WTI $45.83 -85c, Brent $49.08 +16c, Diff $3.25 +$1.01, NG $2.58 n/c
Another very short blog i’m afraid as meetings beckon, anything not cleared up today I will endeavour to get back to.
The API inventory stats showed a draw of 3.7m barrels which was larger than analysts had forecast, tonight’s EIA numbers will be important and will need to show a reasonable reduction as well.
I am not sure if Premier was scheduled to report an update this morning but the recent share price weakness lately probably pushed them into one. In it they say that all is going as well as can be expected, production is still ahead of guidance at 57.1/- and the strong hedging programme is supporting revenues. Opex costs are still around $16 boe and Solan is still on track for production 4 Q 2015. With robust finances and plenty of liquidity I cant see what the market was concerned about, maybe there is a big seller around but getting out down here rather smacks of desperation, maybe the ‘C’ word at long last…
Velocys has announced that it has settled its case with Johnson Matthey in the US with JM agreeing to pay costs and acknowledge the patents filed by Velocys. Things starting to look up for the company after a difficult period, more later.
Caza has issued more stock to Yorkville under earlier agreed announcement. Hurricane has announced interims but nothing new, technical work at Lancaster and the farm-out process still under way. Trinity has announced further cost cutting but this is fairly peripheral, major announcement must be due shortly…
Its the Clueless Cup back and Villa finally got a win, beating Birmingham City 1-0….. Tonight the big game is the derby between Spurs and the Gooners whilst the Tractor Boys get their night out at the Theatre of Dreams, good luck Mariette…
And of course in the RWC its Scotland v Japan, what chance another result by the cherry and whites?
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