Hurricane Energy

Hurricane has announced interims which for the first time show the not insubstantial effect of 1.6m barrels of oil produced since start up and of which some $22m worth of revenue was booked in the period. Overall a highly satisfactory continuance of delivery from Hurricane.

2019-09-20T10:30:20+01:0020 September 2019|Categories: Flash Blog|Tags: |0 Comments

Hurricane, Amerisur, Coro, DGO, IGas

A cracking discovery from Hurricane this morning as the Lincoln Crystal well comes in strongly. Amerisur have interim results which show strong production and the resulting cash flow puts them in a strong position as the vultures gather in Bogotá. Coro also has interims but the progress in Asia is still looking most exciting with drilling imminent at the Mako field. DGO announce a proposed move to the premium segment of the Main Market with all the governance etc that brings and IGas also have good figures but the market is focusing on Spings Rosd.

Oil price, Hurricane, Petro Matad, IOG, Reabold, Touchstone, Range – And finally…

Oil finished the week up and is nicely up again today. Hurricane has updated on the Lincoln Crestal well where flaring has indicated oil brought to surface in a DST. Petro Matad have found a very similar but better than expected oil find at Heron-1 which will now be tested. IOG have closed out their EUR 100m 5 year note and are ready to close the farm-out and go to FID for their SNS gas project. Reabold have also confirmed significant success at Parta in Romania whilst Touchstone has discovered substantial natural gas at its Ortoire block in Trinidad. Finally, Range has raised £750,000 as it carries on after the recent debt restructuring and RRTL sale.

Oil price, Hurricane, Petrofac, Hunting – And finally…

Oil boiled over on Friday as trade tariffs started to be put on although ending just in positive territory for the week. Today Hurricane give an update on the Lancaster EPS which is producing above guidance and where the Lincoln Crestal well is at TD preparing to do DSTs. From last week i look at results and meetings from Petrofac and Hunting both of which are performing well in challenging markets.

2019-09-02T12:53:04+01:002 September 2019|Categories: Daily Blog|Tags: , , |1 Comment

Bucket list 6 month update.

Today is the interim Bucket List with a look at performance since February, the good the bad and the ugly and with two stocks dropping out to be replaced in the list.

Oil price, Hurricane, RockRose, Lekoil, Block And finally…

Oil is strong this morning after the G20 meeting saw favourable trade news and an agreement between Putin and MbS ahead of today's Opec+ meeting, both Brent and WTI are up around $1.50. Hurricane announce that the Warwick Deep well is P&A'd as although they found an oil column it did not flow at commercial rates. Much more info to get from the data and two more wells this year and three next year means it is far from over at GWA. RockRose announce the completion of the Marathon deal and the shares should be back in a fortnight. Block have rented some oil storage and can get back up and running within a week and Lekoil has cut a deal with Schlumberger and an unnamed major.

2019-07-01T14:40:13+01:001 July 2019|Categories: Daily Blog|Tags: , , , |1 Comment

Oil price, Sound, Hurricane, Chariot And finally…

Oil is flat again after Chinese growth worries and trade concerns ahead of the G20 meeting. Today I talk about Sound Energy who are doing a modest raise and Hurricane who have produced and sold its first cargo of oil from the Lancaster EPS. Finally I look at Chariot where they are moving fast to look at development alternatives for the Anchois Gas Field in the Lixus licence offshore Morocco.

2019-06-18T11:45:50+01:0018 June 2019|Categories: Daily Blog|Tags: , , |0 Comments

VOX Markets podcast: Eco Atlantic Oil & Gas, Rockhopper Exploration, Hurricane Energy, Anglo-African Oil & Gas and Pantheon Resources

Today Malcy talks about the following stocks: Eco Atlantic Oil & Gas (ECO), Rockhopper Exploration (RKH), Hurricane Energy (HUR), Anglo-African Oil & Gas (AAOG) and Pantheon Resources (PANR).