While down around a dollar this morning as the Opec+ meeting is moved to Thursday there is still optimism that a deal will be done. RockRose has leapt out of the starting stalls to release 2019 results as soon as the FCA allow. DGO are looking very smart after not being badly affected by the virus or the hydrocarbon prices. JOG have hired a legend formerly of Shell to help with the GBA which is good and Petrofac have swung the axe like others in the industry.
Oil continues to fall as traders see an open door to push against, until someone draws a line in the sand it will remain uncertain. JOG has updated again with the bottom line being relatively positive as it puts its head down to develop the GBA. Genel, with figures tomorrow has a reserves update today which show that despite some reductions the way that it has built a model with resilience to low oil prices is highly creditable.
Its Black Monday with the Fed cutting rates to zero, making asset purchases of $700bn making no difference, as I write Wall Street is down 2400 points, the UK down 400, oil is off 10%.Jersey Oil & Gas is holding its own as it announces good news from the Greater Buchan area. GKP concludes the buy-back but suspends a well and may slight delay its plan for 55/- bopd.
It's Bucket List time and the February update is out today, cue trauma.....
Oil and equities remain subdued whilst the population stays at home, literally. Predator and Columbus have successfully injected CO2 in Trinidad which could be most exciting for the future. JOG are doing a great job at the Greater Buchan Area having acquired Equinor's interest fora modest sum. They are putting a great team together here. DGO are trading in line with market expectations ahead of results in March.
Oil is better today but likely down to further escalation of events in the Middle East. I note the RNS from Amerisur who note that the FSP is drawing to a close and for bidders to open their cheque books. Trinity say that the Trinidad budget is a net small loser but has opened the discussion on SPT which should help. Jersey Oil & Gas had a highly successful Capital Markets Day, after which I interviewed CEO Andrew Benitz. And I mention RBD, ZEN, and BPC.
Malcy chats to Andrew about Jersey Oil & Gas' recent updates, future opportunities and their current explorations.
Oil was up on Friday and again today but economic and trade woes are still keeping it under pressure. Today I look at JOG who hire contractors for the GBA and Genel who announce a new COO from Tullow Oil. I also look at Bahamas Petroleum and see what Thursday's announcement really means.
JOG's interims show no surprises but ahead of the up-coming CMD there is much to assess during a very busy few months. At Reabold Resources California is still delivering with the potential for much more and canny investors should keep an eye on the UN as is starts the process of bring Syria back into the world.
Today is the interim Bucket List with a look at performance since February, the good the bad and the ugly and with two stocks dropping out to be replaced in the list.