Oil fell yesterday after the Russians said that Opec doesn't need to cut any further at next week's meeting. Touchstone has topped up its debt facility ahead of Cascadura and testing at Royston, Savannah comment on COTCo and Echo confirm sale of most of Santa Cruz Sur. And I note that EOG is having a shareholder meeting on the 8th June.
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.
Malcolm is joined by new guest William Holland, CEO of Europa Oil & Gas. William talks us through an overview of the company, as well as their recent results and ...
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...
No hiding place for oil as markets continue the meltdown with banks doing what they do best. Today Sound show that things are looking pretty good and Reabold are back in the spotlight with a 'possible bid'. i3 Energy announce their divvi and EOG replace the CEO with the CFO.
A small rally and no real change after the EIA report or the API stats. Gulfsands remind us about Syria, Longboat has received some awards, and Orcadia has disposed of Crinan and Dandy after a good resources report at Pilot. Hurricane update, Deltic say Shell are testing at Pensacola and EOG have an update.
Oil fell as I suggested yesterday on the US services data suggesting that the Fed will keep increasing rates and supporting the greenback. Scirocco show some of the details ahead of their Capital Markets presentation later and Europa have an AGM statement.
Oil is falling as traders level off their books ahead of the long Thanksgiving Holiday. Jadestone sign off the remaining 10% interest in the Lemang production sharing contract onshore Indonesia and Deltic spud Pensacola. Europa have released themselves from offshore Morocco having found no partners and Prospex are going great guns in Italy.