Oil price, Rose, Range, Wentworth, Zenith, Jadestone, Savannah And finally…

9 days up for crude and with another 50 cents this morning the best part of 20% off the bottom. Rose have announced some additional acreage in the Paradox Basin adding to their handy portfolio and Range have found an Aussie NED and are re-quoted this morning. Wentworth had a fantastic 4Q and are knocking the lights out in Tanzania, what's next for newish CEO Eskil Jersing? And Zenith raise money in Vienna as part of the non-equity dilutive funding and Jadestone re-start Montara. A good con call and new presentation from Savannah on the website today.

Oil price, Faroe, President, Range, Wentworth And finally…

Oil rallied yesterday but fell sharply along with markets worldwide after the Fed raised rates again. Faroe has released its response to the DNO bid which 'substantially undervalues this high growth, full cycle NS business'. Derisory. More good news from President who have closed out the new concessions at Puesto Prado and are getting to work on the assets. Range Resources say that they are paying the coupon on the convertible in shares to keep cash in the business. And from earlier in the week I look at Wentworth Resources who have exited Mozambique and may be one to watch for 2019 on the corporate front.

2018-12-20T10:33:35+00:0020 December 2018|Categories: Daily Blog|Tags: , , , |2 Comments

Oil price, Amerisur, Coro, Range, Aminex, Jadestone And finally…

An Opec+ agreement was completed but the early excitement soon faded and oil lost ground from Friday's peaks and is back down a dollar this morning. Amerisur look like they have found another very decent discovery at Indico-1 which should be a big boost for them. Coro have done a smart deal with Petronas who have gifted them a huge database which could lead to a PSC in country. Range Resources' CEO has resigned, a new one is probably going to be 2019 at this stage. Aminex have carried out work at Kiliwani North-1 and found gas at the surface. Finally I write on Jadestone for the first time after meeting the management last week, the stock looks very cheap.

2018-12-10T12:26:38+00:0010 December 2018|Categories: Daily Blog|Tags: , , , , |4 Comments