Oil price, Zephyr, Far, Trinity, SDX, Helium One. And finally…

Oil continues to rise, up over a dollar and change this morning. US and Chinese economic data is trumping virus worries now and the US is opening up. Today Zephyr have a very positive statement out with revenue already coming through, Far has announced a new CFO in July and Helium One completes 2D seismic. Trinity have made an onshore acquisition and SDX kick off the Moroccan drilling campaign.

Oil price, Kistos, Far, President. nd fnlly…

Oil is up again after the Opec+ meeting closed reaffirming existing production levels. The API stats showed a 4.32m build ahead of today's EIA numbers. Kistos announced the Tulip bond and a presentation to investors on Friday, in addition I interview Chairman Andrew Austin. And President further operational news and Chairman Peter Levine remains full of beans.

2021-04-28T16:35:26+01:0028 April 2021|Categories: Daily Blog|Tags: , , |2 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, Genel, Kistos, Far, Sound Energy, UOG. And finally…

Oil is up again today, the Opec report pushed back the demand rises but they are still overall positive for H2. The API stats showed a decent draw in crude but mixed in products. Genel has announced a useful bunch of payments from the KRG and Kistos has launched a PrimaryBid offer along with a placing and subscription. Far has received news that Remus Horizons has returned for a potential bid, the day before the deadline. Sound has done a crucial bondholders deal very important for operational development going forward. And UOG has announced 'material' upgrade to its Abu Sennan field reserves in Egypt.

2021-04-15T09:11:56+01:0014 April 2021|Categories: Daily Blog|Tags: , , , , |0 Comments

Oil price, PetroTal, Far, Remus. And finally…

Oil powers on, up again today WTI is up 82 cents and Brent over a dollar up at $64.43, even Sea Lion goes at this price...!It was all about the storms in the US which now run from Dallas to Boston and are here to stay. Even the Houston Ship Canal was shut last night... PetroTal has completed its $100m bond issue which puts it in a very strong position to reorganise the debt and invest in the Bretana field growth. Far is on the receiving end of another Non-Binding offer this time from Lukoil and I look at Remus Petroleum who have been involved in both these companies recently.

2021-02-17T12:59:12+00:0017 February 2021|Categories: Daily Blog|Tags: , , |0 Comments

Oil price, Hunting, Echo, Far, Trinity, Cairn, Petrofac, UOG. And finally…

Oil remains steady after a positive set of inventory stats yesterday. Today the first major winter storms have hit the North East of the US with three feet of snow in places. I have upgraded my 2021 oil price forecasts in line with the bucket list yesterday, I'm now at $55. Hunting have a trading update today, everything is in line with expectations. Cairn has announced a 32p special divvi and Echo have secured a new contract in Argentina. Far has received a potential 2.1c bid from Remus who appeared on the Petrotal shareholder list this week. Trinity has signed an MOU with the Trinidad & Tobago NGC and I report on yesterday's PFC statement. Finally I interviewed Brian Durrant of Unite Oil & Gas yesterday.

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