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Oil price, Touchstone, Scirocco, Echo, UOG. And finally…

6 December 2022|Categories: Daily Blog|Tags: , , , |0 Comments

Oil fell yesterday, as the market got panicked about the Fed raising rates again. Touchstone has raised money in England and Canada ahead of the run-in to Cascadura and Royston. Scirocco chat about life after Ruvuma ahead of Capital Markets day tomorrow whilst Echo keep us hanging on and UOG spud the ASW-1X exploration well.

Oil price, Wentworth, Angus, Serica,PetroMatad. And finally…

5 December 2022|Categories: Daily Blog|Tags: , , , |0 Comments

Oil was up last week and stronger again today, Opec+ didn't change the deal and the EU seaborne oil and the G7, EU and Australian price cap came in at $60. Wentworth has announced an agreed takeover by Maurel & Prom and Angus are working hard at Saltfleetby. At Serica Eigg is non-commercial but trading remains strong and Petro Matad still have no luck at XX but are hopefully drilling Block V next year

Oil price, Echo. And finally…

2 December 2022|Categories: Daily Blog|Tags: |0 Comments

Oil is solid ahead of the Opec+ meeting on Sunday and the EU sanctions and -possibly- a price cap on Monday. Today Echo complete their restructuring which is good for the balance sheet but somewhat dilutive.

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Disclaimer: Malcy’s Blog is provided for general information about the international oil and gas industry and the companies that operate within it. It does not constitute investment advice and Malcy does not buy or sell shares, warrants or bonds in any company written about within the blog. Information is taken from publicly available sources and any comment is that of the author who does not take any third party comment in the publication.