Range Resources (RRL): Range signs SPA with Wilson Energy
Companies: Range Resources
African Export-Import Bank a supranational financial institution w hose purpose is to facilitate, prom ote and expand intra- and extra- African trade, of its potential intention to publish a registration document, the Bank hereby confirms its intention to proceed with an Initial Public Offering. The GDRs are expected to be admitted to the standard listing segment of the Official List of the FCA and to trading on the Main Market of the LSE.
DNEG Limited intends to apply for adm ission of its Sh
Companies: CCS PAT ITX NEXS KEFI RENE RRL EZH YU/
Registration document approved for Helios Towers. The Group provides essential network services, flexible infrastructure solutions and reliable power supply to mobile network operators in five African growth economies. Revenue increased 7 per cent. year-on-year to US$191m (H1 2018: US$178m), with Adjusted EBITDA up 15 per cent. year-on-year at US$99m (H1 2018: US$86m) for the six months ended 30 June 2019. Pricing rumoured at 115p to 145p implying valuation of up to $1.8bn. Expected 18 Oct 2019.
Companies: DEST BOKU GTC RRL AUG ARK ARBB LGRS GOOD ASC
Range Resources (RRL LN/RRS AU) (not covered): Divestment of Trinidad | Cuadrilla Resources: Fracking suspended onshore UK | Volga Gas (VGAS LN) (not covered): Production update in Russia | Wentworth Resources (WEN LN) (not covered): 1H19 results
Companies: RRL VGAS WRL
Range Resources (RRL LN/RRS AU) (not covered): 2Q19 results | BP (BP LN) (not covered): 2Q19 results | Nostrum Oil & Gas (NOG LN); Speculative Buy, £2.20: 1H19 operating update in Kazakhstan | Dana Gas: Oil discovery in Kurdistan Region of Iraq | Qatar Petroleum to buy share of offshore Guyana blocks from Total (FP FP) | Eco (Atlantic) Oil and Gas (ECO LN) (not covered): YE 31 March 2019 results | Seplat Petroleum (SEPL LN); BUY, £2.90: 2Q19 results
Companies: RRL BP/ NOG EOG SEPL
Range Resources (RRL LN/RRS AU) (not covered): China transaction update | Eni (ENI IM) (not covered): 2Q19 results | Equinor (EQNR NO) (not covered) & Lundin Petroleum (LUPE SS) (not covered): Small oil discovery at the Utsira High | Independent Oil & Gas (IOG LN)1 ; BUY, £0.50: Game changing farm out of assets to a company of Warren Buffet | Block Energy (BLOE LN) (not covered): Production resumption in Georgia | Orca Exploration (ORC.A/B CN) (not covered): Review of strategic alternatives
Companies: RRL ENI IOG BLOE ORC/B
Interoil Exploration and Production (IOX NO) (not covered): Acquisition in Argentina | Range Resources (RRL LN/RRS AU) (not covered): Results for the quarter ended 31 March 2019 (3Q FY19) | Angus Energy (ANGS LN) (not covered): Equity raise | BP (BP LN) (not covered): 1Q19 results | Equinor (EQNR NO) (not covered): Dry hole in Norway | Repsol (REP SM) (not covered): 1Q19 results | Nostrum Oil & Gas (NOG LN); Speculative Buy, £2.20: 1Q19 update | Regal Petroleum (RPT LN) (not covered): FY18 resul
Companies: IOX RRL ANGS BP/ REP NOG ENW GENL AEX AAOG GBP MXO SEPL
BW Offshore (BWO NO) (not covered): Acquisition offshore Brazil | Eco (Atlantic) Oil & Gas (ECO LN/EOG CN) (not covered): Resources update in Guyana | Range Resources (RRL LN/RRS AU) (not covered): Restructuring and acquisition of education business
Companies: Eco (Atlantic) Oil & Gas Ltd. (EOG:TSX)Range Resources (RRL:LON)
