RNS Hotlist with Zak Mir: HARL, AXL, PANR, UKOG, EST, BMN, BGO & COBR via Vox Markets

Harland & Wolff Group (HARL), the UK-quoted company focused on strategic infrastructure projects, announced that, as part of the £77 million Recapitalisation Plan for the FSS Programme, it has now submitted a planning application to extend its fabrication halls at the Belfast Facility.

Author @ZaksTradersCafe

The company said it is pleasing to see that the regeneration plans that have been worked on since the acquisition of the Belfast Facility in December 2019 are now submitted.

Comment: Another day, another RNS, for a company which is fast becoming a stock market darling, if it is not one already. Ideally, the current share price zone near 14p is the limit of the pullback from the highs in November near 28p.

Arrow Exploration (AXL), the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, provide an update on the drilling of Rio Cravo Este-3, and an operations update. The company said its current production is providing positive cashflow during a high commodity price environment. Continued strong production rates from existing tied-in wells combined with the encouraging results from new wells in Colombia support the company’s objective of achieving a production rate of 3,000 boe/d within 18 months of its AIM listing (completed in October 2021).

Comment: It is all about the company achieving the 3,000 boe/d and sustaining a move for the share price through 20p. If today’s RNS is not the one to do this, one would expect this combo to be achieved in a matter of weeks.

Pantheon Resources (PANR), the AIM-quoted oil and gas company, provided an operational update. The company said with the sand blockage in the wellbore cleaned out and the production liner reinserted, it can now look forward to observing the potential of Alkaid #2 as the well progresses through the cleanup phase. It will report the results once flow rates have stabilized and the data is representative of the potential of the well. It is happy with the potential for Alkaid #2 and is optimistic about a positive result.

Comment: Last week’s failure for the shares near the 60p level showed that the pesky bears attacking this company are still around. One would say that to shake them off the potential for Alkaid #2 has to turn into a positive result.

UK Oil & Gas (UKOG) announced receipt of an RPS CPR demonstrating the potential economic value of the company’s 100% owned Loxley gas discovery. The company said the CPR confirms that Loxley, one of the UK’s largest onshore gas discoveries, possesses material present value in today’s prevailing higher gas price world. Its potential future revenue streams have the capacity to deliver material shareholder value in the foreseeable future and its recoverable resources to contribute towards the UK’s future energy security.

Comment: It will be interesting to see whether the CPR moves the dial on the UKOG share price near the lows, given that we are talking about Loxley being “one of the UK’s largest onshore gas discoveries.”

East Star Resources (EST), the Kazakhstan-focused minerals exploration company, is pleased to provide an update for the Talairyk heavy rare earth elements project in East Kostanay, Kazakhstan. The company said positive results from pending assay and leach tests will give it the confidence to move rapidly into resource drilling of the historical deposit, exploration of the significant granitic trend, and more detailed metallurgical work required for a scoping study.

Comment: The market remains underappreciative of the East Star offering, a point underlined by the recent blink and you missed it rally to 5p. Nevertheless, updates like today do provide positive momentum for East Star, and should progressively change investor sentiment.

Bushveld Minerals (BMN), the primary vanadium producer and energy storage solutions provider, notes the recent media report, which referred to the commissioning of the Bushveld Electrolyte Company, South Africa’s first vanadium electrolyte factory, having started and the hope to produce 1 million litres of vanadium electrolyte this year. The company said it is not providing any production guidance, at the current time, as production will be informed by sales and off-take contracts with Original Equipment Manufacturers, discussions of which are ongoing.

Bango (BGO), the platform for data-driven commerce, announced a new partnership with Dropbox, a cloud storage service that allows the backup and sync of files across multiple devices. The company said that market leaders look to Bango to scale their partnerships with key operators which helps them to reach new, paying customers everywhere. Dropbox has incredibly high user engagement and retention, making it a natural choice for telecom operators as the need for cloud storage and collaboration services increases.

Comment: Shares of Bango are up over 25% year to date, something which along with today’s Dropbox news may indicate the company is making that difficult transition from being a minnow to being a serious player in its space.

Cobra (COBR), a gold, rare earth and IOCG exploration company, updated on results of the surveys at the Clarke prospect. As a result of the surveys, seven additional targets with structural similarities and corresponding to anomalous gold in calcrete will be tested in an upcoming drilling programme scheduled to commence in March. The company said RC drilling will focus on adding gold ounces to our resource, where it plans to extend mineralisation at Clarke and test extensions at Barns and White Tank. It also plans to execute a regionally extensive Aircore programme targeting rare earth resource growth at Clarke and Thompson whilst testing these regional gold targets.

Author @ZaksTradersCafe

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The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

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