Oil price, Trinity, Echo, Far, President, Touchstone, Lamprell – And finally…

Oil has rallied for a number of reasons but Libya is getting pretty lively. Trinity have, as usual a very positive update across the board while Echo also seems to be becoming interesting at the Santa Cruz Sur. Far has gone ahead with its FID for Senegal and is now sorting out the financing which seems nearly all done. President has tapped Trafigura who are injecting money into this well run company and Lamprell confirms the two jackup orders. Finally Touchstone testing an oil play now have a 'liquids rich' structure.

Oil price, Genel, Lamprell – And finally…

Oil is unchanged after a flurry of reports and an unforgiving inventory report which whilst showing a decent crude draw also saw products rising. Today Genel updated the market, the company looks in a very strong position enjoying the delivery of projects funded by recent strong Free Cash Flow and yet being able to guaranty more capex and higher dividends. And Lamprell also updated the market in a slightly less inspiring manner...

2020-01-16T13:10:34+00:0016 January 2020|Categories: Daily Blog|Tags: , |0 Comments

Oil price, Far/Cairn, Tower, Coro – And finally…

Oil picked a notch yesterday, the EIA STEO has pedaled back a bit from previous US shale expectations. Far with Cairn have signed the FID and so the Sangomar field offshore Senegal is into Phase 1 development stage. Coro have signed up Nick Cooper as aNED, very wise and Tower has had another extension for the Thali PSC in Cameroon.

2020-01-15T11:28:44+00:0015 January 2020|Categories: Daily Blog|Tags: , , , |0 Comments

Oil price, Genel, Serica, RockRose – And finally…

Oil is back to being dull but don't rule out any further geopolitical trauma in the Gulf. Genel has announced very solid production from Kurdistan with more details due on Thursday proving that it is business as usual at the moment. Serica is doing extremely well and has given a cracking trading update today. Finally who could forget that it was only 4 years ago today that RockRose came into our lives.....

2020-01-14T11:39:05+00:0014 January 2020|Categories: Daily Blog|Tags: , , |2 Comments

Oil price, Sound, PetroTal, Falcon – and finally…

Oil drifted in the end last week, Iran shooting down a civil airline flight somewhat dented the passion against the Great Satan's. Sound Energy has continued to work though the EIA and sundry diligence for its work in Morocco and PetroTal Corp has yet again over-delivered against market expectations. Finally, Falcon Oil & Gas has had a minor operational delay which will be sorted by Origin sidetracking the well.

2020-01-13T12:36:48+00:0013 January 2020|Categories: Daily Blog|Tags: , , |4 Comments

Premier Oil, Rockhopper Exploration, RockRose Energy

Todays blog is dedicated to three of the best UK Companies in the sector. Premier have traded immaculately and have bought some assets off BP. Together with Rockhopper they have farmed-out a 30% interest in Sea Lion in the Falklands to Navitas which is very good for RKH as the farm-in strengthens the development considerably. And finally, RockRose continues to deliver the goods financially and operationally ,has almost all its share price in cash and is full of value.

Oil price, Echo, Genel, Nu-Oil, Reabold, Eco – And finally…

The headlines are obviously of the US taking out Qassem Soleimani thereby reigniting tensions in the Gulf and surrounding areas. Companies catching up on news include Echo who are perforating and stimulating at Tapi Aike and have spudded at CLix-1001. Genel have another excellent producer at TT-34 and are unlikely to be affected by current problems in the Middle East. NU-Oil has made a modest raise, much to come from that company this year whilst it is now positioning itself for the inevitable deal. Reabold have found oil and gas at West Brentwood and Eco (Atlantic) has light oil to the North and the South.