Tag: Lekoil

Oil is strong this morning after the G20 meeting saw favourable trade news and an agreement between Putin and MbS ahead of today’s Opec+ meeting, both Brent and WTI are up around $1.50. Hurricane announce that the Warwick Deep well is P&A’d as although they found an oil column it did not flow at commercial rates. Much more info to get from the data and two more wells this year and three next year means it is far from over at GWA. RockRose announce the completion of the Marathon deal and the shares should be back in a fortnight. Block have rented some oil storage and can get back up and running within a week and Lekoil has cut a deal with Schlumberger and an unnamed major.

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Oil firm as the Saudis hit back at the Houthi rebels. SDX reduce guidance and lose CEO Paul Welch, at Falcon they raise a bit to top up for this year and next year existing carry. All in line at Cairn with no change in guidance or plans in development and exploration. Earlier this week Wentworth updated and all is going well, yesterday Block Energy raised £12m, a solid achievement given how fast they have moved and at Egdon they raised £2.17m. Empyrean has seen gas clouds at Topaz and Jade which CNOOC say is good news and Lisa Mitchell moves from Lekoil to San Leon…

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Oil prices were quiet on Friday ahead of G20 but are sharply better this morning after US/Sino talks went well as did the Putin/MbS greeting. Reabold have completed the Rathlin Energy deal and are looking forward to an exciting few months with the drill bit whilst DGO has announced that results are to be ‘materially ahead’ of expectations that the market doesn’t have. Finally Lekoil is putting back its court date until January in the hope that it can then complete on OPL 310.

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Malcy talks about the following stocks: Falcon Oil and Gas #FOG Jersey Oil & Gas #JOG Lekoil Ltd #LEK (interview starts at 20 minutes 37 seconds).

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WTI $53.40 +4c, Brent $55.81 +16c, Diff -$2.41 +12c, NG $2.83 -2c Oil price The oil price was effectively flat last week, a few cents off between friends. The same influences are exerting and unless something changes dramatically we will …

Oil price, Sound Energy, Lekoil, President, Velocys, And finally… Read More »

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WTI $47.98 +$1.77, Brent $49.17 +$1.98, Diff -$1.19 +21c, NG $2.62 +4c Oil price Last week was a down week for oil despite the sharp rally on Friday which has continued today. WTI fell $1.09 whilst Brent dropped $1.37 as …

Oil price, Sound Energy, EnQuest, Amerisur, Sundry-Wood Group-Lekoil-Oil & Gas Council, And finally… Read More »

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WTI $102.61 +59c, Brent $109.37 -38c, Diff $6.76 -$1.64, NG $4.41 -6c Oil price Short and sharp this morning as news is a bid scarce and I am heading to a number of really interesting meetings including Northern Petroleum, Lamprell …

Oil price, Afren, Kentz, Sundry, and finally… Read More »

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WTI $94.87 +1.50, Brent $104.74 -43c, B/WTI Diff – $9.87 -1.71, Natural Gas $3.51 +4c Good morning The Iran +6 meetings restart in Geneva today with a renewed optimism especially post the comments by Foreign Minister and Chief Nuclear Negotiator …

Halliburton, Tullow Oil, Lekoil, Shell, and Oyster Petroleum – New Valiant? Read More »

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WTI $96.30 -47c ; Brent $108.93 -1.13 ; B/WTI Diff – $12.63 -87c ; Natural Gas $3.57 -5c Good morning It’s a quiet morning after the mayhem of majors results week, Chevron today and they guided the numbers a few …

Shell, Gulf Keystone, Lekoil and Taipan Resources Read More »

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