Oil is strong after the Opec+ committee announced that quotas are likely to remain at next months meeting. Echo has announced that it has done a deal with CGC and is now concentrating on Tapi Aike and has materially reduced near term capital requirements which is very good news. JOG results are behind them and now with their partners they are setting about finding further prospects on the licence and looking at the extensive 3D seismic from last year. Rose Petroleum has raised money from OCE after previous donor Robert Bensh withdrew, and on better terms. With Reabold announcing commerciality of its two wells in California all we need now are the flow rates…And on that subject Pantheon is excited about the Alkaid well but still no commerciality here..
Tag: Rose Petroleum
VOX Markets podcast: Jersey Oil & Gas, Genel Energy, Rose Petroleum, Chariot Oil & Gas, Predator Oil & Gas and Amerisur Resources
Today Malcy talks about Jersey Oil & Gas (JOG), Genel Energy (GENL), Rose Petroleum (ROSE), Chariot Oil & Gas (CHAR), Predator Oil & Gas (PRD) and Amerisur Resources (AMER)
Oil price, Chevron/Anadarko, Europa Oil & Gas, Rose Petroleum And finally…
The oil price will end the week up nicely as supply constraints remove excess stocks worldwide. The big international news is that Chevron are buying Anadarko for $33bn whilst at home EOG results show promise in the future, not the past. Finally Rose Petroleum directors keep their promise and buy shares in the market.
Oil price, Genel Energy, Rose Petroleum And finally…
Oil rallied again, despite a big rise in crude inventories the market concentrated on the gasoline draw and how tight that market is getting. Genel has announced another good result from the flanks of the Taq Taq field where success is adding meaningful and more importantly high added value barrels. Changes at Rose Petroleum where US entrepreneur Robert Bensh comes in as Executive Chairman and takes a 15% stake in the company. With the highly experienced Tom Reynolds also now on the board Rose is looking more like the real deal all the time.
Oil price, SDX, Ophir, Premier, Rose Petroleum And finally…
The nine day rally in the oil price ended on Friday not before chalking up some decent gains. SDX has announced an update from Egypt this morning where news from South Ramadan looks positive but needs testing to establish flow characteristics, at South Disouq post development agreement work is progressing fast to enable first production this half. Ophir have rejected the 48.5p ‘bid’ from PT Medco which technically is not a bid yet. The Sunday Times suggests that Premier might raise equity of $1.5bn to buy Chevron assets, what are they smoking?
Oil price, Rose, Range, Wentworth, Zenith, Jadestone, Savannah And finally…
9 days up for crude and with another 50 cents this morning the best part of 20% off the bottom. Rose have announced some additional acreage in the Paradox Basin adding to their handy portfolio and Range have found an Aussie NED and are re-quoted this morning. Wentworth had a fantastic 4Q and are knocking the lights out in Tanzania, what’s next for newish CEO Eskil Jersing? And Zenith raise money in Vienna as part of the non-equity dilutive funding and Jadestone re-start Montara. A good con call and new presentation from Savannah on the website today.
Oil price, Sound, Rose, Ophir, Hurricane, Savannah And finally…
Oil continues to move up, geopolitical worries in Nigeria and Gabon, and the chance of trade talks working between the USA and China. Sound Energy appear to have left the doldrums after more good news from Morocco and Rose Petroleum have published a positive study from Schlumberger. Hurricane say there’s no panic about the Aoka Mizu just waiting for a weather window and Savannah have a retail investor conference call on thursday morning.
Oil price, Rose, President, IGas, Faroe, Petro Matad, Lamprell And finally…
An up day for oil as speculators suspected some production falling ahead of the Opec+ meeting next week. Rose Petroleum do a canny deal with Encore and their database keeping exposure, enjoying Vanadium and chance to get stuck into the Paradox Basin. President spud well three in Puesto Flores and IGas spud Tinker Lane, at long last. Faroe start their defence campaign and i comment on a dry hole for Petro Matad and a good move from Lamprell.
Rose, Genel, Amerisur
Flash blog today covering exciting news from Rose who has secured approval for a well in the Paradox Basin in Utah. Genel are benefitting from further good news from Tawke and Amerisur indicate the long awaited Indico-1 well spud is imminent.
Oil price, President, Amerisur, Rose, Zenith And finally…
The oil price remains on an upward trajectory, mainly due to Iran although the President doesnt see it that way… I look at figures from President, unsurprisingly excellent and cover news yesterday from Amerisur, Rose and Zenith. Plus links to Podcast and an interview with Andrew Knott, CEO of Savannah Petroleum.