President Energy (PPC LN) (not covered): Update in Argentina | Range Resources (RRL LN/RRS AU) (not covered): 2Q19 report for period ended 31st December 2018 | Lundin Petroleum (LUPE SS) (not covered): FY19 budget | Royal Dutch Shell (RDSA/B LN) (not covered): 4Q18 results | Genel Energy (GENL LN), Speculative Buy, £3.00: Extension to Bina Bawi and Miran conditions precedent | Global Petroleum (GBP LN): Speculative Buy, £0.05; December 2018 quarterly report
Companies: PPC RRL LUNE RDSA GENL GBP
Range Resources (RRL LN/RRS AU) (not covered): 3Q18 report | Equinor (EQNR NO) (not covered): 3Q18 results | New offshore law in Romania update | Cairn Energy (CNE LN); BUY, £3.40: Senegal update
Companies: Range Resources (RRL:LON)Cairn Energy PLC (CNE:LON)
Licences award the Santos basin in Brazil | Range Resources (RRL LN/RRS AU): Results for the year ending 30/06/2018 | Indus Gas (INDI LN) (not covered): 1H18 results | Ascent Resources (AST LN): Operational update in Slovenia | Serica Energy (SQZ LN) (not covered): Update on Rhum field in the UK | San Leo Energy (SLE LN) (not covered): Large shareholder transaction | Victoria Oil & Gas (VOG LN) 1,6; SPEC. BUY, £0.85: 1H18 results in line - Gross production had already been reported |
Companies: VOG SLE SQZ INDI RRL AST
Petrofac introduces partner in Mexico | Soco International (SIA LN) (not covered): Trading & operations update | Aker BP (AKERBP NO) (not covered): Acquires licence portfolio from Total (FP FP) (not covered) | Lundin Petroleum (LUPE SS) (not covered): 1H18 result | BP (BP LN) (not covered): 2Q18 results | Nostrum Oil & Gas (NOG LN)6 ; BUY, £5.40: 1H18 results and very positive drilling result | Regal Petroleum (RPT LN) (not covered): Reserves & resources update in Ukraine | DNO (DNO NO) (not
Companies: RRL PHAR BP/ LUNE NOG ENW DNO
Range Resources (RRL LN/RRS AU) (not covered): £1 mm equity raise | ENI (ENI IM) (not covered): 2Q18 results | Royal Dutch Shell (RDSA/B LN) (not covered): 2Q18 Results | Regal Petroleum (RPT LN) (not covered): VAS-10 well initial test results in Ukraine
Companies: RRL ENI REP RDSA ENW
Research Tree provides access to ongoing research coverage, media content and regulatory news on Range Resources.
We currently have 35 research reports from 4
Friday's market sell off saw some violent downward moves in many stocks with little initial differentiation between sectors or the key drivers of businesses, creating significant share price drops in a number of higher quality or uncorrelated names. We take a look at some stocks we believe have either seen an unwarranted sell-off, have seen weakness go under the radar or where there is now a more attractive opportunity.
Companies: ANX IBPO CYAN SOM EQT AFM
Phoenix copper today announces an update on its deep drilling program below the proposed Empire oxide open pit resource and into the deeper sulphide zone. Phoenix is roughly 1/4 the way through a 4,500m drilling programme and has once again shown that high-grade zones of copper, zinc and lead sulphide mineralisation exist, nearly always associated with gold and/or silver and often with elevated concentrations of tungsten and molybdenum.
Companies: Phoenix Copper Ltd. (United Kingdom)
Across a broader market sell off EQTEC have shown resilience and is trading at 1.55p, above its placing in May, up 25% from one month ago.
Companies: EQTEC PLC
Savannah today announces that it is amicably terminating its JV arrangement with Rio Tinto over the Mutamba Minerals Sands project in Mozambique. Savannah has been paid $9.5m (which translates into 0.4p/sh) in cash to relinquish the 20% it has earned in the project and will cease all activity in country. All staff will transfer to Rio Tinto.
Companies: Savannah Resources Plc
No joiners today
No leavers today
What’s cooking in the IPO kitchen?
