Oil price, Arrow, Trinity. And finally…

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.

2023-11-20T18:03:32+00:0020 November 2023|Categories: Daily Blog|Tags: , |0 Comments

Oil price, DEC, Arrow, Touchstone. And finally…

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 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