Oil tanked on the Fed news which hit markets hard but supported the greenback. Today Chariot announce that FEED for Anchois is finished and Zephyr say that flow testing the 36-2 well is imminent. Challenger and Predator have completed their deal and Angus record that the second compressor is up and running.
Oil drifted after a funny set of industry inventory stats could have hit the market badly but it was attributed to a 'data adjustment'. CEG updated on strategy which is clear about the plans for the long term, and Reabold issued a Competent Person's Report prepared by RPS Group on UKCS Licence P2478 on behalf of the Joint Venture partnership with Baron Oil plc and Upland Resources. Longboat reveal the worst kept secret by going into Malaysia and Capricorn could be doing anything...
Oil was up a bit as Turkey restarted production from Ceyhan, today it's all about the US CPI numbers which will affect the greenback and rates. Zephyr announce the news from the State 36-2 in the Paradox Basin and PetroTal confirm the TSX quote. Challenger tidy up the portfolio a bit and Coro make a claim in Italy whilst Tullow go to arbitration too. Finally Petro Matad have another mixed bag.
Oil rallies at the start of the year and San Leon have extended the term while they complete the OML18 transaction. CEG formally announce the Uruguay stuff that i wrote up last week and Angus have good production numbers. Finally all is unveiled at the New Beacon and COPL have more money from a lead investor.
Oil is weaker today after President Putin threatened not to sell his crude to those involved in the price cap after February 1st. And Challenger Energy Group has received another filip as Uruguay has brought in Apache and Shell in the adjacent blocks to them.
A modest oil rally, two more acquisitions from Zephyr and more on Challenger and Predator.
A flash blog so detailed analysis and further comments tomorrow.
News this morning from Zephyr, Union Jack, Egdon, Challenger and Predator.
Oil drifted on the last day of what has been a very good month and traders locked in profits. An update from Arrow was excellent and in line with guidance and San Leon have slightly extended the backstop date for the OML18 financing and Challenger update the market on a wet quarter. Finally Jadestone complete the acquisition from BP and COPL also update the market..
Oil rallied after the dollar weakened as expectations of a 100bp rise in US rates next week were trimmed. Challenger update on Trinidad and Angus yesterday also updated on Saltfleetby. Predator have a detailed run through but it is Morocco that is of most interest in the next few months. Afentra look to have done a very smart deal topping up in Angola and Tenaz are having to rethink the SDX acquisition.