Oil price, Premier, IGas, Getech And finally…

Oil has rallied again today on the news about tomorrow's Opec and Opec+ meetings, as I write WTI is $38.27 and Brent is $41.20. I look at Premier Oil who are getting a reduction from BP in the price of the NS assets but have had to cut a deal with ARCM in the process. There is also an AGM statement from IGas which shows the strength of the company finances and its management and also we have 2019 results from Getech.

2020-06-05T12:06:15+01:005 June 2020|Categories: Daily Blog|Tags: , , |2 Comments

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, Ascent, PetroTal, Genel, iog, Premier, GMS

The oil price, even with the VE holiday tomorrow will likely end up on the week, lock-down is slowly disappearing. Ascent resources has completed its recently announced fund-raise, PetroTal have shut-in production from the Bretana field after the pipeline to market created a potential refinancing. Genel announce production from Tawke and that the gas project is completed and testing. iog are moving fast on the Core Project, today they hire Subsea 7 for Phase 1 works. Premier find that their pain in the butt is appealing the Edinburgh Court ruling pushing back the equity raise. Finally GMS reject the final 10p bid from Seafox as 'fundamentally undervaluing the company.

Oil price, Wentworth, SDX, Jadestone, Premier

Oil is ending the week down around $7 a barrel despite what might be three up days, what a roller coaster. Today I look at the Wentworth results which show a company in a great position, long term gas contracts, cash in the balance sheet and no debt with the ability to pay a divvi into the bargain. This high quality management team is delivering and will probably do some more. SDX tell the market that the Sobhi well should reward their faith and be onstream next year. Jadestone yesterday also produced results very much in line with expectations, this is a great company which will continue to beat the odds. And not much to add from Premier as CEO Tony Durrant goes out on live TV last night but kept his cards pretty close to his chest.

2020-04-24T12:17:44+01:0024 April 2020|Categories: Daily Blog|Tags: , , , |4 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...

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.

Premier Oil, Rockhopper Exploration, RockRose Energy

Todays blog is dedicated to three of the best UK Companies in the sector. Premier have traded immaculately and have bought some assets off BP. Together with Rockhopper they have farmed-out a 30% interest in Sea Lion in the Falklands to Navitas which is very good for RKH as the farm-in strengthens the development considerably. And finally, RockRose continues to deliver the goods financially and operationally ,has almost all its share price in cash and is full of value.