Pharos Energy Archives - Malcy's Blog

Oil price, Genel, Sound, Pharos, Hurricane. And finally…

Oil has drifted again today, the delayed EIA inventory stats were hit by Laura, although crude built 2m barrels products drew as refinery utilisation fell with some refineries still closed. Genel announces that they may raise up to $300m to replace existing facilities, wise move from a position of strength. Sound's interim statement is short, nothing new but we know the new management are flat to the boards right now. Pharos has received permission for the full field development plan at TGT and Hurricane have taken a sharp knife to the CPR under new management..

Malcy2020-09-11T13:44:15+01:0011 September 2020|Categories: Daily Blog|Tags: Genel Energy, Hurricane Energy, Pharos Energy, Sound Energy|0 Comments

Oil price, UJO/Egdon, Pharos, President.

Oil stays high as Hurricane Laura approaches the Texas coastline. Union Jack and Egdon have received proceeds from Humber and Pharos has announced interims and extended prospects in Vietnam. President has much going for it in 2H 2020 with a drilling campaign and are back in talks with NOC re Paraguay.

Malcy2020-08-26T17:53:30+01:0026 August 2020|Categories: Daily Blog|Tags: Egdon Resources, Pharos Energy, President Energy, Savannah Energy, Union Jack Oil|0 Comments

Oil price, GMS, Pharos, Utd O&G, Trinity. And finally…

Oil continues to strengthen against most commentators expectations. A gradual rise like this is better than sudden movements although with WTI at $43.34 and Brent at $46.07 is probably enough absent substantial demand rises. GMS are worth a look as whilst they lost their vote yesterday but are in a strong position with little downside. Pharos have extended TGT and confirmed their RBL situation. United Oil & Gas have taken over the 80% interest in Jamaica that Tullow had to discard after recent financial embarrassment and Trinity Exploration comment on potential tax changes post the upcoming General Election in Trinidad.

Malcy2020-08-05T13:29:17+01:005 August 2020|Categories: Daily Blog|Tags: Gulf Marine Services, Pharos Energy, Trinity Exploration & Production, United Oil & Gas|1 Comment

Oil price, Pharos. And finally…

Oil rallied after better than expected inventory stats on the gasoline front where demand is holding up for the time being...Pharos have an update in which they continue cost cutting and are in line with guidance on production.

Malcy2020-07-09T11:40:50+01:009 July 2020|Categories: Daily Blog|Tags: Pharos Energy|0 Comments

Oil price, IOG, Premier, Reabold, Tower, BPC, President, VOG, Pharos, SDX -And finally…

It seems that despite the occasional up day like today most are down, except the shipping market which is like Christmas Day at the moment. Today i look at iog with a very decent plan for the project, Premier which like others is struggling, Reabold with cheap production in California, Tower an up to date CPR, President with prices in Argentina might be sticking, VOG with new CEO Roy Kelly, Pharos looking ok but Egypt might take the brunt and a success for SDX. And BPC who have delayed their well...

Malcy2020-03-13T14:47:31+00:0013 March 2020|Categories: Daily Blog|Tags: Bahamas Petroleum, IOG, Pharos Energy, Premier Oil, President Energy, Reabold Resources, SDX Energy, Tower Resources, Victoria Oil & Gas|0 Comments

iog, Genel, Gulfsands, Pharos

Iog brings an update to the market, all is well, fully funded and this year should be a good one for them. Genel has been paid by the KRG for oil payments, a welcome return to normality and Gulfsands has completed its raise of just over £4m.

Malcy2020-01-08T10:06:47+00:008 January 2020|Categories: Flash Blog|Tags: Genel Energy, Gulfsands Petroleum, IOG, Pharos Energy|0 Comments