Interims from JOG but really show just how much has, and is going on there. Huge upside not to be sniffed at...
With the US shut for Independence Day oil is trading very quietly. Today JOG has two very positive announcements and Predator is back in the Guercif. And Longboat has added a. licence via a split of a previous play.
After the weekend oil doesn't know how to react unchanged today. I look at IOG who have a very good result at the Blythe H2 well and will be upping production. Zephyr finals are as expected and Trinity have early indications of success at Jacobin. Last week Chariot had figures with exciting potential for Anchois partners, Sound completed its debt issues and is now clear to move ahead at Tendrara and JOG completed on the GBA farm-out, a fantastic deal.
Oil has risen by another dollar today, despite poor Chinese economic data. IOG have had a slight problem at Blythe H2 but are hoping to sort out the problem. JOG have had approval for extending and farming out the licences at the GBA. Egdon and partners have run into a problematic Planning Inspector and Gulfsands have their annual report out. And Jadestone cap a bad year with a raise of equity and working cap and an Open Offer but it's turnaround time and elsewhere good finals from i3.
A quarterly update of the Bucket List to reflect recent performance as well as a year/year check.
Oil was unchanged, inventory stats were good but US data poor. Jersey Oil & Gas has revealed a cracking deal with NEO that unlocks the value for the GBA with much more to come. Scirocco is also looking good as the news from EAG is very promising whilst Hurricane is going out with a whimper. And yesterday Serica gave a very good reserves report.
The 2023 Bucket List is published today, five companies are leaving one way or another and three are joining the group. The Oil and Gas prices both showed consistency in being virtually unchanged on the year although the prices changed at different times during it, see the charts. The blog also announces how the 2022 list fared.
Oil has picked up sharply today with markets worrying about the Opec+ meeting on Sunday. JOG get an extension at Verbier to match the GBA whilst Sound restructure the Phase 1 Micro LNG. Eco has results which are history and Arrow has its best ever quarter. Finally Zephyr publishes a new presentation, worh a glance.
Oil is sticking at around $90 for Brent, the Fed upped by 75bp and inventory stats were mixed. Jersey Oil & Gas looks in a very strong position with suitors for GBA of a high quality and quantity. Longboat are preparing for Velocette and Getech have upped the ante at Shoreham.
Not much going on on the oil front but gas is all over the place. An update and results from JOG who are in very good shape at the GBA. Figures and an update from PetroTal which is also in very good shape right now. Afentra reveal that they have bought interests with Sonangol which looks a cracker to me. Finally Hurricane report and looks cheap as chips. And Empyrean regrettably found out that jade was dry.