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

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.

2023-02-01T15:48:36+00:001 February 2023|Categories: Daily Blog|Tags: , , , |0 Comments

Oil price, San Leon, Challenger, Arrow, Jadestone, COPL. And finally…

Oil drifted on the last day of what has been a very good month and traders locked in profits. An update from Arrow was excellent and in line with guidance and San Leon have slightly extended the backstop date for the OML18 financing and Challenger update the market on a wet quarter. Finally Jadestone complete the acquisition from BP and COPL also update the market..

Oil price, PetroTal, Arrow, Scirocco, Block, Angus. And finally…

Oil is falling on the demand crisis with agencies cutting numbers but it makes sense to do what Opec+ did. A good Q3 update from PetroTal and whilst production was down a bit the outlook is very positive. Arrow continue to deliver the goods and will get better. Scirocco report good news from its EAG investment and Block slightly disappoints. Yesterday Angus upped the game some more with further good flow rates and looks set fair to me.

2022-10-13T16:33:50+01:0013 October 2022|Categories: Daily Blog|Tags: , , , , |0 Comments

Oil price, Genel, Savannah, Touchstone, Eco, CEG, Petro Matad, Arrow. And finally…

Oil rose on Friday but WTI was down on the week, Brent unchanged. Nothing different at the moment, Libya is back down to 100/- odd b/d if that. Today Genel announce KRG payments and Savannah start gas sales to Axxela and Touchstone updates the market on COHO and Cascadura. Arrow have another success in Colombia and Eco Atlantic have raised money in Africa to top up their stake in 3/B and 4/B. Challenger note a scoop on Friday re Uruguay and results from Petro Matad show a positive situation after a terrible year or two.

Oil price, Savannah, DEC, UJO/Egdon, Rockhopper, Arrow, Echo, UOG. And finally…

With US markets closed due to Memorial Day today is pretty irrelevant, last week oil was pretty good as a supply shortage, particularly in products pushed oil up sharply. Today DEC announce a good piece of securitisation work giving scope for future deals, Egdon and Union Jack celebrate FDP approval at Wressle, Rockhopper results, Arrow bring on RCE-2, Echo update from Argentina and UOG may have a duster in Egypt, more testing needed. And Savannah announced late on Friday a renewable deal in Chad.

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