Estonia Healthcare Energy Small-Caps

Zephyr Energy

Market Cap: UK£68.3m

Engages in the exploration, development, and production of oil and gas resources in the United States.

Seascape Energy Asia

Market Cap: UK£58.7m

A full-cycle E&P company, is involved in acquiring oil and gas assets in Malaysia.

Aminex

Market Cap: UK£53.6m

Engages in the exploration, appraisal, development, and production of oil and gas assets, reserves, and resources.

Upland Resources

Market Cap: UK£51.8m

A public investment firm specializing early stage companies.

Star Energy Group

Market Cap: UK£46.2m

Engages in the exploration, development, processing, and production of oil and gas in the United Kingdom.

Caspian Sunrise

Market Cap: UK£44.8m

Engages in the exploration and production of crude oil.

Chariot

Market Cap: UK£42.3m

Engages in exploration, appraisal and development of upstream oil and gas assets.

Enwell Energy

Market Cap: UK£40.9m

Engages in the exploration, development, and production of oil and gas properties in Ukraine.

Helium One Global

Market Cap: UK£39.6m

Engages in the exploration and production of helium gas.

Jersey Oil and Gas

Market Cap: UK£38.7m

Engages in the exploration, appraisal, development, and production of oil and gas properties in the North Sea of the United Kingdom.

Zenith Energy

Market Cap: UK£29.1m

Engages in the exploration, development, and production of oil and natural gas assets in Tunisia, Italy, the United States, and internationally.

Predator Oil & Gas Holdings

Market Cap: UK£27.9m

Engages in the exploration, appraisal, and development of oil and gas assets in Morrocco, Ireland, and Trinidad and Tobago.

Neo Energy Metals

Market Cap: UK£24.9m

Operates as a mining and exploration company in South Africa.

Europa Oil & Gas (Holdings)

Market Cap: UK£23.7m

Engages in the exploration, appraisal, development, and production of oil and gas properties in the United Kingdom, Equatorial Guinea, and Ireland.

Parkmead Group

Market Cap: UK£23.5m

An independent oil and gas company, engages in the exploration and production of oil and gas properties in Europe.

Quadrise

Market Cap: UK£22.7m

Manufactures and markets emulsion fuels for use in power generation, industrial, marine diesel engines, and steam generation applications in the United Kingdom.

Apertura Energy

Market Cap: UK£21.4m

Focuses on the energy sector in Venezuela.

Tekmar Group

Market Cap: UK£20.3m

Designs, manufactures, and supplies subsea stability and protection technology to offshore energy markets.

EnergyPathways

Market Cap: UK£16.6m

An integrated energy transition company, focuses on lower emission energy solutions in the United Kingdom.

Angus Energy

Market Cap: UK£14.8m

An independent UK onshore oil and gas development, production, and operations company, engages in the oil and gas extraction for distribution to third parties in the United Kingdom.

Prospex Energy

Market Cap: UK£13.7m

Operates as an oil and gas investment company.

Chesterfield Special Cylinders Holdings

Market Cap: UK£13.3m

Through its subsidiaries, design, manufactures, and reconditions high pressure gas cylinders United Kingdom, Canada, Germany, Australia, France, Spain, the United States of America, Norway, Italy, Europe, and internationally.

Block Energy

Market Cap: UK£13.3m

An independent energy company, explores, develops, and produces oil and gas in the Republic of Georgia.

GCM Resources

Market Cap: UK£12.5m

A mining and energy company, operates as a resource exploration and development company in the United States.

Orcadian Energy

Market Cap: UK£12.3m

Engages in the exploration, appraisal, and development of oil and gas in the United Kingdom.

Quantum Helium

Market Cap: UK£11.5m

Engages in the exploration, development, and production of oil and gas properties in Australia and the United States.

Pennpetro Energy

Market Cap: UK£9.6m

Engages in onshore oil and gas exploration and production in the United States.

Reabold Resources

Market Cap: UK£9.4m

An investment holding company, engages in the exploration, appraisal, development, and evaluation of oil and gas projects in the United Kingdom, Romania, the United States, and Italy.

Cloudbreak Discovery

Market Cap: UK£9.4m

Engages in the acquisition of natural resource project and royalty generation worldwide.

Cadogan Energy Solutions

Market Cap: UK£9.4m

Operates as an energy company in Ukraine.

United Oil & Gas

Market Cap: UK£9.0m

Engages in the exploration, development, and production of oil and gas in the United Kingdom, rest of Europe and greater Mediterranean, and Latin America.

Deltic Energy

Market Cap: UK£7.1m

A natural resources investing company, engages in the exploration, evaluation, and development of gas and oil licenses in the Southern and Central North Sea.

Tower Resources

Market Cap: UK£6.8m

Engages in oil and gas exploration business in Africa.

Oracle Power

Market Cap: UK£6.0m

Engages in the exploration and development of coal in Pakistan.

Nostrum Oil & Gas

Market Cap: UK£5.9m

Operates as a mixed-asset energy company in the United Kingdom and internationally.

Geo Exploration

Market Cap: UK£5.9m

Explores for oil and gas exploration and development in Africa and Australia.