Oil fell on the Fed confirming a 75bp rise with Swiss and UK central banks today and the ECB being what only they can be...Lots of company news today, PetroTal have a good sales update, Zephyr are investing better than expected cash flow, Rockhopper raise went very well, Harbour are buying back $200m, Longboat update in full detail, Hurricane monthly shows more cash build up and President have a bare bones update.
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 remains very mixed with China, the US dollar and a potential meeting between Sleepy Joe and MbS. Genel has announced its new CFO, Luke Clements is a fine choice and PetroTal has spudded the 11H well.
Not much going on on the oil front but gas is all over the place. An update and results from JOG who are in very good shape at the GBA. Figures and an update from PetroTal which is also in very good shape right now. Afentra reveal that they have bought interests with Sonangol which looks a cracker to me. Finally Hurricane report and looks cheap as chips. And Empyrean regrettably found out that jade was dry.
Oil fell sharply yesterday as the EU dithered on sanctions...Kistos has results better than expectations and with a very positive cash flow and debt payoff potential, PetroTal has ended the dock protests. SDX has a discovery at SD-5X at South Disouq and Block has an operational update and pre-warns on fund raising whilst I cover news from Getech from yesterday.
After a fall yesterday oil is up again today after Russian exports are being throttled by tanker and insurance sanctions hitting. Also inspectors apparently reported that enriched uranium stocks in Iran have doubled - well knock me over with a feather... PetroTal have some slight problems due to social unrest and GKP have their Shaikan payments.
Oil has bounced by $3 this morning, Chariot has updated on Lixus and San Leon on Nigeria. PetroTal win a gong and SDX have a good well result.
Oil is very nearly $100 today after overnight moves in Ukraine from Putin. A big increase in capex this morning from PetroTal and showing that it can deliver way more than expected from the existing portfolio. Union Jack has announced that since August 19th it has taken $3m in revenues from Wressle alone and IGas have a deal on Cornish Lithium.
Oil rose with crude and product draws ahead of today's inflation number. PetroTal continues to cruise past targets and today I raise targets again. Genel have followed DNO's guidance today as expected and Jadestone give good 2022 guidance.
Oil was up just under 5 bucks last week, quiet today for Martin Luther King day. A great update from PetroTal who are breaking all production numbers and \angus who have had at least 6 intentions of interest in their assets. Reabold and Union Jack announced initial results of analysis of the West Newton Extended Well Test programme carried out in the second half of 2021 by RPS Group and the results of analysis carried out on fluids produced to surface. Finally Hurricane are starting to look like the good thing that they were.