Oil price, BPC, President, Block, PetroTal, Trinity. And finally…

Oil remains strong and as WTI heads to $58 and Brent now over $60 recent moves on supply, stocks and stimulus have given it fresh impetus. Unfortunately the BPC P#1 well, whilst finding oil also said that it was not commercial, the good thing is that it is no longer a solo project company with opportunities to develop acreage in Trinidad, Surinam and Uruguay. President has updated reserves and contingent resources and Trinity has confirmed 2020 numbers with 2021 guidance. Finally I had the opportunity to interview Manolo Zuniga about PetroTal going forward.

Oil price, Predator, President. And finally…

Oil stays on an upward trend as news on stocks show declines and that Opec+ consider will fall more by June. Predator has welcomed the Irish Government's commitment to honour existing licences issued by the State for oil and gas and that all options for energy security should be explored. President has started development of its treatment plant which should save considerable opex.

2021-02-03T12:19:04+00:003 February 2021|Categories: Daily Blog|Tags: , |0 Comments

Oil price, Savannah, Angus, President.

Oil fell as the Covid variant panicked markets although the dollar remains weak. Savannah has updated the market on financials and operations, the company is in very good shape. Angus have raised £250,000 of equity and CEO George Lucan spoke to me about the company's prospects. President has announced a new treatment plant and updated on Paraguay.

2020-12-22T13:27:22+00:0022 December 2020|Categories: Daily Blog|Tags: , , |0 Comments

The Bucket List 2021

The 2021 Bucket List.

Oil price, JOG, Genel, Union Jack,Egdon, President. And finally…

A good week for oil has quietened down, may due to todays Thanksgiving Holiday. Today JOG announce the acquisition of the final piece of the GBA jigsaw, Genel have first oil from Sarta and President have another discovery in Argentina. Egdon announce a small delay to Wressle but first oil should be in January and they have borrowed £1m from Union Jack who also announce some directors buying.

Oil price, President, Block, Helium One. And finally…

Oil rose sharply last week as the markets went to risk-on after the vaccine news and potentially more positive news from Opec+ and maybe even Brexit...Block announce operational progress in Georgia and more success at new exploration well EVN-x1 is announced by President  this morning. Helium One confirms stories about a £6m raise and amalgamation with Attis Oil & Gas Limited and Proposed Admission to AIM.

2020-11-16T12:50:16+00:0016 November 2020|Categories: Daily Blog|Tags: , , |0 Comments

Oil price, Predator, President, Hunting. And finally…

After yesterday's fall oil has settled today but with no signs of the virus abating even the opec secretariat are cautious on demand picking up this year. Predator continue to serve up good news, today it is from Trinidad with Ministry approval on CO2 EOR. President have also announced a potentially good well result from Estancia Vieja whilst Hunting's 3Q wasn't as bad as I expected.

2020-10-27T13:08:30+00:0027 October 2020|Categories: Daily Blog|Tags: , , |4 Comments

Oil price, President, IGas, Savannah Energy. And finally…

Oil fell on Friday and is at least a buck down today as markets all lose way in the face of further increases in COVID numbers. President provide very creditable interims along with a successful drilling result today and IGas are throwing the dice again, this time with Hydrogen in a HOT with BayoTech. Finally I review Savannahs interims as I took time out to interview CEO Andrew Knott with a link here.

2020-10-26T14:03:02+00:0026 October 2020|Categories: Daily Blog|Tags: , , |0 Comments

Oil price, Zephyr Energy, Total Market Solutions Podcast. And finally…

Oil is drifting and was around even on the week. Zephyr Energy has announced a raise of £2.25m which is more than enough to cover their costs of the dual use well in the Paradox Basin. I link to a Podcast with Total Market Solutions as part 1 of 2.

Oil price, Union Jack, President, Touchstone, GMS. And finally…

Oil rallied yesterday as Chinese oil imports rose m/m and y/y quite substantially. Union Jack has bought a large chunk of North Kelsey from operator Egdon who now both have a 50% stake. President has spudded the EVN-1 well at Estancia Vieja whilst its workover rig is prepping LB-1001 for testing and production. Touchstone has hit paydirt at the Chinook well making 3/3 significant gas finds. Finally the mess that is GMS and Seafox is coming to a head, quite what these shenanigans are supposed to gain for shareholders is not clear.

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