Oil price, Savannah, Petrofac, President, Getech, Coro.

Oil rose as production in Libya and Ecuador fell for civil rights reasons. Still no data from the EIA and Macron thinks he has a scoop from Opec. Savannah bring more gas onstream and Petrofac have decent figures looking better in 2H 22. President results good and value still way too low and Getech sign a big contract. Finally Coro have had a good year

2022-06-28T16:57:21+01:0028 June 2022|Categories: Daily Blog|Tags: , , , , |0 Comments

Oil price, PetroTal, Gulfsands, Egdon/UJO, CEG, Petrofac. And finally…

Oil is up today as demand looks stronger than any supply in the future. PetroTal has issued a very upbeat Q1 update which makes me want to increase the TP again. Gulfsands have done a very smart deal in Colombia which might not have been possible a few years ago. Petrofac are slightly cautious about the short term but the long term looks good to me, Egdon has paid off some debts and is making good returns from Wressle particularly, Union Jack gains from being paid back. Finally Challenger has gone on with its Uruguay acreage which is now looking very exciting.

Oil price, Gulf Keystone, Petrofac, Predator, SDX.

Oil is still quiet, up just under a dollar this afternoon ahead of the EIA inventory stats. Gulf Keystone announce a $50m special dividend which along with KRG payments bodes well for the shareholders. Petrofac announce a contract with bp's GTA project in Africa and Predator remind us that Mag Mell is crucial to Ireland's energy supply. Finally, SDX has accepted a bid for the company of 10p in shares from Tenaz from Calgary, what has life come to?

2022-05-25T15:49:32+01:0025 May 2022|Categories: Daily Blog|Tags: , , , |0 Comments

Oil price, PetroMatad, Petrofac, CEAG. And finally…

Oil is up again today, over $110 for WTI and $113 for Brent, the way things are going it will be one way traffic for a while. Today Petro Matad say how they are struggling with Chinese Covid measure but will be OK. Petrofac have won a good contract in the Gulf of Mexico and will be a good investment from here. Also I note that CEAG have an exciting new product in the market.

2022-05-05T14:51:56+01:005 May 2022|Categories: Daily Blog|Tags: , , |0 Comments

Oil price, Kosmos, Petrofac, Touchstone. And finally…

Oil starts this week on the front foot after last weeks weakness and we remain in the current trading range. Results from Kosmos were in line and the company looks in good nick right now. Petrofac has won a $96m contract, much more to come I suspect. Finally Touchstone has made a discovery at Royston-1 with what to me looks like a potentially valuable hydrocarbon find.

2021-11-08T13:38:10+00:008 November 2021|Categories: Daily Blog|Tags: , , |0 Comments

Oil price, Hurricane, Eco Atlantic, Petrofac, Zephyr. And finally…

Oil has drifted today after last week hitting fresh highs and natural gas had a great week too. The Hurricane board have lost their case in the High Court as they attempt to rob the equity holders of 95% of their value. Petrofac has reported a trading update in line with expectations but only when the CFO case is dropped will they start to shift up a gear. Eco Atlantic has done a great deal with a raise into the bargain in a deal that brings exciting near term drilling in Guyana. And Zephyr has signed a contract with Cyclone drilling for the upcoming State 16-2LN-CC well.

2021-06-28T17:51:55+01:0028 June 2021|Categories: Daily Blog|Tags: , , , |1 Comment
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