Oil price, Genel, Aminex. And finally…
Oil has rallied this morning after a fall yesterday on the EIA report and the API stats which were of no use at all. Today Genel announces receipts from the KRG and Aminex updates on Ruvuma.
Oil has rallied this morning after a fall yesterday on the EIA report and the API stats which were of no use at all. Today Genel announces receipts from the KRG and Aminex updates on Ruvuma.
Oil is steady after a wobble yesterday caused by vaccine mess ups from the EU and Biden taking an anti Saudi stance., Zephyr has update from 16-2 in a very positive manner with hydrocarbons at all levels. And Aminex get rid of the CEO and another NED and go into dormant stance.
WTI $42.42 +52c, Brent $44.96 +76c, Diff -$2.54 +8c, NG $2.65 +6c Oil price Another good week making one believe that there are indeed better opportunities should the current good ...
Oil will be flat on the week after a reasonable day yesterday and a modest rise so far today. Still no signs of a stimulus but maybe its a Nov 4th rally...Aminex has announced the completion of the Ruvuma farm-out with all that entails and Scirocco have noted it with all that it means to them. Finally from yesterday further good news for Zephyr as the get the first Government payment for the Paradox well and have hired a very experienced drilling manager.
WTI $40.83 -5c, Brent $42.62 -31c, Diff -$1.79 -26c, NG $2.80 +2c Oil price A very modest fall yesterday, today it's a small rise but no massive direction from the ...
Oil fell yesterday on well known supply problems, Libya, Norway and Delta to name but three. Today its a little better but I'm not sure the inventory numbers will help much this week unless they are really good. Sound has had its Sidi Moktar permits extended by 24 months without any changes to its committed work programme. Aminex has announced that the Tanzanian Government has given approval for the farm-out and whilst the company are sensibly waiting for completion before commenting. It's also good news for Solo as they can continue to pursue their gas strategy. Finally another huge estimate from Pantheon, if this lot comes in it will burn down many barns...
Oil fell as Libya started to up production and Covid cases increased worldwide. The API stats were better than expected with a small crude draw and a build in gasoline and draw in distillates. Another RNS from BPC shows that much is going on, PetroTal have restarted from the Bretana Field and Predator report interims. Aminex are clinging on in Tanzania with a last extension of the longstop date and Echo have interims today. VOG and others yet to come...
Oil is very slightly weaker today as Laura, now a Tropical Storm moves away from Texas and Louisiana. UOG has placed the Rockhopper stake with institutions and one private investor. Aminex has had to ask for another long stop date for the Ruvuma farm-out as it has yet to be signed...
The oil price is up again as backwardation rears its pretty head...Aminex takes a huge step towards Farm-out in Tanzania with the Tax Clearance Certificate headed to the Ministry. Rockhopper have made significant cuts in the corporate overheads of c.30% on 2019 led by executive directors pay cuts. And in Argentina the Government has fixed the price that refiners pay producers for crude oil at $45 which with decent demand from the ending of the virus lock-down should be beneficial.
Oil continues to rally and with June WTO expiry tomorrow all is calm... I look at Aminex after watching an interview with new CEO Robert Ambrose and speak to him myself this morning. DGO achieve their Main Market listing justifying the great progress they have made and with a 13% yield it still looks very cheap.