The Bucket List, 1Q update.
A quarterly update of the Bucket List to reflect recent performance as well as a year/year check.
Flash blog:DEC, UOG, ECO, Longboat.
DEC report another excellent set of numbers and yielding 15% I expect good income and capital growth from here. United Oil & Gas is bringing onstream the better than expected ASH-8 and Eco Atlantic is starting to go forward in the Orange Basin. Longboat have results and Beacon Energy are appearing with a raise and acquisition.
Oil price, PetroTal, Eco, GKP, Harbour. And finally…
Slightly more drift in oil as a follow up to Jay P's fit of the vapours but the inventory stats were better than expected, an actual draw in crude of 1.694 barrels when the spotty kids were expecting a build. PetroTal updated the market, after a dip, production will rise, debts are to be paid off and a return to shareholders is imminent. Eco Atlantic have been reading Africa Oil's homework but the CPR is very exciting-for both of them. GKP are revealing numbers from the KRG which include the new price formula and Harbour have reported results but are very angry indeed with the UK Government over the Looney Tax.
Flash blog from Fort Lauderdale: San Leon, Touchstone, i3, Kosmos, Eco Atlantic.
Update from San Leon on market rumours, i3 Energy updates on numbers which are good and Touchstone have a date for Cascadura gas- Yippee! Plus Eco results and update.
The 2023 Bucket List
The 2023 Bucket List is published today, five companies are leaving one way or another and three are joining the group. The Oil and Gas prices both showed consistency in being virtually unchanged on the year although the prices changed at different times during it, see the charts. The blog also announces how the 2022 list fared.
Oil price, Angus, GKP, Eco (Atlantic). And finally…
Even with a dip at the end oil was up on the week by about $3. Today Angus have raised £7m for continued work at Saltfleetby and some share tidying up. GKP have a corporate and trading update and Eco have completed their deal in blocks 3/b and 4/b.
Oil price, JOG, Sound, Arrow, Eco, Zephyr. And finally…
Oil has picked up sharply today with markets worrying about the Opec+ meeting on Sunday. JOG get an extension at Verbier to match the GBA whilst Sound restructure the Phase 1 Micro LNG. Eco has results which are history and Arrow has its best ever quarter. Finally Zephyr publishes a new presentation, worh a glance.
Oil price, Eco, Reabold, Hurricane, UOG, Gulfsands. And finally…
Eco has a duster at Gazania, Reabold win their vote, Gulfsands open up in Abu Dhabi and Hurricane stay with the FSP.
Oil price, Union Jack, Eco (Atlantic).
Oil rallied yesterday ahead of tomorrow's Opec meeting and possible production cut back. Union Jack announce $10m of rnet revenues from Wressle and a stake in Egdon whilst Eco (Atlantic) spud the Gazania well.
Oil price, PetroTal, IOG, Zephyr, Angus, Hunting, Eco. And finally…
Oil rose yesterday ahead of today's Fed symposium at Jackson Hole Wyoming, tomorrow we will hear the rate decision. The EIA inventory stats showed a big crude draw of 3.3m with a fairly quiet product market. Today PetroTal have another excellent report, IOG update after a small reduction in guidance and Zephyr have wrapped up a small parcel of acreage at the Paradox Basin. IOG deliver the first revenue and net profit and Angus are nearly over the line at Saltfleetby whilst Hunting are mega bullish about the sector, me too. Finally, under the cover of 1Q numbers Eco manage to advertise wells coming up in South Africa and Namibia....