Genel Energy Archives - Malcy's Blog

Oil price, Genel, BPC, Angus, GKP, IGas, Touchstone, Helium One. And finally…

After the inflation worries on the street the dollar rose and oil has dipped today after another rise yesterday. The KRG has tinkered with the payment schedule, Genel remain very robust and of course the payment has only been deferred. GKP were also affected but have little to grumble about after declaring another $25m of divvi just today. Angus have finalised their Saltfleetby finance and Helium One have their EIA. A solid statement from IGas with geothermal back in the frame and Touchstone have Q1 results.

Malcy2021-05-13T14:56:18+01:0013 May 2021|Categories: Daily Blog|Tags: Angus Energy, Bahamas Petroleum, Genel Energy, Gulf Keystone Petroleum, Helium One Global, IGas Energy, Touchstone Exploration|0 Comments

Oil price, JOG, Genel, Predator, BPC, Echo. And finally…

Oil remains in reasonably good nick with the inventory stats showing a decent enough draw this week. Results from JOG are in line ahead of the real excitement expected from the GBA, the big prize for Jersey going forward whilst Genel remain full of confidence in its financial strength. Predator has announced that drilling in Morocco is imminent and BPC have also got their wells in Trinidad starting soon. Also results from Echo Energy.

Malcy2021-05-06T14:00:27+01:006 May 2021|Categories: Daily Blog|Tags: Bahamas Petroleum, Echo Energy, Genel Energy, Jersey Oil & Gas., Predator Oil & Gas|0 Comments

Oil price, Genel, Kistos, Far, Sound Energy, UOG. And finally…

Oil is up again today, the Opec report pushed back the demand rises but they are still overall positive for H2. The API stats showed a decent draw in crude but mixed in products. Genel has announced a useful bunch of payments from the KRG and Kistos has launched a PrimaryBid offer along with a placing and subscription. Far has received news that Remus Horizons has returned for a potential bid, the day before the deadline. Sound has done a crucial bondholders deal very important for operational development going forward. And UOG has announced 'material' upgrade to its Abu Sennan field reserves in Egypt.

Mariette2021-04-15T09:11:56+01:0014 April 2021|Categories: Daily Blog|Tags: Far Limited, Genel Energy, Kistos plc, Sound Energy, United Oil & Gas|0 Comments

Oil price, Genel, IOG, BPC, Predator, Block. And finally…

WTI $64.60 -20c, Brent $68.00 -39c, Diff -$3.40 -19c, NG $2.53 -3c, UKNG 46.25p +2.04p Oil price Oil has been quiet all week as the vaccine worries in the EU ...

Malcy2021-03-18T15:58:58+00:0018 March 2021|Categories: Daily Blog|Tags: Bahamas Petroleum, Block Energy, Genel Energy, Predator Oil & Gas|2 Comments

Oil price, Genel, Aminex. And finally…

Oil has rallied this morning after a fall yesterday on the EIA report and the API stats which were of no use at all. Today Genel announces receipts from the KRG and Aminex updates on Ruvuma.

Malcy2021-03-10T13:23:32+00:0010 March 2021|Categories: Daily Blog|Tags: Aminex, Genel Energy|0 Comments

Oil price, DGOC, Sound, Genel, UOG. And finally…

Another huge week as WTI rose $4.59 and Brent $3.23 on Opec+ supply constraints and Virus concerns abating. DGOC have had yet more good results, Genel announce 10/- b/d from Sarta a creditable achievement with more to come. Sound has sold acreage in Italy and UOG spudded in Egypt.

Malcy2021-03-08T15:54:20+00:008 March 2021|Categories: Daily Blog|Tags: Diversified Gas & Oil, Genel Energy, Sound Energy, United Oil & Gas|0 Comments

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.

Malcy2021-02-16T14:50:04+00:0016 February 2021|Categories: Daily Blog|Tags: Bahamas Petroleum, Block Energy, Genel Energy, Gulf Keystone Petroleum|0 Comments

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.

Malcy2021-01-28T14:06:05+00:0028 January 2021|Categories: Daily Blog|Tags: Genel Energy, Reabold Resources, Union Jack Oil, Victoria Oil & Gas|2 Comments

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...?

Malcy2021-01-19T14:19:41+00:0019 January 2021|Categories: Daily Blog|Tags: Falcon Oil & Gas, Genel Energy, PetroTal Corp, Remus Horizons, Zephyr Energy|0 Comments

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.

Malcy2020-12-29T11:59:06+00:0029 December 2020|Categories: Daily Blog|Tags: Genel Energy, Gulf Keystone Petroleum, PetroTal Corp|0 Comments