9 days up for crude and with another 50 cents this morning the best part of 20% off the bottom. Rose have announced some additional acreage in the Paradox Basin adding to their handy portfolio and Range have found an Aussie NED and are re-quoted this morning. Wentworth had a fantastic 4Q and are knocking the lights out in Tanzania, what’s next for newish CEO Eskil Jersing? And Zenith raise money in Vienna as part of the non-equity dilutive funding and Jadestone re-start Montara. A good con call and new presentation from Savannah on the website today.
Oil has had a good week, if it holds the price right now it will be up 9.6% on the week as signs of production cuts hit the market. Jadestone Energy who impressed me lately stand by to bring the Montara field in Australia back on and IOG are unaffected by the FCA action into London Capital & Finance.
An Opec+ agreement was completed but the early excitement soon faded and oil lost ground from Friday’s peaks and is back down a dollar this morning. Amerisur look like they have found another very decent discovery at Indico-1 which should be a big boost for them. Coro have done a smart deal with Petronas who have gifted them a huge database which could lead to a PSC in country. Range Resources’ CEO has resigned, a new one is probably going to be 2019 at this stage. Aminex have carried out work at Kiliwani North-1 and found gas at the surface. Finally I write on Jadestone for the first time after meeting the management last week, the stock looks very cheap.