Oil price, Coro, Petro Matad, Jadestone. And finally…
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.
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.
Oil was up a bit as Turkey restarted production from Ceyhan, today it's all about the US CPI numbers which will affect the greenback and rates. Zephyr announce the news from the State 36-2 in the Paradox Basin and PetroTal confirm the TSX quote. Challenger tidy up the portfolio a bit and Coro make a claim in Italy whilst Tullow go to arbitration too. Finally Petro Matad have another mixed bag.
The oil price rose yesterday and again today on positive economic data from the USA. Today Coro update on renewables restructuring in the Philippines.
Last week oil was up strongly after China's news about Covid started to wane. Today PetroTal released its 2023 budget and Tower is to raise up to $6m. Coro gave a production and corporate update and I catch up with Echo from Friday. Finally there is more interest in the Capricorn/NewMed and Pallister situation, involving Legal & General IM.
Oil is under pressure as China battles with Covid, so far losing the battle despite the 'magic weapon' of zero tolerance. Southern Energy has reported a good set of figures with much excitement to come. Kistos is pursuing a scheme of arrangement in order to restructure and be able to pay out to shareholders. A new CEO on the way at Petrofac and a positive update from Coro in Italy.
Oil fell on further Chinese Covid worries which persist, when over the true demand numbers will out. Today sees the re-debut of Ithaca in London and the shares have fallen 7% so far, probably plenty more to go. Coro have brought more Italian assets back on which with winter gas prices should deliver significant revenue. Yesterday both they and Empyrean announced progress from Duyung which still has a way to go yet.
A decent rally for oil yesterday mainly due to inventory stats and supply concerns. Southern Energy are getting a new quote and I'm seeing them next week, Coro are doing well in Italy as prices help their portfolio and Echo finally restructure their debt.