Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Vermilion Energy, driven by higher revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - Vermilion Energy is expected to report a quarterly loss of $0.06 per share, reflecting an 84.2% year-over-year change, with revenues projected at $437.64 million, a 25% increase from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised 800% higher in the last 30 days, indicating a significant reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate matches the Zacks Consensus Estimate, resulting in an Earnings ESP of 0%, complicating predictions of an earnings beat [12]. Historical Performance - Vermilion has not surpassed consensus EPS estimates in the last four quarters, with a notable surprise of -58.82% in the last reported quarter [13][14]. Investment Considerations - While the potential for an earnings beat exists, other factors may influence stock movement, making it essential to consider the Earnings ESP and Zacks Rank before the earnings release [15][16].

CALGARY, Alberta, July 31, 2025 (GLOBE NEWSWIRE) -- Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces that the Kavango West 1X exploration well is currently drilling and provides a corporate update on ongoing operations. Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. Chris Sembritzky, SVP Exploration c ...

Core Viewpoint - Growth investors are increasingly focused on stocks with above-average financial growth, but identifying such stocks can be challenging due to inherent risks and volatility [1] Group 1: Company Overview - Vermilion Energy (VET) is currently recommended as a strong growth stock due to its favorable Growth Score and top Zacks Rank [2] - The company has a historical EPS growth rate of 13.5%, but projected EPS growth for this year is expected to be 231.8%, significantly outperforming the industry average of -23% [4] Group 2: Financial Metrics - Vermilion's asset utilization ratio (sales-to-total-assets ratio) is 0.32, indicating that the company generates $0.32 in sales for every dollar in assets, which is higher than the industry average of 0.31 [5] - The company's sales are projected to grow by 17.7% this year, compared to an industry average of 0% [6] Group 3: Earnings Estimates - The current-year earnings estimates for Vermilion have been revised upward, with the Zacks Consensus Estimate increasing by 152.2% over the past month [7] - Vermilion has achieved a Zacks Rank of 2 (Buy) and a Growth Score of B, indicating its potential as an outperformer for growth investors [9]

Core Insights - Reconnaissance Energy Africa Ltd. is preparing to spud the Kavango West 1X exploration well, with drilling scheduled before the end of July 2025 [2][4] - The well aims to reach a total depth of approximately 3,800 meters (12,500 feet) and will target over 1,500 meters of the Otavi carbonate reservoir section [2][3] - The Kavango West 1X well represents the second test in the Damara Fold Belt play, which has identified over 19 prospects and leads [3] Operational Update - The drilling rig has been safely moved on-site, and all necessary permits have been obtained from regulators [2] - Final assembly and safety checks of the drill rig are currently underway [2] - The prospect is a large structural fold identified on modern 2D seismic data, extending over 22 kilometers long by three kilometers wide [3] Corporate Governance - Iman Hill has resigned from the Board of Directors effective July 31, 2025, due to foreign work obligations [5] - Following the resignation, the Board will consist of five members, three of whom are independent directors [5] - The Board intends to maintain its current size of five seats [5] Community Engagement - The company expresses gratitude to community and regulatory stakeholders in Namibia for their collaboration in reaching the drill-ready stage [7] - ReconAfrica emphasizes its commitment to safe operations for employees, local communities, wildlife, and the environment [7] Company Overview - ReconAfrica is engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin across northeastern Namibia, southeastern Angola, and northwestern Botswana, holding approximately 13 million contiguous acres of petroleum licenses [7]

Core Insights - Reconnaissance Energy Africa Ltd. is preparing to spud the Kavango West 1X exploration well, with drilling scheduled before the end of July 2025 [2][4] - The well aims to reach a total depth of approximately 3,800 meters (12,500 feet) and will target over 1,500 meters of the Otavi carbonate reservoir section [2] - The Kavango West 1X well represents the second test in the Damara Fold Belt play, which has identified over 19 prospects and leads [3] Operational Update - The drilling rig has been safely moved on-site, and all necessary permits have been obtained from regulators [2] - Final assembly and safety checks of the drill rig are currently underway [2] - The prospect is a large structural fold identified on modern 2D seismic data, extending over 22 kilometers long by three kilometers wide [3] Board of Directors Update - Iman Hill has resigned from the Board of Directors effective July 31, 2025, due to foreign work obligations [5] - Following the resignation, the Board will consist of five members, three of whom are independent directors [5][6] Community Engagement - The company expresses gratitude to community and regulatory stakeholders in Namibia for their collaboration in reaching the drill-ready stage [7] - ReconAfrica emphasizes its commitment to safe operations for employees, local communities, wildlife, and the environment [7] Company Overview - ReconAfrica is engaged in oil and gas exploration in the Damara Fold Belt and Kavango Rift Basin, holding petroleum licenses for approximately 13 million contiguous acres [7]

Core Insights - TAG Oil Ltd. is pursuing expansion opportunities in both unconventional and conventional exploration and production assets in Egypt [1] - The company plans to participate in an open bid for various blocks in Egypt organized by the Egyptian National Petroleum for Exploration and Development Company (ENPEDCO), with the bidding process expected to close on August 31, 2025 [1] - The acquisition target in the Western Desert, Egypt, is expected to significantly expand TAG Oil's acreage and enhance its operational footprint in the unconventional Abu Roash "F" oil resource play [2] - TAG Oil's CEO emphasized the strategic importance of expanding the company's footprint in Egypt and expressed confidence in leveraging local expertise for a compelling proposal during the ENPEDCO process [3] Company Overview - TAG Oil is a Canadian-based international oil and gas exploration company focused on operations and opportunities in the Middle East and North Africa [4]

