Oil price, Eco, Predator, Hurricane, IGas, Far, Zephyr. And finally…

Oil is quiet, yesterday it was good inventory stats offset by more worries on inflation. Predator announce that the rig is on its way to Guercif, Eco has been further delayed to the Tullow problems, Hurricane have 3 announcements but shareholders should vote to save their equity. I interviewed Steve Bowler CEO og IGas where he talked me through geothermal and hydrogen. Zephyr are also on the move with more wells on stream and earning money.

Oil price, Serica, Longboat, Pharos, Hurricane, Zephyr, Lekoil, Decklar. And finally…

Oil is quiet, the reporting agencies are out this week and the EIA were somewhat bearish in their comments. They don't generally take into account the politics of the situation and have based their views on supply and demand data. A good result from the Rhum R-3 well for Serica and Longboat announce a raise of £35m and two of three deals to get them started. Pharos update on Egypt and Vietnam but no comment yet on the farm-out whilst Hurricane update on production as they will until 5th July. Decklar has acquired the opportunity to participate in the Asaramatoru field in Nigeria, located in OML 11. I speak to Zephyr CEO, Colin Harrington who tells me about all things Paradox and their new environmental brief and Lekoil Ltd worry about their CEO...

Oil price, Challenger, Predator, VOG, Hurricane. And finally

Oil will be up strongly on the week and economic stats are pretty good. Challenger updates on the Saffron-2 well and Predator has raised £1.5m at 15p. VOG also announce positive news across the board and Hurricane walk away from the Aoka Mizu contract when it expires in the hope of getting a cheaper deal, if not that's it, all over...

Oil price, Chariot, UJO/Reabold, Serica, Hurricane, Touchstone. And finally…

A big rally for oil yesterday as the Iran deal seemed to take a slight turn for the worse, I'm sure it will return. Signs of a pick-up in US air travel also made the oil bulls return. Chariot have made a strong move to become a unique, gas and renewables story covering over 17 countries in Africa. The raise will enable a well at Anchois to be drilled and hasten the roll-out of the transitional power team. Union Jack and Reabold have announced 6 weeks of testing at West Newton whilst Serica have announced an operating update at Columbus and the R3 well. Hurricane have results where they warn of equity destruction and Touchstone have more very positive news from Trinidad.

Oil price, Sound, SDX, Hurricane, Zephyr. And finally…

Oil weakens amongst markets falling all over the world. Sound are showing that they are picking up nicely under new management and SDX have a mixed bag of 1Q figs with increased demand and a duster. Hurricane has announced the date of its convening hearing re the reconstruction. And a short but interesting video from Zephyr.

2021-05-20T13:14:15+01:0020 May 2021|Categories: Daily Blog|Tags: , , , |0 Comments

Oil price, DEC, Rockhopper, Tower, Hurricane/Crystal Amber, Frontier Summit. And finally…

Oil fell off the highs yesterday when the Russian Ambassador to the UN suggested that the Iran nuclear deal is nearly done, Bloomberg said that could mean 4m b/d onto the market. DEC has completed its deal, the first of many I think, and Rockhopper gives results but plenty more to come this summer. Tower reports from Cameroon where also activity has been delayed but may see action before long. War has broken out between Hurricane and Crystal Amber who are asking for significant board changes.

Oil price, DGOC, JOG, Jadestone, President, Hurricane. And finally…

Oil has had a good couple of days as we end the month and mainly on the US economic data which showed GDP of 6.4% and another fall in jobless numbers. DGO has made a most interesting acquisition away from Appalachia down in Louisiana and Jadestone has also had the cheque book out in Malaysia. President has had another great well result and remains rightly confident whilst Hurricane has crash landed with the bond holders pushing the equity players out of the plane.

Oil price, Hurricane, Coro, Echo, Trinity, Advance Energy. And finally…

Oil is unchanged today after a big week last week when the vaccine trade advanced although even though the economic data is good in the US and China the rest of the world is still in a bad way. Hurricane issue a Lancaster production update, Echo also updates on operations and commercial matters whilst there are finals from Coro and an update from Trinity. Finally it's first day of dealing in 'New Advance Energy' today.

Oil price, DGO, Hurricane. And finally…

Slap bang in the middle of the current range, oil is limited to a large extent by the vaccine roll-out and also Opec+ production policy. DGOC's bankers have reaffirmed the existing terms of their credit facilities, here's hoping they use it. And after Hurricane's RNS yesterday I didn't see much that the market wasn't already aware of.

2021-04-08T12:16:42+01:008 April 2021|Categories: Daily Blog|Tags: , |4 Comments

Oil price, Chariot, Hurricane. And finally…

No prizes for guessing that the oil market will be somewhat cautious ahead of Thursday's Opec+ meeting but I'm not for panicking. Today more good news for Chariot who have signed an MOU with the Moroccan Ministry of Energy who will support the Anchois Gas Development. Meanwhile in a brief statement Hurricane has said that a side-track will be complicated and therefore not for this year...

2021-03-02T12:24:15+00:002 March 2021|Categories: Daily Blog|Tags: , |4 Comments
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