Petro Matad Archives - Malcy's Blog

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?

Malcy2021-05-10T14:37:25+01:0010 May 2021|Categories: Daily Blog|Tags: Canadian Natural Resources, Petro Matad, President Energy, Reabold Resources, Union Jack Oil|0 Comments

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.

Malcy2021-04-12T14:00:49+01:0012 April 2021|Categories: Daily Blog|Tags: Empyrean Energy, IOG, Petro Matad, President Energy, Touchstone Exploration|0 Comments

Oil price, SDX, Petro Matad, UOG, Getech

WTI $47.62 -90c, Brent $51.09 -71c, Diff -$3.47 +19c, NG $2.58 +4c Oil price I am writing this late in the day and have just erased all my early comments ...

Malcy2021-01-05T17:26:31+00:005 January 2021|Categories: Daily Blog|Tags: Getech, Petro Matad, SDX Energy, United Oil & Gas|0 Comments

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.

Malcy2020-12-04T11:27:16+00:004 December 2020|Categories: Daily Blog|Tags: Helium One, Jadestone Energy, Petro Matad|0 Comments

Oil price, Hurricane, Petro Matad, Getech. And finally…

Oil drifted yesterday, Trump vacillated, Norway struck and the EIA stats were fairly good. Hurricane update today on 3Q production, Petro Matad still wait for their licence approval and Getech had H1 results yesterday with a change of direction on the cards.

Malcy2020-10-08T12:31:10+01:008 October 2020|Categories: Daily Blog|Tags: Getech, Hurricane Energy, Petro Matad|1 Comment

Oil price, Cairn/Far, Petro Matad. And finally…

Oil was up last week and is up again today, modestly so but that's not a problem. Woodside has exercised its pre-empt right and has taken Cairn's stake in the Sangomar discovery offshore Senegal. Petro Matad has interims but most importantly have cash enough to keep them going until 'mid 2021'.

Malcy2020-08-17T15:07:26+01:0017 August 2020|Categories: Daily Blog|Tags: Cairn Energy, Far Limited, Petro Matad|0 Comments

Oil price, DGO, Empyrean, PetroMatad

Oil prices have rallied a bit on news of further Saudi cutbacks amongst other stuff. Diversified Gas & Oil has announced a successful fundraising of £69.4m at 108p, a very small 1.6% discount to last nights close. They have announced two substantial acquisitions that are accretive to both eps and dividends. Empyrean Energy have raised £397, 540 from its Open Offer, add £17,500 subscription and the total raised in recent months is £825,990.

Malcy2020-05-12T13:08:21+01:0012 May 2020|Categories: Daily Blog|Tags: Diversified Gas & Oil, Empyrean Energy, Petro Matad|0 Comments

Oil price, DGO, GKP, Ascent Resources, Petro Matad And finally…

A slight, hardly noticeable pick up in crude prices as the US waits for its $2tn and the Saudi/US alliance....DGO has announced an extended Ohio asset agreement again demonstrating its commitment to its asset retirement programme. GKP has decided to suspend both dividend and share buy-backs as Shaikan expansion is stopped by the virus and lack of payments for its crude. Ascent has started the process of coming back to life with a potential move in to the Caribbean and Hispanic areas. Finally, delayed from yesterday a quick look at Petro Matad who have an update out.

Malcy2020-03-24T14:04:11+00:0024 March 2020|Categories: Daily Blog|Tags: Ascent Resources, Diversified Gas & Oil, Gulf Keystone Petroleum, Petro Matad|0 Comments

Oil price, Trinity, Premier, Petro Matad – And finally…

Trinity's operational update is positive particularly going forward where low-cost, high margin publication gives the business 'significant upside potential'. Over at Premier the operational excellence continues as the Tolmount East well comes in, a very valuable discovery indeed. Finally the Gazelle-1 well results from Petro Matad are inconclusive at best and confirming withdrawal from Block V which I thought had already been done, at least this year.

Malcy2019-10-17T11:30:32+01:0017 October 2019|Categories: Daily Blog|Tags: Petro Matad, Premier Oil, Trinity Exploration & Production|2 Comments

Oil price, Hurricane, Petro Matad, IOG, Reabold, Touchstone, Range – And finally…

Oil finished the week up and is nicely up again today. Hurricane has updated on the Lincoln Crestal well where flaring has indicated oil brought to surface in a DST. Petro Matad have found a very similar but better than expected oil find at Heron-1 which will now be tested. IOG have closed out their EUR 100m 5 year note and are ready to close the farm-out and go to FID for their SNS gas project. Reabold have also confirmed significant success at Parta in Romania whilst Touchstone has discovered substantial natural gas at its Ortoire block in Trinidad. Finally, Range has raised £750,000 as it carries on after the recent debt restructuring and RRTL sale.

Malcy2019-09-09T14:48:50+01:009 September 2019|Categories: Daily Blog|Tags: Hurricane Energy, Independent Oil & Gas, Petro Matad, Range Resources, Reabold Resources, Touchstone Exploration|0 Comments