Blog archive
Oil price, Savannah, San Leon, Scirocco, Longboat. And finally…
The last day over the month and quarter has seen some window dressing as November Brent expires tonight. With companies competing to be the most in the last day of the reporting season Savannah, San Leon, Scirocco get in today along with an interview with Helge Hammer of Longboat. That leaves just the 16 to fit in tomorrow...why do they do it and how many will get in, and its a Friday remember...
Oil price, IOG, Predator, PetroTal, Hurricane, Serica, UJO. And finally…
Oil reached the top of the trading range and boiled over as is its wont. Today I look at Predator after the webcast yesterday and IOG have good news from the Blythe well and first gas on the horizon and at these prices...PetroTal have also had a really positive update from the Bretana field and are looking set very fair. Hurricane have updated but I think maybe should have shouted more from the treetops and yesterday Serica blew away the targets and are looking to have the Midas touch. Union Jack has added a new presentation and video on the website.
Predator Oil & Gas
Predator Oil & Gas An operations update from Predator ahead of its presentation to investors this afternoon. The company state that the MOU-1 well was successfully drilled and confirmed the pre-drill prognosis by validating a seismic amplitude anomaly covering an area of ‘at least 4 square kilometres. The findings were enough, with data from an analogous offset well from the Rharb Basin, to confirm that 6 zones within the primary target should be evaluated by a rigless well test. Further studies are taking place to determine the best size for perforating guns and the increased mud weight given the significantly over-pressured section. Thee experienced local team reputation very similar geological section to that of the Rharb Basin with evidence of gas over several hundred metres of gross section penetrated by the well. Upon the rigless testing it will be ascertained whether or not MOU-1 has the capability to flow gas at a sustained rate of at least 5 mm cfgpd. It is at this point that an initial CNG development becomes profitable for gas sales to industry at a price of $11/mcf which ignores any increase in the gas price that may result from the current Europen Energy crisis. Plans ...
Oil price, Challenger, Chariot, Prospex. And finally…
Oil powers forward after another good week and is now at the top of the trading range as we come to the end of the quarter. CEG has published detailed finals ahead of next months AGM and Chariot has made a move in green hydrogen in Mauritania. Finally Prospex assure the market that its Tesorillo exploration permit in Spain still goes ahead.
Oil price, Scirocco, Touchstone. And finally…
Another good day for oil which will end the week up after further inventory draws and lower floating stock levels. Scirocco notes that ARA has awarded a seismic gig to AGS at a lower than expected cost and Touchstone has another good well in the Ortoire Block in Trinidad.
Oil price, Union Jack, Chariot, Kistos, Rockhopper. And finally…
Oil rallied on more crude draws in the EIA stats. Union Jack have raised £3m to build out bigger production at Wressle, Chariot have signed with Halliburton for Lixus whilst IOG has raised £8.5m to fund future growth and 'fill the hopper'. Kistos says that the TAQA operated P15-D platform has resumed normal operations and Rockhopper are looking at Sea Lion again after Harbour withdrew from the project.
Oil price, JOG, IGas, Longboat, Advance, President. And finally…
Oil rallies in stock data and waits for the FOMC. Good progress from JOG at the GBA, IGas gets on with geothermal and hydrogen and Longboat at last have wells to talk about. Advance looks to be in a very strong position at Buffalo and President have an operating update.
Oil price, Union Jack, Egdon, EOG, UOG, Longboat.
Oil has rallied by around a dollar this morning after the markets felt that the Evergrande problem had been overdone. Today the FOMC policy meets for 2 days and the gas market continues to rocket. A really upbeat statement from Wressle today is good news for UJO, ERD and EOG some who add more to the statement. UOG updates on the ASX-1X well which has encountered 10m of pay, finally Longboat has spudded the Egyptian Vulture well.
Oil price, San Leon, IGas. And finally…
After last week's good performance oil is today suffering along with all international markets which are in freefall due primarily to Evergrande, a Chinese property company rumoured to be struggling to pay a scheduled debt repayment. San Leon has again agreed to a further extension of the CPW until the end of September 2021. And IGas are adding to the CeraPhi announcement last week by signing up with SSE for the development of a geothermal district heating project in the City of Stoke-on-Trent.
Sound Energy
Sound Energy figures today.