Rose has updated on management changes whilst Echo is making proper progress in Tapi Aike. Finally Range Resources has shot the lights out by selling their Trinidad assets to LandOcean for around $95m.
Tag: Echo Energy
Bucket list 6 month update.
Today is the interim Bucket List with a look at performance since February, the good the bad and the ugly and with two stocks dropping out to be replaced in the list.
Tagged with: Amerisur Resources, Aminex, Chariot Oil & Gas, Echo Energy, Eco Atlantic Oil & Gas, Far Limited, Genel Energy, Hurricane Energy, Jersey Oil & Gas., President Energy, Reabold Resources, Rockhopper Exploration, RockRose Energy, Savannah Petroleum, SDX Energy, Serica Energy, Sound Energy, Trinity Exploration & Production, Victoria Oil & Gas
Oil price, Echo, Amerisur, VOG, Eco, Reabold, Egdon, Union Jack, EOG – And finally…
Last week oil prices edged up only by a few cents and the battle remains between Geo-politics and stuttering GDP numbers. Today, Echo Energy announce further progress in seismic data processing in Argentina with drilling still planned for 4Q of this year. Amerisur have a regular update on operations with the Sol-1 well confirmed as a ‘modest discovery’ and Indico-2 next to be drilled. Production remains in line with guidance. VOG confirm last weeks’ rumours of a huge deal selling gas to Aksa Energy and Reabold have exciting wells to drill in west Brentwood. Eco Atlantic are cheered by Qatar Petroleum farming into Guyana and Tullow asking for an extension to the Jethro drilling programme. Good news also for the Wressle oil field participants..
Echo Energy
Oil rallied yesterday and again this morning on further positive vibes from the trade talks which are back on with an attempt to have an agreement that the two Presidents can talk about at G20. I talk about Echo where the western cube data over Tapi Aike is complete and already being processed. This means that drilling on the licence is still on track for 4Q 2019.
Tagged with: Echo Energy
VOX Markets podcast: Echo Energy, Rose Petroleum, Pantheon Resources, Jersey Oil & Gas, Reabold Resources, Amerisur Resources, SDX Energy, Falcon Oil & Gas, Block Energy and Egdon Resources
Today Malcy discusses Echo Energy (ECHO), Rose Petroleum (ROSE), Pantheon Resources (PANR), Jersey Oil & Gas (JOG), Reabold Resources (RBD), Amerisur Resources (AMER), SDX Energy (SDX), Falcon Oil & Gas (FOG), Block Energy (BLOE) and Egdon Resources (EDR)
Oil price, Echo, JOG, Rose, Reabold And finally…
Oil is strong after the Opec+ committee announced that quotas are likely to remain at next months meeting. Echo has announced that it has done a deal with CGC and is now concentrating on Tapi Aike and has materially reduced near term capital requirements which is very good news. JOG results are behind them and now with their partners they are setting about finding further prospects on the licence and looking at the extensive 3D seismic from last year. Rose Petroleum has raised money from OCE after previous donor Robert Bensh withdrew, and on better terms. With Reabold announcing commerciality of its two wells in California all we need now are the flow rates…And on that subject Pantheon is excited about the Alkaid well but still no commerciality here..
Oil price, Chevron/Anadarko/Occidental/Total, Anadarko, Infrastrata, Victoria Oil & Gas And finally…
Oil may end up on the week, this evening in Washington may thankfully be after the close… Chevron walk away from Anadarko bid with a $1bn wallet warmer. InfraStrata are in discussions with off-take partners that might delay phase 1 of the deal but bring forward phase 2. I speak to Ahmet Dik, CEO of VOG about the ENEO payments and receive some comfort and theres a link to an interview commenting on 9 companies.
Core Finance interview: Martin Hull of Echo Energy
Today Malcy talks to Martin Hull, the MD and CFO of Echo Energy.
Tagged with: Echo Energy
Oil price, Echo Energy, Touchstone Exploration, Getech And finally…
Oil is rallying again, mainly due to Venezuela being totally shut in due to power blackouts and with the API, despite reporting a build in crude oil showed further draws in products. An operating update from Echo is quite muted, the big stuff from Tapi Aike will come later in the year and Touchstone produce decent results with good netbacks. Finally Getech are handling tough industry conditions very well and report very creditable numbers in their pre-close update today.
The bucket list update.
The updated Bucket List, widely differing performances but I remain confident about the picks in the main.
Tagged with: Amerisur Resources, Aminex, Echo Energy, Eco Atlantic Oil & Gas, FAR Ltd, Genel Energy, Hurricane Energy, Jersey Oil & Gas., President Energy, Reabold Resources, Rockhopper Exploration, Savannah Petroleum, SDX Energy, Serica Energy, Sound Energy, Trinity Exploration & Production, Victoria Oil & Gas
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