Trinistar Liverpool S.a r.L announces its potential listing of a newly formed single asset company which will own the Capital Building in Liverpool on the IPSX. Upon admission the Company would become a real estate investment trust (REIT). The Capital Building occupies close to a 3.5 acre freehold site in the centre of Liverpool’s business district; the building comprises c425,000 square feet of predominantly of
Companies: ADBE ADBE SYM ARC AVCT CMCL CLIN DCTA FRAN OSI
SolGold (“SOLG”) has published the first partial assay results from its drilling programme at the Varela target on the Rio Amarillo concession, 35km from the flagship Cascabel project. Hole 1 has been assayed to a depth of 1,052m, revealing an intercept of 72m @ 2.16 g/t Au from 639.7m, including 24m @ 5.77 g/t Au. More interestingly assay results are pending from 1,052m to 1,708.1m (EOH) where free gold and porphyry mineralisation have been identified. Intersections of porphyry style mineralisa
Companies: SolGold Plc
West Newton planning update
Companies: Union Jack Oil Plc
Savannah Resources has sold its interest in the Mozambique mineral sands project (Mutamba) to JV partner Rio Tinto for $9.5m in cash. The payment has already been made to one of Savannah’s UK subsidiaries.
Given Barroso’s importance and capital requirements over the coming months, we view this as very good news. It allows management to dedicate all its time to Barroso and reduces future SAV equity dilution. Despite the strong lithium price and exceptional performance of ASX and TSX lithium sto
Trinity has received FDP approval from the Ministry of Energy and Energy Industries (MEEI) for the Phase 1 development of the Galeota licence. The submitted development plan has the potential to add additional peak production of c4,000 bopd; however more recent modelling suggests that intra-year peak production could be significantly higher, up to 7,000 bopd. Whilst the current development concept comprises the installation of a low-cost eight well platform (Echo), we note that Trinity is also w
Companies: Trinity Exploration & Production Plc
European gas prices are never far away from the headlines at the moment, although Parkmead’s results to end-June did not capture this surge in prices – that is yet to come. Parkmead is well placed to benefit from the current strength in European gas prices, while the potential for another commodity super-cycle suggests there is further progress to come on its major GPA oil project. A strong net cash position also puts it in the driving seat for potential acquisitions.
Companies: Parkmead Group PLC
Shanta Gold (AIM: SHG), the East Africa-focused gold producer has today announced a drilling update on its West Kenya Project (WKP) based on its Phase 2 drilling program which aims to infill 17 modelled zones across both Isulu and Bushiangala deposits up to 450-500m below surface. The Company has also reported drilling results from a regional exploration target, Ramula, where assays have been received from the first of 12 holes drilled, as part of the resource drill-out programme, totalling 451m
Companies: Shanta Gold Limited
Atlantic Lithium* (ALL LN) – Shareholders approve demerger of gold assets
Castillo Copper (CCZ LN) – Extension of options to acquire the Litchfield and Picasso lithium projects
Cornish Lithium (Private) – $18m funding package secured from TechMet
Hochschild (HOC LN) – Shares rise as government appears to back away from closure plans
Hummingbird Resources (HUM LN) – Updated mineral reserves extend Yanoflila LOM and delivers maiden estimate at Kouroussa
Phoenix Copper* (PXC LN) – Deep drilli
Companies: HOC HUM PXC PREM CCZ ALL
Q3 2021 results; new Romania drilling planned
Companies: Serinus Energy plc
Companies: Atlantic Lithium Limited.
Initiating Coverage: Price Target 20p
Potential Beyond Tin
AfriTin Mining Limited (ATM) is one of only three listed tin producers in Western markets. It has a large (820km2) land package in Namibia comprising 5 prospective licenses of which the Uis mine is the most advanced and already in production. Near term growth is being delivered with an 80% increase in tin production between 2022 and 2024. However, this is only scratching the surface and there are more than conceptual plans being fo
Companies: AfriTin Mining Ltd.