Hurricane Energy Archives

Oil price, Hurricane, DGO, Genel, And finally…

Oil remained strong yesterday as Russia showed off its excellent production cuts that together with the rest of Opec+ are now making some 15m b/d. Hurricane has received an extension to certain licence commitments pertaining to Lincoln by the OGA. DGO has completed on the purchase of certain assets from the Carbon Energy Corporation and also finished the financing with Munich Re. Finally Genel has announced that production from the Tawke licence should be around 100,000 b/d during 2020, absent any new wells being drilled.

Malcy2020-05-27T13:01:50+01:0027 May 2020|Categories: Daily Blog|Tags: Diversified Gas & Oil, Genel Energy, Hurricane Energy|2 Comments

Oil price, Hurricane, Coro, GMS, Echo

Despite being down a thick dollar today oil has had a good week as the moons align and supply falls, today's fall was China-centric. Hurricane has been testing both wells at the Lancaster EPS but the 7z well needs more evaluation so for the time being will assess the 6 well. Coro has completed the Duyung acquisition now awaits the CPR and Echo has won in the Bond courts as well with the Argentinian government. Finally GMS looks confident as it claims 52% of holders are happy with incumbent management.

Malcy2020-05-22T15:45:06+01:0022 May 2020|Categories: Daily Blog|Tags: Coro Energy, Echo Energy, Gulf Marine Services, Hurricane Energy|2 Comments

Oil price, Hurricane, Aminex, Solo, Columbus,

Oil is easier after the last week of turmoil with more to come... I write about Hurricane after the update and Capital Markets Event and also look at Aminex after the licence extension that pushes them closer to the farm-out deal. I also look at Solo who have a different angle on the announcement. Finally Columbus have brought in the Saffron well on the SW Peninsula in Trinidad in quite a big way...

Malcy2020-04-27T16:03:30+01:0027 April 2020|Categories: Daily Blog|Tags: Aminex, Columbus Energy Resources, Hurricane Energy, Solo Oil|11 Comments

Oil price, Hurricane, Echo, Hunting

Oil is all about the physical for the time being as demand falls and Opec+ cuts are yet to kick in. Today Hurricane have an update, all going well at Lancaster the EPS. Echo Energy has moved fast in cutting costs and pretty successfully as well. Hunting's 1Q was good but off the cliff since then I imagine but 2020 guidance has unsurprisingly been withdrawn. Finally I pay tribute to Bob Catto who died recently.

Malcy2020-04-15T13:45:29+01:0015 April 2020|Categories: Daily Blog|Tags: Echo Energy, Hunting PLC, Hurricane Energy|0 Comments

Oil price, Hurricane, Echo, Far, IGas, iog,

The White House and Senate agree on the $2tn stimulus bill, markets rally, oil doesnt... I look at the Hurricane update in the absence of the CMD, as things go its pretty good. Echo announce a debt restructuring with VAT help and with help from creditors should help. Far has announced that drilling in The Gambia, expected 2H drilling plans for 2020 will be suspended due to the Coronavirus. IGas release a positive update and are not impacted by said virus. Finally, having visited iog I take a look at what lies ahead and it looks pretty good, with a great gas portfolio and current investment at highly advantageous prices.

Malcy2020-03-25T14:28:05+00:0025 March 2020|Categories: Daily Blog|Tags: Echo Energy, Far Limited, Hurricane Energy, IGas Energy, IOG|2 Comments

Oil price, Hurricane, Genel, Rockhopper, Jadestone.

After yesterday's disaster oil has rallied today but not enough methinks. Today i look at the Hurricane results which are incredibly good after the Lancaster EPS has delivered up with guidance but what a time to do so. Genel follow up yesterday's report with results that show how resilient they are at $30 with a flexible capex structure and able to pay a big divvi. Rockhopper , like others are keeping their heads down and still talking to Navitas whilst Jadestone just had a lucky black cat moment...

Malcy2020-03-19T15:59:28+00:0019 March 2020|Categories: Daily Blog|Tags: Genel Energy, Hurricane Energy, Jadestone Energy, Rockhopper Exploration|0 Comments

Hurricane, Echo

Hurricane updates on the GWA JV agreements ahead of the Capital Markets day and Lancaster is still producing20,000 b/d. Echo update on operational and corporate with production going well and increasing debt as a precaution in case of demands on working capital.

Malcy2020-03-06T16:49:42+00:006 March 2020|Categories: Flash Blog|Tags: Echo Energy, Hurricane Energy|4 Comments