Tag: Egdon Resources

Oil price, SDX, Falcon, Cairn, Wentworth, Empyrean, Block, Egdon, Lekoil/San Leon And finally…

Oil firm as the Saudis hit back at the Houthi rebels. SDX reduce guidance and lose CEO Paul Welch, at Falcon they raise a bit to top up for this year and next year existing carry. All in line at Cairn with no change in guidance or plans in development and exploration. Earlier this week Wentworth updated and all is going well, yesterday Block Energy raised £12m, a solid achievement given how fast they have moved and at Egdon they raised £2.17m. Empyrean has seen gas clouds at Topaz and Jade which CNOOC say is good news and Lisa Mitchell moves from Lekoil to San Leon…

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Oil price, Amerisur, Egdon And finally…

Another good day for oil with supply shortages across the world and stocks tightening, a good time for what might be a $100bn bond issue… A great set of figures from Amerisur this morning with exploration success, production and revenues growing and free cash flow funding an impressive forward drilling programme. Egdon has increased production, the CPR at Resolution looks good and Springs Road is also potentially very exciting, maybe after all these years it is set to deliver…

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VOX Markets podcast: Victoria Oil & Gas, Igas Energy, Egdon Resources, Amerisur Resources, Rockrose Energy, Independent Oil & Gas and Reabold Resources

Malcy talks about the following stocks: Victoria Oil & Gas (VOG), Igas Energy (IGAS), Egdon Resources (EDR), Amerisur Resources (AMER), Rockrose Energy (RRE), Independent Oil & Gas (IOG) and Reabold Resources (RBD)

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Oil price, Coro/Empyrean, IGas/Egdon, Reabold, Cairn And finally…

After a mixed and apparently turbulent week in the oil market the price ended up although less that a dollar. Right now WTI has rallied by 60 cents and Brent by 72c. Today Coro and Empyrean get their Plan of Development for the Mako field offshore Indonesia, good for monetising the gas. IGas and Egdon have announced that at Springs Road ‘significant gas indications were observed’, could this see the East Midlands start to become our own Dallas? Reabold bounce back from Friday’s duster to find in excess of 60m of pay at the Monroe Swell which will be very valuable whilst Cairn now have to wait until the end of the year at best to find out arbitration news.

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Oil price, JOG, Reabold, Plexus, Egdon, Pantheon And finally…

Oil fell at the end of last week although most pointers were, and still are, upwards. Jersey Oil & Gas have spudded the Verbier appraisal well which hopefully add a great deal to the partners knowledge of the block. Reabold have also spudded, theirs is in California at Monroe Swell, a name like that just has to come in. If it does it will pay back very quickly. Plexus have won a contract and the shares were up 30%…Egdon gave an upbeat update, Springs Road might well be a lifeline…And Pantheon, having delivered bad news from Winx on Friday said it was all ok today…

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Oil price, Egdon/UJ.EOG, Savannah, Amerisur, Genel, Aminex And finally…

Oil prices drifted off but remains pretty solid, Opec+ production is falling. The Wressle partners are back submitting yet another planning appeal although what N Lincs council will do is anyone’s guess. Savannah Petroleum has signed the Seven Energy Implementation agreement, not long now before completion…Amerisur spuds the second well off the Indico pad and watch an incredible interview with John Wardle on the link today. Genel also proving that there is life at Taq Taq with TT-32 and the horizontal TT-20z due to complete this month. Finally good news at Aminex where the excellent John Bell takes over as Chairman.

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Oil price, Egdon/Union Jack/Europa, Frontera And finally…

Oil will be around $2 down this week after global GDP worries and stock builds hit markets. The Wressle partners win their appeal and gain an extension but a further appeal is necessary. Finally, don’t write off Frontera quite yet…

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Oil price, IOG, Eco Atlantic, Egdon/Europa/Union Jack And finally…

Oil prices remain weak ahead of the uncertainty that is G20 and Opec+. For IOG it’s a delay for the Blythe and Vulcan hub project until better times for financing appear and for the Wressle partners the amateur army at North Lincs Council continue to have their Luddite way…

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Oil price, President, Egdon, Europa, Union Jack And finally…

Oil strengthened yesterday as inventories, despite showing a build in crude had a draw at Cushing and a decent draw in gasoline numbers. President Energy has had a huge result with its first well of three in Argentina and over at Wressle the partners have had their planning application recommended for approval which doesnt guaranty anything in council circles…

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Oil price, Wentworth Resources, Egdon/Union Jack/EOG And finally…

WTI $63.97 +24c, Brent $69.38 +23c, Diff -$5.41 -1c, NG $3.23 +10c Oil price Oil rallied a touch yesterday after the previous day’s technical drop ahead of the weekend meeting of Opec and Russia in Muscat. After the close the

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