Blog archive
Flash blog:DEC, UOG, ECO, Longboat.
DEC report another excellent set of numbers and yielding 15% I expect good income and capital growth from here. United Oil & Gas is bringing onstream the better than expected ASH-8 and Eco Atlantic is starting to go forward in the Orange Basin. Longboat have results and Beacon Energy are appearing with a raise and acquisition.
Oil price, Zephyr, Wentworth, Egdon, Predator, Webinar, And finally…
Oil fell nearly 10% last week after the bank collapses maxed out the indices and commodities. Today I look at Zephyr who have started to test at the State well which will be exciting and Wentworth are trading just fine. Egdon looks good and Predator raised money for MOU-3 .
Flash blog: Genel, San Leon, UJO/Egdon/EOG, Hurricane, Scirocco.
Genel announce pretty good reserve numbers, a big pool for the company to work with. San Leon note Decklar shipment and pipeline numbers, must be good news and Union Jack, Egdon and Europa update Wressle, good numbers of course. Scirocco start the process of changing up the board and as for Hurricane, well it's not bad really...
Oil price, Sound, EOG, Reabold, i3. And finally…
No hiding place for oil as markets continue the meltdown with banks doing what they do best. Today Sound show that things are looking pretty good and Reabold are back in the spotlight with a 'possible bid'. i3 Energy announce their divvi and EOG replace the CEO with the CFO.
Oil price, San Leon, COPL. And finally…
Oil and markets are all over the place with banks failing and the CPI today being higher than expected. San Leon have noted arguments about the operatorship of OML 18 which will go legal. And COPL talk again about friendly financiers with the waiver.
Oil price, Arrow Exploration. And finally…
Oil was down last week after the worries over Jerome Powell's comments on the Hill but the aggression on rates has dissipated somewhat after the concerns over SVB and other banks. Today Arrow have delivered yet another successful well which was drilled quicky, cheaply and efficiently.
Oil price, PetroTal, Eco, GKP, Harbour. And finally…
Slightly more drift in oil as a follow up to Jay P's fit of the vapours but the inventory stats were better than expected, an actual draw in crude of 1.694 barrels when the spotty kids were expecting a build. PetroTal updated the market, after a dip, production will rise, debts are to be paid off and a return to shareholders is imminent. Eco Atlantic have been reading Africa Oil's homework but the CPR is very exciting-for both of them. GKP are revealing numbers from the KRG which include the new price formula and Harbour have reported results but are very angry indeed with the UK Government over the Looney Tax.
Oil price, Chariot, Zephyr, Challenger/Predator, Angus. And finally…
Oil tanked on the Fed news which hit markets hard but supported the greenback. Today Chariot announce that FEED for Anchois is finished and Zephyr say that flow testing the 36-2 well is imminent. Challenger and Predator have completed their deal and Angus record that the second compressor is up and running.
Oil price, San Leon, Afentra, EOG, SDX, Predator. And finally…
Oil has been steady, China is OK and stories from CERA Week are bullish. San Leon note Eroton has been removed from OML 18 as operator but shouldnt affect them. Afentra are nearly over the line in Angola and EOG point out that Ireland can provide its own gas with lower carbon than now whilst SDX have reconstituted the recent deal and Predator are applying for regulatory permissions ahead of MOU-1 testing.
Flash blog: Genel, IOG, Touchstone.
Genel announcing KRG oil sales and price details, IOG announce the spud of the Blythe well and Touchstone reveal a very strong reserves report.