Oil price, Scirocco, Eco Atlantic, SDX, Longboat, Prospex, Gulfsands. And finally…

Oil rose last week but July was another down month, demand falling as the recession arrives is deemed responsible. Today Scirocco update on Tanzania, probably more interesting to Aminex and Wentworth...Eco Atlantic have a big update but its a very exciting outlook, whilst Longboat spud Oswig and Prospex update on El Romeral. Finally I had the opportunity to interview John Bell of Gulfsands last week and the detail is in the blog today.

Oil price, PetroTal, Gulfsands, Egdon/UJO, CEG, Petrofac. And finally…

Oil is up today as demand looks stronger than any supply in the future. PetroTal has issued a very upbeat Q1 update which makes me want to increase the TP again. Gulfsands have done a very smart deal in Colombia which might not have been possible a few years ago. Petrofac are slightly cautious about the short term but the long term looks good to me, Egdon has paid off some debts and is making good returns from Wressle particularly, Union Jack gains from being paid back. Finally Challenger has gone on with its Uruguay acreage which is now looking very exciting.

Oil price, Sound, Gulfsands, Touchstone, Rockhopper. And finally…

Its an up day for oil after yesterday when the so called market pros took money off the table mainly in WTI. I look at Sound who are continuing the good news in Morocco and Gulfsands who have received an extension and expansion of its facilities. Also a good oil find from Touchstone and good news from the Tribunal from Rockhopper.

Oil price, Ascent Resources, Gulfsands Petroleum

Oil rallies and Brent is nearly $40 and nearly in backwardation, the Opec+ meeting on Thursday might make or break that...Today I look at Ascent Resources where the new team are really getting to grips with things and also Gulfsands Petroleum where further cost cutting continues but still looks very exciting for those with a long perspective.

2020-06-02T12:57:15+01:002 June 2020|Categories: Daily Blog|Tags: , |4 Comments
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