Oil price, President, SOCO, Echo, Columbus, Faroe And finally…

The oil price remains firm and this morning is challenging important levels. President has again given a blockbuster statement with more to come this year whilst SOCO's update was good, i like the Egypt acquisition. Echo are on site fraccing in Argentina and Columbus are making steady progress towards their Latin American targets. Finally Faroe has gone as DNO up the offer and buy up shares in the market, it's the market's view but so short term it's almost indefensible...

VOX Markets podcast: Sound Energy, Amerisur Resources, Faroe Petroleum, Ophir Resources, Aminex, Victoria Oil & Gas, Pantheon Resources, Anglo African Oil & Gas and Rose Petoleum

Malcy talks about the following stocks: Sound Energy (SOU), Amerisur Resources (AMER), Faroe Petroleum (FPM), Ophir Resources (OPHR), Aminex (AEX), Victoria Oil & Gas (VOG), Pantheon Resources (PANR), Anglo African ...

Oil price, Rockhopper, Reabold, Getech, Faroe And finally…

Oil finished up but having been up $3 the end was a disappointment. Rockhopper has a good update this morning and Reabold have had another discovery in the USA. Getech have beaten off the difficult conditions to land a monster order to a leading oil and gas company, well done to them.

2019-01-03T11:28:09+00:003 January 2019|Categories: Daily Blog|Tags: , , , |1 Comment

Oil price, Amerisur, VOG, Faroe, RockRose,Ophir And finally…

The oil price finished the year down 19% in Brent and 25% in WTI terms as world markets worry about China, either its economy or dispute with the USA over tariffs. AMER has announced a substantial discovery with ONGC which will prove very valuable, and the VOG recovery continues with final approvals for the vast Matanda block. Faroe has provided a very strong defence in its valuation document and RockRose has also provided substantial year end numbers. Finally as the oil price remains low, another bid appears in the sector this time for Ophir Energy.

Oil price, Faroe, President, Range, Wentworth And finally…

Oil rallied yesterday but fell sharply along with markets worldwide after the Fed raised rates again. Faroe has released its response to the DNO bid which 'substantially undervalues this high growth, full cycle NS business'. Derisory. More good news from President who have closed out the new concessions at Puesto Prado and are getting to work on the assets. Range Resources say that they are paying the coupon on the convertible in shares to keep cash in the business. And from earlier in the week I look at Wentworth Resources who have exited Mozambique and may be one to watch for 2019 on the corporate front.

2018-12-20T10:33:35+00:0020 December 2018|Categories: Daily Blog|Tags: , , , |2 Comments

Oil price, Rose, President, IGas, Faroe, Petro Matad, Lamprell And finally…

An up day for oil as speculators suspected some production falling ahead of the Opec+ meeting next week. Rose Petroleum do a canny deal with Encore and their database keeping exposure, enjoying Vanadium and chance to get stuck into the Paradox Basin. President spud well three in Puesto Flores and IGas spud Tinker Lane, at long last. Faroe start their defence campaign and i comment on a dry hole for Petro Matad and a good move from Lamprell.

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