Blog archive
Oil price, Wentworth, DEC, Touchstone.
Oil drifts today after Fed comments on next years interest rates warn that falls will be hard earned. Today Wentworth announce results which are highly creditable on the operating side with the M&P deal in the mix. Touchstone have a Capital Markets Day today and with Cascadura onstream the company is transformed. Finally, DEC has had its borrowing base increased from $375m to $425m.
Oil price, GKP, Coro. And finally…
Oil was virtually unchanged on the week, stories abound that the Iraqi-Turkish pipeline is opening for testing....Today, and separately GKP announce increased local sales which cover costs and Coro have 6 month results.
Oil price, Sound, Molecular, Predator.
Oil takes a breather as WTI October contract expires bur stocks are down. Sound are very positive about things going very well at Tendrara and Molecular Energies looks very exciting. Predator reported the other day, interims show much going on in Morocco as well.
Oil price, Zephyr, UJO/ Beacon, Longboat.
Oil pauses after a 50% run up, at the WPC in Calgary Abdul Aziz lays out the 3 P plan. Zephyr note market rumours that the Dominion gas pipeline is nearly operational and be ready for their gas in due course. Union Jack announces a 3.1% stake in Beacon and hopes to work with them in Germany whilst Longboat find uncommercial gas at Velocette but there may be more to this story.
Flash blog: DEC, Chariot, Serica, Jadestone.
DEC confirm dividend pricing in sterling and Chariots results show progress across the board. Serica is looking very strong and is now a serious dividend payer while Jadestone has seemingly put Montara behind it.
Flash blog: DEC, Touchstone, Arrow, Afentra, Orcadian.
Touchstone hit first gas production targets at Cascadura, DEC have had a re-shuffle of the executive and NED board and Arrow have brought on CN-3 as expected. Afentra are back from suspension with the admission document out today and Orcadian, fingers crossed have farmed-out most of the Pilot project.
Oil price, Beacon. And finally…
Oil remains strong and I talk about Beacon Energy and a good raise.
Flash blog ; Jersey O&G.
Interims from JOG but really show just how much has, and is going on there. Huge upside not to be sniffed at...
Flash blog: Pharos, PetroTal, IOG, Longboat, SDX, Hunting, Star.
Good numbers from Pharos, PetroTal are in the dry season but guidance is unchanged, the yield is not it's 17$ plus 2 for the buy-back. IOG are working hard and in talks with bondholders and Longboat have added to the previous acquisition.SDX continue to impress with deals and Hunting were also very impressive at the Capital Markets Day. Star meantime are all-in on geothermal.
Oil price, Afentra, Reabold, Ithaca, Coro/Empyrean, Arrow. And finally…
Oil is better again today in what is a quiet market, little going on and even tomorrow's US CPI number probably won't draw the Fed into a rise this month. Today Afentra have results which are of no interest, deals in Afentra are of interest and all is good there. Reabold up their %age in LNEnergy and Ithaca confirm taking Shell's 30% of Cambo. With Coro and Empyrean being boosted by a GSA at Mako both companies can now kick on and get some finance...And I revisit Arrow in case my interview with CEO Marshall Abbott had been missed.