Pharos Energy Archives - Malcy's Blog

Oil price, PetroTal, Pharos, Longboat, PetroMatad, Trinity. And finally…

Oil is up around a dollar this morning despite some indifferent economic news from China. More importantly the natural gas price continues to run, in the UK it was nearly 200p this morning. A great result for PetroTal at BN-8H gives them a better than expected 7.6m b/d making 15.4m b/d, also Pharos farm-out in Egypt, another very smart deal. Longboat update, things are starting to happen with the drill bit and Petro Matad have interims and are preparing for Heron production next year. Finally Trinity have first result post the tragic loss of Bruce Dingwall.

Malcy2021-09-15T12:16:54+01:0015 September 2021|Categories: Daily Blog|Tags: Longboat Energy, Petro Matad, PetroTal Corp, Pharos Energy, Trinity Exploration & Production|0 Comments

Oil price, Sound, IOG, UJO/Egdon/Europa, Pharos. And finally…

Oil remains solid especially after a very solid across the board set of EIA inventory stats yesterday. Today Sound Energy have made huge progress in Morocco and with an LNG sales agreement and subscription are looking very strong indeed out there now. IOG have signed up their GSA and gas prices remain incredibly strong which makes first gas in Q$ 21 a mouth watering event. The Wressle partners announce a successful proppant squeeze which should be very helpful for oil production and Pharos have updated on Vietnam and their new RBL.

Malcy2021-07-29T13:31:55+01:0029 July 2021|Categories: Daily Blog|Tags: Egdon Resources, Europa Oil, IOG, Pharos Energy, Sound Energy, Union Jack Oil|0 Comments

Oil price, Union Jack/Reabold, Pharos, Wentworth, Harbour. And finally…

Oil rallied yesterday and is better again today. Union Jack and Reabold have little say about west Newton, just yet and Pharos looks better in Vietnam. Wentworth have a new NED and Harbour have two profit warnings today on run of the mill operational matters.

Malcy2021-07-21T13:03:44+01:0021 July 2021|Categories: Daily Blog|Tags: Harbour Energy, Pharos Energy, Reabold Resources, Union Jack Oil, Wentworth Resources|4 Comments

Oil price, Challenger, Pharos, Hurricane. And finally…

Oil is flat, little to say after EIA report was bullish and bearish...Challenger update on Saffron-2 which is in line with expectations and hopefully producing soon whilst Pharos update on Vietnam and a quiet period in Egypt. Finally Hurricane have a monthly update.

Malcy2021-07-14T14:54:47+01:0014 July 2021|Categories: Daily Blog|Tags: Challenger Energy Group, Hurricane Energy, Pharos Energy|0 Comments

Oil price, Serica, Longboat, Pharos, Hurricane, Zephyr, Lekoil, Decklar. And finally…

Oil is quiet, the reporting agencies are out this week and the EIA were somewhat bearish in their comments. They don't generally take into account the politics of the situation and have based their views on supply and demand data. A good result from the Rhum R-3 well for Serica and Longboat announce a raise of £35m and two of three deals to get them started. Pharos update on Egypt and Vietnam but no comment yet on the farm-out whilst Hurricane update on production as they will until 5th July. Decklar has acquired the opportunity to participate in the Asaramatoru field in Nigeria, located in OML 11. I speak to Zephyr CEO, Colin Harrington who tells me about all things Paradox and their new environmental brief and Lekoil Ltd worry about their CEO...

Malcy2021-06-10T13:00:45+01:0010 June 2021|Categories: Daily Blog|Tags: Decklar Resources, Hurricane Energy, Lekoil Ltd, Longboat Energy, Pharos Energy, Serica Energy, Zephyr Energy|0 Comments

Oil price, Savannah, Sound, Chariot, PetroTal, Longboat, IGas,

Oil was a dollar off the top as I write with the Opec+ meeting ongoing. Figures from Savannah Energy late on Friday, Chariot close the AEMP deal and PetroTal update positively. Longboat Energy have a deal and a raise into the bargain, IGas get planning for the Stoke geothermal project, Pharos update and Sound remain confident that the tax is not due.

Malcy2021-06-01T17:11:59+01:001 June 2021|Categories: Daily Blog|Tags: Chariot Oil & Gas, IGas Energy, Longboat Energy, PetroTal Corp, Pharos Energy, Savannah Energy, Sound Energy|1 Comment

Oil price, PetroTal, JOG, IGas, Pharos. And finally…

Oil is quiet, the IMF brought out upbeat GDP figures which seem to support the Opec+ view on the 2nd half economic growth and the API showed crude inventories drawing by 2.6m barrels. PetroTal have had an upbeat statement and JOG has completed the last of the GBA asset deals. IGas have performed well in the conventional assets and Pharos have got a lot of good news to look forward to.

Malcy2021-04-07T15:56:54+01:007 April 2021|Categories: Daily Blog|Tags: IGas Energy, Jersey Oil & Gas., PetroTal Corp, Pharos Energy|2 Comments

Oil price, Sound, Union Jack/Reabold, Pharos, Scirocco, Savannah, Sterling, Cairn.

Oil is down a touch this morning, about the same as it was up yesterday...The Suez Canal is open and the market is starting to look towards Opec+. Sound has gone a long way in the bond restructuring and UJO and Reabold are moving ahead fast at West Newton. Pharos has new fiscal terms in Egypt and may also be in a good position on its farm-out. Elsewhere, new directors at Sterling Energy are v good, Savannah has a new website, Scirocco has been written up in a good note from WHI and Cairn have heard that the Indian Government are trying to have the Dutch court of arbitration set aside.

Malcy2021-03-30T14:05:35+01:0030 March 2021|Categories: Daily Blog|Tags: Cairn Energy, Pharos Energy, Reabold Resources, Savannah Energy, Scirocco Energy, Sound Energy, Sterling Energy, Union Jack Oil|0 Comments

Oil price, Union Jack/Reabold, Pharos, Falcon. And finally…

Oil is drifting this morning after further virus fears re-emerged in China. HitecVision is to bid for Exxon's Central and northern North Sea interests and Union Jack and Reabold update positively on West Newton. Pharos has raised $11.7m to get going on drilling operations in Egypt and Falcon has continued success at Kyalla.

Malcy2021-01-22T13:56:33+00:0022 January 2021|Categories: Daily Blog|Tags: Falcon Oil & Gas, Pharos Energy, Reabold Resources, Union Jack Oil|2 Comments

Oil price, Gulf Keystone, Pharos. And finally…

Oil remains strong as does the UK gas price, now up at 80p... Today Gulf Keystone have an operational and corporate update and Pharos also update on trading.

Malcy2021-01-13T13:46:41+00:0013 January 2021|Categories: Daily Blog|Tags: Gulf Keystone Petroleum, Pharos Energy|0 Comments