Oil price, PetroTal, Lamprell, Echo, GKP, Empyrean.

Oil remains firm after the Opec+ meeting maintained the existing pact and will only put 400/- b/d onto the market. PetroTal report that initial production rate of over 7,700 barrels of oil per day for well BN-8H which is excellent. Echo has updated from its Santa Cruz Sur assets, and GKP has received $30.1m from the KRG. Finally Empyrean has announced that it has awarded a well site survey contract to COSL, no surprise there then and Lamprell is raising more money...

Oil price, BPC, Empyrean. And finally…

Oil remains in a narrow trading range with conflicting issues pulling and pushing the price. BPC has announced a full range of moves including farm-out, renewal of licences, drilling in Trinidad and Suriname and refinancing, board changes and a name change to name but a few. And Empyrean has proposed plans for drilling the exciting Jade prospect on block 29/11 offshore China.

2021-04-23T12:33:38+01:0023 April 2021|Categories: Daily Blog|Tags: , |3 Comments

Oil price, PetroTal, Jadestone, Providence, Getech, Far, Remus, Empyrean. And finally…

Oil fell yesterday virus numbers were up again in India and now Japan has sounded the warning as well. Inventory stocks were mixed neither helping or hindering. Today its results from PetroTal who to be honest would prefer we looked at this year not last and so would Jadestone who pushed back capex which should repay this year. Its ben a mare for Providence Resources where yet again Barryroe has hit the buffers, another spell in A&E for them. Getech update positively and Empyrean get a tax rebate from the US. I also have another look at Far/Remus carried over from yesterday which has been a real FARce as Remus appears to be a man of straw.

Oil price, IOG, Petro Matad, President, Touchstone, Empyrean. And finally…

Oil is very quiet still, IOG have started the drilling on Phase 1 in the SNS and Petro Matad are continuing their licence for exploitation application. President update on drilling, Touchstone have a success at Ortoire and Empyrean up the chances of success in China.

Oil price, Bahamas Petroleum, Coro/Empyrean, Block. And finally…

After another very good week the good news of the $900bn US deal has been trumped by the news that there is a new Covid variant and markets and commodities are in free fall as I write. BPC has spudded the Perseverance#1 well, one of the biggest wildcat wells for some time and Coro and Empyrean are moving forwards with the Mako Gas Project. Finally Block Energy looks like it has made another smart NED appointment.

2020-12-21T12:12:19+00:0021 December 2020|Categories: Daily Blog|Tags: , , , |0 Comments
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