Oil is mixed but relatively based, company wise Amerisur have another substantial rise in reserves and should be higher. RockRose have bid for IOG, easier than farming-in I suppose with a 20p offer. All change at VOG as a substantial raise and change of management signals a new, brighter future and Soco admit they also bid for Ophir but their all-paper offer was not good enough. Finally Jadestone Energy have given guidance which sets them off on a substantial voyage of discovery, worth being aboard.
The updated Bucket List, widely differing performances but I remain confident about the picks in the main.
Tagged with: Amerisur Resources
, Echo Energy
, Eco Atlantic Oil & Gas
, FAR Ltd
, Genel Energy
, Hurricane Energy
, Jersey Oil & Gas.
, President Energy
, Reabold Resources
, Rockhopper Exploration
, Savannah Petroleum
, SDX Energy
, Serica Energy
, Sound Energy
, Trinity Exploration & Production
, Victoria Oil & Gas
Malcy talks about the following stocks: Coro Energy (CORO), Solo Oil & Gas (SOLO), Aminex (AEX), Genel Energy (GENL), SDX Energy (SDX), Savannah Petroleum (SAVP), Amerisur Resources (AMER), President Energy (PPC), Anglo-African Oil & Gas (AAOG)
Oil prices drifted off but remains pretty solid, Opec+ production is falling. The Wressle partners are back submitting yet another planning appeal although what N Lincs council will do is anyone’s guess. Savannah Petroleum has signed the Seven Energy Implementation agreement, not long now before completion…Amerisur spuds the second well off the Indico pad and watch an incredible interview with John Wardle on the link today. Genel also proving that there is life at Taq Taq with TT-32 and the horizontal TT-20z due to complete this month. Finally good news at Aminex where the excellent John Bell takes over as Chairman.
Today Malcolm is joined by John Wardle, CEO of Amerisur Resources.
Flash blog today but Amerisur just keep on delivering and today is no exception. Cairn are strongly placed but have the spectre of the Indian international arbitration hanging over them, but they appear very confident on this front.
Today Malcy talks about the following stocks: Faroe Petroleum (FPM), Ophir Energy (OPHR), SDX Energy (SDX), President Energy (PPC), Amerisur Resources (AMER) and Premier Oil (PMO)
Malcy talks about the following stocks: Sound Energy (SOU), Amerisur Resources (AMER), Faroe Petroleum (FPM), Ophir Resources (OPHR), Aminex (AEX), Victoria Oil & Gas (VOG), Pantheon Resources (PANR), Anglo African Oil & Gas (AAOG) and Rose Petoleum (ROSE)
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.
Amerisur and Gulfsands have completed their deal in PUT 14 which looks good from both sides. Ophir are in the last chance saloon in Equatorial Guinea, Cabot are in financial dire straits and I take a look at the latest Faroe defence document.