Blog Archive

Oil price, Aminex, RockRose, EDR, And finally…

Oil faded yesterday after a good start and has drifted a touch this morning. Aminex has a new NED in Robert Ambrose, a highly respected oilman. Yesterday I interviewed Andrew Austin, Executive Chairman of RockRose Energy which was important after the shares returned from suspension recently. We talked about the Marathon deal, other likely M&A opportunities and shareholder returns amongst many other things in a wide-ranging discussion. On Tuesday I spoke to Edward Bowen, CEO of currently unquoted EDR which has had an outstanding first year of trading.

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Core Finance interview: Andrew Austin of RockRose Energy

Malcolm talks to Andrew Austin, Executive Chairman of RockRose Energy.

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Genel, Columbus/Predator

Good news from Genel this morning as Chevron gets underway with the CPF at the Sarta field ahead of start-up next year. Columbus and Predator announce that work on the CO2 project has moved on successfully and EOR operations are significantly advanced.

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Core Finance CEO Interview: Edward Bowen of EDR Ltd

Malcolm talks to Edward Bowen, CEO of EDR Ltd, looking back on the company’s first year.

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Oil price, Columbus, Wentworth – And finally…

Oil prices remain at their lower level with usual tariff and growth worries. Columbus have interims but they are of little interest, all eyes are on the second half and drilling in the SW Peninsula. Yesterday Wentworth announced their maiden dividend giving them a yield of around 6.7%.

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Rose, Echo, Range

Rose has updated on management changes whilst Echo is making proper progress in Tapi Aike. Finally Range Resources has shot the lights out by selling their Trinidad assets to LandOcean for around $95m.

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Oil price, Hurricane, Petrofac, Hunting – And finally…

Oil boiled over on Friday as trade tariffs started to be put on although ending just in positive territory for the week. Today Hurricane give an update on the Lancaster EPS which is producing above guidance and where the Lincoln Crestal well is at TD preparing to do DSTs. From last week i look at results and meetings from Petrofac and Hunting both of which are performing well in challenging markets.

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Bucket list 6 month update.

Today is the interim Bucket List with a look at performance since February, the good the bad and the ugly and with two stocks dropping out to be replaced in the list.

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DGO, Reabold/Union Jack, PetroTal

On the move today will cover more later, in the meantime DGO confirms that the EdgeMarc Energy deal has been approved adding a modest but valuable portfolio to the company. Reabold and Union Jack have announced that testing at West Newton has resulted in what represents a potentially significant oil and gas discovery. This should be transformational for both companies. Finally PetroTal has 2Q figs but subsequent events are pushing the company fast forward with much more to come.

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Oil price, DGO, Eco Atlantic, Reabold, Solo, Jadestone, Providence – And finally…

Oil is all over the place with America and China playing diplomatic tennis and now appearing to be making friends again. Today, DGO buy a small but important stake in gas gathering systems and Eco Atlantic have spudded Joe-1. Reabold have potentially very exciting news from Romania and Solo Oil are about to update their corporate presentation. Jadestone trim the guidance, mainly for the weather to be fair but still look in good nick whilst Providence and Lansdowne have extended their backstop.

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