Oil price, Jadestone, Gulf Keystone, Serica.

After the Fed raised rates yesterday it was the turn of the Bank of England today and it was no surprise that the Old Lady added her 25 bp's worth this morning. Today, finally, Jadestone announced that production at Montara had finally got underway again and will settle over the next few days before guidance is issued. GKP issued an excellent set of results but where is the growth at Shaikan to come from? And Serica completed the Tailwind acquisition.

2023-03-23T15:50:25+00:0023 March 2023|Categories: Daily Blog|Tags: , , |0 Comments

Oil price, PetroTal, Eco, GKP, Harbour. And finally…

Slightly more drift in oil as a follow up to Jay P's fit of the vapours but the inventory stats were better than expected, an actual draw in crude of 1.694 barrels when the spotty kids were expecting a build. PetroTal updated the market, after a dip, production will rise, debts are to be paid off and a return to shareholders is imminent. Eco Atlantic have been reading Africa Oil's homework but the CPR is very exciting-for both of them. GKP are revealing numbers from the KRG which include the new price formula and Harbour have reported results but are very angry indeed with the UK Government over the Looney Tax.

Oil price, Serica, GKP, Longboat, Predator. And finally…

Oil is up after Saudi Aramco raise the oil price to Asian customers seeing a rebound in Chinese demand. A good update from Serica and with Tailwind it should be better whilst GKP have warned about the Ceyhan pipeline and terminal post the earthquake. Longboat are indeed looking at Asia and Predator issue an interview with Paul Griffiths.

Oil price, PetroTal, GKP, UOG, Trinity. And finally…

Oil even yesterday as inventory stats were better than the API. Today PetroTal publish ESG data, GKP receipts from the KRGand UOG update in detail. Finally Trinity have announced that they are going to drill the Jacobin well which would be a significant one.

Oil price, IOG, GKP, Prospex, Echo. And finally…

After a bad start to the week when China's Covid problems dominated the last two days have seen a fightback, partly due to reaction to the US inflation figures which took the steam out of the greenback. Today IOG update on the operational matters following recent unfortunate events and things are looking better, GKP update on money received and Prospex may have to buy a fair bit more and fund a well in Spain.

2022-11-11T13:03:04+00:0011 November 2022|Categories: Daily Blog|Tags: , , , |0 Comments

Oil price, Ithaca, Genel, GKP, Trinity, Southern. And finally…

Oil was very quiet yesterday unchanged on the day. Ithaca is returning to the London market and Genel and GKP announce KRG payments whilst Trinity complete the buy-back programme. Finally I get to meet with the management of Southern Energy Corp and have issued an initiation Target Price of 150p.

Oil price, Touchstone, Scirocco, Orcadian, GKP, Block. And finally…

Oil rallied a touch yesterday and has again today, the API stats were mixed the EIA are imminent. Today Touchstone are close to a major milestone and Scirocco paint a picture of the immediate future after Ruvuma. Orcadian complete the farm-out, GKP pay-down debt and I catch up late with Block's CPR.

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