Today Malcy talks to Andrew Benitz of Jersey Oil & Gas.
Oil fell at the end of last week although most pointers were, and still are, upwards. Jersey Oil & Gas have spudded the Verbier appraisal well which hopefully add a great deal to the partners knowledge of the block. Reabold have also spudded, theirs is in California at Monroe Swell, a name like that just has to come in. If it does it will pay back very quickly. Plexus have won a contract and the shares were up 30%…Egdon gave an upbeat update, Springs Road might well be a lifeline…And Pantheon, having delivered bad news from Winx on Friday said it was all ok today…
The updated Bucket List, widely differing performances but I remain confident about the picks in the main.
On the move again today but comment on JOG with drilling the Verbier appraisal ever nearer and 3D seismic data now to interpret. I spoke to Peter Levine, Chairman of President Energy yesterday and the link to the Core Finance interview is here to watch
A properly bad day for oil yesterday after Opec reduced demand forecasts and pushed back the 100m b/d day until next year. Faroe have had a duster in the Norwegian North Sea and JOG have appointed a new CFO.
Another poor week for oil but a decent rally today after Saudi Arabia announced a cut of 500,000 b/d for December. Rockhopper has good results in Egypt and are being paid more with receivables down again, JOG are confirmed to be drilling the Verbier appraisal 1Q 2019 whilst Zenith top up after their recent admission to the Merkur Market.
huge results day today so will prob cover lots later or tomorrow, I look at Jersey Oil & Gas, Range Resources and Hurricane Energy post announcements.
With the oil price all over the place I look at the Opec report, I also look at another excellent discovery from Savannah in Niger and write up my chat with Dr Steve Staley of Upland Resources. I also chatted to Andrew Austin Chairman of RockRose and met with Eytan Uliel of Bahamas Petroleum. Plus two links to this week’s interviews.
Malcy talks about the following stocks: Amerisur #AMER, Far Limited #FAR.AU, Savannah Petroleum #SAVP, President Energy #PPC, Jersey Oil & Gas #JOG and Reabold Resources #RBD
WTI $67.89 -37c, Brent $73.06 -1c, Diff -5.17 +$2.56, NG $2.72 -4c Oil price Yesterday saw a mixed market, after a rally when oil workers in both the UK and Norway either downed tools or threatened to, any disruption was…