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

Blog archive

Oil price, Genel, Kistos, Far, Sound Energy, UOG. And finally…

Oil is up again today, the Opec report pushed back the demand rises but they are still overall positive for H2. The API stats showed a decent draw in crude but mixed in products. Genel has announced a useful bunch of payments from the KRG and Kistos has launched a PrimaryBid offer along with a placing and subscription. Far has received news that Remus Horizons has returned for a potential bid, the day before the deadline. Sound has done a crucial bondholders deal very important for operational development going forward. And UOG has announced 'material' upgrade to its Abu Sennan field reserves in Egypt.

14 April 2021|Categories: Daily Blog|Tags: , , , , |0 Comments

JOG, Coro.

Oil is still in the doldrums, trading in a narrow range whilst the vaccine rolls out but Covid is still rampant in some areas of the world. JOG has made an inspired call in their new NED, Les Thomas former CEO of Ithaca Energy with his detailed knowledge of the North Sea. And Coro have given an updated operational update following the recent acquisition of the Global Energy Partnership.

13 April 2021|Categories: Flash Blog|Tags: , |0 Comments

Oil price, IOG, Petro Matad, President, Touchstone, Empyrean. And finally…

Oil is very quiet still, IOG have started the drilling on Phase 1 in the SNS and Petro Matad are continuing their licence for exploitation application. President update on drilling, Touchstone have a success at Ortoire and Empyrean up the chances of success in China.

Oil price, DGO, Hurricane. And finally…

Slap bang in the middle of the current range, oil is limited to a large extent by the vaccine roll-out and also Opec+ production policy. DGOC's bankers have reaffirmed the existing terms of their credit facilities, here's hoping they use it. And after Hurricane's RNS yesterday I didn't see much that the market wasn't already aware of.

8 April 2021|Categories: Daily Blog|Tags: , |2 Comments

Oil price, PetroTal, JOG, IGas, Pharos. And finally…

Oil is quiet, the IMF brought out upbeat GDP figures which seem to support the Opec+ view on the 2nd half economic growth and the API showed crude inventories drawing by 2.6m barrels. PetroTal have had an upbeat statement and JOG has completed the last of the GBA asset deals. IGas have performed well in the conventional assets and Pharos have got a lot of good news to look forward to.

7 April 2021|Categories: Daily Blog|Tags: , , , |2 Comments
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