Figures from Chariot in line, Wentworth better than guidance, Savannah are continuing to deliver the goods and Eco are ahead of schedule at Gazania.
After oil took a caning last week on Fed and sundry lousy interest rate news it is important to notice that Opec+ is still missing by a distance its own quotas. The price fell sharply on Friday as the Fed said that it would be 'more aggressive' in getting inflation back to 2%. Union Jack has more good news from Wressle, Chariot has announced the Anchois FEED contract and IOG have a lengthy update on its portfolio. Rockhopper have given details of their Open Offer, Jadestone have suffered an unfortunate oil leak and Cornerstone Resources update.
Oil fell slightly on Chinese Covid cases whilst Genel CEO Bill Higgs has stepped down after the AGM vote. Angus Energy confirm that first gas is imminent and Empyrean are ready raise money and drill the Topaz prospect.
Oil rallied sharply on Chinese data and a shortage of product inventory whilst Kistos has provided a positive AGM statement. Chariot show a big oversubscription in their Open Offer and Southern Energy Corp brings in a very decent well indeed.
Oil is falling due to Chinese demand, Chariot has made a good raise to develop Anchois and push on with the power business. Pharos AGM statement was good and with Vietnam kicking in later this year should be good. Getech are solidly ahead, Hurricane looks cheap as chips and could and should be taken over from here, just imagine what a wealthy parent would do with it...?
Oil down, China crisis. An acquisition from DEC which looks like more of the same, ie very good. Chariot have appointed Societe Generale, London Branch to the role of financial advisor to develop debt funding options for the Anchois gas development, this is smart and good news. Egdon results but Shell walk away from their partnership with the company and Union Jack add the the Wressle good news to the update on the rest of their portfolio.
Flash blog so comments on results from Wentworth, an addition to those from IGas. Chariot have got support from the Port of Rotterdam on green hydrogen and Eco announce a raise of just under £20m.
Oil is down around $6 this morning after it became clear that President Biden is about to announce a further, more substantial release of stocks from the US SPR. Chariot has announced that the latest Anchois well is bigger and better than expected and will be developed more quickly than previous expectations. Upside is huge, a multiple of the current share price. Predator has confirmed that it has raised £1.035m.
A big rally from oil today making up for last weeks fall and with more good news from Chariot and a huge CPR from Eco Atlantic starts the week off well.
Oil has bounced by $3 this morning, Chariot has updated on Lixus and San Leon on Nigeria. PetroTal win a gong and SDX have a good well result.