Oil price, Chariot, Angus, President, Echo. And finally…

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 price, Diversified Gas & Oil, Angus, And finally…..

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.

2021-01-27T14:31:46+00:0027 January 2021|Categories: Daily Blog|Tags: , |0 Comments

Oil price, Savannah, Zephyr, PetroTal, Angus. And finally…

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.

2021-01-25T13:09:13+00:0025 January 2021|Categories: Daily Blog|Tags: , , , |0 Comments

Oil price, Savannah, Angus, President.

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.

2020-12-22T13:27:22+00:0022 December 2020|Categories: Daily Blog|Tags: , , |0 Comments

Oil price, BPC, Rockhopper, Eco, Angus. And finally…

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 price, Block, Angus, Hurricane, Reabold. And finally…

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....

2020-09-24T12:34:53+01:0024 September 2020|Categories: Daily Blog|Tags: , , , |4 Comments

Oil price, PetroTal, BPC/CERP, Reabold, Angus, Redcliff Energy Advisors…And finally…

The oil price crashed yesterday as worries about economies and new virus cases panicked investors, things are better today as Chinese oil demand is confirmed and they have clearly been buying for SPR. I look at PetroTal where they have done a deal on potential liabilities and raised $18m. For Bahamas Petroleum they have decided to expand and are merging with Columbus Energy Resources. Reabold had results yesterday but all the news is since those numbers and RBD are very well placed. Finally Angus Energy have succeeded with the planners at Saltfleetby.

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