It has been a bad week for crude oil but yesterday, and so far today, oil is rallying from the lows created by trade wars and grim EIA inventory stats. Amerisur seem to be moving fast with the FSP with a number of companies signed up and Providence and Lansdowne have the approval to get underway at Barryroe but so far no dosh to do it with. I catch up on Touchstone who spudded on the key Ortoire block and Block who are preparing for 38Z but all people want to know is the production rate on 16aZ…
Tag: Block Energy
Oil price, IOG, Block, Range, President -And finally…
A quiet end to the oil week but it will be an up week by around a dollar or so. Today IOG reveal their farm-out for their SNS Core Project to CalEnergy who have extracted some pretty good terms for their financing and IOG are having to restructure debt as well. Block have disappointed with flow rate at West Rustavi and Range Resources have dissed pre-school educashun and may be looking at Oil & Gas again, but where? Finally from yesterday when President announced a great offtake deal with Trafigura that pays down a fair amount of high interest debt.
Oil price, Hurricane, RockRose, Lekoil, Block And finally…
Oil is strong this morning after the G20 meeting saw favourable trade news and an agreement between Putin and MbS ahead of today’s Opec+ meeting, both Brent and WTI are up around $1.50. Hurricane announce that the Warwick Deep well is P&A’d as although they found an oil column it did not flow at commercial rates. Much more info to get from the data and two more wells this year and three next year means it is far from over at GWA. RockRose announce the completion of the Marathon deal and the shares should be back in a fortnight. Block have rented some oil storage and can get back up and running within a week and Lekoil has cut a deal with Schlumberger and an unnamed major.
VOX Markets podcast: Echo Energy, Rose Petroleum, Pantheon Resources, Jersey Oil & Gas, Reabold Resources, Amerisur Resources, SDX Energy, Falcon Oil & Gas, Block Energy and Egdon Resources
Today Malcy discusses Echo Energy (ECHO), Rose Petroleum (ROSE), Pantheon Resources (PANR), Jersey Oil & Gas (JOG), Reabold Resources (RBD), Amerisur Resources (AMER), SDX Energy (SDX), Falcon Oil & Gas (FOG), Block Energy (BLOE) and Egdon Resources (EDR)
Oil price, SDX, Falcon, Cairn, Wentworth, Empyrean, Block, Egdon, Lekoil/San Leon And finally…
Oil firm as the Saudis hit back at the Houthi rebels. SDX reduce guidance and lose CEO Paul Welch, at Falcon they raise a bit to top up for this year and next year existing carry. All in line at Cairn with no change in guidance or plans in development and exploration. Earlier this week Wentworth updated and all is going well, yesterday Block Energy raised £12m, a solid achievement given how fast they have moved and at Egdon they raised £2.17m. Empyrean has seen gas clouds at Topaz and Jade which CNOOC say is good news and Lisa Mitchell moves from Lekoil to San Leon…
Tagged with: Block Energy, Cairn Energy, Egdon Resources, Empyrean Energy, Falcon Oil & Gas, Lekoil, San Leon, SDX Energy, Wentworth Resources
Oil price, Jadestone, Block And finally…
Oil is drifting ahead of the holiday weekend but fundamentals remain positive. I spoke to Paul Haywood this morning about the ongoing great news from Block, more to come I suspect and Jadestone has figures but are meaningless.
VOX Markets podcast: Chariot Oil & Gas, Jersey Oil & Gas, Amerisur Resources, Hurricane Energy, Block Energy, Diversified Gas & Oil, Gulf Keystone Petroleum and Genel Energy
Today Malcy talks about the following stocks: Chariot Oil & Gas (CHAR), Jersey Oil & Gas (JOG), Amerisur Resources (AMER), Hurricane Energy (HUR), Block Energy (BLOE), Diversified Gas & Oil (DGOC), Gulf Keystone Petroleum (GKP) and Genel Energy (GENL).
Oil price, Block, Reabold, AAOG, Solo, GKP, And finally…
Oil stays strong in the new quarter which most agencies say will be tighter than the last in which oil rose by over 30%. Block Energy has a great result in Georgia as does Reabold at Monroe Swell. Anglo African have recovered 43° API Djeno oil to the surface at TLP-103c which must help confidence for flowing in due course and I comment on a meeting with the Solo Oil management and the GKP Capital Markets event.
VOX Markets podcast: Malcy on Sound Energy, SDX Energy, Union Jack Oil, Block Energy and Fronterra Resources
Today Malcolm discusses Sound Energy (SOU), SDX Energy (SDX), Union Jack Oil (UJO), Block Energy (BLOE) and Fronterra Resources (FRR)
Oil price, Genel, IGas, Block, Zenith, Petro Matad And finally…
Oil fell yesterday primarily as worries about global GDP growth emerged from Dav-oh. IGas has announced the spudding of the long awaited Springs Road well and Block Energy has spudded its side-track in Georgia. Zenith is finally on the move with its kit to Azerbaijan and write up a meeting with Mike Buck, CEO of Petro Matad.
Top