Oil is better again today in what is a quiet market, little going on and even tomorrow's US CPI number probably won't draw the Fed into a rise this month. Today Afentra have results which are of no interest, deals in Afentra are of interest and all is good there. Reabold up their %age in LNEnergy and Ithaca confirm taking Shell's 30% of Cambo. With Coro and Empyrean being boosted by a GSA at Mako both companies can now kick on and get some finance...And I revisit Arrow in case my interview with CEO Marshall Abbott had been missed.
Oil is better again today after further assessment of the inventory stats which showed a big draw in crude. Today Wressle is being installed with a jet pump for increased production for Union Jack and Europa. GKP had nothing much to say about the pipeline but are selling a decent amount of crude at the factory gate. i3 had a bad beginning to the half but is looking better lately. And Coro is trading around the Philippines from Ion to Oslob.
Oil is drifting as economies from Europe to China remain sluggish. Today I look at Touchstone who are near to Cascadura and Hunting who are in very good nick indeed. Also Coro have done a smart corporate deal. From yesterday I relook at Ithaca which yields 22% and Jadestone who I think are out of the trees at Montara. Also I spoke to Deltic CEO Graham Swindells and his company is in a very strong position indeed. Finally Jonathan Leather is moving on from UOG.
Oil continues to rise, right now due to a mixed inventory report which accentuated the low level of products in the system. This time gas joined the party as Aussie gas workers voted to strike. Today Eco Atlantic put Tullow out of their misery and buy up their stake in the Orinduik block in Guyana whilst Petrofac report a big backlog and bigger pipeline. Coro take less sooner in Italy to spend in the Falklands and I haven't forgotten Longboat who spudded Velocette earlier in the week.
Oil fell after Fitch trashed the markets. The Wressle partners update on a small amount of water but nothing that wasn't expected. I catch up with Will Holland who tells me all about Cloughton and there is good news from Coro.Finally IOG get the bondholders approval for the Waiver.
The week started with the oil price falling and is ending much more positively. Today DEC announce divvi conversion rate and PetroTal has received £6.1m from warrant conversion. GKP in their AGM statement are still stuck whilst the pipeline remains shut. Tower Resources have a positive update from Namibia and yesterday Coro announced completion of the Vietnam deal.
A rare week up for oil and today sees results from Coro while Petro Matad update on operations. And Friday saw Jadestone signing up its new RBL, now it must use the money.
Update from PetroTal is very positive as is the news from Rockhopper. Coro also update from the Philippines.
Oil was firm yesterday with the Turkey pipeline keeping 400/- b/d off the market. Today Genel add to the detail of that shut-in at local level. Kistos update the market on Benriach and the Netherlands and Arrow publish year end reserves data. Southern have also released a great deal of data as they throttle back the drilling programme in the current low natural gas price environment. Coro update on Asia and Predator confirm details of the raise.
Oil rallied last week as rate rises seemed to be coming to an end. Today Genel and GKP have fallen after the closure of the Iraq-Turkey pipeline. Coro has sold its Italy acreage and will bet on South East Asia now, and COPL has announced a $14.8m bond.