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Oil price, Rockhopper, IOG, EOG, Reabold, Far, President, Cairn, Jadestone – And finally…

Oil drifts further despite more stock draws, the EIA will be important later. Today I comment on Rockhopper who have a well result for United and IOG who have spudded Harvey at last. EOG have converted LO 16/20 into FEL 4/19 but still have no farm-out. Reabold have spudded in Romania and I catch up from yesterday with Far Limited where CNOOC has acquired 55.5% of Svenska's interest in Guinea-Bissau. Also from yesterday another upbeat statement from President, Cairn sells half of its stake in Nova and Jadestone get the final all clear for Montara.

2019-08-07T11:55:09+01:007 August 2019|Categories: Daily Blog|Tags: , , , , , , , |0 Comments
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Oil price, Savannah Petroleum, Jadestone Energy, United Oil & Gas And finally…

A topsy turvey week for oil as US trade wars now with Mexico spook markets and inventory figures show products building. Savannah Petroleum have moved a stage closer to completing the seven Energy deal with the UERL buy-out being closed and good progress elsewhere. I catch up with the Jadestone Energy figures and they look to be progressing very well. UOG have a new CFO but with much experience and i talk to Doc Holiday about oil stocks.

2019-05-31T12:05:46+01:0031 May 2019|Categories: Daily Blog|Tags: , , , , , , , , , , , , , , |2 Comments
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Oil price, Hurricane, Columbus, Jadestone And finally…

Oil rallies this morning as four ships are attacked off Abu Dhabi, two of them Saudi tankers. Hurricane announce that hydrocarbons have been introduced to the Aoka Mizu and that the start up phase has commenced which is the next step to first oil. Columbus has been granted a licence for their key Bonasse licence in the S W peninsula, any find here will 'transform' the company. And Jadestone has completed work on the Stag oilfield successfully and the rig is moving away, production is expected in a few days. Finally a link to a short interview I did with IGTV on the oil price.

2019-05-13T11:51:44+01:0013 May 2019|Categories: Daily Blog|Tags: , , |1 Comment
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Oil price, Coro/Empyrean, Jadestone, Reabold And finally…

Oil cracked a bit on Friday but it could have been avoided, the market can supply any shortfall but will be getting tighter through this quarter. Coro and Empyrean have agreed their drilling programme for Duyung and will drill an exploration and appraisal well in the autumn. Jadestone has a HOA for gas sales with Petrovietnam and Reabold is moving ahead in California.

2019-04-29T12:53:56+01:0029 April 2019|Categories: Daily Blog|Tags: , , , |2 Comments
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Oil price, Amerisur, RockRose/IOG, VOG, Jadestone, Soco, JOG And finally…

Oil is mixed but relatively based, company wise Amerisur have another substantial rise in reserves and should be higher. RockRose have bid for IOG, easier than farming-in I suppose with a 20p offer. All change at VOG as a substantial raise and change of management signals a new, brighter future and Soco admit they also bid for Ophir but their all-paper offer was not good enough. Finally Jadestone Energy have given guidance which sets them off on a substantial voyage of discovery, worth being aboard.

2019-03-06T14:08:41+00:006 March 2019|Categories: Daily Blog|Tags: , , , , , |2 Comments
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Oil price, VOG, Ophir, Jadestone, Angus And finally…

The oil price had a bad day yesterday but has perked up a bit this morning, inventory stats are now key. VOG are showing very high levels of production after the renewal of the ENEO contract and are not raising money 'yet'. Ophir seems to have given up the ghost talking very seriously at 55p by the looks of it whilst Jadestone are oozing confidence about Montara. Over at Angus they are again changing the guard in the boardroom and at advisor level, who knows what's next?

2019-01-29T12:25:30+00:0029 January 2019|Categories: Daily Blog|Tags: , , , |2 Comments
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Oil price, Rose, Range, Wentworth, Zenith, Jadestone, Savannah And finally…

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.

2019-01-11T10:38:53+00:0011 January 2019|Categories: Daily Blog|Tags: , , , , , |3 Comments
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Disclaimer: Malcy’s Blog is provided for general information about the international oil and gas industry and the companies that operate within it. It does not constitute investment advice and Malcy does not buy or sell shares, warrants or bonds in any company written about within the blog. Information is taken from publicly available sources and any comment is that of the author who does not take any third party comment in the publication.