.com/_resources/news/nr_20220419.pdf
Fantastic news release from Libero Copper & Gold Corporation, who Anglo Asian Mining own a 20% stake in.
Highlights
• 443 meters of 0.74% CuEq1 (0.48% Cu and 0.078% Mo) from 7 to 450 metres, including
• 342 metres of 0.91% CuEq1 (0.60% Cu and 0.093% Mo) from 108 to 450 metres, including
• 251 metres of 1.13% CuEq1 (0.75% Cu and 0.114% Mo) from 139 to 390 metres
• Drill hole MD-043 reached a depth of 1,235 metres with assays pending for the remaining 785 metres of core
• Broad intercepts of copper and molybdenum mineralization continues well beyond the 450 meters of assay results reported in this news release
https://www.liberocopper.com/_resources/news/nr_20220419.pdf
I would imagine the rig is on the pad ready, and would expect the spud soon.
With the commodity strength, getting the gas pipe connection done for immediate commercialisation is very positive.
This well makes a huge difference.
There is a point where the SP will catch up here and it will be quickly when it does. I reckon this will be trading a tad over 2p going into the well result and adding a further 1p on success to 3p.
We then have multiple similar targets for back-to-back which would add further incrementally.
The non-dilutive methods to further accelerate growth is a key element to watch out for and wold be a big piece of positive news.
Looking forward to the Q1 Operational update due. We know that based on current production rates and sales prices Block are generating nearly $500,000 additional cash revenue per month.
Production from their last drill, the JKT-01Z was at 310 boepd, comprising 182 bopd and 21,800 m3 (128 boe) and Block Energy are achieving over 30 per cent higher gas price in Georgia since 1 January 2022 and have gas infrastructure which enables early monetisation.
Also of interest will be the next well, which is a fully funded sidetrack, WR-B1, twelve further sidetracks, analogous to the JKT-01Z are also currently being assessed for drilling subsequently.
African Pioneer will surprise a few this year, with the way this is structured the potential is substantial, very low market cap, room for multiples, sitting quietly and once the programme start RNS comes the herd will be onto this.
Watch out for a development update soon, interesting communications by the company today following a meeting with the O&G agency in Georgia. Clearly the perfect pricing climate for "accelerating the development of its significant oil and gas resources"
From the company today:
"During a visit to Georgia this month, our CEO Paul Haywood, had a meeting with Giorgi Tatishvili, Head of the Oil and Gas Agency in Georgia, to discuss #BLOE plans around accelerating the development of its significant oil and gas resources and to strengthened government support."
With two potential world class assets and majors onboard, its a good play on the strength of copper.
Good afternoon andmillsy, by all means.
African Pioneer, one to watch, news due any day now from either / both projects.
Currently off the radar, but the magnitude of the deals will soon become apparent, the majors can take this and add huge value on a free carry for African Pioneer. AFP can from £5m / 2.7p can multiply the way this is structured with value added by the majors.
Reminds me a bit of Anglesey mining many years ago that went from 2p to 70p on the Canada project.
The company is fully funded and trading below its IPO of 3.5p and with potentially two World Class Asset and two option agreements with multi billion capitalised majors First Quantum a $25b co and Sandfire a $3b company.
Sandfire hold 15% of the shares in African Pioneer, the free float here is only about 60m shares, hence where this could well go once traction from the majors gets underway. Sandfire recently announced the US$1.8 billion acquisition of the MATSA copper mine in Spain. Sandfire also fund the exploration of the African Pionner Included Licences, which are in close proximity to their major mine
First Quantum has one of the world’s largest copper mines nearby and has a wealth of exploration technical expertise, and are set to start on the African Pioneer copper asset now very soon.
The enormity of Colin Bird and the team have secured as a £5m cap company with two majors (and one owns 15% of the co) will soon become apparent.
Looking forward to the next few years here as i3E shareholder, solid production base, low cost base, with substantial cash generation. The recently commenced monthly dividend payment policy to shareholders shows fantastic confidence and a good way to compound.
With a production base of around 20,000 boepd in Canada's most prolific hydrocarbon region, the Western Canadian Sedimentary Basin and appraisal assets in the North Sea with significant upside.
