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.