Bucket list 6 month update.

Today is the interim Bucket List with a look at performance since February, the good the bad and the ugly and with two stocks dropping out to be replaced in the list.

DGO, Reabold/Union Jack, PetroTal

On the move today will cover more later, in the meantime DGO confirms that the EdgeMarc Energy deal has been approved adding a modest but valuable portfolio to the company. Reabold and Union Jack have announced that testing at West Newton has resulted in what represents a potentially significant oil and gas discovery. This should be transformational for both companies. Finally PetroTal has 2Q figs but subsequent events are pushing the company fast forward with much more to come.

2019-08-29T11:48:19+01:0029 August 2019|Categories: Flash Blog|Tags: , , , |1 Comment

Oil price, DGO, Eco Atlantic, Reabold, Solo, Jadestone, Providence – And finally…

Oil is all over the place with America and China playing diplomatic tennis and now appearing to be making friends again. Today, DGO buy a small but important stake in gas gathering systems and Eco Atlantic have spudded Joe-1. Reabold have potentially very exciting news from Romania and Solo Oil are about to update their corporate presentation. Jadestone trim the guidance, mainly for the weather to be fair but still look in good nick whilst Providence and Lansdowne have extended their backstop.

Oil price, JOG, Premier, SDX, Getech, Falcon – And finally…

Oil is quiet ahead of the statement from Jackson Hole where Fed Chair Jerome Powell speaks later. Jersey Oil & Gas has announced another licence award with the gain of 21/2a containing the Glenn oil discovery in the Greater Buchan Area. Yesterday Premier announced results proving consistent operational success, specifically from Catcher, selling Zama and expecting Tolmount to deliver next. After that Sea Lion is the biggest growth area and elsewhere in the portfolio things are good. SDX in line with expectations, Getech continue to restructure and Falcon get the all clear to drill in the Beetaloo.

2019-08-23T12:16:54+01:0023 August 2019|Categories: Daily Blog|Tags: , , , , |2 Comments

Oil price, Rockhopper, Predator, Reabold – And finally…

Oil prices diverged but all eyes are on Jackson Hole tomorrow. Rockhopper has updated with news on Sea Lion where work has de-risked the project and Phase 1 resources have increased. Predator updates on Trinidad where the first workover has gone extremely well, making the project look increasingly attractive, finally RBD has increased its investment in Rathlin via a £1m investment which ups the exposure to West Newton.

2019-08-22T10:10:42+01:0022 August 2019|Categories: Daily Blog|Tags: , , |0 Comments

Oil price, Savannah Petroleum, Coro Energy/Empyrean Energy – And finally…

Oil is quiet but resilient, a Yemeni attack on a Saudi oil facility has lit things up in the Gulf. Excellent news from Savannah who have received Ministerial consent for the Seven Energy deal from President Buhari no less. Expect much to happen at SAVP now. And Coro and Empyrean have announced that drilling is about to get underway at the Duyung PSC offshore Indonesia.

2019-08-19T13:37:19+01:0019 August 2019|Categories: Daily Blog|Tags: , , |0 Comments

Oil price, Petro Matad, IOG, Touchstone, Zenith – And finally…

A huge rally yesterday, all given back this morning after another indifferent inventory situation. Petro Matad have got provisional approval for the Heron-1 well which should restart any time soon. IOG has brought forward and increased capex which should reward but also means the bond raise goes up from £70m to £88m. Touchstone results were as expected and Coho-1 is now the key, Zenith has also commenced drilling ops at Jafarli in Azerbaijan.