Tag: Genel Energy

DGO, Genel Energy

An excellent set of interims from DGO with increased production and a continued vice like grip on costs. Genel announce the continuation of its accretive buy-back programme.

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Genel Energy

Excellent 1H figures from Genel, s thong cash flow and continued returns to shareholders.

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Oil price, Far, Genel, IGas, Reabold, SOCO – And finally…

Oil rallied yesterday on the thoughts of a Fed rate cute and further production cuts from Libya. After the close the better than expected API stats gave a further boost to oil prices and Brent is over $65 this morning. Plenty of company updates but all going well at Far in West Africa with Senegal leading the way, Genel have updated on Tawke where all is good at there and of course Peshkabir. IGas have also updated and is going well, the Bowland shale is very much the pin-up boy. Reabold has topped up in the Corallian raise, we knew it would but the discount helped a great deal. Finally Soco are also updating today and all appears well in Vietnam and Egypt is now underway.

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Oil price, Genel, Petrofac And finally…

Oil in a lull at the moment with diplomatic solutions being exercised and US Secretary of State Mike Pompeo in the Gulf. Genel has announced a share buy-back which adds to their overall return now they pay a divvi and doesnt affect overall growth potential, a wise manoeuvre which should garner support. Finally Petrofac announce their pre-close update in which all is in line with provided guidance. There is some effect of the SFO naming its clients but all clients relationships remain ‘excellent’.

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Genel Energy

in a flash blog whilst traveling I briefly cover news from Genel who are beefing up the senior management to accompany the building of the business.

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Oil price, Savannah Petroleum, Jadestone Energy, United Oil & Gas And finally…

A topsy turvey week for oil as US trade wars now with Mexico spook markets and inventory figures show products building. Savannah Petroleum have moved a stage closer to completing the seven Energy deal with the UERL buy-out being closed and good progress elsewhere. I catch up with the Jadestone Energy figures and they look to be progressing very well. UOG have a new CFO but with much experience and i talk to Doc Holiday about oil stocks.

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Genel Energy, Premier Oil and Diversified Gas & Oil

An AGM statement today from Genel where operations are clearly going very well: total net WI production is 37,600 bopd running slightly ahead of the expected increase in y/y production. Very little to add for Premier at today’s AGM, operationally all is going well, indeed with production of 80.1 kboed the company has seen fit to up its guidance to 75-80 kboed. Today’s update from Diversified Gas & Oil shows Q1 production of 69/- b/d in line with the year end and April production of 70/- b/d.

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Chariot, Genel, VOG

Chariot have had further good news from Lixus today, the new CPR adding more to its potential and the shares are undervalued with 4p of cash not to be forgotten. CEO of Genel Bill Higgs has bought 35/- shares in the market which we like and VOG have a very positive 1Q update.

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Oil price, Sound, Genel, Tower, Amerisur, Getech And finally…

Oil prices fell again after the markets went into risk-off mode worrying about the US/Sino trade talks collapsing. A mixed bag for inventories showed crude building and gasoline drawing, again.
Today Sound have good news from Tendrara as gas flows to the surface without stimulation or artificial lift, next is the rest of the TAGI formation. Genel has a Tawke update with good news from DNO in terms of production and a long drilling campaign. Tower has pushed back the Thali well in Cameroon until July after receiving updated data but that’s not a problem. Finally yesterday saw Amerisur announce approvals for 3rd party transportation through their OBA pipeline which should boost production by 2/- b/d and also results from Getech which show the restructuring going well.

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Aminex,Genel, Predator

Aminex are fighting hard to get back into favour and the current plan looks most interesting. Genel has let its Bina Bali and eventually it’s Miran licences-will also lapse and will be renegotiated on updated and agreeable terms. Finally Predator is firing on all cylinders in Morocco, Trinidad and in Ireland.

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