Oil price, Eco, Predator, Hurricane, IGas, Far, Zephyr. And finally…

Oil is quiet, yesterday it was good inventory stats offset by more worries on inflation. Predator announce that the rig is on its way to Guercif, Eco has been further delayed to the Tullow problems, Hurricane have 3 announcements but shareholders should vote to save their equity. I interviewed Steve Bowler CEO og IGas where he talked me through geothermal and hydrogen. Zephyr are also on the move with more wells on stream and earning money.

Oil price, JOG, Savannah, Eco, Getech, SDX. And finally…

Oil has settled, WTI is $53 and Brent $56 today, Opec+ adherence is good and will be 100% as even Iraq behaves. JOG has had a significant uplift in contingent resources and the company are set fair for the farm-out process this quarter. Savannah had a good update yesterday and I have had a chance to interview Andrew Knott. Eco has launched Eco Atlantic Renewables, Getech has moved into hydrogen and SDX has unveiled 2021 guidance.

The Bucket List 2021

The 2021 Bucket List.

Oil price, BPC, Rockhopper, Eco, Angus. And finally…

Oil had a good week, despite the US holidays it was up over $3 a barrel. Today all eyes are on the start of the two day Opec+ meeting with signs of an extension of the 2m b/d cut likely but equally pretty much in the price. BPC have signed the new Goudron EPSC in Trinidad an area where they hope to develop further production in-country. Rockhopper state that Navitas are still keen on the Sea Lion farm-in but there are some inevitable delays due to the Premier/Chrysaor situation. Eco Atlantic has done great work in Namibia where it has increased its already substantial portfolio and Angus has signed an MOU with Aleph Energy for a £12m funding for the Saltfleetby gas field.

Oil price, Eco (Atlantic). And finally…

Oil continues its rally with the vaccines, a weak dollar, a Houthi attack on an Aramco operation in Jeddah and possible help from the Opec+ meeting next week. Eco report results but are meaningless except save that they remain well funded and would be ready to go save for the Tullow holdback. Elsewhere there are plenty of things to look forward to including the Namibia portfolio and the strategic alliance with Africa Oil.

2020-11-24T11:53:44+00:0024 November 2020|Categories: Daily Blog|Tags: |0 Comments

Oil price, President, Eco (Atlantic). And finally…

Oil was even last week but slightly down this morning ahead of the Opec+ JMMC two day meeting tomorrow. President has announced an exciting drilling programme starting next month with workovers and wells targeting meaningful oil and gas. Eco has announced results but the situation is very strong and they have lots of upside in both Guyana and Namibia.

2020-07-13T13:15:07+01:0013 July 2020|Categories: Daily Blog|Tags: , |0 Comments

Oil price, BP, Sound, Echo, Eco, Wentworth

Oil has been very much unchanged over the quarter end and contract rollover and is so today, a lot of talk about who has spoken to MbS... BP have announced 25% capex cuts, in line with others whilst Sound Energy are still discussing their GSA in Morocco. Echo Energy has been restructuring its debt with a number of successes already agreed and Eco Atlantic has pared back costs and remains very well placed when drilling recommences. Finally, I spoke to Wentworth Resources this week and I am convinced that with their very strong model and solid finances they are as good as any in the sector.

February Bucket list update…

It's Bucket List time and the February update is out today, cue trauma.....

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