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Oil price, Afentra, Kistos/Serica, Gran Tierra.

Oil continues to drift, even after today's better than expected US CPI numbers markets rallied but not the oil price. Maybe as it's the monthly reporting time that is responsible but I'm convinced that underlying the bulls will out. Last night both Serica and Kistos walked away from hostile activity and will remain independent. Today sees the return of Afentra to the market following suspension after the Excellent deals in Angola and it looks to be very positive indeed and are seriously going places. Finally I caught up with Gran Tierra after figures on Monday.

2022-08-10T15:46:26+01:0010 August 2022|Categories: Daily Blog|Tags: , , , |0 Comments
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Oil price, CEG, Angus, Afentra, Hurricane, Predator, SDX. And finally…

Oil rallied after the dollar weakened as expectations of a 100bp rise in US rates next week were trimmed. Challenger update on Trinidad and Angus yesterday also updated on Saltfleetby. Predator have a detailed run through but it is Morocco that is of most interest in the next few months. Afentra look to have done a very smart deal topping up in Angola and Tenaz are having to rethink the SDX acquisition.

2022-07-19T15:26:30+01:0019 July 2022|Categories: Daily Blog|Tags: , , , , , |0 Comments
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Oil price, JOG, PetroTal, Afentra, Hurricane, Empyrean. And finally…

Not much going on on the oil front but gas is all over the place. An update and results from JOG who are in very good shape at the GBA. Figures and an update from PetroTal which is also in very good shape right now. Afentra reveal that they have bought interests with Sonangol which looks a cracker to me. Finally Hurricane report and looks cheap as chips. And Empyrean regrettably found out that jade was dry.

2022-04-28T17:03:22+01:0028 April 2022|Categories: Daily Blog|Tags: , , , , |0 Comments
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Oil price, DEC, Genel, Angus, Longboat, Afentra, Coro, Lamprell, UOG. And finally…

Oil was down last week and is now off another 3 bucks today. Ineos boss Sir Jim Ratcliffe make a very good case for fraccing in the Sunday Telegraph. DEC have published their sustainability report and Genel detail KRG sales and payments. Angus have done a small raise today, wise given the bidding timetable has overrun a bit. Afentra updates on Sonangol and Coro has signed up on a new deal in Vietnam. Longboat have spudded Cambozola it's one of the biggest gas prospects around. Lamprell, I just don't know what is going on, it seems like good progress in wind but oil & gas going well is up for sale. UOG has confirmed its sale in Italy to Prospex and is now well financed but needs to spend the money.

2022-04-11T12:22:01+01:0011 April 2022|Categories: Daily Blog|Tags: , , , , , , , |0 Comments
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Oil price, Jadestone, Coro, Afentra. And finally…

Oil rallied yesterday, partly due to reasons expressed here but also due to an unexpected outage in Libya. Jadestone has interims today and whilst have had some operational and political problems I'm confident that they will deliver the goods. Coro is under new management with deals changing its nature. Afentra's future is in front of it as they say but I'm confident Paul McDade is in a strong position.

2021-09-09T09:21:21+01:009 September 2021|Categories: Daily Blog|Tags: , , |0 Comments
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Disclaimer: Malcy’s Blog is provided for general information about the international oil and gas industry and the companies that operate within it. It does not constitute investment advice and Malcy does not buy or sell shares, warrants or bonds in any company written about within the blog. Information is taken from publicly available sources and any comment is that of the author who does not take any third party comment in the publication.
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