Oil price, PetroTal, Rockhopper, Eco, UOG. And finally…

Oil has risen today as Iran step up activity in the Red Sea. Today PetroTal announce detailed guidance which confirms how strong their position is. Rockhopper pass on information from Navitas which show reduced costs on Sea Lion and Eco Atlantic are carrying on in South Africa with confidence. Finally United have had to exit Egypt which was on the cards and got an extension in Jamaica.

Oil price, Reabold, Angus, Rockhopper, Petrofac. And finally…

Oil is better today after a good day yesterday when Brent rose by over a dollar and the February WTI contract arrived in line. Today Rockhopper announce a monetisation of the OM award, Reabold update on Colle Santo and Angus restructure their debt. And Petrofac have a trading update and a good order book.

2023-12-20T15:56:41+00:0020 December 2023|Categories: Daily Blog|Tags: , , , |3 Comments

Oil price, Kistos, RKH, SDX, Trinity, UOG, Petro Matad, UJO, Reabold, Longboat, Touchstone.

A big rally last night for oil as inventories tightened again. Today I look at Kistos which looks particularly attractive now that MIME is bedding in. Figures from Rockhopper show that the arbitration €260m should be getting closer and United Oil & Gas are working hard across the portfolio. SDX has a successful gas well and Trinity updates on Jacobin in the figures. Petro Matad is going to take time so don't hold your breath and finally I reprise the missing work on Reabold, Union Jack and Longboat from yesterday.

Oil price, Hunting, Rockhopper, Predator, Trinity, Gran Tierra.

Oil remains firm despite some data headwinds. Hunting has announced collaboration with CRA Tubulars which is normally worth watching and Predator have released more information from MOU-4. Rockhopper have some good news with regard to its arbitration and Trinity has said that the Jacobin well has sidetracked but encountered the zones they are looking for. Finally Gran Tierra updated with good, increasing current production numbers.

Oil price, PetroTal, Kistos, Arrow, Southern, Hunting, Angus, Longboat, Empyrean, Prospex, Rockhopper, IGas, Reabold. And finally…

Oil fell today as uncertainty rips through Washington about the debt ceiling. Today excellent news from Arrow and Kistos with results and Southern had good quarterlies. Hunting made a really good contract and upped guidance and Angus goes from strength to strength at Saltfleetby. Longboat announce a rig fora. well in 3Q 2024...Empyrean raise and update, Prospex is delayed in Italy because of the bad weather. Reabold and RKH have figures and IGas are in for a hospital contract. PetroTal move towards its social contract.

Oil price, DEC, Sound, Rockhopper, SDX. And finally…

Oil was up last week but interest week ahead so cautious on the last day of the month today. DEC have done another ABS refinancing and is aligned with ESG asset backed securitisation. Sound Energy are also continuing the financing and the farm-out continues. Rockhopper have heard that the Italian Govt are trying to have the arbitration annulled. And Jay Bhattacherjee comes in at the Chairman role at SDX.

Oil price, Union Jack/Reabold, Rockhopper, Capricorn. And finally…

Oil rose on Hurricane Ian but he is now in Florida and only Cat 1, also inventory numbers were better than the whisper. Union Jack and Reabold issue a big CPR on West Newton which will bring huge value and Rockhopper is looking very good looking forwards. Finally later in the morning the news broke that Capricorn is abandoning its deal with Tullow and forming a new energy company with Delek Group, New Med Energy. Capricorn shareholders get a big payout anda residual holding in NewMed.