Oil rose for the 6th week in a row as the Opec meeting ended as expected with production cuts. Today Beacon say the German well is expected in the coming days and Trinity have found what looks like a lot of oil at Jacobin. Egdon confirm the deal at Weaverthorpe and Reabold update on the LNEnergy deal. Finally Prospex ramp-up at PM-1 with gas flowing.
Oil fell after Fitch trashed the markets. The Wressle partners update on a small amount of water but nothing that wasn't expected. I catch up with Will Holland who tells me all about Cloughton and there is good news from Coro.Finally IOG get the bondholders approval for the Waiver.
Oil has risen by another dollar today, despite poor Chinese economic data. IOG have had a slight problem at Blythe H2 but are hoping to sort out the problem. JOG have had approval for extending and farming out the licences at the GBA. Egdon and partners have run into a problematic Planning Inspector and Gulfsands have their annual report out. And Jadestone cap a bad year with a raise of equity and working cap and an Open Offer but it's turnaround time and elsewhere good finals from i3.
A good day for crude as talks at the White House progress. DEC have had their debt redetermination approved and Petrofac has won another $1bn of work in Algeria. UOG have extended the long stop date for the Quattro deal, again and I talk to the interests close to the Egdon deal yesterday.
The agreed cash bid for Egdon by Petrichor Partners is the news of the day but sad to see it going out at a value of only £26.64.
Oil continued to drift, Touchstone starts at the bottom at Royston, Egdon and Europa announce results while Union Jack waits its turn. And its all over bar the shouting for Hurricane.
Oil fell nearly 10% last week after the bank collapses maxed out the indices and commodities. Today I look at Zephyr who have started to test at the State well which will be exciting and Wentworth are trading just fine. Egdon looks good and Predator raised money for MOU-3 .
Genel announce pretty good reserve numbers, a big pool for the company to work with. San Leon note Decklar shipment and pipeline numbers, must be good news and Union Jack, Egdon and Europa update Wressle, good numbers of course. Scirocco start the process of changing up the board and as for Hurricane, well it's not bad really...
Oil fell sharply after the NFP numbers and the rig count saw a substantial fall. Union Jack announce further good news from Wressle but IOG had further operational issues at Southwark. Touchstone are about to start the Royston sidetrack which could prove a substantial find and Egdon are taking an option to farm-in to an asset.
Oil was shut yesterday but has rallied today as the movers and shakers head for the Alps. Genel gave a solid and in line trading update and Union Jack and Egdon have updated Wressle. With UOG resurrecting the Quattro deal but at a higher price they can reward patient shareholders with a modest buy back.