Oil price, Touchstone, Prospex, Block, Trinity. And finally…

Oil should be modestly up on the week not something you might have thought on Wednesday. Touchstone has 2Q results and an operational update. Prospex have found a legal technicality as a number of shareholders attempt to unseat the board and Block, in a similar situation have appointed Jeremy Asher to the board...Finally, after the tragic death of Chairman Bruce Dingwall Trinity reshuffles, no surprises in these appointments.

Oil price, Kistos, Serica, Zephyr, President, Block, SDX. And finally…

Oil is staying put with Brent at $75+ and WTI at $74+ with the agencies all scheduled to report and likely to firm up demand numbers I suspect. Kistos has started its life very strongly and updates today and ever solid Serica shows good results from its Columbus development well. Zephyr has got under way with the State 16-2-LN-CC well and also some non-dilutive funding for additional data acquisition. President has an operational update as does Block and SDX announced a successful well in Egypt.

Oil price, Petro Matad, Coro, Hurricane, Block/Scirocco, Getech. And finally…

Oil is already making back the losses when yesterday people wrote off Opec, something to do very carefully and not by me, at the moment anyway. Petro Matad has received its exploitation licence in Block XX and Coro seems to have done a very smart deal with ion. Hurricane has completed the Lincoln obligation well and Getech is looking at Hydrogen. Finally it seems that some Block shareholders are not looking at their own board but others, not a wise move if you ask me.

Oil price, DEC, Challenger, Eco Atlantic, Block. And finally…

Opec + is now not going to meet today and in the absence of any further meetings in the diary we are in fall-back mode which if my synopsis is correct does not allow for an increase in production. Diversified keeps doing deals and they keep getting better, now Oaktree are on board as well. Challenger announce that Saffron-2 is at TD and now ready for logging and production on July 23rd whilst Eco have had a dry hole on Jabillo-1. Finally more shenanigans at Block where there now has been a request for a General Meeting to try and remove the Chairman.

Oil price, Scirocco, Chariot, President, Block. And finally…

The Opec+ meeting is underway and with all in their favour the outlook is bound to be good one way or another. Scirocco are happy with the way things are looking in Tanzania and Chariot have appointed a new but well known to them drilling Manager. President has detailed the spin off of Atome and Block seem to be not worrying about a 44% vote against the Chairman at their AGM.

2021-07-01T13:35:56+01:001 July 2021|Categories: Daily Blog|Tags: , , , |0 Comments

Oil price, Challenger, San Leon, Zephyr, Block, Hurricane. And finally…

Oil was a little better after a good set of EIA stats but has drifted a bit today. Zephyr are powering away at the 16-2LN-CC well with latest permissions, Challenger reports again from Saffron and San Leon ups the investment in OML 18 infrastructure. Block has spudded the WR-B1 well in Georgia and yesterday Hurricane said that the judgement has been reserved.

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