Rockhopper, IOG, Serica, Sound Energy

Sound Energy has made a modest raise after recent interest which makes sense, IOG has not had quite what they expected at Harvey but to the northeast has seen a structure. Putting that with Redwell might create a hub going forward. Rockhopper have updated modest success at Abu Sennan before passing on to UOG. And Serica has been awarded licence P2501 conveniently next door to Rhum.

2019-12-18T11:28:41+00:0018 December 2019|Categories: Flash Blog|Tags: , , , |0 Comments

Oil price, Predator, Rockhopper/United, Amerisur – And finally…

Opec + completed as per my late report on Friday and cuts of up to 2.1m b/d are up their sleeves for 1Q 2020. Today Predator Oil & Gas announced that they have an option agreement with Star Valley Drilling to drill their Guercit permit onshore Morocco. This could be transformational for the company should it come in. Rockhopper and United Oil & Gas update on Abu Sennan with the latter returning to the market after raising $6.25m. Amerisur Resources have been backed by ISS in their recommendation of the bid by GeoPark.

Oil price, Rockhopper, Chariot, SDX, Europa – And finally…

Oil came back sharply yesterday as the Saudis said that production would be back to normal by the end of this month, way sooner than expected. Rockhopper results are fine but its all about Sea Lion which is progressing waiting for senior debt and of course the Ombrina Mare arbitration. At Chariot they have a CPR over additional prospects in the Lixus licence which takes the number to over TCF. SDX has had a find in Egypt and adds 315 b/d to production and EOG has been awarded an offshore licence in Morocco, the current hot post code internationally.

2019-09-18T12:19:09+01:0018 September 2019|Categories: Daily Blog|Tags: , , , |4 Comments

Bucket list 6 month update.

Today is the interim Bucket List with a look at performance since February, the good the bad and the ugly and with two stocks dropping out to be replaced in the list.

Oil price, Rockhopper, Predator, Reabold – And finally…

Oil prices diverged but all eyes are on Jackson Hole tomorrow. Rockhopper has updated with news on Sea Lion where work has de-risked the project and Phase 1 resources have increased. Predator updates on Trinidad where the first workover has gone extremely well, making the project look increasingly attractive, finally RBD has increased its investment in Rathlin via a £1m investment which ups the exposure to West Newton.

2019-08-22T10:10:42+01:0022 August 2019|Categories: Daily Blog|Tags: , , |0 Comments

Oil price, Rockhopper, IOG, EOG, Reabold, Far, President, Cairn, Jadestone – And finally…

Oil drifts further despite more stock draws, the EIA will be important later. Today I comment on Rockhopper who have a well result for United and IOG who have spudded Harvey at last. EOG have converted LO 16/20 into FEL 4/19 but still have no farm-out. Reabold have spudded in Romania and I catch up from yesterday with Far Limited where CNOOC has acquired 55.5% of Svenska's interest in Guinea-Bissau. Also from yesterday another upbeat statement from President, Cairn sells half of its stake in Nova and Jadestone get the final all clear for Montara.

Rockhopper

Flash blog today as Rockhopper announces submission of the PIM for Sea Lion. For those of us who have watched the process develop over many years it has now become worth the while as the project builds up a head of steam.

2019-07-30T09:06:00+01:0030 July 2019|Categories: Flash Blog|Tags: |1 Comment

VOX Markets podcast: Eco Atlantic Oil & Gas, Rockhopper Exploration, Hurricane Energy, Anglo-African Oil & Gas and Pantheon Resources

Today Malcy talks about the following stocks: Eco Atlantic Oil & Gas (ECO), Rockhopper Exploration (RKH), Hurricane Energy (HUR), Anglo-African Oil & Gas (AAOG) and Pantheon Resources (PANR).

Oil price, BP, Rockhopper And finally…

Oil remains very weak on trade war worries that investors are treating as an opportunity to go risk-off, but the physical market is tight so any bounce could be quite a knee-jerk. BP are on stand by for a Panorama documentary tonight about their dealings in Senegal with Frank Timis who is also in the firing line. BP are also on the verge of selling their Egypt assets to Dragon Oil for $600m+ according to Reuters. Rockhopper report further good news from Egypt where their latest well has found oil in four zones and is already producing.

2019-06-03T12:21:21+01:003 June 2019|Categories: Daily Blog|Tags: |0 Comments
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