Daily Blog Archive

Oil price, Egdon/Union Jack – And finally…

Oil ended up firmly last week as inventories fell, the Middle East flared up and Tropical Storm Barry hit the GoM. Today Lekoil deliver an update, fairly news-lite and Egdon and Union Jack find oil at Biscathorpe which had seemed dry.

Tagged with: ,

Oil price, Hurricane Energy – And finally…

Oil will end up on the week with substantial stock draws and continued volatility in the Middle East. Today I report back from the Hurricane Energy Capital Markets Day held yesterday which went a long way to convincing the market about the Lancaster EPS.

Tagged with:

Oil price, Wentworth Resources – And finally…

Oil was quiet yesterday but the API stats showed a draw of 8.1m barrels after the close so this morning Brent is around $65. Wentworth Resources has announced that it is planning a dividend from the FCF from Mnazi Bay which should give the stock a yield of between 5-8% which is good news for shareholders.

Tagged with:

Oil price, Chariot, Infrastrata – And finally…

Mixed news on oil but balance may be on the upside with stocks coming down and political risk rising again. Chariot have an AGM statement which should please those in the audience as it gives a good overview of the importance of the Lixus licence and its discovered gas. Infrastrata have entered into an agreement to potentially buy an offshore gas project at Barrow-in-Furness but have yet to FID Islandmagee.

Tagged with: ,

Oil price, Predator, VOG, SDX, Gulf Keystone – And finally…

Oil is quiet and after a modest fall last week traders are uncertain which way to go, with production cuts or GDP cuts? Predator has announced that Ram Head, its Celtic Sea gas discovery will now look more interesting after the Irish govt decided not to proceed with the Climate Emergency Bill. VOG updated by just a few days and are also getting paid, GKP are buying shares back and SDX are sort-of on time with South Disouq…

Tagged with: , , ,

Oil price, Eco Atlantic, Gulf Keystone, IGas, Petro Matad -And finally…

July 4th meant very little trade, WTI was shut and Brent drifted. Today I’m talking about Eco Atlantic who have spudded offshore Guyana, Gulf Keystone who have paid a divvi today, IGas who announced further conventional activity yesterday and a report on a meeting with Petro Matad CEO Mike Buck.

Tagged with: , , ,

Oil price, PetroTal Corp, Predator Oil & Gas

Oil prices rallied ahead of the Independence Day holiday in thin trade, EIA stats were not as good as the API but the market was in holiday mood. I initiate coverage on PetroTal Corp where I met CFO Greg Smith recently and find the story having significant potential. Finally Predator has good news from Trinidad where the CEC is issued and work is ready to get under way.

Tagged with: ,

Oil price, Columbus, AAOG, Infrastrata, Gulfsands – And finally

After the Lord Mayors show, with the Opec+ finally announcing the continuation of production cuts the market has moved on and now worries more about falling growth in manufacturing around the world. I write up Columbus Energy after a new presentation by CEO Leo Koot at last weeks AGM and the autumn looks highly promising. AAOG has raised money again with a few bells and whistles but if it goes ok they will have £8.25m to spend on recovering oil from the Djeno. Finally Infrastrata announce that they still in equity and debt discussions for funding and today is the last day of the auction for Gulfsands shares for another quarter.

Tagged with: , , ,

Oil price, Reabold Resources, Independent Oil & Gas And finally…

After a buoyant start oil drifted yesterday, maybe economic growth is beginning to get into a few models. Reabold Resources has raised £2.65m for ‘further strategic investment’, i think they need to get some more value into West Newton. And IOG talk about the Harvey well which spuds this month and their farm-out timetable.

Tagged with: ,

Oil price, Hurricane, RockRose, Lekoil, Block And finally…

Oil is strong this morning after the G20 meeting saw favourable trade news and an agreement between Putin and MbS ahead of today’s Opec+ meeting, both Brent and WTI are up around $1.50. Hurricane announce that the Warwick Deep well is P&A’d as although they found an oil column it did not flow at commercial rates. Much more info to get from the data and two more wells this year and three next year means it is far from over at GWA. RockRose announce the completion of the Marathon deal and the shares should be back in a fortnight. Block have rented some oil storage and can get back up and running within a week and Lekoil has cut a deal with Schlumberger and an unnamed major.

Tagged with: , , ,
Top