Oil rose on Friday but WTI was down on the week, Brent unchanged. Nothing different at the moment, Libya is back down to 100/- odd b/d if that. Today Genel announce KRG payments and Savannah start gas sales to Axxela and Touchstone updates the market on COHO and Cascadura. Arrow have another success in Colombia and Eco Atlantic have raised money in Africa to top up their stake in 3/B and 4/B. Challenger note a scoop on Friday re Uruguay and results from Petro Matad show a positive situation after a terrible year or two.
Figures from Chariot in line, Wentworth better than guidance, Savannah are continuing to deliver the goods and Eco are ahead of schedule at Gazania.
Oil still rises, Libya production falling and underlying demand still strong, retail gasoline is now over 5 bucks a gallon. Eco Atlantic has walked away from the deal with JHI after their directors wouldnt agree to a 'reasonable' lock up, nice work from the Eco board. And SDX have had an operational update in which unbelievably they have neglected to mention that they have accepted a takeover bid...
Flash blog so comments on results from Wentworth, an addition to those from IGas. Chariot have got support from the Port of Rotterdam on green hydrogen and Eco announce a raise of just under £20m.
A big rally from oil today making up for last weeks fall and with more good news from Chariot and a huge CPR from Eco Atlantic starts the week off well.
Oil is down by nearly 7 bucks today keeping up the roller coaster ride of recent days. IOG has announced first gas from Phase 1 and Eco Atlantic have done another exciting deal and could be the 'go-to' oil exploration company.
Brent is up another 3 bucks to $116 this morning after continued bombing in the Ukraine and limited signs of supply. Worth noting that UKNG is 465p this morning, good news for gas producers and why we should be encouraging more of. Eco Atlantic has hired a rig for Gazania-1 in South Africa, Hunting is loking very solid and UOG have a mixed bag of M&A news.
DEC has closed another abs and is now set for further growth, rule nothing out. Eco has announced a gain from an investment sale but shareholders will be more excited by exploration especially after Total's recent big discovery in the Orange Basin. i3 Energy and Block both update the market.
Oil is down around a dollar today as rumours of an agreement at the US/Iran talks are buzzing around. Also Eco ATlantic is becoming a very exciting stock and not to be missed at these prices.
Oil stays obediently at $90 as the Opec+ meeting convenes. Scirocco has the put and the call with Tanzania situation improving and the EAG side also looking good, both could be the future. VOG is really beginning to do well with plenty of upside. Longboat has announced that the Ginny and Hermine prospects where dry and the battle for Far seems to have settled at about A60c. Finally good news vicariously for Eco Atlantic as CGX find oil in Guyana.