Oil price, Coro, Petro Matad, Jadestone. And finally…
A rare week up for oil and today sees results from Coro while Petro Matad update on operations. And Friday saw Jadestone signing up its new RBL, now it must use the money.
A rare week up for oil and today sees results from Coro while Petro Matad update on operations. And Friday saw Jadestone signing up its new RBL, now it must use the money.
A quarterly update of the Bucket List to reflect recent performance as well as a year/year check.
Another good day for oil with economic data mainly from the East being helpful and US CPI data. Savannah have a Q1 operations update and Serica have finals but with important updates from the Tailwind completion. Finally Jadestone has issued operational and financial guidance and results due date.
After the Fed raised rates yesterday it was the turn of the Bank of England today and it was no surprise that the Old Lady added her 25 bp's worth this morning. Today, finally, Jadestone announced that production at Montara had finally got underway again and will settle over the next few days before guidance is issued. GKP issued an excellent set of results but where is the growth at Shaikan to come from? And Serica completed the Tailwind acquisition.
Oil fell as the Fed minutes were published which showed more hawks than expected which in itself means rate rises 'as appropriate'. So maybe 25 point rises plus maybe the odd 50 pointer...IGas update the market and production figures have picked up, no new CEO yet though. Jadestone confirm the deal recently announced.
Very quiet yesterday in oil although off a bit today. DEC have confirmed their recent acquisition and its financing and Jadestone has arranged a temporary RBL in case they need it for Aktara or M&A, a big one is being finalised.
A huge find by Deltec and Jadestone pave the way for Montara return.
Oil fell sharply yesterday after poor inventory stats. Jadestone has updated the market saying it was a game of two halves, well lets hope from now on its like the first half all the way...Hurricane has won in the High Court with regard to the reduction of capital and can now give the company away to the shareholders, if it were that simples...Capricorn has done what it was told to and changed the Board but is it for the better? And are Echo turning the corner?
I look at Zephyr who report from the Paradox and also a tack-on acquisition from Jadestone.
Oil is rallying as recession talks are brought down somewhat. Kistos have a trading update which although is hit by taxes in the UK and the Netherlands shows that trading is good and distributions possible. IOG are having some operational issues with the A2 well and Jadestone are nearly home with montara.