Oil price, Longboat, UOG, Prospex, And finally…

Oil was up on the week and gas up by 11% in the US. Longboat announces that it is on track to spud the Egyptian Vulture prospect where they have 15% and plenty more to come. A solid trading statement from UOG and a change at Prospex where CEO Ed Dawson is moved on to be replaced by ex IOG chief Mark Routh.

2021-07-26T12:40:52+01:0026 July 2021|Categories: Daily Blog|Tags: , , |0 Comments

Oil price, Union Jack/Reabold, Pharos, Wentworth, Harbour. And finally…

Oil rallied yesterday and is better again today. Union Jack and Reabold have little say about west Newton, just yet and Pharos looks better in Vietnam. Wentworth have a new NED and Harbour have two profit warnings today on run of the mill operational matters.

Oil price, Kistos, PetroTal, Predator. And finally…

Oil crashed yesterday as world markets headed south on worries about Covid stats and economic growth and some thought that Opec+ would collapse after increasing baseline numbers. Kistos are on the way with their exciting drilling programme and hope to convert 2C into 2P. PetroTal have announced a very good operating update and looks better going forward and Predator had a raise yesterday to build on the recent successful well in Morocco.

2021-07-20T13:55:48+01:0020 July 2021|Categories: Daily Blog|Tags: , , |0 Comments

Oil price, IOG, Union Jack/Egdon, UOG, Trinity. And finally…

Oil has drifted back to the lower end of its current trading range, but now with the Opec+ meeting wrapped up there is no reason to think it will fall much further. IOG report on their Elgood development well and whilst it had some difficulties it has done the job and now moves on to Blythe. Union Jack and Egdon have good news from Biscathorpe and UOG report from Abu Sennan. Finally Trinity have unveiled changes to the Galeota Block and its development.

Oil price, Kistos, Serica, Zephyr, President, Block, SDX. And finally…

Oil is staying put with Brent at $75+ and WTI at $74+ with the agencies all scheduled to report and likely to firm up demand numbers I suspect. Kistos has started its life very strongly and updates today and ever solid Serica shows good results from its Columbus development well. Zephyr has got under way with the State 16-2-LN-CC well and also some non-dilutive funding for additional data acquisition. President has an operational update as does Block and SDX announced a successful well in Egypt.

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