Category: Flash Blog

Genel Energy, Premier Oil and Diversified Gas & Oil

An AGM statement today from Genel where operations are clearly going very well: total net WI production is 37,600 bopd running slightly ahead of the expected increase in y/y production. Very little to add for Premier at today’s AGM, operationally all is going well, indeed with production of 80.1 kboed the company has seen fit to up its guidance to 75-80 kboed. Today’s update from Diversified Gas & Oil shows Q1 production of 69/- b/d in line with the year end and April production of 70/- b/d.

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Chariot, Genel, VOG

Chariot have had further good news from Lixus today, the new CPR adding more to its potential and the shares are undervalued with 4p of cash not to be forgotten. CEO of Genel Bill Higgs has bought 35/- shares in the market which we like and VOG have a very positive 1Q update.

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Aminex,Genel, Predator

Aminex are fighting hard to get back into favour and the current plan looks most interesting. Genel has let its Bina Bali and eventually it’s Miran licences-will also lapse and will be renegotiated on updated and agreeable terms. Finally Predator is firing on all cylinders in Morocco, Trinidad and in Ireland.

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Hurricane, Trinity, Hunting, Serica, Enteq

Hurricane has spudded the first of three wells in the Greater Warwick area, carried by Spirit. Trinity has an update which follows fast on the results statement but draws attention to the potential of the HAW rollout. Hunting are very much in line, still all guns blazing (!) in the onshore US but still slow offshore. Finally diehard followers of Enteq get a bit of good news, trading is buoyant.

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Eco Atlantic Oil & Gas

Flash blog today after a successful raise by Eco Atlantic of £12.9m which was well oversubscribed and at a very tight discount, let the drilling commence.

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Trinity, Rockhopper, Pantheon

Good results from Trinity this morning and I had a very positive meeting with the board afterwards. Rockhopper has made great strides forward with regards to Sea Lion and shareholders can genuinely get excited about progress to development stage. Finally Pantheon has had a major disappointment in Alaska with both secondary targets being either water wet or not worth testing, two dusters leaving only the modest Brookian to try and become commercial.

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Coro/Ophir, Savannah, Amerisur, Genel, Aminex,

Coro/Ophir You get one bid for Ophir and three come along (albeit I am aware that the last two were ‘indications ‘ ) rather proving that there was more interest in the company that even its own board had imagined.

Genel Energy, Hurricane Energy

Genel Energy Genel has announced a very strong set of results, as expected with the ongoing and material cash flows visible throughout the year. This cash flow has sufficient strength to invest in the opportunities in the portfolio, some of

Predator/Columbus

On the road again today but couldn’t avoid seeing the excellent news from Predator Oil & Gas with respect to their CO2 EOR project in Trinidad.

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Sound, Premier,

Sound keeping shareholders up to date with the Morocco GSA today and Premier results, not much new to add to trading statement but operationally going well.

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