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.
2022 Bucket List.
The prospects remain healthy for oil stocks going into 2022. Malcy looks back and discusses the prospects for the year.
The 2021 Bucket List results.
Oil quiet after weakness recently put down to Covid and SPR releases. Kistos spud their Q11-B well and IOG have an update with only weeks until first gas. JOG have signed up almost the entire former board of Ithaca which is good and news from the GBA is promising. Pharos spud in Egypt, Zephyr has made another excellent acquisition, President update, again.
Oil rallies in stock data and waits for the FOMC. Good progress from JOG at the GBA, IGas gets on with geothermal and hydrogen and Longboat at last have wells to talk about. Advance looks to be in a very strong position at Buffalo and President have an operating update.
Oil recovered last week's fall and was picked up on Mexican production loss and of course Hurricane Ida. Today I look at JOG on electrification, UJO and Reabold with exciting news from West Newton and Sound who have completed the Schlumberger deal. Also Hurricane announce an offer for the bonds, Lamprell update on recapitalisation and Eco Atlantic spud the Sapote-1 well and Zenith sign an agreement in Nigeria.
Oil remains strong as the Opec+ meeting gave promising indications for the market place. JOG have updated on operations at the GBA development project which looks to be an enormously low carbon project. Trinity have had licence extensions and UOG update on Abu Sennan.
Oil remains in reasonably good nick with the inventory stats showing a decent enough draw this week. Results from JOG are in line ahead of the real excitement expected from the GBA, the big prize for Jersey going forward whilst Genel remain full of confidence in its financial strength. Predator has announced that drilling in Morocco is imminent and BPC have also got their wells in Trinidad starting soon. Also results from Echo Energy.
Oil has had a good couple of days as we end the month and mainly on the US economic data which showed GDP of 6.4% and another fall in jobless numbers. DGO has made a most interesting acquisition away from Appalachia down in Louisiana and Jadestone has also had the cheque book out in Malaysia. President has had another great well result and remains rightly confident whilst Hurricane has crash landed with the bond holders pushing the equity players out of the plane.