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Oil price, PetroTal, Pharos, Longboat, PetroMatad, Trinity. And finally…

Oil is up around a dollar this morning despite some indifferent economic news from China. More importantly the natural gas price continues to run, in the UK it was nearly 200p this morning. A great result for PetroTal at BN-8H gives them a better than expected 7.6m b/d making 15.4m b/d, also Pharos farm-out in Egypt, another very smart deal. Longboat update, things are starting to happen with the drill bit and Petro Matad have interims and are preparing for Heron production next year. Finally Trinity have first result post the tragic loss of Bruce Dingwall.

2021-09-15T12:16:54+01:0015 September 2021|Categories: Daily Blog|Tags: , , , , |0 Comments
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Oil price, Petro Matad, Coro, Hurricane, Block/Scirocco, Getech. And finally…

Oil is already making back the losses when yesterday people wrote off Opec, something to do very carefully and not by me, at the moment anyway. Petro Matad has received its exploitation licence in Block XX and Coro seems to have done a very smart deal with ion. Hurricane has completed the Lincoln obligation well and Getech is looking at Hydrogen. Finally it seems that some Block shareholders are not looking at their own board but others, not a wise move if you ask me.

2021-07-07T13:56:08+01:007 July 2021|Categories: Daily Blog|Tags: , , , , , |2 Comments
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Oil price, Petro Matad, Falcon. And finally…

Oil rallied, unworried about the Fed and a strong dollar and a little concerned about the new hard-line President in Iran. Petro Matad have results but more importantly show how much important progress is being made on the exploitation licence on Block XX. And Falcon starts its drilling season in Australia with much promising activity.

2021-06-22T12:06:41+01:0022 June 2021|Categories: Daily Blog|Tags: , |0 Comments
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Oil price, Union Jack/Reabold, Hurricane, President, Petro Matad, CNR/Ranger Oil. And finally…

Oil is still up, but gasoline in the US has rallied more after a ransomware cybersecurity attack on the Colonial pipeline which takes products from the Gulf to the Northeast of the US. Union Jack and Reabold have called in Gaffney Cline for a CPR at West Newton, and Hurricane has issued an operational update. President also update on ops and the oil and gas prices in Argentina whilst Petro Matad are a step closer to field approval. And would you believe that CNR would drill in Guildford station car park?

2021-05-10T14:37:25+01:0010 May 2021|Categories: Daily Blog|Tags: , , , , |0 Comments
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Oil price, IOG, Petro Matad, President, Touchstone, Empyrean. And finally…

Oil is very quiet still, IOG have started the drilling on Phase 1 in the SNS and Petro Matad are continuing their licence for exploitation application. President update on drilling, Touchstone have a success at Ortoire and Empyrean up the chances of success in China.

2021-04-12T14:00:49+01:0012 April 2021|Categories: Daily Blog|Tags: , , , , |0 Comments
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Oil price, Helium, Petro Matad, Jadestone. And finally…

Oil prices have risen after the Opec+ meeting came to an agreement which whilst not perfect by adding 500/- b/d from January appears to have done the trick and was within the range of expectations. Today sees Helium One's debut on the Aim market of the LSE with all that entails and Petro Matad update on the COVID virus holding up discussions on the Exploitation Licence in Mongolia. Jadestone give a trading and operational update, having acted with some caution this year JSE looks to be in a strong position to benefit next year.

2020-12-04T11:27:16+00:004 December 2020|Categories: Daily Blog|Tags: , , |0 Comments
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Disclaimer: Malcy’s Blog is provided for general information about the international oil and gas industry and the companies that operate within it. It does not constitute investment advice and Malcy does not buy or sell shares, warrants or bonds in any company written about within the blog. Information is taken from publicly available sources and any comment is that of the author who does not take any third party comment in the publication.
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