Oil fell sharply yesterday ending two dollars off the peak after the comments from China, probably no time to panic though. Another good statement from Amerisur who have production up, success in Platanillo and have just spudded Sol-1. IGas AGM statement is also very positive and the shares have fallen way too far, wait for Springs Road and further gas demand data. Finally Touchstone has announced good 1Q figures but its all about Ortoire in this quarter.
Malcy’s interview with Steve Bowler, CEO of IGas Energy:
Malcy talks about the following stocks: Victoria Oil & Gas (VOG), Igas Energy (IGAS), Egdon Resources (EDR), Amerisur Resources (AMER), Rockrose Energy (RRE), Independent Oil & Gas (IOG) and Reabold Resources (RBD)
After a mixed and apparently turbulent week in the oil market the price ended up although less that a dollar. Right now WTI has rallied by 60 cents and Brent by 72c. Today Coro and Empyrean get their Plan of Development for the Mako field offshore Indonesia, good for monetising the gas. IGas and Egdon have announced that at Springs Road ‘significant gas indications were observed’, could this see the East Midlands start to become our own Dallas? Reabold bounce back from Friday’s duster to find in excess of 60m of pay at the Monroe Swell which will be very valuable whilst Cairn now have to wait until the end of the year at best to find out arbitration news.
Today Malcy talks about the following stocks: Sound Energy (SOU), Genel Energy (GENL), RockRose Energy (RRE), President Energy (PPC), Eco Atlantic Oil & Gas (ECO), Igas Energy (IGAS) and Anglo African Oil & Gas (AAOG)
It has been a good week for oil, production quotas are being adhered to and there are some geopolitical worries around too. Another good announcement from President shows just what a good year 2018 was, with more to come i shouldn’t wonder, I have interviews in the blog today from Bill Higgs, COO Genel and James Menzies CEO of Coro Energy. Meanwhile the Sun are reporting on a success by IGas which adds to some good UK onshore finds, not before time…
Oil fell yesterday primarily as worries about global GDP growth emerged from Dav-oh. IGas has announced the spudding of the long awaited Springs Road well and Block Energy has spudded its side-track in Georgia. Zenith is finally on the move with its kit to Azerbaijan and write up a meeting with Mike Buck, CEO of Petro Matad.
A round up on the move of a number of companies including Petrofac trading update, President having further well success and other news from the sector.
An up day for oil as speculators suspected some production falling ahead of the Opec+ meeting next week. Rose Petroleum do a canny deal with Encore and their database keeping exposure, enjoying Vanadium and chance to get stuck into the Paradox Basin. President spud well three in Puesto Flores and IGas spud Tinker Lane, at long last. Faroe start their defence campaign and i comment on a dry hole for Petro Matad and a good move from Lamprell.
Another up day for oil with the bulls in charge, for the moment…Plenty of news with President making more moves in Argentina, Echo and IGas results and Chariot looking forward to spinning the drill bit in Namibia. Plenty of press comment in Niger about potential farm-outs for Savannah Petroleum and the Genel CFO reveals more good news at the Pareto conference.