Blog Archive2020-01-25T16:35:11+00:00

Blog archive

Oil price, PetroTal, Gulfsands, Egdon/UJO, CEG, Petrofac. And finally…

Oil is up today as demand looks stronger than any supply in the future. PetroTal has issued a very upbeat Q1 update which makes me want to increase the TP again. Gulfsands have done a very smart deal in Colombia which might not have been possible a few years ago. Petrofac are slightly cautious about the short term but the long term looks good to me, Egdon has paid off some debts and is making good returns from Wressle particularly, Union Jack gains from being paid back. Finally Challenger has gone on with its Uruguay acreage which is now looking very exciting.

Oil price, Gulf Keystone, Petrofac, Predator, SDX.

Oil is still quiet, up just under a dollar this afternoon ahead of the EIA inventory stats. Gulf Keystone announce a $50m special dividend which along with KRG payments bodes well for the shareholders. Petrofac announce a contract with bp's GTA project in Africa and Predator remind us that Mag Mell is crucial to Ireland's energy supply. Finally, SDX has accepted a bid for the company of 10p in shares from Tenaz from Calgary, what has life come to?

25 May 2022|Categories: Daily Blog|Tags: , , , |0 Comments

Oil price, Union Jack, IOG, Reabold. And finally…

Oil is unchanged today after a mixed week and influences varying from China to the USA. Union Jack have another positive update from Wressle where revenue has been incredible. IOG have had another teething problem but again it shouldn't hit the long term value of the field. Finally Reabold has sorted the situation in California and Daybreak is now funded to drill.

23 May 2022|Categories: Daily Blog|Tags: , , |0 Comments

Oil price, Chariot, Pharos, Hurricane, Getech. And finally…

Oil is falling due to Chinese demand, Chariot has made a good raise to develop Anchois and push on with the power business. Pharos AGM statement was good and with Vietnam kicking in later this year should be good. Getech are solidly ahead, Hurricane looks cheap as chips and could and should be taken over from here, just imagine what a wealthy parent would do with it...?

19 May 2022|Categories: Daily Blog|Tags: , , , |0 Comments

Oil price, President, Empyrean, Capricorn. And finally…

Oil will be modestly down on the week after continued drift and delay from the EU about taking oil & gas from Russia. Today Enercom names and shames those international refiners still taking Russian crude which are mainly Indian. President announce numbers from Argentina which continue to show solid progress. Empyrean is raising funds to to after Topaz and I get back to Capricorn following its AGM statement.

13 May 2022|Categories: Daily Blog|Tags: , , |0 Comments
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