Oil is better again today after further assessment of the inventory stats which showed a big draw in crude. Today Wressle is being installed with a jet pump for increased production for Union Jack and Europa. GKP had nothing much to say about the pipeline but are selling a decent amount of crude at the factory gate. i3 had a bad beginning to the half but is looking better lately. And Coro is trading around the Philippines from Ion to Oslob.
Oil is solid after the EIA stats which showed a draw of nearly 10m barrels. Today I look at Touchstone where Cascadura is nearly ready for first gas. Also Serica has a confident AGM statement, i3 have a disappointing update with reduced guidance and lower dividends. A quick look at JSE who failed in the Open Offer and there is more on Sound after yesterday's RNS.
Oil has risen by another dollar today, despite poor Chinese economic data. IOG have had a slight problem at Blythe H2 but are hoping to sort out the problem. JOG have had approval for extending and farming out the licences at the GBA. Egdon and partners have run into a problematic Planning Inspector and Gulfsands have their annual report out. And Jadestone cap a bad year with a raise of equity and working cap and an Open Offer but it's turnaround time and elsewhere good finals from i3.
Oil fell again yesterday but there are still many forces at work, right now its a strong greenback. Today I look at UOG, back winning at Abu Sennan and Gran Tierra whom I saw recently. Challenger and Predator get a delay and Trinity are still becalmed production wise anyway.
Oil rose again, data from the east was positive, China backed up good economic news and India said that fuel demand was up another 5% at 4.83m b/d, growing sharply. API inventories were mixed with a modest build in crude and gasoline but a big fall in distillates. A profit warning from the incoming CEO at Petrofac, another divvi from i3 and a fire for Trinity to deal with.
No hiding place for oil as markets continue the meltdown with banks doing what they do best. Today Sound show that things are looking pretty good and Reabold are back in the spotlight with a 'possible bid'. i3 Energy announce their divvi and EOG replace the CEO with the CFO.
Update from San Leon on market rumours, i3 Energy updates on numbers which are good and Touchstone have a date for Cascadura gas- Yippee! Plus Eco results and update.
Another rally for oil and an update from IOG shows that there is much to do but the new team is hard at work. Sound continue to progress in Morocco and i3 report good numbers. Finally i take a look at news from Savannah recently.
A big rise last week, mainly on Opec+ calls and other supply worries. Today Zephyr complete the deal in Utah which looks a very smart one indeed and i3 and Europa have a duster at the Serenity well. Finally Cornerstone has farmed-out Abbey and got a carry for that and an exploration well at at Baker.
Oil rallied as Hurricane Ian headed towards the Gulf of Mexico, it's now veered towards Florida. Today i look at DEC with a deal completion and yesterdays buy-back news and Reabold have madea small acquisition. Getech have results and now need to deliver, and i3 add to yesterday's announcement to say that Graham Heath is leaving. Yesterday was a nightmare with so many results and calls/meetings that they are in today's blog.