Oil is unchanged today after settling down post the inventory stats. Today, Zephyr announce production from the Williston ahead of Paradox drilling whilst Hunting unveil very good figures. Finally after further drilling problems Beacon have raised money to drill a side-track in Germany.
Oil fell last week with interest rate worries leading the charge. Today DEC announces the circular for the tender offer to the shareholders for dividend options. Also JOG and Serica announce the completion of the farm-in by SQZ into the GBA. Finally i3 update the market with production in line with guidance.
The Scirocco board are making it clear to shareholders that it is not just a closing down sale for the company, there are opportunities to continue with 're-tasking' the company which will be put to shareholders in due course. At Coro and Empyrean the approval is a massive plus for the companies.
With the US closed for Presidents Day yesterday there was no trade in WTI or USNG, today markets remain quiet. I look at an interesting move by Kistos on gas storage and from Arrow with the drill bit in Colombia. Finally Predator have had technical issues but continue in Morocco.
Oil fell sharply on poor inventory stats, way higher crude builds than the whisper. DEC has announced a number of dividend options for shareholders to try and rally the share price and Ithaca has issued a very good trading update. Finally Tower has raised money to pay down debt, not for the first time.
A third up day after an up week but the market is actually very quiet, API stats mixed ahead of the EIA numbers today. Zephyr are on the move at the Paradox after final permitting and PetroTal announces its dividend. Europa get an extension at Cloughton and Jadestone complete on CWLH whilst I update on Deltic after talking to CEO Graham Swindells.
The awful US inflation numbers today have sabotaged markets expecting somewhat more benign price increases. Oil is up slightly as I write. Kistos have updated on the Balder field which looks promising on all fronts and Union Jack are moving swiftly in the USA. And Jadestone are looking at some prime parts of Woodside...