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.
Flash blog covering Arrow, SDX, Deltic and Ithaca.
Oil is still in good nick, up over $80 today after the STEO yesterday. IOG update on a tricky first half and Deltic have great news on valuation of Pensacola. Scirocco wait for Tanzania and Reabold are high-grading the portfolio.
Oil is falling after a gathering feeling that inflationary pressures will force the Fed to raise rates next month. Today Savannah have sold a 10% stake in the COTCO Cameroon pipeline for $45m and Deltic announce results. Finally Trinity state that all is back to normal at Trintes.
A huge find by Deltec and Jadestone pave the way for Montara return.
A small rally and no real change after the EIA report or the API stats. Gulfsands remind us about Syria, Longboat has received some awards, and Orcadia has disposed of Crinan and Dandy after a good resources report at Pilot. Hurricane update, Deltic say Shell are testing at Pensacola and EOG have an update.
Oil is falling as traders level off their books ahead of the long Thanksgiving Holiday. Jadestone sign off the remaining 10% interest in the Lemang production sharing contract onshore Indonesia and Deltic spud Pensacola. Europa have released themselves from offshore Morocco having found no partners and Prospex are going great guns in Italy.
Oil rose, mainly on the weaker greenback. Union Jack publish an exciting CPR on Wressle and Deltic raise £15m via placing and an Open Offer on top ahead of the Pensacola spud in the autumn and Jadestone are shutting-in Montara while it is being repaired.
Oil fell back with the differential widening again. Today Diversified make a decommissioning acquisition and UOG update as do Coro. From yesterday I catch up with VOG, Block and Deltic.
Oil is down again as Beijing looks to be joining the Covid lockdowns and Russia is still selling enough oil to fight...Today Union Jack again updates on Wressle revenues with $5m taken since August. And finals from Deltic but a delay on Pensacola until 'late Q3'.