Graham Heath CFO/Co-Founder of I3 Energy PLC is presenting and conducting an investors Q&A at the Proactive One2One Investor Forum - 24th February
https://event.webinarjam.com/register/1434/oyy2gsm70?j=1019816&sfmc_sub=334103739&l=86_HTML&u=60599049&mid=100009383&jb=116
Tennyson Company Coverage, From Strength to Strength https://wp-i3energy-2021.s3.eu-west-2.amazonaws.com/media/2022/02/220211_i3E-From-strength-to-strength-1.pdf?
Arrow Exploration Corp
Ticker: AXL
Share Price: 8.6p
Market Cap: £18m
Shares in Issue: 210m
Current Production: 1,320boepd
Cash: £8m (Feb 2022)
2P Reserves: 7MMBOE
Fully Funded Business Plan
Arrow Exploration (LON:AXL) is a dual listed (London and Toronto) Oil and Gas company with an under explored and under exploited portfolio of Colombian oil assets that offer high potential growth. It is clear from the recent company interviews that the Arrow management team see huge potential for growth in Columbia.
Arrow Exploration also have very attractive and rewarding assets in Canada, and announced in December that they now have the West Pepper asset online and with option to tie in the East Pepper O&G well also this year, there is 1.8 Tcf of gas initially in place in Arrow’s Montney Canadian play. The company indicates it may “look to monetize its Canadian assets as M&A activity is currently robust”, this would be to focus more on the oil opportunities they clearly see in Columbia.
The current company production as we stand is 1,350 boepd, split at Columbia Oil production of 545 barrels per day and Canada 805 boepd.
The Arrow Exploration business plan is clearly to expand oil production from some of Colombia's most active basins, the company notes how supportive the Columbian Government is of the O&G industry, with attractive fiscal terms and in an environment with strong pricing based on Brent less the vasconia differential of $2-$4/bbl. The Brent linked pricing exposure combined with low royalties yield attractive potential operating margins. Taking into account the favourable fiscal terms and net back, Arrow is focused with a fully funded campaign on low risk infill and development wells and indicate these wells could potentially come online at 1,000-2,000 barrels of oil per day. If this level of success does happen the result would be a material addition to the current level of production and cash flow. Arrow is targeting over 3,000 boepd near term and 10,000 boepd via the assets they currently hold.
The Columbian drilling campaign spuds the first week in March, with 2 weeks to complete the drill and then immediately 2 weeks to test and onto production. The pad can accommodate the opportunity to drill an additional 4-6 wells, which on the result of the first two wells I am sure they will pursue if successful.
Arrow Exploration Corp is a serious outfit with very credible and proven management at the helm. The Arrow team lead by Marshall Abbott CEO, have a vast experience and a very good track record of building up O&G companies. It is for this reason, with a low market cap and a fully funded campaign that Arrow Exploration Corp is one to watch as the year unfolds.
link: https://app.stockopedia.com/content/one-to-watch-arrow-exploration-corp-939700?order=createdAt&sort=desc&mode=threaded
February Research Sources:
Proactive Investors CEO Interview, 3 Feb 2022, Arrow Exploration provides operation updates as 2022 is off to a very busy start
https://www.youtube.com/watch?v=L1ux0oZGy6Y&t=1s
BRR Media Interview Wed, 2 Feb 2022, Marshall Abbott CEO
https://www.brrmedia.co.uk/broadcasts-embed/61f7ca1e12956e448c996b23/arrow-exploration-introduction-video/?popup=true
Corporate Presentation February 2022
https://arrowexploration.ca/wp-content/uploads/2022/02/Website_Arrow_Exploration_Corporate_Presentation_February_2022.pdf
I have put my thoughts up on Arrow Exploration, we now enter a very exciting phase for the company.
One to Watch: Arrow Exploration Corp
https://app.stockopedia.com/content/one-to-watch-arrow-exploration-corp-939700?order=createdAt&sort=desc&mode=threaded
New interview out, cash flow positive, sidetracks from cash flow, more production planned, no fund raise, £7m market cap.
Following the well and on oil and gas price should be trading back over 2p now in my opinion.
Zak Mir: Paul Haywood, CEO @BlockEnergyplc - Vox Markets
Arrow Exploration Corp has a lot going for it and well off the radar at the moment, this will soon change once the funded drilling campaign starts this quarter.
With current production c.1,600 boepd, cash flow positive and fully funded this is set for a big 2022.
The CEO has a history of value building and capitalising.
Based on the HY report, and the strength of gold, Pan African is set to move into the 20s very soon in my opinion, and also strong from a technical perspective.