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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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Oil price, Genel, DGO, Sound. And finally…

Oil fell sharply, mainly on COVID which is fast closing economies, particularly in Europe. The EIA stats were a mixed bag, crude stocks built by some 4.3m barrels whilst gasoline drew, but distillates fell 4.5m b's. In the meantime overall consumption in the US grew again, by 1.5m b/d to 19.6m b/d, huge. Genel has announced good production figures from Tawke and payments from the KRG. DGO have again showed how good the model is and have increased the dividend by 7%. Finally, Sound Energy have proposed a debt restructuring as operationally they continue to do well.

2020-10-29T13:13:55+00:0029 October 2020|Categories: Daily Blog|Tags: , , |2 Comments
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Oil price, Zephyr Energy, Total Market Solutions Podcast. And finally…

Oil is drifting and was around even on the week. Zephyr Energy has announced a raise of £2.25m which is more than enough to cover their costs of the dual use well in the Paradox Basin. I link to a Podcast with Total Market Solutions as part 1 of 2.

2020-10-19T10:55:44+01:0019 October 2020|Categories: Daily Blog|Tags: , , , , , , , , , , , , , |0 Comments
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Oil price, Genel, San Leon, Bahamas, Jadestone, Pantheon. And finally…

Oil remains mixed, with tilting downside as virus numbers continue to rise. Genel has successfully completed the $300m bond issue and also had August money from the KRG. San Leon continue to show that its model is really working, buy this share and the yield might be 30%... BPC actually has a date to drill Perseverance#1 at Christmas and Jadestone has pushed back the Maari deal due to the General Election and Pantheon has some numbers from Talitha.

2020-09-25T14:13:05+01:0025 September 2020|Categories: Daily Blog|Tags: , , , , |6 Comments
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Oil price, DGO, President, Genel, Rockhopper.

Oil continues to drift but news is mixed, the virus vaccine is back into trials and economic data from China is better. Tropical Storm Sally is headed towards shore and the GoM is shutting in but this one may hit refineries more with flooding. DGO has confirmed its super dividend for UK shareholders and President report more operational success in Argentina. Rockhopper remains an interesting geared option on Sea Lion and its arbitration case. Finally, Genel has announced publication of its first comprehensive sustainable report and looks to be well placed and very investible.

2020-09-15T10:27:32+01:0015 September 2020|Categories: Daily Blog|Tags: , , , |0 Comments
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Oil price, Genel, Sound, Pharos, Hurricane. And finally…

Oil has drifted again today, the delayed EIA inventory stats were hit by Laura, although crude built 2m barrels products drew as refinery utilisation fell with some refineries still closed. Genel announces that they may raise up to $300m to replace existing facilities, wise move from a position of strength. Sound's interim statement is short, nothing new but we know the new management are flat to the boards right now. Pharos has received permission for the full field development plan at TGT and Hurricane have taken a sharp knife to the CPR under new management..

2020-09-11T13:44:15+01:0011 September 2020|Categories: Daily Blog|Tags: , , , |0 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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