Tag: Frontera Resources

Oil price, Frontera, Solo, Echo, Reabold, RockRose And finally…

Oil rallied small yesterday mainly on Libya shortfall but is better this morning after a surprise draw of crude stocks of 10.2m reported after the close by the API, gasoline drew 2.5m barrels, also better than forecast. Frontera has signed a term sheet for a loan of up to $60m which will accelerate activity in Georgia substantially and Solo continues its tidy up with sale of its interest in PEDL 331 to UKOG. I also follow up from yesterday on Echo Energy and Reabold Resources.

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Oil price, SDX, Faroe, Frontera And finally…

Another bad day for crude as supply worries persist ahead of the Opec+ meeting next week. Good figures from SDX as expected and also as expected an opportunistic bid for Faroe from DNO. Frontera also announce mobilisation of a workover rig to the Taribani field.

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Oil price, Savannah, Eco Atlantic, Frontera, Serica, Afren And finally…

Crude prices are still subdued as inventories build and production exceeds demand, for the time being. Savannah are close to the Seven Energy deal completing which has significantly enhanced their position in Nigeria. Talking of completing, Eco Atlantic has completed its farm-out to Total in Guyana and are now in a position of considerable strength. Frontera have confirmed that they are still talking to another industry major and Serica has received OGA approval for the Columbus FDP. Afren crooks locked up and also a link to this week’s podcast.

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Oil price, President, Frontera, Faroe, And finally…

With less than a week to go until sanctions apply to Iranian oil it looks like the market is supplying enough, even for this quarter and all eyes should be on what will be a weaker start to next year. Another very positive RNS from President where the numbers are really coming through after highly successful drilling programmes this year. At Frontera the major oil company they are working with is Baker Hughes who should be a significant help as they develop Block 12 in Georgia. Finally, Faroe are increasing and extending their RBL to be ‘fully fit for purpose’ and be ready to repel boarders as they plan for continued growth although it does look like another addition to the defence document.

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Oil price, Frontera, RockRose, Touchstone And finally…

A funny week comes to an end, downward pressure on the oil price, a bit better this morning. A word about Frontera after the positive presentation and a catch up on RockRose and Touchstone. I’ve been running around interviewing and meeting people this week and there are at least three links today.

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Oil price, Rockhopper, Frontera Resources, i3 Energy, United Oil & Gas And finally…

Oil prices firm up ahead of the Opec+ meeting next Sunday, today’s EIA inventory stats will be important after a mixed bag from the API. I look at results from Rockhopper and comment on Sea Lion as well as further comment from Frontera. Catching up from yesterday I look at the UOG fund raise and news from i3 regarding their partner problem.

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Oil price, Frontera Resources, Reabold/Upland, Soco And finally…

A quiet start to the week with oil up around 40+ cents today after last weeks gains. I look at Frontera who have problems with Yorkville but operationally looking pretty good. Also Reabold and Upland are now shortly able to spud the Wick well and Soco adds a new RBL plus an accordion.

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Oil price, Coro Energy, Hurricane, Frontera, And finally…

Labor Day in the US when the driving season finishes but demand for products remains high. I look at Coro Energy’s first deal in Indonesia which looks a very good start in the region and Hurricane announce a farm-out Greater Warwick area licences to Spirit Energy.

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Oil price, Frontera Resources, DGO, Echo Energy Link And finally…

WTI $68.76 +68c, Brent $72.90 +74c, Diff -$4.14 +6c, NG $2.72 -2c Oil price Computers work fast and do not differentiate between news as proved yesterday when the EIA inventory stats came out. The initial build in crude stocks of

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Oil price, Sound, Faroe,Frontera,DGO,UOG, Echo,RockRose,Eco (Atlantic), Hurricane, And finally…

WTI $73.45 +69c, Brent $77.85 +23c, Diff -$4.40 -46c, NG $2.94 -4c Oil price Oil appreciated yesterday but I can add little, all is going as expected with a few twists. Supply is under pressure from all sides, WTI is

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