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Oil price, Rockhopper, Chariot, SDX, Europa – And finally…

Oil came back sharply yesterday as the Saudis said that production would be back to normal by the end of this month, way sooner than expected. Rockhopper results are fine but its all about Sea Lion which is progressing waiting for senior debt and of course the Ombrina Mare arbitration. At Chariot they have a CPR over additional prospects in the Lixus licence which takes the number to over TCF. SDX has had a find in Egypt and adds 315 b/d to production and EOG has been awarded an offshore licence in Morocco, the current hot post code internationally.

2019-09-18T12:19:09+01:0018 September 2019|Categories: Daily Blog|Tags: , , , |4 Comments
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Oil price, Cluff, Providence/Lansdowne, DGO, IOG, EOG – And finally…

Oil is quiet at the moment although the inventory figures will be as important as ever this week. Cluff Natural Resources has completed its farm-out to Shell with a well to be drilled soon. Providence and Lansdowne are being forced into another week's extension as the Chinese money is still not in...DGO has announced that its divi will from now, have a GPB Sterling alternative which has gone down well. Catch up from yesterday on IOG where LOG has restructured and EOG have had a Government extension at FEL 2/13.

2019-08-13T12:10:37+01:0013 August 2019|Categories: Daily Blog|Tags: , , , , , |0 Comments
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Oil price, Rockhopper, IOG, EOG, Reabold, Far, President, Cairn, Jadestone – And finally…

Oil drifts further despite more stock draws, the EIA will be important later. Today I comment on Rockhopper who have a well result for United and IOG who have spudded Harvey at last. EOG have converted LO 16/20 into FEL 4/19 but still have no farm-out. Reabold have spudded in Romania and I catch up from yesterday with Far Limited where CNOOC has acquired 55.5% of Svenska's interest in Guinea-Bissau. Also from yesterday another upbeat statement from President, Cairn sells half of its stake in Nova and Jadestone get the final all clear for Montara.

2019-08-07T11:55:09+01:007 August 2019|Categories: Daily Blog|Tags: , , , , , , , |0 Comments
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Oil price, Echo, Amerisur, VOG, Eco, Reabold, Egdon, Union Jack, EOG – And finally…

Last week oil prices edged up only by a few cents and the battle remains between Geo-politics and stuttering GDP numbers. Today, Echo Energy announce further progress in seismic data processing in Argentina with drilling still planned for 4Q of this year. Amerisur have a regular update on operations with the Sol-1 well confirmed as a 'modest discovery' and Indico-2 next to be drilled. Production remains in line with guidance. VOG confirm last weeks' rumours of a huge deal selling gas to Aksa Energy and Reabold have exciting wells to drill in west Brentwood. Eco Atlantic are cheered by Qatar Petroleum farming into Guyana and Tullow asking for an extension to the Jethro drilling programme. Good news also for the Wressle oil field participants..

2019-07-29T13:05:16+01:0029 July 2019|Categories: Daily Blog|Tags: , , , , , , , |10 Comments
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Oil price, Chevron/Anadarko, Europa Oil & Gas, Rose Petroleum And finally…

The oil price will end the week up nicely as supply constraints remove excess stocks worldwide. The big international news is that Chevron are buying Anadarko for $33bn whilst at home EOG results show promise in the future, not the past. Finally Rose Petroleum directors keep their promise and buy shares in the market.

2019-04-12T11:34:08+01:0012 April 2019|Categories: Daily Blog|Tags: , , , |0 Comments
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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.

2019-02-05T12:38:06+00:005 February 2019|Categories: Daily Blog|Tags: , , , , , , |1 Comment
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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...

2018-11-29T09:39:44+00:0029 November 2018|Categories: Daily Blog|Tags: , , , , |0 Comments
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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...

2018-11-22T09:42:20+00:0022 November 2018|Categories: Daily Blog|Tags: , , , |0 Comments
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Disclaimer: Malcy’s Blog is provided for general information about the international oil and gas industry and the companies that operate within it. It does not constitute investment advice and Malcy does not buy or sell shares, warrants or bonds in any company written about within the blog. Information is taken from publicly available sources and any comment is that of the author who does not take any third party comment in the publication.