Oil is not short of influences from the short term reopening of the Turkey pipeline to the longer term over demand in the market. This brings Genel and GKP back into play. Touchstone has Q1 results but that's not the story for this year and Predator have raised a little for Morocco activities.
An MOU in Niger from Savannah for 2 solar power stations and an update from Genel about the pipeline. Also another blistering quarterly report from PetroTal.
A quarterly update of the Bucket List to reflect recent performance as well as a year/year check.
Oil rallied sharply with shortages around and books levelled ahead of the quarter and importantly the Opec meeting on Monday. JOG have announced that they have signed Heads with a significant UK North Sea operator for the GBA and GKP update on the Iraqi pipeline.
Oil was firm yesterday with the Turkey pipeline keeping 400/- b/d off the market. Today Genel add to the detail of that shut-in at local level. Kistos update the market on Benriach and the Netherlands and Arrow publish year end reserves data. Southern have also released a great deal of data as they throttle back the drilling programme in the current low natural gas price environment. Coro update on Asia and Predator confirm details of the raise.
Oil rallied last week as rate rises seemed to be coming to an end. Today Genel and GKP have fallen after the closure of the Iraq-Turkey pipeline. Coro has sold its Italy acreage and will bet on South East Asia now, and COPL has announced a $14.8m bond.
Oil, amongst other international markets is waiting, fixated on Fed boss Jay Powell as he tells the world at 6pm what the 25 bp rise will be...Today Genel has filed results which are as always solid and strongly supporting the 12% yield and Pharos has also published a good set of figures. Arrow has also updated the market, this time another excellent well result, my 50p target remains...
Genel announce pretty good reserve numbers, a big pool for the company to work with. San Leon note Decklar shipment and pipeline numbers, must be good news and Union Jack, Egdon and Europa update Wressle, good numbers of course. Scirocco start the process of changing up the board and as for Hurricane, well it's not bad really...
Genel announcing KRG oil sales and price details, IOG announce the spud of the Blythe well and Touchstone reveal a very strong reserves report.
Genel sign with Morocco re Lagzira, remember Sidi Moktar (?). Scirocco start changing the board, slowly right now but the makeup will change. SDX update on the portfolio and COPL have been hit by the weather...