Touchstone hit first gas production targets at Cascadura, DEC have had a re-shuffle of the executive and NED board and Arrow have brought on CN-3 as expected. Afentra are back from suspension with the admission document out today and Orcadian, fingers crossed have farmed-out most of the Pilot project.
Phil Carroll and Kevin Hornsby talk to Malcy about the "infamous" bucket list.
The 2023 Bucket List is published today, five companies are leaving one way or another and three are joining the group. The Oil and Gas prices both showed consistency in being virtually unchanged on the year although the prices changed at different times during it, see the charts. The blog also announces how the 2022 list fared.
A small rally and no real change after the EIA report or the API stats. Gulfsands remind us about Syria, Longboat has received some awards, and Orcadia has disposed of Crinan and Dandy after a good resources report at Pilot. Hurricane update, Deltic say Shell are testing at Pensacola and EOG have an update.
Featuring Steve Brown, CEO of Orcadian Energy, Malcy and Mike Cooper, Managing Director 1st Subsurface (AIM:ORCA)
Oil rallied a touch yesterday and has again today, the API stats were mixed the EIA are imminent. Today Touchstone are close to a major milestone and Scirocco paint a picture of the immediate future after Ruvuma. Orcadian complete the farm-out, GKP pay-down debt and I catch up late with Block's CPR.
Oil was weaker yesterday ahead of todays opec meeting expect no change in policy. I comment on Scirocco after the meeting and the VOG predicament. Also a raise from Orcadian and a cash alternative for SDX holders.
Oil fell on Chinese Covid worries, the Opec report was broadly in line with previous numbers, they certainly can't increase much right now. IGas AGM trading statement is good but unclear about the Looney tax and Orcadian are back again today with a seismic acquisition and licensing agreement.
Oil was up on the week but faded late in the day after the US CPI came out which trashed markets but rallied the dollar ahead of the Fed meeting tomorrow. Wentworth has announced the proposed acquisition of 25% of Ruvuma from Scirocco both are covered here. DEC confirm that juicy dividend in pence today and Orcadian announce draft FDP and farm-out process for the Pilot development.
Oil has bounced by just over two dollars this morning as peace talks seem unlikely to be working. Gulf Keystone has announced figures with a substantial dividend pay-out, Orcadian has announced an extension to Phase 'A' of Licence P2320 and a resource update and Coro has increased output in Italy.