IGas Energy Archives - Malcy's Blog

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, IGas, Touchstone.

A better day for oil as rumours of beating the coronavirus swept the markets, with a general backdrop of production cuts in the background. Hurricane are likely replacing the Lincoln Crestal well with further Lancaster investment. Genel updates on Tawke and a new Chairman whilst IGas updates on reserves and trading and Touchstone details the highly successful Cascadura well in Trinidad.

Malcy2020-02-06T15:23:54+00:006 February 2020|Categories: Daily Blog|Tags: Genel Energy, Hurricane Energy, IGas Energy, Touchstone Exploration|1 Comment

Oil price, Columbus, Getech, Onshore sundry Egdon, Union Jack, IGas – And finally…

A poor week for oil as the Corona virus has the potential to hit growth which was just starting to show signs of green shoots. Today I look at Columbus where the statement has confused the market but signs are that the management is a touch more positive. Getech has also at first sight disappointed but its not all bad news, costs are down and margins are holding at 47%. Finally for UK onshore a number of pieces of good news have excited a number of stocks.

Malcy2020-01-24T13:46:14+00:0024 January 2020|Categories: Daily Blog|Tags: Columbus Energy Resources, Egdon Resources, Getech, IGas Energy, Union Jack Oil|3 Comments

Oil price, Eco, Falcon, IGas – And finally ‘special’

Oil prices fell back a little but are up again this morning, pre-Opec meeting positioning is starting a full fortnight before the meeting starts. Eco Atlantic have results which are by the by, they are cashed up for exploration and appraisal next year and there is a growing industry feeling that Guyana is looking good despite slightly heavy oil. Falco has posted the first of what will be a series of results from the Beetaloo, early signs are positive. And IGas has resceduled its debt, saving $1m pa and has given upbeat fcf and production guidance.

Malcy2019-11-20T11:45:51+00:0020 November 2019|Categories: Daily Blog|Tags: Eco Atlantic Oil & Gas, Falcon Oil & Gas, IGas Energy|2 Comments

IGas, Rose Petroleum, Sundry Echo, Coro, PetroTal

The moratorium on fraccing is interim in nature and quite possibly an election stunt but has hit IGas but maybe too much as it has a substantial conventional business. Rose Petroleum starts its strategic re-shaping with an asset deal and a small raise. Echo has extended is Acquisition Agreement waiting a waiver, Coro spuds the Tambak-1 well and at PTAL Douglas Urch takes over as CFO.

Malcy2019-11-04T10:02:04+00:004 November 2019|Categories: Flash Blog|Tags: Coro Energy, Echo Energy, IGas Energy, PetroTal Corp, Rose Petroleum|0 Comments

Oil price, Rose, IGas, Falcon – And finally…

Oil finished the week up but eased again today. I look at the beginnings of changes at Rose Petroleum under new CEO Colin Harrington and see how IGas are adding solid incremental value. Also a few words on Falcon after i caught up with CEO Philip O'Quigley. Finally there is a link to a long Podcast I recently did with Doc Holiday of Total Market Solutions covering a plethora of stocks.

Malcy2019-10-14T16:25:43+01:0014 October 2019|Categories: Daily Blog|Tags: Falcon Oil & Gas, IGas Energy, Rose Petroleum|2 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.

Malcy2019-09-12T10:14:58+01:0012 September 2019|Categories: Flash Blog|Tags: Amerisur Resources, Coro Energy, Diversified Gas & Oil, Hurricane Energy, IGas Energy|3 Comments

Oil price, Eco Atlantic, Gulf Keystone, IGas, Petro Matad -And finally…

July 4th meant very little trade, WTI was shut and Brent drifted. Today I'm talking about Eco Atlantic who have spudded offshore Guyana, Gulf Keystone who have paid a divvi today, IGas who announced further conventional activity yesterday and a report on a meeting with Petro Matad CEO Mike Buck.

Malcy2019-07-05T11:01:42+01:005 July 2019|Categories: Daily Blog|Tags: Eco Atlantic Oil & Gas, Gulf Keystone Petroleum, IGas Energy, Petro Matad|0 Comments

Oil price, Savannah, IGas, Rose, Union Jack, Gulfsands, SDX, President And finally…

Oil prices are quiet ahead of G20 and the ensuing Opec+ meeting. I talk about Savannah Petroleum this morning as the completion of the Seven Energy deal nears, I also discuss IGas and their appeal being called in, Rose with a strengthening of management and Union Jack on the raise. I talk about the SDX well in Egypt and give links to an interview with Peter Levine and my Podcast with Doc Holliday of TMS.

Malcy2019-06-28T11:36:31+01:0028 June 2019|Categories: Daily Blog|Tags: Gulfsands Petroleum, IGas Energy, President Energy, Rose Petroleum, Savannah Petroleum, SDX Energy, Union Jack Oil|1 Comment

Oil price, President, IGas/Egdon, Premier, Serica, Hunting, Wentworth And finally…

Oil surged on strong inventory data and short closing by money managers. Stock wise, President have a very positive AGM statement, IGas have a very psoitive find at Springs Road, Premier up their numbers at Zama, Serica are positive in their AGM statement, Hunting's update is pretty good and Wentworth cut guidance which disappoints.

Malcy2019-06-27T10:21:03+01:0027 June 2019|Categories: Daily Blog|Tags: Hunting PLC, IGas Energy, Premier Oil, President Energy, Serica Energy, Wentworth Resources|0 Comments