Oil price, Helium One. Catch up DEC, Scirocco, SDX, Jadestone. And finally…

The oil price continues to fall with markets as the Fed starts to mention the end of the Taper. Today I look at Helium One who have commenced drilling at Tai-2 in Tanzania and also look at some announcements that have happened whilst I was away earlier this week. DEC completed the Tanos acquisition, I'm sure the next deal isn't far away and Scirocco has a clearer line of sight to selling its Ruvuma stake whilst also having a shout with HE1. SDX had a dry hole at South Disouq but CEO Mark Reid remains positive about the area and over at Jadestone they have updated on guidance and updated on operations.

Oil price, DEC, Challenger, Eco Atlantic, Block. And finally…

Opec + is now not going to meet today and in the absence of any further meetings in the diary we are in fall-back mode which if my synopsis is correct does not allow for an increase in production. Diversified keeps doing deals and they keep getting better, now Oaktree are on board as well. Challenger announce that Saffron-2 is at TD and now ready for logging and production on July 23rd whilst Eco have had a dry hole on Jabillo-1. Finally more shenanigans at Block where there now has been a request for a General Meeting to try and remove the Chairman.

Oil price, Chariot, Scirocco, DEC. And finally…

Oil will end up on the week as the crucial stock draws continued, economic data was good and gasoline demand continued to rise. Chariot look good as they become a gas and transition company with much excitement to come. Scirocco has amended its facility as it heads to Eurpean transition itself. And DEC have appointed a head of ESG, it is getting so important nowadays.

2021-06-25T13:58:26+01:0025 June 2021|Categories: Daily Blog|Tags: , , |0 Comments

Oil price, DEC, Challenger, Kistos. And finally…

It will have been a bad week for oil as India and Asia remain hit hard by Covid, also words from Russia and Iran itself suggest the USA are about to end sanctions. A fund raise to follow the acquisition from DEC has been a success and Challenger Energy has also raised money ahead of the Saffron spud. And Kistos close their Tulip deal and also release a positive trading update today.

Oil price, DEC, Rockhopper, Tower, Hurricane/Crystal Amber, Frontier Summit. And finally…

Oil fell off the highs yesterday when the Russian Ambassador to the UN suggested that the Iran nuclear deal is nearly done, Bloomberg said that could mean 4m b/d onto the market. DEC has completed its deal, the first of many I think, and Rockhopper gives results but plenty more to come this summer. Tower reports from Cameroon where also activity has been delayed but may see action before long. War has broken out between Hurricane and Crystal Amber who are asking for significant board changes.

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