Oil price, Aminex, Rockhopper, President

The oil price is up again as backwardation rears its pretty head...Aminex takes a huge step towards Farm-out in Tanzania with the Tax Clearance Certificate headed to the Ministry. Rockhopper have made significant cuts in the corporate overheads of c.30% on 2019 led by executive directors pay cuts. And in Argentina the Government has fixed the price that refiners pay producers for crude oil at $45 which with decent demand from the ending of the virus lock-down should be beneficial.

2020-05-19T12:51:56+01:0019 May 2020|Categories: Daily Blog|Tags: , , |0 Comments

Oil price, Reabold/Union Jack, President, Block

Oil remains precarious as traders watch the physical market and try to figure what USO are up to...I catch up on news yesterday from Reabold and Union Jack from West Newton as well as President Energy. I also take a look at Block Energy where selling from Georgia Oil & Gas may be creating opportunities...

2020-04-28T13:07:09+01:0028 April 2020|Categories: Daily Blog|Tags: , , , |2 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...

February Bucket list update…

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

Oil price, Trinity, Echo, Far, President, Touchstone, Lamprell – And finally…

Oil has rallied for a number of reasons but Libya is getting pretty lively. Trinity have, as usual a very positive update across the board while Echo also seems to be becoming interesting at the Santa Cruz Sur. Far has gone ahead with its FID for Senegal and is now sorting out the financing which seems nearly all done. President has tapped Trafigura who are injecting money into this well run company and Lamprell confirms the two jackup orders. Finally Touchstone testing an oil play now have a 'liquids rich' structure.

Oil price, Genel, President, Block – And finally…

Oil fell but not as much as it might have after production rises from the KSA and the USA. An upbeat trading and operational update from Genel this morning where cash flow is very strong, funding capex, dividends and probably more M&A as well. The Sarta development proceeds incredibly fast and hoping for production next year. President update the market as they start to put gas through their own pipeline which is to be expanded by January. Finally it may be worth taking a look at the Block Energy shareholder list as well known predator Jon Fitzpatrick declares a stake to add to that of Alistair Ferguson, Chairman of Solo (Scirocco)...

2019-11-01T10:58:44+00:001 November 2019|Categories: Daily Blog|Tags: , , |0 Comments

Oil price, Echo Energy, PetroTal, DGO, President Energy – And finally…

Oil drifted with the IMF cutting GDP forecasts again. A smart move by Echo Energy as they buy some production with upside to add to the now more balanced portfolio. At PetroTal the 4H horizontal well has come in above expectations and 20% cheaper than budget and with investments in the production facility capacity is rising. DGO are continuing to up their governance game ahead of joining the premium part of the LSE and President has done a smart deal taking more gas through its pipeline and also some oil, for nothing and the seller is buying $1.825m of President's stock.

2019-10-21T13:37:14+01:0021 October 2019|Categories: Daily Blog|Tags: , , , |1 Comment

Bucket list 6 month update.

Today is the interim Bucket List with a look at performance since February, the good the bad and the ugly and with two stocks dropping out to be replaced in the list.

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