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Oil price, Genel, BPC, Block, GKP. And finally…

Crude oil continues to rise with Texas freezing over and the market a shambles as companies buy power on the market. With vaccinations rising and Covid cases falling 'dramatically' the US is looking up. Genel update on reserves and resources and remain in a strong position, BPC meanwhile update on post P#1 news and plans for Trinidad, Suriname and Uruguay. Block are selling gas in Georgia at last and GKP also have a positive reserves report on Shaikan.

2021-02-16T14:50:04+00:0016 February 2021|Categories: Daily Blog|Tags: , , , |0 Comments
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Oil price, Genel, UJO/Reabold, VOG. And finally…

Yesterday oil got caught up in the market sell off and the great retail fight against the horrible hedgies. Underlying stock inventories were good and crude is up again today. Genel has received payments from the KRG for December production at Tawke and...Sarta! Union Jack announce a new technical presentation on West Newton which is very positive and Reabold announce a fund raise of £7.5m. Things are picking up slowly at VOG which I guess is how the new management would like to see it.

2021-01-28T14:06:05+00:0028 January 2021|Categories: Daily Blog|Tags: , , , |2 Comments
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Oil price, Genel, PetroTal, Zephyr, Falcon, Kosmos, Remus. And finally…

Oil is already rallying and its a busy blog with Genel updating the market, and PetroTal completing an agreement with Petroperu as well as Kosmos making a discovery in the GoM. Also Remus comment on their current targets whilst Falcon have confirmed a discovery in Australia. Finally I interviewed Colin Harrington of Zephyr, surely a ten bagger in a short time...?

2021-01-19T14:19:41+00:0019 January 2021|Categories: Daily Blog|Tags: , , , , |0 Comments
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Oil price, Genel, Gulf Keystone, PetroTal, Malcy on IGTV. And finally…

Oil remains steady with the January Opec+ meeting next week, President Trump signing the Bill and the UK getting a final Brexit deal. Genel has received money in from the KRG for November sales at Taq Taq and Tawke and is looking strong with Sarta crude being invoiced this month. GKP also received money in from the KRG from Shaikan sales. PetroTal are now, having solved the recent problems, flowing crude into the ONP.

2020-12-29T11:59:06+00:0029 December 2020|Categories: Daily Blog|Tags: , , |0 Comments
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The Bucket List 2021

The 2021 Bucket List.

2020-12-16T13:19:25+00:0016 December 2020|Categories: The Bucket List|Tags: , , , , , , , , , , , , , , , , , , , , |12 Comments
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Oil price, Genel, Jadestone, Sound. And finally…

Oil has continued its rally and Brent has broken the magic $50 level and has held over a number of sessions. Genel have announced the good news that the KRG override payments are to resume with the January 2021 invoice. Jadestone has said that it is about to close the Lemang PSC acquisition 'within the coming days'. Finally, yesterday Sound announced that it is continuing to negotiate its Euro debt but still needs more support for the 75% needed to cross the line which it is progressing.

2020-12-11T11:14:14+00:0011 December 2020|Categories: Daily Blog|Tags: , , |2 Comments
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Oil price, Genel, Zephyr, Kistos, Echo, UOG. And finally…

Oil remains quiet ahead of tomorrow's Opec+ meeting but good news on the virus vaccine is announced as the UK approve the Pfizer product. Genel announce that first liftings from the Sarta field have been made and Zephyr have received final approvals for the 16-2 well. I interviews Andrew Austin, Chairman of Kistos yesterday, the link is here and at Echo they have news of VAT in Argentina. Finally UOG announce a programme in Egypt.

2020-12-02T10:48:38+00:002 December 2020|Categories: Daily Blog|Tags: , , , , |5 Comments
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Oil price, Genel, GKP, BPC, Providence, San Leon, Echo. And finally…

Oil is quiet today as with the Opec members talking amongst themselves and the Opec+ meeting put back until Thursday few bets are being taken. Genel and GKP have received their October payments from the KRG and BPC has revealed strategy for Trinidad and Suriname along with extensive drilling programme and a CPR. Providence announced the Barryroe farm-out yesterday and this morning San Leon note that they have a 4.5% NPI on the field. Echo update on debt and production as well as an equity raise.

2020-12-01T13:37:32+00:001 December 2020|Categories: Daily Blog|Tags: , , , , , |0 Comments
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Oil price, JOG, Genel, Union Jack,Egdon, President. And finally…

A good week for oil has quietened down, may due to todays Thanksgiving Holiday. Today JOG announce the acquisition of the final piece of the GBA jigsaw, Genel have first oil from Sarta and President have another discovery in Argentina. Egdon announce a small delay to Wressle but first oil should be in January and they have borrowed £1m from Union Jack who also announce some directors buying.

2020-11-26T17:23:36+00:0026 November 2020|Categories: Daily Blog|Tags: , , , , |0 Comments
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Oil price, Genel, IOG, BPC, Touchstone. And finally…

Oil rallied with good economic data from China and the USA but COVID cases still rise and US elections create uncertainty. Genel update in a very positive manner across the board. IOG have awarded the rig contract for the Core Project to Noble and BPC update on Trinidad and Tobago and Suriname. Finally Touchstone easily raised its £23m yesterday at a modest discount to the price, onwards and upwards.

2020-11-03T15:59:52+00:003 November 2020|Categories: Daily Blog|Tags: , , , |4 Comments
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Disclaimer: Malcy’s Blog is provided for general information about the international oil and gas industry and the companies that operate within it. It does not constitute investment advice and Malcy does not buy or sell shares, warrants or bonds in any company written about within the blog. Information is taken from publicly available sources and any comment is that of the author who does not take any third party comment in the publication.
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