Oil price, Gulfsands, Longboat, Orcadian, Hurricane, Deltic, Europa. And finally…

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 price, Jadestone, Deltic, Europa, Prospex. And finally…

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.

2022-11-23T11:47:09+00:0023 November 2022|Categories: Daily Blog|Tags: , , , |0 Comments

Oil price, Attis/Helium One,Scirocco, Deltic. And finally…

Oil has now gained nearly $3.50 on the week, the election result has taken risk off and whatever result occurs it looks like extreme policies are off limits. Helium One have solved their unquoted problem and will merge with tiny Attis and raise £5m, Scirocco comment on the process. And Deltic say that Shell remain committed to Pensacola and despite an extension still plan to drill 4Q 2021.

2020-11-05T16:04:23+00:005 November 2020|Categories: Daily Blog|Tags: , , , |0 Comments

Oil price, Chariot, Jadestone, i3, Pantheon, Deltic. And finally…

Oil fell at the end of last week as Aramco started to cut prices to its Asian customers as demand falters in the region. It's Labor Day today so the US is on holiday but elsewhere oil had dropped around 70 cents. Chariot has announced yet another significant upgrade at Anchois on the Lixus licence in Morocco, it gets better and better. Jadestone has rearranged its offtake agreement saving c.20% in the process and i3 has completed the Gain deal which looks pretty interesting. Pantheon are now double handed with applications in for both Alkaid and Talitha in Alaska and I speak with Deltic looking at their 32nd round awards.

Oil price, Chariot, Deltic, Cairn. And finally…

Oil is up another $1.60 or so today and holding above key support levels, particularly $42 from WTI. Chariot say that CEO Larry Bottomley has stepped down with NED and founder Adonis Pouroulis taking over as Acting CEO. Deltic have announced that largest shareholder IPGL with 16.8% has backed them in the 'possible' bid battle with Reabold Resources. And Cairn are staying positive about winning their arbitration case in India with a decision expected 'after the end of the summer' but which summer?

2020-07-21T15:24:19+01:0021 July 2020|Categories: Daily Blog|Tags: , , |0 Comments
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