Oil price, Far, San Leon, IGas. And finally…

Oil and markets fall on the IMF downing GDP forecasts and a rise in COVID-19 cases. Inventory stats showed a modest build in crude but again a solid draw in gasoline stocks and demand. Far Gambia has signed up a JOA in respect of Blocks A2 and A5 with Petronas and is in process of a farm-out for part of its own stake.San Leon have figures and the amount that this company pays out is making it, in my view a very credible investment especially for retail investors. IGas has continued to carefully monitor its resources and is also cutting costs from a position of strength.

2020-06-25T16:56:31+01:0025 June 2020|Categories: Daily Blog|Tags: , , |0 Comments

Sound, Coro, Echo, Wentworth, Eco, Longboat, Talon, + Africa Oil Week 2019 videos…

Today I talk about management changes at Sound Energy as its metamorphosis continues and also Coro Energy as it announces another successful well. Echo Energy has completed its deal and now looks forward to Tapi Aike whilst Eco Atlantic has fallen due to heavy oil, unnecessarily in my view. At Wentworth former CEO Eskil Jersing has been given the El Bow as potential acquisitions failed to materialise. There is a Longboat coming over the horizon laden with former Faroe management looking for funding to go back and do it all again. And Talon Petroleum is also queuing up to invest more in the North Sea. Finally a slate of video interviews by myself and VSA CEO Andrew Monk recorded at Africa Oil Week.