Oil price, RockRose, Trinity, PetroTal, Wentworth Resources, DGO – And finally…

The oil price has fallen further and faster than virtually ever before, today it recovered, stand by for stormy weather. Stock-wise i'm talking about RockRose, Trinity , PetroTal, Wentworth and DGO from yesterday, with apologies.

February Bucket list update…

It's Bucket List time and the February update is out today, cue trauma.....

Oil price, Sound, PetroTal, Falcon – and finally…

Oil drifted in the end last week, Iran shooting down a civil airline flight somewhat dented the passion against the Great Satan's. Sound Energy has continued to work though the EIA and sundry diligence for its work in Morocco and PetroTal Corp has yet again over-delivered against market expectations. Finally, Falcon Oil & Gas has had a minor operational delay which will be sorted by Origin sidetracking the well.

2020-01-13T12:36:48+00:0013 January 2020|Categories: Daily Blog|Tags: , , |4 Comments

Oil price, Echo, DGO, PetroTal, Touchstone – And finally…

Oil recovered yesterday after initially falling on an API report that showed a build in stocks, the subsequent EIA report showed a draw of 1.1m barrels and oil recovered to be roughly even on the day. Echo has announced that its rig is on the move and should be ready to drill the CLix-1001 well by the end of December. DGO has announced a new NED as well as announcing that the 2Q divvi will be paid on 20th December and a sterling equivalent of 2.65p a share. PetroTal has also appointed two new NED's after recently the Chairman of the Board moved to the non board position of CFO. And Touchstone announce that the Coho-1 well has produced well making it a red letter month for the company.

Oil price, Far, PetroTal, Touchstone – And finally…

Far has announced in the last few days a substantial conditional placement which along with senior and junior debt will fund the development of the Sangomar Oil Field. Far are now in a very strong place as the development goes ahead and of course important drilling in the rest of the portfolio. PetroTal has announced that the 5H well on the Bretaña field has come in flowing 8,250 b/d 'exceeding management expectations'. Touchstone has also come in with a real barn-burner as the Cascadura-1 well 'a significant oil discovery'.

2019-12-16T12:45:46+00:0016 December 2019|Categories: Uncategorized|Tags: , , |0 Comments

Oil price, Longboat, Jadestone, BPC – And finally…

Happy Thanksgiving and whilst today and Black Friday means very little trading in oil markets until Monday it is a time of the year fraught with risk especially with the Opec+ meeting next week. I welcome Longboat Energy to the market with its former Faroe management and talk about Jadestone, also with a very high quality team. With Bahamas Petroleum preparing for 2020 drilling they are starting the necessary steps for local investors and the environmental needs.