Oil price, Bahamas Petroleum, Coro/Empyrean, Block. And finally…

After another very good week the good news of the $900bn US deal has been trumped by the news that there is a new Covid variant and markets and commodities are in free fall as I write. BPC has spudded the Perseverance#1 well, one of the biggest wildcat wells for some time and Coro and Empyrean are moving forwards with the Mako Gas Project. Finally Block Energy looks like it has made another smart NED appointment.

2020-12-21T12:12:19+00:0021 December 2020|Categories: Daily Blog|Tags: , , , |0 Comments

Oil price, GKP, Serica, San Leon, Block.

The oil market has taken the Opec and IEA reports pretty well and Brent is $50.52 as I write. GKP has positively updated the market and will be producing at the top of guidance and hopefully might cut a deal with the KRG next year. Serica's operational update was also top notch, with 80% gas prices are high and production strong with upside in due course from 32nd Round licenses. San Leon announce that with regards to the Oza field in Nigeria there is a Covid-19 delay so completion is delayed until 'early in the new year'. Finally Block has hired what seems like a very smart NED...

2020-12-15T12:38:53+00:0015 December 2020|Categories: Daily Blog|Tags: , , , |2 Comments

Oil price, President, Block, Helium One. And finally…

Oil rose sharply last week as the markets went to risk-on after the vaccine news and potentially more positive news from Opec+ and maybe even Brexit...Block announce operational progress in Georgia and more success at new exploration well EVN-x1 is announced by President  this morning. Helium One confirms stories about a £6m raise and amalgamation with Attis Oil & Gas Limited and Proposed Admission to AIM.

2020-11-16T12:50:16+00:0016 November 2020|Categories: Daily Blog|Tags: , , |0 Comments

Oil price, Block, Angus, Hurricane, Reabold. And finally…

Oil is drifting, yesterday with positive inventory numbers the price should have risen but the virus and physical exports from Libya put the bear side eloquently. Today Block Energy has responded to a shareholder group by having an operational and corporate update. Yesterday Angus set in play a debt facility raise and a modest equity funding to stand alongside it, also Reabold had interims. Finally the Kerogen representatives on the Hurricane board have left, what that may mean is anybody's guess but not being on the board gives them more scope than otherwise....

2020-09-24T12:34:53+01:0024 September 2020|Categories: Daily Blog|Tags: , , , |4 Comments

Oil price, IGas, Premier, Block.

Oil has rallied for two days now despite mixed messages from the market. In company news IGas is making an interesting move into geothermal heat by taking over GT Energy for shares. Premier are now being forced to speak to other market players which is all they need at the moment. Finally another TR-1 from Block Energy makes one think that the pantomime season isn't far away...He's behind you........

2020-09-16T13:33:21+01:0016 September 2020|Categories: Daily Blog|Tags: , , |2 Comments

Oil price, Union Jack/Reabold, Premier, Block. And finally…

Oil remains very quiet, a modest warning from the Opec meeting to keep production under control. The West Newton partners announce that the operator has submitted screening requests for two new potential hydrocarbon well sites with substantial potential. And Premier has put together an imaginative and bold refinancing offer in order to finally see the end to the debt pile it has been labouring under.

2020-08-20T16:19:26+01:0020 August 2020|Categories: Daily Blog|Tags: , , , |2 Comments

Oil price, PetroTal, Block, Reabold And finally…

Oil drifted on inventory news but has rallied a bit this morning as Opec committees meet. PetroTal notes that it has completed the recent placing and adds detail to the structure of the Petroperu deal. Block Energy say that Georgia is opening up and that the EPF has arrived from Canada. Reabold also say that Romania is also easing down and the mobilisation of the testing rig is under way.

2020-06-18T14:05:55+01:0018 June 2020|Categories: Daily Blog|Tags: , , |0 Comments
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