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.
Oil gained from inventory stats and pleasing data from the EIA on domestic production. BPC have issued a detailed presentation with a first exciting glimpse of life after CERP. With a decent portfolio of high return exploration as well as a developing asset base the shares should have risen, not fallen.
Very quiet on the oil front yesterday, today it is drifting with markets coming off yesterday's highs.
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.