Rockhopper Exploration Archives

Oil price, BPC, Rockhopper, Eco, Angus. And finally…

Oil had a good week, despite the US holidays it was up over $3 a barrel. Today all eyes are on the start of the two day Opec+ meeting with signs of an extension of the 2m b/d cut likely but equally pretty much in the price. BPC have signed the new Goudron EPSC in Trinidad an area where they hope to develop further production in-country. Rockhopper state that Navitas are still keen on the Sea Lion farm-in but there are some inevitable delays due to the Premier/Chrysaor situation. Eco Atlantic has done great work in Namibia where it has increased its already substantial portfolio and Angus has signed an MOU with Aleph Energy for a £12m funding for the Saltfleetby gas field.

Malcy2020-11-30T11:06:48+00:0030 November 2020|Categories: Daily Blog|Tags: Angus Energy, Bahamas Petroleum, Eco Atlantic Oil & Gas, Rockhopper Exploration|0 Comments

Oil price, DGO, President, Genel, Rockhopper.

Oil continues to drift but news is mixed, the virus vaccine is back into trials and economic data from China is better. Tropical Storm Sally is headed towards shore and the GoM is shutting in but this one may hit refineries more with flooding. DGO has confirmed its super dividend for UK shareholders and President report more operational success in Argentina. Rockhopper remains an interesting geared option on Sea Lion and its arbitration case. Finally, Genel has announced publication of its first comprehensive sustainable report and looks to be well placed and very investible.

Malcy2020-09-15T10:27:32+01:0015 September 2020|Categories: Daily Blog|Tags: Diversified Gas & Oil, Genel Energy, President Energy, Rockhopper Exploration|0 Comments

Oil price, Aminex, Rockhopper, President

The oil price is up again as backwardation rears its pretty head...Aminex takes a huge step towards Farm-out in Tanzania with the Tax Clearance Certificate headed to the Ministry. Rockhopper have made significant cuts in the corporate overheads of c.30% on 2019 led by executive directors pay cuts. And in Argentina the Government has fixed the price that refiners pay producers for crude oil at $45 which with decent demand from the ending of the virus lock-down should be beneficial.

Malcy2020-05-19T12:51:56+01:0019 May 2020|Categories: Daily Blog|Tags: Aminex, President Energy, Rockhopper Exploration|0 Comments

Oil price, RockRose, Ascent, Far, Aminex, Rockhopper

Oil is rallying today as we head into May, it is however only very early days with regard to this process. RockRose has an AGM statement and costs continue to fall, the company remains in a strong position. Ascent has signed up more potential acreage in Cuba where opportunities look very interesting and has raised £212,500 as part of the programme. Far continues to manage Sangomar where without its debt finance it is aiming to farm-down all or part of its acreage. Aminex also comments that with its substantial free carry it can make considerable progress in Tanzania and in Pan-Africa. Finally Rockhopper announce that the HOT with Navitas re the Falklands is still in play.

Malcy2020-04-30T15:03:33+01:0030 April 2020|Categories: Daily Blog|Tags: Aminex, Ascent Resources, Far Limited, Rockhopper Exploration, RockRose Energy|2 Comments

Oil price, Rockhopper, DGO, SDX, Wentworth

Oil prices vacillated ahead of the Opec+ meeting tomorrow but the EIA STEO yesterday showed yet again lower demand numbers and the US going back to being a net importer this year. Rockhopper showed a good set of figures with further strong cost cutting and the Navitas deal validating Sea Lion. DGO have made an acquisition just as expected in these markets, accretive returns will 'validate' the dividend. SDX have a discovery in Egypt and Wentworth has comforted the market with regard to its 2019 results.

Malcy2020-04-08T11:05:10+01:008 April 2020|Categories: Daily Blog|Tags: Diversified Gas & Oil, Rockhopper Exploration, SDX Energy, Wentworth Resources|4 Comments

Oil price, Hurricane, Genel, Rockhopper, Jadestone.

After yesterday's disaster oil has rallied today but not enough methinks. Today i look at the Hurricane results which are incredibly good after the Lancaster EPS has delivered up with guidance but what a time to do so. Genel follow up yesterday's report with results that show how resilient they are at $30 with a flexible capex structure and able to pay a big divvi. Rockhopper , like others are keeping their heads down and still talking to Navitas whilst Jadestone just had a lucky black cat moment...

Malcy2020-03-19T15:59:28+00:0019 March 2020|Categories: Daily Blog|Tags: Genel Energy, Hurricane Energy, Jadestone Energy, Rockhopper Exploration|0 Comments

Oil price, Rockhopper/UOG, IOG, BPC, – And finally…

Oil continues to fall, no change yet. Rockhopper and UOG complete their Egypt deal and IOG announce that CER wont be talking up the option to acquire another 50% of Harvey and Redwell licences. Finally after about 10 years i come to the conclusion that BPC now has its ducks in a row, its a huge long shot but i can no longer be quite so cantankerous...

Malcy2020-02-28T11:22:30+00:0028 February 2020|Categories: Daily Blog|Tags: Bahamas Petroleum, Independent Oil & Gas, Rockhopper Exploration, United Oil & Gas|3 Comments

February Bucket list update…

It's Bucket List time and the February update is out today, cue trauma.....

Malcy2020-02-24T17:45:32+00:0024 February 2020|Categories: The Bucket List|Tags: Amerisur Resources, Aminex, Chariot Oil & Gas, Echo Energy, Eco Atlantic Oil & Gas, Far Limited, Genel Energy, Hurricane Energy, Jersey Oil & Gas., PetroTal Corp, Predator Oil & Gas, President Energy, Reabold Resources, Rockhopper Exploration, RockRose Energy, Savannah Petroleum, SDX Energy, Serica Energy, Trinity Exploration & Production, Victoria Oil & Gas|17 Comments

Oil price, Predator/CERP, JOG, DGO – And finally…

Oil and equities remain subdued whilst the population stays at home, literally. Predator and Columbus have successfully injected CO2 in Trinidad which could be most exciting for the future. JOG are doing a great job at the Greater Buchan Area having acquired Equinor's interest fora modest sum. They are putting a great team together here. DGO are trading in line with market expectations ahead of results in March.

Malcy2020-01-27T14:03:28+00:0027 January 2020|Categories: Daily Blog|Tags: Block Energy, Columbus Energy Resources, Diversified Gas & Oil, Eco (Atlantic) Oil and Gas Ltd, Jersey Oil & Gas., Longboat Energy, Predator Oil & Gas, Premier Oil, Rockhopper Exploration, RockRose Energy, Tullow Oil, United Oil & Gas, Zenith Energy|0 Comments

Premier Oil, Rockhopper Exploration, RockRose Energy

Todays blog is dedicated to three of the best UK Companies in the sector. Premier have traded immaculately and have bought some assets off BP. Together with Rockhopper they have farmed-out a 30% interest in Sea Lion in the Falklands to Navitas which is very good for RKH as the farm-in strengthens the development considerably. And finally, RockRose continues to deliver the goods financially and operationally ,has almost all its share price in cash and is full of value.

Malcy2020-01-07T17:29:35+00:007 January 2020|Categories: Daily Blog|Tags: Navitas Petroleum, Premier Oil, Rockhopper Exploration, RockRose Energy|3 Comments