Oil price, PetroTal, IOG, Zephyr, Angus, Hunting, Eco. And finally…

Oil rose yesterday ahead of today's Fed symposium at Jackson Hole Wyoming, tomorrow we will hear the rate decision. The EIA inventory stats showed a big crude draw of 3.3m with a fairly quiet product market. Today PetroTal have another excellent report, IOG update after a small reduction in guidance and Zephyr have wrapped up a small parcel of acreage at the Paradox Basin. IOG deliver the first revenue and net profit and Angus are nearly over the line at Saltfleetby whilst Hunting are mega bullish about the sector, me too. Finally, under the cover of 1Q numbers Eco manage to advertise wells coming up in South Africa and Namibia....

2022-08-25T17:22:57+01:0025 August 2022|Categories: Daily Blog|Tags: , , , , , |0 Comments

Oil price, Challenger, Hunting, Hurricane, President. And finally…

A sharp fall for oil yesterday as the IMF brought down its growth forecasts and increased its inflation numbers, the only good thing is that, like the IEA they are always wrong. Challenger continues its restructuring with decent gains in production while Hunting is unsurprisingly busy on all fronts. At Hurricane the monthly operating stats remain positive and President has a lengthy update with good realisations and closer to a big exploration well.

2022-04-20T10:32:56+01:0020 April 2022|Categories: Daily Blog|Tags: , , , |0 Comments

Oil price, Eco Atlantic, Hunting, UOG.

Brent is up another 3 bucks to $116 this morning after continued bombing in the Ukraine and limited signs of supply. Worth noting that UKNG is 465p this morning, good news for gas producers and why we should be encouraging more of. Eco Atlantic has hired a rig for Gazania-1 in South Africa, Hunting is loking very solid and UOG have a mixed bag of M&A news.

2022-03-03T14:51:31+00:003 March 2022|Categories: Daily Blog|Tags: , , |2 Comments

Oil price, Savannah, IOG, Advance, Hunting. And finally…

Oil is very quiet at the moment and Brent expiry is putting a dampener on things. Plenty from Savannah who have completed the raise and have published its Admission Document following the Exxon Mobil and Petronas deals. IOG has spudded the Southwark well, Hunting has tidied up its North Sea stuff and Advance updates from the Buffalo project.

2021-12-31T15:47:57+00:0031 December 2021|Categories: Daily Blog|Tags: , , , |2 Comments

Oil price, DEC, Chariot, Predator, Hunting. And finally…

Oil is taking a breather primarily due to inventory numbers but also that worries from Russia that Covid is back. Also Putin has suggested again that gas flow may be increased to the west, prices are down in Europe but up in the US. DEC have updated on trading, Chariot have signed up an MOU on gas sales at Anchois and Predator have interims out today. Finally, Hunting have a 3rd quarter trading update today.

2021-10-28T14:35:38+01:0028 October 2021|Categories: Daily Blog|Tags: , , , |0 Comments

Oil price, PetroTal, IOG, Helium One, Hunting, Echo. And finally…

Oil has rallied again and should end up on the week after the malarkey of recent falls. Today is the virtual Jackson Hole symposium where the taper will be discussed. Tropical storm IDA might become a Cat 3 hurricane as it skirts Mexico and China is boosting the economy. Good solid results from PetroTal, a very good long term outlook, IOG are getting closer to first gas just when prices are at their highs and Helium One drills a duster and cancels well three in this programme. Finally a solid recovery from Hunting as one would expect and a good update from Echo who are increasing liquids production.

2021-08-27T16:34:02+01:0027 August 2021|Categories: Daily Blog|Tags: , , , , |0 Comments

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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