Iog brings an update to the market, all is well, fully funded and this year should be a good one for them. Genel has been paid by the KRG for oil payments, a welcome return to normality and Gulfsands has completed its raise of just over £4m.
Sound Energy has made a modest raise after recent interest which makes sense, IOG has not had quite what they expected at Harvey but to the northeast has seen a structure. Putting that with Redwell might create a hub going forward. Rockhopper have updated modest success at Abu Sennan before passing on to UOG. And Serica has been awarded licence P2501 conveniently next door to Rhum.
The oil price had a bad day on Friday with very low volumes and Brent expiring, Opec on Thursday is on the minds of traders. Hurricane have made a discovery at Warwick West and also have a positive update on Lancaster. Echo are updating on Santa Cruz Sur with oil and gas production and an exploration well before long. iog have heard that the independent administrators for LOG remain positive about their discount to nav. And Premier has achieved first gas at BIG-P in Indonesia.
At newly renamed iog there are some management changes as well as the name and yesterday the full executive team gave a presentation to city analysts. Today sees Cairn exiting Norway and Union Jack raising more money for West Newton and other projects.
WTI $47.97 +27c, Brent $50.80 +24c, Diff -$2.83 -3c, NG $3.08 +2c Oil price Last week saw a modest but continued fall in oil prices, WTI was down $1.34 and ...
WTI $94.57 +$1.03, Brent $97.20 +20c, Diff $2.63 -83c, NG $4.15 +12c Oil price A very quick and short blog this morning due to meetings in town today, as there ...