Thanksgiving Holidays make for thin volume and volatile markets ahead of Dec 6th. Amerisur reveal a significant farm-out to Occidental Andina in Colombia worth $93.25 accelerating their programme and franking value in the portfolio. Elsewhere Reabold announce plans to drill two wells in California and RockRose announce a 95.2% take up of their tender offer. Finally Infrastrata have completed their FEED early and on budget and now need to find the project funder and EPC contractor.
On the move today but very good news from AMER and Aminex announce that the farm-out is still progressing well, albeit at African pace. Solo will also benefit and I will be at investor evening tomorrow.m
Flash blog today covering exciting news from Rose who has secured approval for a well in the Paradox Basin in Utah. Genel are benefitting from further good news from Tawke and Amerisur indicate the long awaited Indico-1 well spud is imminent.
Malcy talks about the following stocks: President Energy (PPC), Echo Energy (ECHO), Sound Energy (SOU) and Amerisur Resources (AMER)
Flash blog written from London, Paris and Morocco today, apologies. I note that Sound have spudded TE-9 at Tendrara, the first spin of the bit for a while. Solid 3Q numbers from Trinity with much to look forward to from now on. And Amerisur confirms Indico-1 is imminent, has good production again, the T sands looks more promising and work continues at PUT’s 12 and 9, let alone news of Coendu.
Malcy talks about the following stocks: Amerisur Resources (AMER), Echo Energy (ECHO), Savannah Petroleum (SAVP), President Energy (PPC), Chariot Oil & Gas (CHAR) and i3 Energy (I3E)
Flash blog today, a welcome discovery from Amerisur in the T sand, good news from Echo in Argentina but a mixed report from Range albeit with longer term positives.
The oil price remains on an upward trajectory, mainly due to Iran although the President doesnt see it that way… I look at figures from President, unsurprisingly excellent and cover news yesterday from Amerisur, Rose and Zenith. Plus links to Podcast and an interview with Andrew Knott, CEO of Savannah Petroleum.
Another rise in the oil price, mainly on the inventory stats, Hurricane are moving inexorably towards first oil and Amerisur have a very good set of results. With Sound progressing in Morocco the autumn drilling is looking exciting and talking of exciting Total smash into Eco’s acreage in Guyana. and I take a look at the changes at Ophir where Alan Booth says that he is ‘no nightwatchman’.
Malcy discusses Empyrean #EME, Sound Energy #SOU, Reabold Resources #RBD, Amerisur Resources #AMER and Petro Matad #MATD