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.
Tag: Providence Resources
Oil price, Amerisur, Providence/Lansdowne, Touchstone, Block – And finally…
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…
Oil price, Cairn, Petro Matad, Cluff, Providence/Lansdowne, Kosmos – And finally…
Oil has drifted this morning as the further worries about trade talks bring jitters to the market. But lower rig count and a sub 30m b/d number from Opec keeps things tight. Cairn have had a dry hole in the Norwegian Sea and Petro Matad are suffering after having to suspend the Heron-1 well after title dispute with the provincial govt. Cluff announce that Shell have started 3D seismic on Pensacola and Providence and Lansdowne extend yet again the Chinese backstop date. Kosmos have 2Q figs which were good and have an exciting 2nd half of drilling ahead of them.
Oil price, JOG, Amerisur, Providence and Lansdowne, VOG – And finally…
Oil rallies sharply this morning after a bad week but one that ended with Iran seizing a British ship. JOG have been awarded a ‘transformational’ deal by securing the Greater Buchan area close to Verbier. Amerisur reveal that Maurel & Prom are the bidders but at 17p is far too low, Providence and Lansdowne yet again extend the deal for Barryroe as the money from APEC still hasn’t arrived and my sources including Jamie Nimmo suggest that VOG is about to announce a whopping contract…
Oil price, United Oil & Gas, Providence Resources And finally…
After a very strong January where WTI rose by 18% and Brent by 15% some consolidation seems likely, production is declining nicely but the US/Sino trade talks will be key. Today I look at United Oil & Gas who have announced very handy CPR numbers which make the stock look most attractive. And finally we appear to have a date for drilling at Barryroe, with a rig selected the bit should be spinning 3Q 2019.
Oil price, Tullow/Eco, Providence Resources And finally…
A bounce from lows yesterday when WTI ducked below $50 at one stage, recovered with talk of Russian production cuts. At the Tullow CMD they bigged up Guyana, a new and ‘game changing’ project, imagine what it means for Eco Atlantic with 2/3 wells to be drilled next year. Providence have delayed Barryroe but hopefully by only a quarter.
Oil price, President, Hurricane, Reabold/Upland/United, Providence, Velocys And finally…
Oil remains weak, proper action will be needed on Dec 6th. More good news from President with another good well and it looks like more to come, Hurricane’s Aoka Mizu has paused in Spain for re-crewing, refueling and some minor repairs. With Wick and Colter now in sight Reabold, Upland and United Oil & Gas are ready for action. Providence Resources have pressed the button and partners have approved the budget for Dunquin South. Meanwhile over at Velocys its change the guard again and there is much to do.
Oil price, Savannah, SDX, Soco, RockRose, Reabold, Petro Matad, Providence And finally…
As Opec+ prepares for the Algeria summit oil is perky today and likely to be up on the week. I discuss the Savannah Petroleum deal adding to the Seven assets and notice that SDX may be looking at the huge BP portfolio in Egypt. Soco are also buying in Egypt but more modestly and I look at RockRose after their figures. Reabold have two pieces of news, especially going well in California, Petro Matad has a duster in Mongolia and Providence unveils more Barryroe wells.
Oil price, Genel, Providence And finally…
WTI $69.46 +70c, Brent $72.58 -32c, Diff -$3.12 -$1.02, NG $2.77 +5c Oil price More flip flopping around yesterday as a good start, prompted by the Saudi Opec Governor’s comments that exports may fall back by around 100/- next month,…
Oil price, Trinity Exploration & Production, Providence Resources, Frontera Resources And finally…
WTI $71.14 +$2.08, Brent $77.21 +$2.36, Diff -$6.07 +28c, NG $2.74 n/c Oil price Yesterday’s price move was a direct result of the US move on sanctions against Iran, earlier falls had been in the hope that they would not…
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