Oil price, CEG, GKP, San Leon, Southern, Lamprell. And finally…

Oil fell again after Jerome Powell of the Fed admitted that they may have misjudged inflation leading to a possible recession in the US. What a surprise and those clowns at the ECB and the Bank of England are no better. I have discovered that CEG may be sitting on a windfall by way of its crafty pick up of acreage in Uruguay, Shell and Apache have turned up as new neighbours...Gulf Keystone update shows just how much cash it's throwing off and San Leon are persevering with the Nigerian paperwork which should be highly rewarding. Southern Energy have raised $31m, more than expected and Lamprell find themselves in another fine mess.

Oil price, Gulf Keystone, Petrofac, Predator, SDX.

Oil is still quiet, up just under a dollar this afternoon ahead of the EIA inventory stats. Gulf Keystone announce a $50m special dividend which along with KRG payments bodes well for the shareholders. Petrofac announce a contract with bp's GTA project in Africa and Predator remind us that Mag Mell is crucial to Ireland's energy supply. Finally, SDX has accepted a bid for the company of 10p in shares from Tenaz from Calgary, what has life come to?

2022-05-25T15:49:32+01:0025 May 2022|Categories: Daily Blog|Tags: , , , |0 Comments

Oil price, Orcadian, Gulf Keystone, Coro. And finally…

Oil has bounced by just over two dollars this morning as peace talks seem unlikely to be working. Gulf Keystone has announced figures with a substantial dividend pay-out, Orcadian has announced an extension to Phase 'A' of Licence P2320 and a resource update and Coro has increased output in Italy.

2022-03-30T12:34:25+01:0030 March 2022|Categories: Daily Blog|Tags: , , |0 Comments

Oil price, PetroTal, GKP. And finally…

After a fall yesterday oil is up again today after Russian exports are being throttled by tanker and insurance sanctions hitting. Also inspectors apparently reported that enriched uranium stocks in Iran have doubled - well knock me over with a feather... PetroTal have some slight problems due to social unrest and GKP have their Shaikan payments.

2022-03-04T14:34:52+00:004 March 2022|Categories: Daily Blog|Tags: , |2 Comments

Oil price, Savannah, Advance, GKP, SDX, Lamprell, Chariot. And finally…

Oil stayed high last week but markets are panicking about recession ahead of the Fed meeting on Wednesday. A positive update from Savannah Energy and Advance say how disappointing Buffalo-10 was. Gulf Keystone have an operations update which is like the curates egg. SDX have spudded the second well at Meseda and Lamprell have a potentially large wind client.

Oil price, Genel, Longboat, IGas, Gulf Keystone, IG interview. And finally…

Ahead of the Opec+ Ministerial Meeting this afternoon Brent is knocking on $80 as the 400/- b/d increase is likely to be rolled over. Genel have stopped drilling the Qara Dagh well with technical difficulties but hope to return whilst Longboat has spudded the Ginny and Hermine well. GKP has received Shaikan repayments from the KRG and the arrears are also down too and IGas have completed their RBL redetermination.

2022-01-04T13:24:13+00:004 January 2022|Categories: Daily Blog|Tags: , , , |0 Comments

Oil price, PetroTal, Lamprell, Echo, GKP, Empyrean.

Oil remains firm after the Opec+ meeting maintained the existing pact and will only put 400/- b/d onto the market. PetroTal report that initial production rate of over 7,700 barrels of oil per day for well BN-8H which is excellent. Echo has updated from its Santa Cruz Sur assets, and GKP has received $30.1m from the KRG. Finally Empyrean has announced that it has awarded a well site survey contract to COSL, no surprise there then and Lamprell is raising more money...

Oil price, Challenger, Genel, San Leon, Hunting, Lamprell, GKP, SDX. And finally…

Oil is quiet ahead of the period end, Opec+ and Independence Day. Challenger update on trading and corporate while Genel announce receipts from KRI oil sales. San Leon cover everything in their finals and Hunting update on trading. Lamprell seem ok then announce they are short of dosh while SDX cover Morocco and Egypt. GKP also announce KRG payments.

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