Oil rallied as Hurricane Ian headed towards the Gulf of Mexico, it's now veered towards Florida. Today i look at DEC with a deal completion and yesterdays buy-back news and Reabold have madea small acquisition. Getech have results and now need to deliver, and i3 add to yesterday's announcement to say that Graham Heath is leaving. Yesterday was a nightmare with so many results and calls/meetings that they are in today's blog.
Oil is sticking at around $90 for Brent, the Fed upped by 75bp and inventory stats were mixed. Jersey Oil & Gas looks in a very strong position with suitors for GBA of a high quality and quantity. Longboat are preparing for Velocette and Getech have upped the ante at Shoreham.
Oil bounced after signs that the Iran deal isnt iminent and Europa borrowed £1m from UJO, Coro have good news from Duyung and I take a fresh look at Sound Energy after yesterday's numbers. Both IGas and Reabold laud the Government's moves on fraccing etc and Getech make a big hire.
Oil fell sharply after Opec added only 100/- b/d which is totally meaningless. Petrofac announce a decent contract, UOG report oil in Egypt and Getech have a very good contract.
The oil price fell after recessionary worries hit, Serica has replied to the Kistos bid and Sound lose this round of the tax dispute in Morocco. Wentworth put this RNS out when I was at the cricket but the ARA pre-emption may be overtaken by TPDC and I wold be surprised if this was over yet. Finally Getech has another piece of good news for the market.
Oil was sharply down on recessionary fears amongst other problems. Touchstone has said that regulatory requirements are being addressed and Angus are still on target at Saltfleetby. Getech continues to impress with contracts and UOG have a duster in Egypt.
Oil rose as production in Libya and Ecuador fell for civil rights reasons. Still no data from the EIA and Macron thinks he has a scoop from Opec. Savannah bring more gas onstream and Petrofac have decent figures looking better in 2H 22. President results good and value still way too low and Getech sign a big contract. Finally Coro have had a good year
Oil is falling due to Chinese demand, Chariot has made a good raise to develop Anchois and push on with the power business. Pharos AGM statement was good and with Vietnam kicking in later this year should be good. Getech are solidly ahead, Hurricane looks cheap as chips and could and should be taken over from here, just imagine what a wealthy parent would do with it...?
Oil fell after the announcement of the SPR draw down and has eased another dollar this morning. Today Petrofac have announced a major contract in Australia, Getech has expanded its Maptium platform offering and Rockhopper has had the Hot with harbour and Navitas extended by a month.
After yesterdays rise oil is down around a dollar this morning falling stocks contributed to yesterdays big rally. Today I see a good set of results and very good progress from Sound and Cath Norman has stepped down as CEO at Far. Pharos have received Ministerial approval for their farm-out inn Egypt which sets them fair for Vietnam growth.