Arrow Exploration has developed into one of AIM’s more interesting small-cap oil growth stories, combining rapidly rising production with strong cash generation, a debt-free balance sheet and an expanding reserve base. With production now exceeding a record 6,500 boe/d and further wells to come, the growth story may have further to run.

United Oil & Gas has completed its drilling-readiness study for Jamaica with positive results, identifying a double-digit pool of suitable rigs, a Jamaica-based logistics solution and the long-lead equipment required for a future exploration campaign. With a practical pathway now established for drilling the billion-barrel Colibri and Thunderball targets, management says its immediate focus is firmly on concluding the Walton-Morant farm-out.

As rare earth M&A accelerates and major players target strategic ionic-clay assets, Harena’s 100%-owned, U.S.-backed Ampasindava project in Madagascar could be increasingly difficult for potential strategic buyers to ignore.

With a property portfolio now worth approximately £825 million, an attractive long-term debt structure and a progressive dividend policy, Living REIT could offer investors a combination of income and capital appreciation. Its latest interim results suggest a business making steady financial progress, while a major acquisition could provide the catalyst for accelerating earnings growth. But does the market's discount to underlying asset value represent an opportunity or reflect genuine risks?

Repowering activity continues to convert into completed projects, while a renewed five-year Drax contract and expansion into battery storage add further visibility to EGT’s critical infrastructure growth strategy.

Strong first-half trading, a 26% gross margin and a £126 million potential repowering opportunity provide an increasingly visible platform for EGT's medium-term ambition of £50 million annual revenue and double-digit EBITDA margins.