Crude oil was mixed with the US closed for Thanksgiving and only open half a day today. All eyes on next week's Opec+ meetings. BPC announce rising well costs due to the COVID-19 virus and how it will be handled and costs managed. I have interviewed Wentworth CEO Katherine Roe and the link is here today.
Oil rallied again as another vaccine was announced to the market. In the meantime the Opec JTC met and stated that October saw 96% compliance ahead of today's JMMC meeting which will advise the main meetings at the end of the month. Bahamas Petroleum are geeing up the market ahead of Perseverance#1 which surely wont need any more publicity. Finally Echo update the market on their VAT position in Argentina.
Oil rallied with good economic data from China and the USA but COVID cases still rise and US elections create uncertainty. Genel update in a very positive manner across the board. IOG have awarded the rig contract for the Core Project to Noble and BPC update on Trinidad and Tobago and Suriname. Finally Touchstone easily raised its £23m yesterday at a modest discount to the price, onwards and upwards.
Oil fell sharply again with the increase in virus numbers to blame. Today I look at VOG with results and update, and note a hopefully short delay at Barryroe....I also had a great opportunity to interview Simon Potter and Eytan Uliel at Bahamas Petroleum yesterday, the link is here.
Malcolm talks to Simon Potter, CEO and Eytan Uliel, Commercial Director of Bahamas Petroleum. Recent expansion has meant the firm moved from just one project to a slew of exploration ...
Oil is drifting and was around even on the week. Zephyr Energy has announced a raise of £2.25m which is more than enough to cover their costs of the dual use well in the Paradox Basin. I link to a Podcast with Total Market Solutions as part 1 of 2.
Oil spiked and is up again today, maybe seeing The President back but maybe due to a Norwegian oil workers strike and yet another hurricane on the way. Premier today announce that they have succumbed as they fall into Chrysaor's hands and Solo Oil have drawn down a bit of extra from the Prolific facility. Finally I catch up with BPC to talk about the recent raise and upcoming events.
Oil fell as Libya started to up production and Covid cases increased worldwide. The API stats were better than expected with a small crude draw and a build in gasoline and draw in distillates. Another RNS from BPC shows that much is going on, PetroTal have restarted from the Bretana Field and Predator report interims. Aminex are clinging on in Tanzania with a last extension of the longstop date and Echo have interims today. VOG and others yet to come...
Oil continues to drift but the mood music is very mixed, bears are not taking on the Saudis and demand whilst down is not out. Results from BPC are of no interest but the company is a changed beast and is now a full cycle oil & gas company with the potential huge upside of Perseverance#1.
Oil remains mixed, with tilting downside as virus numbers continue to rise. Genel has successfully completed the $300m bond issue and also had August money from the KRG. San Leon continue to show that its model is really working, buy this share and the yield might be 30%... BPC actually has a date to drill Perseverance#1 at Christmas and Jadestone has pushed back the Maari deal due to the General Election and Pantheon has some numbers from Talitha.