Another bad day for oil as markets remain weak and in risk-off stance. Saudi OM pledges to continue working for market stability and cuts his own production again. IGas get planning for Scampton waterflood, Egdon raise $1.98m but only 72% endorse the raise, VOG settle with Weatherfords and I cover CERP results from yesterday.
Tag: Columbus Energy Resources
Oil price, Hurricane, Columbus, Jadestone And finally…
Oil rallies this morning as four ships are attacked off Abu Dhabi, two of them Saudi tankers. Hurricane announce that hydrocarbons have been introduced to the Aoka Mizu and that the start up phase has commenced which is the next step to first oil. Columbus has been granted a licence for their key Bonasse licence in the S W peninsula, any find here will ‘transform’ the company. And Jadestone has completed work on the Stag oilfield successfully and the rig is moving away, production is expected in a few days. Finally a link to a short interview I did with IGTV on the oil price.
Predator/Columbus
On the road again today but couldn’t avoid seeing the excellent news from Predator Oil & Gas with respect to their CO2 EOR project in Trinidad.
Oil price, President, SOCO, Echo, Columbus, Faroe And finally…
The oil price remains firm and this morning is challenging important levels. President has again given a blockbuster statement with more to come this year whilst SOCO’s update was good, i like the Egypt acquisition. Echo are on site fraccing in Argentina and Columbus are making steady progress towards their Latin American targets. Finally Faroe has gone as DNO up the offer and buy up shares in the market, it’s the market’s view but so short term it’s almost indefensible…
Oil price, Trinity, Sound, Reabold, Columbus And finally…
Oil prices remain weak as sanctions start today. Trinity start the process on Galeota with the first phase of the FDP and Sound are at 2nd casing point at TE-9. Reabold announce another investment, this time onshore UK and Columbus are set to leave La Lora to decommissioning fate in Spain.
VOX Markets podcast: Malcy on Columbus Energy Resources, Zenith Energy, Echo Energy, Hurricane Energy, Chariot Oil & Gas, Genel Energy, Sound Energy
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
Oil price, Hurricane, Echo, Zenith, President, Columbus And finally…
A few words on the oil price, nothing new. With Hurricane stating that the Aoka Mizu has left Dubai there are few pieces of the jigsaw left to place, Echo reports good news from Argentina and Bolivia. President has bought a little more acreage in Louisiana with decent upside potential and Zenith is ready to go in Azerbaijan. Finally a raise for Columbus might get them making the headway that they have always wanted.
Tagged with: Columbus Energy Resources, Echo Energy, Hurricane Energy, President Energy, Zenith Energy
Genel, Columbus
On the move again but a quick chance to chat about a first class report from Genel who are increasing both production and cash and have significant upside across the portfolio. At Columbus production is picking up and is cash flow positive with grand ambitions for M&A in the region, this may take time but a worthwhile target.
Oil price, Savannah, Columbus, Empyrean, Getech And finally…
Oil perks up after an indifferent week whilst Savannah announce the spud of their 5th well in Niger. Columbus receive an extension for their Cory Moruga Block and Getech announce a delay in Sierra Leone. I talked to Tom Kelly and Gas Bisht of Empyrean with excitement at fever pitch in China and much potential to come in Indonesia.
Oil price, SDX, Tullow, Empyrean, Lamprell, Columbus, Reabold And finally…
WTI $68.08 +2c, Brent $72.16 +32c, Diff -$4.08 +30c, NG $2.74 -2c Oil price A quiet day yesterday, with modest shortages of crude from Libya and potentially more from Venezuela offset by the EIA saying that US shale production is…
Tagged with: Columbus Energy Resources, Empyrean Energy, Lamprell, Reabold Resources, SDX Energy, Tullow Oil
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