DGO complete their latest deal with plenty more on the way i am sure and Solo's interims and many more recent announcements makes me think that much is on the go there.
JOG's interims show no surprises but ahead of the up-coming CMD there is much to assess during a very busy few months. At Reabold Resources California is still delivering with the potential for much more and canny investors should keep an eye on the UN as is starts the process of bring Syria back into the world.
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.
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.
Solo Oil make yet another announcement this morning, is this the precursor to the big one? And on Friday Amerisur announced the results of the new CPR from McDaniels which gives very solid valuations to the company's most valuable assets.
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.
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.
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.
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.
A down day for oil yesterday as the EU pressed the panic button and the Opec committee meeting changed nothing until December. A catch up today with a look at the SOCO interims, news from Wentworth about the GSA and the fund raise from Providence.