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 continues to rally as supply remains down and demand is stable. Chariot has acquired the Lixus licence offshore Morocco which brings a gas discovery and re-balances its risk profile with plenty of upside. JOG has announced that the Verbier appraisal did not encounter the Upper Jurassic sands as expected but the company will continue to work on the 3D seismic survey and Cortina amongst others. Soco has announced that the Merlon deal has completed and IOG has announced its promised Open Offer to shareholders.
Malcy talks about the following stocks: Columbus Energy Resources #CERP, Zenith Energy #ZEN, Echo Energy #ECHO, Hurricane Energy #HUR, Chariot Oil & Gas #CHAR, Genel Energy #GENL and Sound Energy #SOU
Still on the move, oil is moving back down but still in a strong position. Savannah Petroleum has moved a significant step forward to closing the Seven Energy deal which is most important. Chariot has a duster at Prospect S in Namibia whilst DGO remain on the acquisition trail in the US.
Malcy talks about the following stocks: Amerisur Resources (AMER), Echo Energy (ECHO), Savannah Petroleum (SAVP), President Energy (PPC), Chariot Oil & Gas (CHAR) and i3 Energy (I3E)
With the month and the quarter ending at the weekend window dressing is the order of the day and there is no news so volumes will be low. Lot’s of news from Savannah where they are updating on the Niger EPS with news about first oil 1Q 2019 and ramping up through the year. Chariot are about to spud prospect S and the oil world watches. Interims from Getech show that management action is working.
Another up day for oil with the bulls in charge, for the moment…Plenty of news with President making more moves in Argentina, Echo and IGas results and Chariot looking forward to spinning the drill bit in Namibia. Plenty of press comment in Niger about potential farm-outs for Savannah Petroleum and the Genel CFO reveals more good news at the Pareto conference.
WTI $65.81 -$1.23, Brent $76.79 -77c, Diff -$10.98 +46c, NG $2.96 +1c Oil price The greenback was probably as much of an influence on the oil price on Friday as anything else as the economic data all provided ammunition for…
Malcy talks about the following stocks: Chariot Oil & Gas #CHAR, SDX Energy #SDX, Jersey Oil & Gas #JOG, Echo Energy #ECHO, Diversified Gas & Oil #DGOC and Range Resources #RRL
WTI $68.10 -9c, Brent $74.64 -10c, Diff -$6.54 -1c, NG $2.77 -7c Oil price Last week was actually relatively flat, oil consolidated at the higher levels as the market took on board the likelihood of US sanctions on I Ran…