Oil drifted on bank worries ahead of the inventory stats. I have an interview with Andrew Austin, Chairman of Kistos in today and Challenger talk about Uruguay. Finally Harbour strike off Mexico.
A deal from Kistos which looks to be another beauty, and good trading statement from Hunting today, who could ask for more...?
DEC completes on Tanos, Touchstone well looks cautiously optimistic, San Leon creating more value through Decklar, Angus well ready to test and management changes with funding and Scirocco pick up on Aminex delays plus Hunting.
Baby it's cold outside and the oil price is up nearly 8 dollars from last week as products tighten. PetroTal announce that river access is back again and Kistos have paved the way for distributions. Finally Hunting has shown a brilliant set of figures and I check out Getech from yesterday.
Oil rallied after the IEA worried about supply shortages. Jadestone have walked away from the Maari acquisition and Hunting have a very positive update. Wildcat announce a raise and backing from Waterford Finance.
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....
A mixed day for oil, end of month and quarter, Opec meeting and rollover of August Brent. A delay for San Leon, not unusually, I look at Hunting from yesterday, Serica who are in sweet form and have announced an interim divvi, and Lamprell, what a mess...
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.
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.
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.