Oil rallied, a weak dollar ahead of the Fed meeting helped. Gas is looking even tighter as Russia is cutting Nordstream 1 gas to 20% of capacity. Genel announce payments from the KRG, San Leon note that Decklar is looking to open up production, and Union Jack appoints new additional firepower. Rockhopper sees good news on Sea Lion, Advance raises money today.
Oil took a breather yesterday but is better today, Brent is up 92c and WTI 79c. Advance has announced board changes and cost reductions and ACP under Paul Welch has appeared today with its first day of dealings.
Oil stayed high last week but markets are panicking about recession ahead of the Fed meeting on Wednesday. A positive update from Savannah Energy and Advance say how disappointing Buffalo-10 was. Gulf Keystone have an operations update which is like the curates egg. SDX have spudded the second well at Meseda and Lamprell have a potentially large wind client.
Oil continues to rise and is heading to $90, looks good to me. Egdon as operator and Union Jack and Europa have had a great valuation for Wressle which more than franks the share prices. Longboat have been awarded a licence under the Norwegian APA licensing round. Finally Advance have announced that the Buffalo-10 well looks disappointing, they are still on site but the market doesn't like it...
Oil is still strong, this morning Brent is up another dollar and well over $85. Advance Energy keep the market updated on Buffalo.
In the latest CEO interview Malcy is joined by Leslie Peterkin to tell us more about the company.
2022 Bucket List.
Oil is up again and Advance update on their Buffalo well. Angus has received interest in all parts of its business and the board has started a potential sales process and SDX has started production at West Gharib.
Oil is very quiet at the moment and Brent expiry is putting a dampener on things. Plenty from Savannah who have completed the raise and have published its Admission Document following the Exxon Mobil and Petronas deals. IOG has spudded the Southwark well, Hunting has tidied up its North Sea stuff and Advance updates from the Buffalo project.
Up yesterday, whatever next? Today Advance see the mobilisation of the rig for Buffalo and Longboat sign up a rig for Copernicus. Finally Touchstone updates with regard to its loan in Trinidad.