After yesterdays rise oil is down around a dollar this morning falling stocks contributed to yesterdays big rally. Today I see a good set of results and very good progress from Sound and Cath Norman has stepped down as CEO at Far. Pharos have received Ministerial approval for their farm-out inn Egypt which sets them fair for Vietnam growth.
Oil has fallen sharply again today, Covid in China worrying. Today good results from Genel and news from Sound who are ploughing ahead at Tendrara. UOG, has more success and news from President and Far who are exiting Guinea Bissau. Scirocco note Helium One data.
Oil is up nearly $2 today after the falls of last week. PetroTal have reached a settlement with protesters near the loading facility and Touchstone have made a further discovery at Royston-1. Finally Far have made a great deal of progress at the Bambo-1 well which is tight but looks mighty interesting.
Malcy talks about the following stocks: Jersey Oil & Gas (JOG), Rockhopper Exploration (RKH), Empyrean Energy (EME), Trinity Exploration & Production (TRIN), Infrastrata (INFA), Far ltd (FAR.ASX) and Zenith Energy ...
WTI $43.23 -97c, Brent $46.02 -89c, Diff -$2.79 +8c, NG $2.91 +1c Oil price Momentum seems to be the watchword in what is a particularly lethargic market at the moment, ...
WTI $51.15 +12c, Brent $54.36 +19c, Diff -$3.21 +7c, NG $3.27 -3c Oil price I am just back from a trip to West Africa, Cameroon to be exact where I was ...