Oil fell again sharply as the Fed raised rates again. Today Sound Energy have finals and end the tax case in Morocco whilst Union Jack make good money on an investment. Arrow has spudded at the Carrizales Norte and I look at Gran Tierra from yesterday.
Oil will likely end up on the week, it is up 3 bucks today. Chariot are moving into larger scale green hydrogen and ammonia production projects in Morocco in addition to hard work on the gas side. COPL has issued 6,996,500 common shares pursuant to a conversion of $800,000 principal of 2024 Bonds and $600,000 principal of 2025 Bonds. Finally a mention of Gran Tierra which I like the look of but havent met yet...
A mixed week for oil in thin trade. I comment on a meeting with DEC and cover debt from Gran Tierra and SDX figures from yesterday.
Oil continues to drift, even after today's better than expected US CPI numbers markets rallied but not the oil price. Maybe as it's the monthly reporting time that is responsible but I'm convinced that underlying the bulls will out. Last night both Serica and Kistos walked away from hostile activity and will remain independent. Today sees the return of Afentra to the market following suspension after the Excellent deals in Angola and it looks to be very positive indeed and are seriously going places. Finally I caught up with Gran Tierra after figures on Monday.
Oil fell yesterday on China problems but is up today as the EU start the process of stopping Russian oil and products. Reabold has walked away from Victory as Corallian is bid for, seemingly preferring to spend on West Newton, I don't blame them. Another cracking set of numbers from Gran Tierra across the board and SDX have tied in of the SD-5X Warda well whilst Empyrean are going for Topaz.
Another up day for oil with diplomatic activity between Russia and the USA over the Ukraine unsettling markets. Serica has had another great statement after a superb year and Pharos has had another Government signature for the El Fayum Concession agreement. Finally from yesterday comments on Far and Gran Tierra.