Oil price, UJO/Reabold, Rockhopper, Longboat, IGas, Egdon. And finally…

Oil gained but gave back most of the gains at the end of the day. Union Jack and Reabold both flag the West Newton CPR due next week and Rockhopper completes the Navitas farm-in. Longboat look like they might have a discovery at Oswig but need a side-track and DST to confirm preliminary numbers that are better than pre-drill estimates. Finally, IGas and Egdon have both written thank you letters to that nice Mr Rees-Mogg for his relaxation of shale regulations.

Oil price, Rockhopper, Arrow, Coro, Deltic.

Oil had a big day on the back of the KSA interview about Opec, elsewhere Arrow has had a very good few months in London and Coro try again to sell the Italian assets, now worth much more than when they fell through before. But most of all interest is that Rockhopper has won its arbitration case with the Republic of italy and been awarded €190m plus interest...

2022-08-24T13:18:24+01:0024 August 2022|Categories: Daily Blog|Tags: , , |0 Comments

Oil price, Genel, San Leon, Union Jack, Rockhopper, Advance. And finally…

Oil rallied, a weak dollar ahead of the Fed meeting helped. Gas is looking even tighter as Russia is cutting Nordstream 1 gas to 20% of capacity. Genel announce payments from the KRG, San Leon note that Decklar is looking to open up production, and Union Jack appoints new additional firepower. Rockhopper sees good news on Sea Lion, Advance raises money today.

Oil price, UJO, Chariot, IOG, Rockhopper, Jadestone, Cornerstone. And finally…

After oil took a caning last week on Fed and sundry lousy interest rate news it is important to notice that Opec+ is still missing by a distance its own quotas. The price fell sharply on Friday as the Fed said that it would be 'more aggressive' in getting inflation back to 2%. Union Jack has more good news from Wressle, Chariot has announced the Anchois FEED contract and IOG have a lengthy update on its portfolio. Rockhopper have given details of their Open Offer, Jadestone have suffered an unfortunate oil leak and Cornerstone Resources update.

Oil price, PetroTal, Zephyr, Rockhopper, Longboat, Harbour, Hurricane, President. And finally…

Oil fell on the Fed confirming a 75bp rise with Swiss and UK central banks today and the ECB being what only they can be...Lots of company news today, PetroTal have a good sales update, Zephyr are investing better than expected cash flow, Rockhopper raise went very well, Harbour are buying back $200m, Longboat update in full detail, Hurricane monthly shows more cash build up and President have a bare bones update.

Oil price, Savannah, DEC, UJO/Egdon, Rockhopper, Arrow, Echo, UOG. And finally…

With US markets closed due to Memorial Day today is pretty irrelevant, last week oil was pretty good as a supply shortage, particularly in products pushed oil up sharply. Today DEC announce a good piece of securitisation work giving scope for future deals, Egdon and Union Jack celebrate FDP approval at Wressle, Rockhopper results, Arrow bring on RCE-2, Echo update from Argentina and UOG may have a duster in Egypt, more testing needed. And Savannah announced late on Friday a renewable deal in Chad.

Oil price, Rockhopper, Empyrean, Trinity, UOG, Arrow. And finally…

After the substantial rise in the oil price last week and again yesterday oil is lower today. Rockhopper has announced that the Sea Lion farm-out has gone ahead and Empyrean has announced good interim results from its Jade well. Trinity has a Q1 update , UOG meet Q1 production guidance and Arrow look to have a successful well in Colombia.

Oil price, Sound, Gulfsands, Touchstone, Rockhopper. And finally…

Its an up day for oil after yesterday when the so called market pros took money off the table mainly in WTI. I look at Sound who are continuing the good news in Morocco and Gulfsands who have received an extension and expansion of its facilities. Also a good oil find from Touchstone and good news from the Tribunal from Rockhopper.

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