Oil price, Hurricane, RockRose, Lekoil, Block And finally…

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.

2019-07-01T14:40:13+01:001 July 2019|Categories: Daily Blog|Tags: , , , |1 Comment

Oil price, SDX, Falcon, Cairn, Wentworth, Empyrean, Block, Egdon, Lekoil/San Leon And finally…

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...

Oil price, Reabold, DGO, Lekoil And finally…

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.

2018-12-03T11:31:04+00:003 December 2018|Categories: Daily Blog|Tags: , , |0 Comments
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