Core Viewpoint - Pelican Acquisition Corporation has entered into a non-binding letter of intent with Greenland Exploration Limited to explore a potential business combination, focusing on strategic energy assets in North America [1][2][4] Company Overview - Pelican Acquisition Corporation is a special purpose acquisition company formed to effect mergers, share exchanges, and similar business combinations without being limited to any particular industry or geographic region [10] - Greenland Exploration Limited is a Texas-based entity focused on developing strategic interests in North American energy assets, aiming to deliver long-term shareholder value [7] Transaction Details - The proposed transaction involves a share-for-share exchange where Pelican would acquire 100% of the issued and outstanding equity of Greenland Exploration, with an exchange ratio of one Pelican share for each GEL common share, resulting in the issuance of 21.5 million shares of Pelican [3] - Greenland Exploration has an agreement to invest up to $70 million in the Jameson Land Basin, which has seen over $200 million invested by major oil companies to develop oil reserves [2][3] Strategic Importance - The Jameson Land Basin is estimated to contain approximately 31.4 billion barrels of oil equivalent, making it a significant opportunity for energy development [2] - The transaction is seen as a unique opportunity for Pelican's shareholders, especially given recent U.S. designations of Greenland as a strategic defensive location [2][4] Negotiation and Advisory - The letter of intent includes a 30-day exclusive negotiation period for the parties to work towards a definitive agreement, subject to due diligence and approvals [4] - ThinkEquity is advising Greenland Exploration, while EarlyBirdCapital is advising Pelican on the transaction [5]

Core Viewpoint - Black Gold Exploration Corp. (BGX) has clarified its recent production announcement, confirming its 10% working interest in the Fritz 2-30 well in Indiana, and addressing unauthorized promotional disclosures made by third parties [1][2][3]. Disclosure Update - BGX has entered production through a 10% working interest in the Fritz 2-30 well located in Clay County, Indiana [1]. - The company invested a total of USD $145,987 to acquire this interest in a joint venture with LGX Energy Corp. for exploration, drilling, and testing [1]. Marketing Disclosure Update - BGX engaged with CHero Enterprises Corp. for news dissemination, but unauthorized and overly promotional disclosures were made by Aktiencheck, which were not authorized or reviewed by the company [2]. - The Canadian Securities Exchange (CSE) and British Columbia Securities Commission (BCSC) requested the removal of the inaccurate promotional materials published by Aktiencheck [2]. Additional Notes - BGX has no engagement with SmallCapCanada, which issued an inaccurate news release regarding the company's production interest, failing to mention the 10% working interest in the Fritz 2-30 well [3]. - The company has committed to reviewing and approving all promotional materials in the future [4].

Core Insights - Viper Energy, Inc. (VNOM) has announced an agreement to acquire Sitio Royalties (STR) in an all-stock transaction valued at $4.1 billion, which includes Sitio's net debt of $1.1 billion as of Q1 2025 [1][9] - The acquisition is expected to enhance Viper's scale and inventory, supporting sustainable production growth for the next decade and improving free cash flow generation [4] - Viper Energy plans to increase its base dividend by 10% to $1.32 per share annually, or 33 cents quarterly [1] Acquisition Details - Sitio shareholders will receive 0.4855 shares of Viper for each share of Sitio Class A common stock, implying a share price of $19.41 for Sitio's stockholders based on Viper's share price as of June 2, 2025 [2] - The deal is anticipated to close in Q3 2025, with Viper's shares rising nearly 1% and Sitio's shares gaining approximately 12% following the announcement [3] Financial and Operational Synergies - The transaction is expected to generate over $50 million in annual synergies, primarily from reduced general and administrative costs and cost of capital savings [5] - Post-acquisition, Viper Energy aims to maintain an Investment Grade rating and keep its net debt target at $1.5 billion in the near term [5] - The acquisition will lower Viper's pro forma base dividend breakeven to below $20 WTI, approximately $2 per barrel lower than previous estimates [5] Portfolio Expansion - Sitio Royalties has approximately 34,300 net royalty acres, with nearly 25,300 acres in the Permian Basin, which will increase Viper's footprint in the Permian by 42% [6][9] - The combined entity will own around 85,700 net royalty acres in the Permian Basin, with 43% operated by Diamondback [6] Production Expectations - Following the acquisition, Viper Energy's pro forma average production in Q4 is expected to be between 122,000 and 130,000 barrels of oil equivalent per day (mboe/d) [7] - Diamondback Energy will own approximately 41% of the pro forma Viper's outstanding common stock post-transaction [7]

Core Viewpoint - Angkor Resources Corp. announces the deployment of geoscientists and seismic contractors for a 350-kilometer seismic program on Block VIII in Cambodia, aiming to evaluate hydrocarbon potential and identify drill targets for oil and gas exploration [1][2][3]. Group 1: Project Details - EnerCam Resources, a subsidiary of Angkor, has completed a five-day scoping program to assess planned seismic lines, identifying access routes and potential challenges [2]. - The project involves a 2-D seismic survey along the west side of Block VIII, with the goal of interpreting seismic data to establish drill targets [2]. - The team has traveled over 1,340 kilometers during the scouting program, and plans to deploy 30-40 personnel for the seismic execution upon receiving environmental approval [5]. Group 2: Community Engagement - The company has engaged with local communities, receiving positive feedback regarding oil and gas development, which is seen as an opportunity for employment and economic growth [6]. - In response to community requests, the company has initiated clean water and sanitation projects for vulnerable families, demonstrating its commitment to social responsibility [7]. Group 3: Company Background - Angkor Resources Corp. is publicly listed on the TSX-Venture Exchange and focuses on resource optimization in Cambodia, with interests in mineral and energy solutions [9]. - The company’s energy subsidiary, EnerCam, holds an onshore oil and gas license covering 3,729 square kilometers in Block VIII, indicating significant exploration potential [9].