A rare week up for oil and today sees results from Coro while Petro Matad update on operations. And Friday saw Jadestone signing up its new RBL, now it must use the money.
Oil was up last week and stronger again today, Opec+ didn't change the deal and the EU seaborne oil and the G7, EU and Australian price cap came in at $60. Wentworth has announced an agreed takeover by Maurel & Prom and Angus are working hard at Saltfleetby. At Serica Eigg is non-commercial but trading remains strong and Petro Matad still have no luck at XX but are hopefully drilling Block V next year
If todays 2 dollar oil price rise sticks then half the fall has been made back, Omicron may not be as vicious as first thought but its not over yet. Today Petro Matad updates at length and Orcadian show how smart they are and have been selected by the OGA for their work.
As Opec+ prepares for the Algeria summit oil is perky today and likely to be up on the week. I discuss the Savannah Petroleum deal adding to the Seven assets and notice that SDX may be looking at the huge BP portfolio in Egypt. Soco are also buying in Egypt but more modestly and I look at RockRose after their figures. Reabold have two pieces of news, especially going well in California, Petro Matad has a duster in Mongolia and Providence unveils more Barryroe wells.
WTI $52.14 +$3.00, Brent $58.12 +$3.17, Diff $5.98 +17c, NG $2.65 -6c Oil price Five days is a long time in oil price terms and this Easter much has happened, ...