Oil rallied further on disputes and a mixed inventory report. IGas chose interim day to sack CEO Steve Bowler and Sound yesterday announced further legal grief in Morocco. With UOG spudding in Egypt and Reabold getting another market knee in the groin Longboat has added to the mainly miserable day.
On a day that inflation send markets tumbling oil fell but was off the lows. Today Zephyr have an exciting deal that increases the value of the Paradox Basin and Chariot have interim results. Serica have operational problems at North Eigg and Pharos are looking tidy and about to restart paying dividends. Reabold have done a cracking deal on Corallian but go unrewarded in the market and Helium One are now drilling Q1 2023.
Oil bounced after signs that the Iran deal isnt iminent and Europa borrowed £1m from UJO, Coro have good news from Duyung and I take a fresh look at Sound Energy after yesterday's numbers. Both IGas and Reabold laud the Government's moves on fraccing etc and Getech make a big hire.
Oil fell on China Covid worries, good figures from Wentworth and a small delay for San Leon on technical grounds. Scirocco are one step nearer the new go and Reabold say that the Corallian deal will go ahead.
The US was shut for Juneteenth Day yesterday and today oil has rallied by well over a dollar. Reabold and Union Jack have announced a major and exciting plan for West Newton development the value of which dwarfs the combined companies market caps. Scirocco are urging shareholders to accept the Ruvuma deal and UOG have spudded in Egypt.
Oil is quiet today ahead of the long weekend in the USA for Memorial Day. It will be about 5 bucks up on the week after demand for crude and products was strong ahead of the driving season. Results from Reabold and from Southern which looks an interesting play.
Oil is unchanged today after a mixed week and influences varying from China to the USA. Union Jack have another positive update from Wressle where revenue has been incredible. IOG have had another teething problem but again it shouldn't hit the long term value of the field. Finally Reabold has sorted the situation in California and Daybreak is now funded to drill.
Oil fell yesterday on China problems but is up today as the EU start the process of stopping Russian oil and products. Reabold has walked away from Victory as Corallian is bid for, seemingly preferring to spend on West Newton, I don't blame them. Another cracking set of numbers from Gran Tierra across the board and SDX have tied in of the SD-5X Warda well whilst Empyrean are going for Topaz.
Oil is unchanged today but yesterday rose on the back of China showing admittedly vague signs of support for Russia. Today I look at the positive news from the West Newton planning appeal for both Union Jack and Reabold as well as the SDX results.
Oil was up just under 5 bucks last week, quiet today for Martin Luther King day. A great update from PetroTal who are breaking all production numbers and \angus who have had at least 6 intentions of interest in their assets. Reabold and Union Jack announced initial results of analysis of the West Newton Extended Well Test programme carried out in the second half of 2021 by RPS Group and the results of analysis carried out on fluids produced to surface. Finally Hurricane are starting to look like the good thing that they were.