Flash blog, PetroTal, Jadestone.

A 9 month update from PetroTal this morning and although it had some transportational issues due to levels of water in the Amazon that is now passing and substantial recovery is already underway. Conference call at 3pm. Jadestone also updated, mainly on Montara which is still out and likely to be until next year but elsewhere numbers are good and I'm looking for the company to grow by both organic and inorganic growth next year.

2022-11-17T09:11:26+00:0017 November 2022|Categories: Flash Blog|Tags: , |0 Comments

Oil price, Genel, PetroTal, Longboat, Harbour, Sound. And finally…

Another good day for oil, a weak dollar initially helped but after the Fed's comments about the economy it firmed a bit. Also Opec+ are still producing some 1.3m less than quotas which won't get easier. An update from Genel shows an acquisition fund of $500m+ by the year end and PetroTal announce that the 13H well is producing at around 8,000 b/d. Longboat announced that Oswig disappointed but did find a condensate discovery to analyse more of later. Harbour made its guidance and is bringing debt down and Sound cant get the Moroccan Tax Authorities persistence.

2022-11-03T13:57:29+00:003 November 2022|Categories: Daily Blog|Tags: , , , , |0 Comments

Oil price, PetroTal, Arrow, Scirocco, Block, Angus. And finally…

Oil is falling on the demand crisis with agencies cutting numbers but it makes sense to do what Opec+ did. A good Q3 update from PetroTal and whilst production was down a bit the outlook is very positive. Arrow continue to deliver the goods and will get better. Scirocco report good news from its EAG investment and Block slightly disappoints. Yesterday Angus upped the game some more with further good flow rates and looks set fair to me.

2022-10-13T16:33:50+01:0013 October 2022|Categories: Daily Blog|Tags: , , , , |0 Comments

Oil price, PetroTal, IOG, Zephyr, Angus, Hunting, Eco. And finally…

Oil rose yesterday ahead of today's Fed symposium at Jackson Hole Wyoming, tomorrow we will hear the rate decision. The EIA inventory stats showed a big crude draw of 3.3m with a fairly quiet product market. Today PetroTal have another excellent report, IOG update after a small reduction in guidance and Zephyr have wrapped up a small parcel of acreage at the Paradox Basin. IOG deliver the first revenue and net profit and Angus are nearly over the line at Saltfleetby whilst Hunting are mega bullish about the sector, me too. Finally, under the cover of 1Q numbers Eco manage to advertise wells coming up in South Africa and Namibia....

2022-08-25T17:22:57+01:0025 August 2022|Categories: Daily Blog|Tags: , , , , , |0 Comments

Oil price, PetroTal, United Oil & Gas. And finally…

With the US shut for July 4th celebrations oil markets were open elsewhere and rallied on better economic news from the Far East as well as the imminent Norwegian oil workers strike which starts today and builds over the next few days. Today a cracking update has seen PetroTal force me to up my TP yet again. Also I write up a chat I recently had with Brian Larkin of United Oil & Gas.

2022-07-05T12:47:13+01:005 July 2022|Categories: Daily Blog|Tags: , |0 Comments

Oil price, PetroTal, Zephyr, Rockhopper, Longboat, Harbour, Hurricane, President. And finally…

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 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, JOG, PetroTal, Afentra, Hurricane, Empyrean. And finally…

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 price, Kistos, PetroTal, SDX, Block, Getech. And finally…

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.

2022-04-07T15:17:44+01:007 April 2022|Categories: Daily Blog|Tags: , , , , |0 Comments
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