Oil will likely be up around a couple of bucks this week as good economic stats from the UK, Germany and of course the USA where non-farm payroll will be announced today. San Leon has tweaked the board and Providence has raised money via exercise of warrants.
Oil fell yesterday virus numbers were up again in India and now Japan has sounded the warning as well. Inventory stocks were mixed neither helping or hindering. Today its results from PetroTal who to be honest would prefer we looked at this year not last and so would Jadestone who pushed back capex which should repay this year. Its ben a mare for Providence Resources where yet again Barryroe has hit the buffers, another spell in A&E for them. Getech update positively and Empyrean get a tax rebate from the US. I also have another look at Far/Remus carried over from yesterday which has been a real FARce as Remus appears to be a man of straw.
Oil is quiet today as with the Opec members talking amongst themselves and the Opec+ meeting put back until Thursday few bets are being taken. Genel and GKP have received their October payments from the KRG and BPC has revealed strategy for Trinidad and Suriname along with extensive drilling programme and a CPR. Providence announced the Barryroe farm-out yesterday and this morning San Leon note that they have a 4.5% NPI on the field. Echo update on debt and production as well as an equity raise.
Oil fell sharply again with the increase in virus numbers to blame. Today I look at VOG with results and update, and note a hopefully short delay at Barryroe....I also had a great opportunity to interview Simon Potter and Eytan Uliel at Bahamas Petroleum yesterday, the link is here.
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.
Back down again today as world markets dive on the increased virus numbers. I link to the JOG story of Buchan video which is very much worth watching, meanwhile I follow up on a meeting with Alan Linn, CEO of Providence Resources. Finally I cover the Trinity update where they continue to produce well from existing well stock.
A down day for oil yesterday as the EU pressed the panic button and the Opec committee meeting changed nothing until December. A catch up today with a look at the SOCO interims, news from Wentworth about the GSA and the fund raise from Providence.
Oil is all over the place with America and China playing diplomatic tennis and now appearing to be making friends again. Today, DGO buy a small but important stake in gas gathering systems and Eco Atlantic have spudded Joe-1. Reabold have potentially very exciting news from Romania and Solo Oil are about to update their corporate presentation. Jadestone trim the guidance, mainly for the weather to be fair but still look in good nick whilst Providence and Lansdowne have extended their backstop.
Oil is quiet at the moment although the inventory figures will be as important as ever this week. Cluff Natural Resources has completed its farm-out to Shell with a well to be drilled soon. Providence and Lansdowne are being forced into another week's extension as the Chinese money is still not in...DGO has announced that its divi will from now, have a GPB Sterling alternative which has gone down well. Catch up from yesterday on IOG where LOG has restructured and EOG have had a Government extension at FEL 2/13.
It has been a bad week for crude oil but yesterday, and so far today, oil is rallying from the lows created by trade wars and grim EIA inventory stats. Amerisur seem to be moving fast with the FSP with a number of companies signed up and Providence and Lansdowne have the approval to get underway at Barryroe but so far no dosh to do it with. I catch up on Touchstone who spudded on the key Ortoire block and Block who are preparing for 38Z but all people want to know is the production rate on 16aZ...