Oil is up a couple of dollars today and with WTI expiring tonight and Opec meeting on Sunday there is much to look out for and in Thanksgiving week as well. The dollar remains weak and the holiday on Thursday will create some window dressing. Today I take a quick look at Arrow who are beneficiaries of a Royalty Tax ruling in Colombia and see how they are affected. Finally a disappointment for Trinity who have had problems at the Jacobin well.
Oil is easier again today as speculators took money off the table after the combination of poor inventory stats and economic malaise in China. Today DEC announced that they would be getting a listing in the US but not with a raise to go with it. Arrow has had another very decent discovery at RCE-6 and the drill bit spins again at the 7 well and at Oso Pardo. Finally I comment on Touchstone after the results and the presentation yesterday, all is looking extremely positive for TXP.
Oil is up another dollar and a half today as Sleepy Joe visits Israel. Arrow announce huge exercises of warrants and the most recent well spud. Zephyr update on the Paradox and a fam-in and UJO and EOG announce that Wressle work is nearly done.
Malcolm is joined again by Marshall Abbott, CEO of Arrow Exploration, to cover the company's recent announcements and future plans.
Today's flash bog covers Arrow who are moving fast in their drilling programme in Colombia and Scirocco who note an extension of the Ruvuma longstop date. Also Longboat announce production ant Statfjord Ost and Star make a move in geothermal energy in Croatia, yup, Croatia...
Flash blog covering Arrow, SDX, Deltic and Ithaca.
Malcolm is joined by Marshall Abbott, CEO of Arrow Exploration. Marshall talks us through an overview of the company, as well as future plans.
IOG has a reserves and resources review out today and Arrow a spectacular start to the drilling campaign which Longboat are relinquishing a licence before applying for the same one again.
An exciting update from Arrow Exploration where all is on to meet the 3,000 b/d target production.
Oil is quiet ahead of the Opec meeting which has just started. PetroTal has a huge increase in year end reserves and Zephyr pay the first stage of the shares for the recent acquisition. Arrow issue a very upbeat update, they have10 wells and seismic on the way this spring and Savannah have a high quality NED.