Latest from the Blog
Touchstone, Reabold/UJO, Falcon, BPC
Touchstone raises £9m, Reabold/UJO slightly behind at West Newton, Falcon has more success in the NT and BPC take on £8m more debt.
Echo Energy
A non-commercial gas discovery at Tapi Aike for Echo this morning but with flow of gas and condensate able to give data to tap into this working Petroleum system all is not lost.
Oil price, PetroTal Corp – And finally…
A mixed market in oil with Nymex shut yesterday but it has drifted this morning. Today sees a year end reserves and operational update from PetroTal which shows how well this company is doing.
Oil price, Predator, Sound, Far – And finally…
Oil duly rose last week but at present the virus, now Covid-19 could be peaking but the WHO are less confident. Predator completed a raise of £3.56m at 4p, a highly commendable job done that was 'significantly oversubscribed' and the outlook is promising. Sound Energy has had to go to plan B as so far the buyer of its Eastern Morocco assets has not yet signed an SPA. Far announced that MD Cath Norman had bought shares pa on Friday, nice work.
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.