Oil price, Predator, Columbus, iog, Petrofac, PetroTal, Trinity And finally..

Oil put in a shift last month, WTI up 88% and Brent up 40% although its still down 40% odd ytd. Today we look at Predator, building a strong position in Trinidad, Columbus working with them and with ongoing in the SW Peninsula. IOG have awarded the well management contract to Petrofac who add to the Iraq contract last week. At PetroTal it looks like the Bretana pipeline will reopen next month and that means that they can get a facility to sort out the bill from when the oil price fell and left them exposed. Finally Trinity get a VAT Bond from the Government to maintain financial strength.

Oil price, Predator, Premier

Oil picked up after several Opec+ parties agreed to further cuts to production led by Saudi Arabia and with a possible extension of the June deadline. Predator has had good news from Trinidad as their CO2 injection gets a 90 day period to allow maximum CO2 injection rates and pressure to be achieved. And in a trading update today Premier slip slightly after an unplanned Catcher outage brings production guidance to 65-70 kboepd. No news on the BP acquisitions but 'in talks with all parties'.

2020-05-13T10:17:50+01:0013 May 2020|Categories: Daily Blog|Tags: , |0 Comments

Oil price, Predator

This will prove to have been a horrible quarter, some short closing may be wise but there will still be winners long term. One of those could well be Predator who update the market today, with all that time at your disposal I would do some research on it, it might prove time very well spent.

2020-03-31T11:19:23+01:0031 March 2020|Categories: Daily Blog|Tags: |0 Comments

February Bucket list update…

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

Oil price, Predator, Sound, Far – And finally…

Oil duly rose last week but at present the virus, now Covid-19 could be peaking but the WHO are less confident. Predator completed a raise of £3.56m at 4p, a highly commendable job done that was 'significantly oversubscribed' and the outlook is promising. Sound Energy has had to go to plan B as so far the buyer of its Eastern Morocco assets has not yet signed an SPA. Far announced that MD Cath Norman had bought shares pa on Friday, nice work.

2020-02-17T14:36:49+00:0017 February 2020|Categories: Daily Blog|Tags: , , |2 Comments

Oil price, Predator/CERP, JOG, DGO – And finally…

Oil and equities remain subdued whilst the population stays at home, literally. Predator and Columbus have successfully injected CO2 in Trinidad which could be most exciting for the future. JOG are doing a great job at the Greater Buchan Area having acquired Equinor's interest fora modest sum. They are putting a great team together here. DGO are trading in line with market expectations ahead of results in March.

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.