Jersey Oil & Gas, Chariot Oil & Gas.

Oil had a modest rally yesterday following equities up and after the dollar weakened. Tonight's US Presidential debate, at 0200 hrs UK time will be critical for markets. JOG has been very busy during the spring and summer and looks to be in a very good place with the Exciting GBA hub having moved a long way forward in all areas. At Chariot much has changed as well, the size and quality of the Lixus improves all the time and Anchois looking like a high quality play with many people very interested in partnering.

2020-09-29T10:23:50+01:0029 September 2020|Categories: Daily Blog|Tags: , |0 Comments

Oil price, Chariot, Jadestone, i3, Pantheon, Deltic. And finally…

Oil fell at the end of last week as Aramco started to cut prices to its Asian customers as demand falters in the region. It's Labor Day today so the US is on holiday but elsewhere oil had dropped around 70 cents. Chariot has announced yet another significant upgrade at Anchois on the Lixus licence in Morocco, it gets better and better. Jadestone has rearranged its offtake agreement saving c.20% in the process and i3 has completed the Gain deal which looks pretty interesting. Pantheon are now double handed with applications in for both Alkaid and Talitha in Alaska and I speak with Deltic looking at their 32nd round awards.

Oil price, Chariot, Deltic, Cairn. And finally…

Oil is up another $1.60 or so today and holding above key support levels, particularly $42 from WTI. Chariot say that CEO Larry Bottomley has stepped down with NED and founder Adonis Pouroulis taking over as Acting CEO. Deltic have announced that largest shareholder IPGL with 16.8% has backed them in the 'possible' bid battle with Reabold Resources. And Cairn are staying positive about winning their arbitration case in India with a decision expected 'after the end of the summer' but which summer?

2020-07-21T15:24:19+01:0021 July 2020|Categories: Daily Blog|Tags: , , |0 Comments

Oil price, Chariot, IGas, Pantheon

The Opec+ meeting starts shortly and the market is expecting a deal, if it doesn't happen there could be a 50% retracement in half an hour. I write today about Chariot which has an upbeat statement out about Morocco and costs which are being cut again. Also IGas which is looking good in this market with onshore, conventional oil to carry the company, well hedged as well. Finally a few words about Pantheon after my words on Premier went down badly...

2020-04-09T14:42:28+01:009 April 2020|Categories: Daily Blog|Tags: , , |0 Comments

February Bucket list update…

It's Bucket List time and the February update is out today, cue trauma.....

Oil price, Echo, DGO, PetroTal, Touchstone – And finally…

Oil recovered yesterday after initially falling on an API report that showed a build in stocks, the subsequent EIA report showed a draw of 1.1m barrels and oil recovered to be roughly even on the day. Echo has announced that its rig is on the move and should be ready to drill the CLix-1001 well by the end of December. DGO has announced a new NED as well as announcing that the 2Q divvi will be paid on 20th December and a sterling equivalent of 2.65p a share. PetroTal has also appointed two new NED's after recently the Chairman of the Board moved to the non board position of CFO. And Touchstone announce that the Coho-1 well has produced well making it a red letter month for the company.

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