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

Blog archive

Oil price, BPC, Rockhopper, Eco, Angus. And finally…

Oil had a good week, despite the US holidays it was up over $3 a barrel. Today all eyes are on the start of the two day Opec+ meeting with signs of an extension of the 2m b/d cut likely but equally pretty much in the price. BPC have signed the new Goudron EPSC in Trinidad an area where they hope to develop further production in-country. Rockhopper state that Navitas are still keen on the Sea Lion farm-in but there are some inevitable delays due to the Premier/Chrysaor situation. Eco Atlantic has done great work in Namibia where it has increased its already substantial portfolio and Angus has signed an MOU with Aleph Energy for a £12m funding for the Saltfleetby gas field.

Oil price, JOG, Genel, Union Jack,Egdon, President. And finally…

A good week for oil has quietened down, may due to todays Thanksgiving Holiday. Today JOG announce the acquisition of the final piece of the GBA jigsaw, Genel have first oil from Sarta and President have another discovery in Argentina. Egdon announce a small delay to Wressle but first oil should be in January and they have borrowed £1m from Union Jack who also announce some directors buying.

Oil price, Kistos, Falcon, Pantheon. And finally…

Oil continues to rise Brent is only $1.30 away from the magic $50 level. Kistos arrives on the Aim market today, former RockRose founder Andrew Austin returns with his new vehicle which looks most exciting. Falcon have announced a technical difficulty with its Kyalla well but tell me that it shouldnt be a reason to panic just yet. Finally Pantheon have hired a rig to drill the billion barrel Talitha prospect, ooh err...

25 November 2020|Categories: Daily Blog|Tags: , , |0 Comments

Oil price, Eco (Atlantic). And finally…

Oil continues its rally with the vaccines, a weak dollar, a Houthi attack on an Aramco operation in Jeddah and possible help from the Opec+ meeting next week. Eco report results but are meaningless except save that they remain well funded and would be ready to go save for the Tullow holdback. Elsewhere there are plenty of things to look forward to including the Namibia portfolio and the strategic alliance with Africa Oil.

24 November 2020|Categories: Daily Blog|Tags: |0 Comments

Oil price, DGO, Union Jack/Reabold, Scirocco, Aminex, Kistos, GKP. And finally…

WTI $42.42 +52c, Brent $44.96 +76c, Diff -$2.54 +8c, NG $2.65 +6c Oil price Another good week making one believe that there are indeed better opportunities should the current good news on the vaccine front come through.  Today's news that the Oxford/AstraZeneca vaccine has also been a success, can be produced swiftly in bulk and more easily delivered and the efficacy is in the 70-90% range dependent on dosage. This is not a sight of the sunlit uplands per se but deserves optimism and we have seen enough sharp spikes in different leading country GDP's already to know that it doesnt take much to stimulate demand. Crude oil prices, up another dollar this morning are reflecting this and also that the worlds leading oil suppliers have taken it on board ahead of the biannual Opec meeting which is now only a week away. Finally the Baker Hughes rig count last Friday showed a fall of 2 units overall to 310 and down 5 in oil to 231. Diversified Gas & Oil DGO announces that the Company’s bank lending group, led by KeyBank National Association, has completed the semi-annual redetermination of the Company’s senior secured credit facility and reaffirmed the existing ...

Oil price, BPC, Echo.

Oil rallied again as another vaccine was announced to the market. In the meantime the Opec JTC met and stated that October saw 96% compliance ahead of today's JMMC meeting which will advise the main meetings at the end of the month. Bahamas Petroleum are geeing up the market ahead of Perseverance#1 which surely wont need any more publicity. Finally Echo update the market on their VAT position in Argentina.

17 November 2020|Categories: Daily Blog|Tags: , |1 Comment

Oil price, President, Block, Helium One. And finally…

Oil rose sharply last week as the markets went to risk-on after the vaccine news and potentially more positive news from Opec+ and maybe even Brexit...Block announce operational progress in Georgia and more success at new exploration well EVN-x1 is announced by President  this morning. Helium One confirms stories about a £6m raise and amalgamation with Attis Oil & Gas Limited and Proposed Admission to AIM.

16 November 2020|Categories: Daily Blog|Tags: , , |0 Comments
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