Daily Blog Archive

Oil price, Reabold, Eco Atlantic, Ophir, Touchstone And finally…

A rally in crude as China starts to ‘stabilise’ its economy. For RBD and Upland a disappointment as the Wick exploration well was dry and from yesterday a comment on Ophir and Touchstone.

Tagged with: , , ,

Oil price, SDX, Ophir, Premier, Rose Petroleum And finally…

The nine day rally in the oil price ended on Friday not before chalking up some decent gains. SDX has announced an update from Egypt this morning where news from South Ramadan looks positive but needs testing to establish flow characteristics, at South Disouq post development agreement work is progressing fast to enable first production this half. Ophir have rejected the 48.5p ‘bid’ from PT Medco which technically is not a bid yet. The Sunday Times suggests that Premier might raise equity of $1.5bn to buy Chevron assets, what are they smoking?

Tagged with: , , ,

Oil price, Rose, Range, Wentworth, Zenith, Jadestone, Savannah And finally…

9 days up for crude and with another 50 cents this morning the best part of 20% off the bottom. Rose have announced some additional acreage in the Paradox Basin adding to their handy portfolio and Range have found an Aussie NED and are re-quoted this morning. Wentworth had a fantastic 4Q and are knocking the lights out in Tanzania, what’s next for newish CEO Eskil Jersing? And Zenith raise money in Vienna as part of the non-equity dilutive funding and Jadestone re-start Montara. A good con call and new presentation from Savannah on the website today.

Tagged with: , , , , ,

Oil price, Premier, PetroMatad, Angus, Aminex And finally…

Another good day yesterday in the oil market although some has been given back this morning after inventory figures disappointed. Premier come in with another cracking operational statement and have cut the debt by more than expected. Petro Matad announce some of their plans for 2019 drilling and Angus Energy receives a very odd letter in the post. Finally Aminex have beefed up the board and its advisors, hopefully a sign of things to come.

Tagged with: , , ,

Oil price, President, SOCO, Echo, Columbus, Faroe And finally…

The oil price remains firm and this morning is challenging important levels. President has again given a blockbuster statement with more to come this year whilst SOCO’s update was good, i like the Egypt acquisition. Echo are on site fraccing in Argentina and Columbus are making steady progress towards their Latin American targets. Finally Faroe has gone as DNO up the offer and buy up shares in the market, it’s the market’s view but so short term it’s almost indefensible…

Tagged with: , , , ,

Oil price, Independent Oil & Gas, Zenith Energy And finally…

More gains for oil as production falls and stocks begin to erode at Cushing. IOG have added the Goddard discovery to their SNS core project which makes it even more interesting and I cover Zenith that i couldnt fit in yesterday.

Oil price, Sound, Rose, Ophir, Hurricane, Savannah And finally…

Oil continues to move up, geopolitical worries in Nigeria and Gabon, and the chance of trade talks working between the USA and China. Sound Energy appear to have left the doldrums after more good news from Morocco and Rose Petroleum have published a positive study from Schlumberger. Hurricane say there’s no panic about the Aoka Mizu just waiting for a weather window and Savannah have a retail investor conference call on thursday morning.

Tagged with: , , , ,

Oil price, Jadestone, IOG And finally…

Oil has had a good week, if it holds the price right now it will be up 9.6% on the week as signs of production cuts hit the market. Jadestone Energy who impressed me lately stand by to bring the Montara field in Australia back on and IOG are unaffected by the FCA action into London Capital & Finance.

Tagged with: ,

Oil price, Rockhopper, Reabold, Getech, Faroe And finally…

Oil finished up but having been up $3 the end was a disappointment. Rockhopper has a good update this morning and Reabold have had another discovery in the USA. Getech have beaten off the difficult conditions to land a monster order to a leading oil and gas company, well done to them.

Tagged with: , , ,

Oil price, Amerisur, VOG, Faroe, RockRose,Ophir And finally…

The oil price finished the year down 19% in Brent and 25% in WTI terms as world markets worry about China, either its economy or dispute with the USA over tariffs. AMER has announced a substantial discovery with ONGC which will prove very valuable, and the VOG recovery continues with final approvals for the vast Matanda block. Faroe has provided a very strong defence in its valuation document and RockRose has also provided substantial year end numbers. Finally as the oil price remains low, another bid appears in the sector this time for Ophir Energy.

Tagged with: , , , ,
Top