Oil price, Chariot, Zephyr, Tower. And finally…

Oil is cratering as Covid remains prevalent in China, WTI is back to contango. Chariot has announced a JV in South Africa in electricity trading where they have been awarded a licence. Also it has put to bed leaks from a meeting held in Morocco about the Anchois field. Zephyr has announced the spud of the 36-2 LNW-CC well in the Paradox Basin. And Tower has made progress in Cameroon as a loan is approved locally and now needs to go to group level.

2022-11-21T16:58:54+00:0021 November 2022|Categories: Daily Blog, Uncategorized|Tags: , , |0 Comments

Oil price, Chariot, COPL, Gran Tierra. And finally…

Oil will likely end up on the week, it is up 3 bucks today. Chariot are moving into larger scale green hydrogen and ammonia production projects in Morocco in addition to hard work on the gas side. COPL has issued 6,996,500 common shares pursuant to a conversion of $800,000 principal of 2024 Bonds and $600,000 principal of 2025 Bonds. Finally a mention of Gran Tierra which I like the look of but havent met yet...

2022-11-04T11:47:58+00:004 November 2022|Categories: Daily Blog|Tags: , , |0 Comments

Oil price, Zephyr, Chariot, Serica, Pharos, Reabold, Helium One. And finally…

On a day that inflation send markets tumbling oil fell but was off the lows. Today Zephyr have an exciting deal that increases the value of the Paradox Basin and Chariot have interim results. Serica have operational problems at North Eigg and Pharos are looking tidy and about to restart paying dividends. Reabold have done a cracking deal on Corallian but go unrewarded in the market and Helium One are now drilling Q1 2023.

Oil price, Chariot, Echo, Capricorn. And finally…

With the US shut for Labor Day as expected markets were thin and oil rose, Opec+ didn't acknowledge that and are charting their own course. Chariot have done another JV with Total Eren, this time in Mauritius and Echo have results. Capricorn also have figures but whether the Tullow deal goes ahead is still somewhat up for debate.

2022-09-06T17:08:09+01:006 September 2022|Categories: Daily Blog|Tags: , , |0 Comments

Oil price, Chariot, San Leon, Pharos, Serica. And finally…

Oil bounced back from being down 2 to finish strongly again yesterday. Chariot announce a new CPR at Lixus with a significant increase in resources. Pharos beat the whisper and are in a strong place in Egypt and Vietnam while San Leon complete the attractive loan and share stake in ELI. Finally Serica also beat the whisper with a very positive update.

2022-07-20T14:08:07+01:0020 July 2022|Categories: Daily Blog|Tags: , , , |0 Comments

Oil price, UJO, Chariot, IOG, Rockhopper, Jadestone, Cornerstone. And finally…

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.

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