Half year numbers from UJO and how good they are, they get many box ticks from me. Results also from Sound which show very positive progress and Kistos who are continuing to perform in such a short time. Chariot has signed a Pipeline Tie-In Agreement with ONHYM.
Oil continues to drift, even after today's better than expected US CPI numbers markets rallied but not the oil price. Maybe as it's the monthly reporting time that is responsible but I'm convinced that underlying the bulls will out. Last night both Serica and Kistos walked away from hostile activity and will remain independent. Today sees the return of Afentra to the market following suspension after the Excellent deals in Angola and it looks to be very positive indeed and are seriously going places. Finally I caught up with Gran Tierra after figures on Monday.
Brent is opening up a gap over WTI slowing refining in the US after demand for gasoline has slowed. Kistos and Serica have carried on with their battle and Union Jack has yet more good news from Wressle. Hurricane has unsurprisingly paid off the debt and it's all change at President with the set up of Green House Capital starting with Lithium and Echo has updated the market.
Kistos and Serica, initial RNS and some early thoughts.
Oil rallied on Friday and at the end of the week but the damage done on Tuesday was enough to see WTI down $3.64 on the week and Brent off $4.61. Today sees the return of San Leon after a long suspension whilst Kistos complete the GLA deal. Touchstone beef up their board and Serica have spudded the North Eigg well.
Oil rallied sharply on Chinese data and a shortage of product inventory whilst Kistos has provided a positive AGM statement. Chariot show a big oversubscription in their Open Offer and Southern Energy Corp brings in a very decent well indeed.
Oil fell sharply yesterday as the EU dithered on sanctions...Kistos has results better than expectations and with a very positive cash flow and debt payoff potential, PetroTal has ended the dock protests. SDX has a discovery at SD-5X at South Disouq and Block has an operational update and pre-warns on fund raising whilst I cover news from Getech from yesterday.
Oil fell when some Russian troops left the front line in The Ukraine, with today's news that their kit is still there oil is up $1.40 ish. Sound have made huge progress and deserve a great deal of credit for Phase 1 in Morocco. Kistos are recovering from the VCP hiccup and I hope that investors buy now while it's still cheap. Finally Hurricane is showing quite how wrong the old NED's were and is worth taking another look at.
Malcolm catches up with Andrew Austin, to give us all the updates on Kistos Plc.
Up around $2 last week oil is up another dollar today, the market is not worried about BA.2 the new variant. Kistos has confirmed that it has bought assets from Total Energies in the UK an Netherlands, it looks attractive to me. Saipem gave a whopping profit warning today and San Leon has won its lawsuit with TAQA and Far has received a takeover bid.