Oil price, Reabold/Deltic, Echo, Trinity. And finally…

The Opec+ JMMC provided about what the market had expected, at least there were no major disappointments in the announcement. Reabold has made an unsolicited 'non-binding' sort of offer for Deltic worth 8p and valuing them at £12.34m which looks kind of cheap for everything Graham Swindells has done to set up the company with the Shell farm-out. Echo are restructuring in Argentina pushing out costs for Tapi Aike in return for an option to get back in. And Trinity are still modestly increasing production which is an achievement given their modest spend and cost control.

Oil price, Ascent, Deltic, GKP. And finally…

Oil rallied yesterday after a weak start but positive comment from Opec and markets in general drove prices higher. Today Ascent have results but mainly concentrate on the portfolio going forward. I write up an interview with Deltic Energy CEO Graham Swindells and sadly note that Jón Ferrier is leaving GKP.

2020-06-26T12:53:23+01:0026 June 2020|Categories: Daily Blog|Tags: , , |2 Comments
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