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.
This week before Christmas Malcolm Graham-Wood discusses the year to date with George Lucan, CEO of Angus Energy and also looks ahead to what 2021 has in store for the ...
Oil had a good week, despite the US holidays it was up over $3 a barrel. Today all eyes are on the start of the two day Opec+ meeting with signs of an extension of the 2m b/d cut likely but equally pretty much in the price. BPC have signed the new Goudron EPSC in Trinidad an area where they hope to develop further production in-country. Rockhopper state that Navitas are still keen on the Sea Lion farm-in but there are some inevitable delays due to the Premier/Chrysaor situation. Eco Atlantic has done great work in Namibia where it has increased its already substantial portfolio and Angus has signed an MOU with Aleph Energy for a £12m funding for the Saltfleetby gas field.
Oil is drifting, yesterday with positive inventory numbers the price should have risen but the virus and physical exports from Libya put the bear side eloquently. Today Block Energy has responded to a shareholder group by having an operational and corporate update. Yesterday Angus set in play a debt facility raise and a modest equity funding to stand alongside it, also Reabold had interims. Finally the Kerogen representatives on the Hurricane board have left, what that may mean is anybody's guess but not being on the board gives them more scope than otherwise....