Last week oil continued its upwards progress by a bit more than a dollar even after the Brent September contract expired at the weekend. Angus has put out a comprehensive operations update which makes the progress achieved by the management this year very solid indeed. Jadestone has completed its Peninsular Malaysia assets of Sapura and UOG has had a success at its AJ-8 development well in Egypt.
Oil is comfortable as the second half demand is getting stronger and stronger with calls on Opec getting bigger. An excellent statement from Wentworth who are looking in very good nick indeed whilst Angus do a little housekeeping around the portfolio.
Oil continues to rise but is flat this morning, not really surprising given where it is at. Angus have updated on Saltfleetby this morning with much going on. And Lekoil have parted company with CEO Olalekan Akinyanmi w.i.e.
After the inflation worries on the street the dollar rose and oil has dipped today after another rise yesterday. The KRG has tinkered with the payment schedule, Genel remain very robust and of course the payment has only been deferred. GKP were also affected but have little to grumble about after declaring another $25m of divvi just today. Angus have finalised their Saltfleetby finance and Helium One have their EIA. A solid statement from IGas with geothermal back in the frame and Touchstone have Q1 results.
Oil was indeed almost flat on the week after the Suez crisis and the EU vaccine cock-up fought it out. Today it's more good news from Zephyr who are repaying faith with a placing and another deal. Angus also reveal more interest in their bond.
Oil is off a bit this morning but is up nearly $4 on the week, another good show for the asset class. Jadestone issue 2021 guidance and announce a return to investment and growth. And I interview George Lucan CEO of ANgus Energy.
After all the Hullabaloo oil was even last week, today however it has tipped upwards again. I look at Chariot who have signed a collaboration Agreement with Subsea Integration Alliance for Anchois. Angus Energy are positive after news that their loan has seen substantial subscription. President update on 2020 and give guidance for 2021 whilst Echo publish their bond restructuring details.
Oil is moving about depending on new moves from the White House, from Iran who are increasing production in the hope that Biden won't keep sanctions on and IMF GDP forecasts. Despite positive API stats oil has backed off a bit right now. A positive statement by DGO ahead of their figures shows the model working well and Angus has slipped in with a modest raise.
Oil pretty much unchanged last week, better GDP news from China was offset by more Covid cases there. Savannah have another very positive update and new 2021 guidance. Confidence from Zephyr and I'm not surprised as the upside is substantial. Angus are getting into the legal and corporate strokes on Saltfleetby.
Oil fell as the Covid variant panicked markets although the dollar remains weak. Savannah has updated the market on financials and operations, the company is in very good shape. Angus have raised £250,000 of equity and CEO George Lucan spoke to me about the company's prospects. President has announced a new treatment plant and updated on Paraguay.