Chariot Oil & Gas, Block Energy.

Results from Chariot and more importantly since, confirm that the Lixus acquisition has the potential to bring profitable lower risk assets into the portfolio. At Block the 38Z well has started and the WR-16aZ is showing highly difficult to read results with more gas than expected, announcements will be hard to predict.

2019-09-25T10:29:33+01:0025 September 2019|Categories: Flash Blog|Tags: , |6 Comments

Hurricane, RockRose, Aminex, Solo, Serica.

Hurricane has spudded its third Warwick West well, the last in this years campaign with Spirit Energy. RockRose Energy has along with excellent figures announced an interim dividend of 60p. Aminex has made great strides in Tanzania as they and ARA have made with the government and the forwarding of monies. Solo are also beneficiaries of this. Finally Serica has also had excellent results today.

2019-09-24T10:39:47+01:0024 September 2019|Categories: Flash Blog|Tags: , , , |0 Comments

Hurricane Energy

Hurricane has announced interims which for the first time show the not insubstantial effect of 1.6m barrels of oil produced since start up and of which some $22m worth of revenue was booked in the period. Overall a highly satisfactory continuance of delivery from Hurricane.

2019-09-20T10:30:20+01:0020 September 2019|Categories: Flash Blog|Tags: |0 Comments

Oil price, Rockhopper, Chariot, SDX, Europa – And finally…

Oil came back sharply yesterday as the Saudis said that production would be back to normal by the end of this month, way sooner than expected. Rockhopper results are fine but its all about Sea Lion which is progressing waiting for senior debt and of course the Ombrina Mare arbitration. At Chariot they have a CPR over additional prospects in the Lixus licence which takes the number to over TCF. SDX has had a find in Egypt and adds 315 b/d to production and EOG has been awarded an offshore licence in Morocco, the current hot post code internationally.

2019-09-18T12:19:09+01:0018 September 2019|Categories: Daily Blog|Tags: , , , |4 Comments

Oil price, Petro Matad, Block Energy

The oil price has stayed at the overnight price which looks good, today sees a dry hole from Petro Matad but progress being made at Heron. Block Energy has announced a new CFO joining the board and I catch up on a recent meeting with CEO Paul Haywood.

2019-09-17T12:12:34+01:0017 September 2019|Categories: Flash Blog|6 Comments

Oil price, Savannah Petroleum, Eco Atlantic, Reabold, Cluff – And finally…

The oil price has risen sharply this morning after Houthi rebels attacked Saudi installations with drones at the weekend. Whatever the fundamentals of the oil market this will not go unheeded. Savannah note that CNPC and the Niger Government have signed up for a 2,000 km pipeline from the Agadem Basin to the coast at Benin. Eco Atlantic along with Tullow have found more oil in Guyana, this time at their Joe-1 well in the Orinduik block. Reabold has increased its stake in Danube Petroleum to 41.6% via a subscription and Cluff has had inyerims but look in a good place.