Oil price, Longboat, Serica, Orcadian, Lamprell, Chariot. And finally…

Oil is rallying a bit but will be down on the week, today Longboat say that they have a 'minor' discovery at Mugnetind but not stand alone commercial. Serica say that there is a small delay on Columbus oil as Shell are restricting capacity at Shearwater but it's a modest loss. Orcadian said yesterday that they have had three expressions of interest for the FPSO at Pilot which is highly encouraging and Lamprell confirm a raise of £21.9m at 32p. Finally a successful presentation last night by Chariot encourages value for the long term.

2021-10-29T15:25:04+01:0029 October 2021|Categories: Daily Blog|Tags: , , , , |0 Comments

Oil price, Orcadian, Longboat, Getech, UOG. And finally…

Oil remains strong and unlikely to change much under current circumstances. Orcadian has done a smart farm-out deal on the Carra prospect and this management team are worth a look at. Longboat announce that the Rødhette exploration well is a discovery but 'at the lower end of pre-drill expectations'. Getech continue to move fast and have made a meaningful signing whilst UOG update on production.

2021-10-11T16:23:33+01:0011 October 2021|Categories: Daily Blog|Tags: , , , |2 Comments
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