2022 Bucket List
2022 Bucket List.
IG Outlook 2022: UK small cap oil
The prospects remain healthy for oil stocks going into 2022. Malcy looks back and discusses the prospects for the year.
Oil price, Sound, Chariot, San Leon, Angus, Orcadian, Prospex. And finally…
In this roller coaster ride oil is up nearly 3 bucks ahead of the Opec+ meeting tomorrow. I look at Sound that continues to make good progress, and exciting times for Chariot as the rig for Anchois is mobilised. San Leon announces further delays and Angus updates with good news across the board. Finally Orcadian gets the OK from the OGA for the Pilot field and Prospex get under way finally in Spain.
Oil price, PetroTal, San Leon, Eco Atlantic, Zenith. And finally…
Oil is up over $3 this morning as Opec+ meet later in the week to decide whether to cut back their monthly 400/- b/d increase. The discovery of the Omicron Covid variant has worried markets and may dent demand somewhat but Thanksgiving certainly showed plenty of excess. Today I mention an earthquake in Peru which has not affected PetroTal and another delay for the San Leon paperwork. Eco Atlantic report of a share purchase by CEO Gil Holzman and Zenith are continuing with activities in Africa.
Oil price, UJO/Reabold, Scirocco, Echo, San Leon, President, Getech, Zephyr, Savannah. And finally…
First day of the month and quarter and with an Opec+ on Monday there are no prizes for bravery in oil markets. Union Jack and Reabold are disappointed about the planning decision at West Newton but an appeal is probably likely. Scirocco completes its acquisition Echo has restructured its loan. San Leon note production news from Decklar and I cover results from the 15 sets yesterday including President and Getech as well as results from Zephyr with an interview with CEO Colin Harrington and from Savannah and an interview with CEO Andrew Knott.
Oil price, Savannah, San Leon, Scirocco, Longboat. And finally…
The last day over the month and quarter has seen some window dressing as November Brent expires tonight. With companies competing to be the most in the last day of the reporting season Savannah, San Leon, Scirocco get in today along with an interview with Helge Hammer of Longboat. That leaves just the 16 to fit in tomorrow...why do they do it and how many will get in, and its a Friday remember...
Oil price, San Leon, IGas. And finally…
After last week's good performance oil is today suffering along with all international markets which are in freefall due primarily to Evergrande, a Chinese property company rumoured to be struggling to pay a scheduled debt repayment. San Leon has again agreed to a further extension of the CPW until the end of September 2021. And IGas are adding to the CeraPhi announcement last week by signing up with SSE for the development of a geothermal district heating project in the City of Stoke-on-Trent.
Oil price, Zephyr Energy, San Leon, Falcon. And finally…
The oil price, along with many markets has taken a beating after Covid numbers rising in China appear to be putting the mockers on economic growth. I wouldn't however bet against the oil price too much, Opec+ have a strong ability to close off the production if needed as we saw last year. More good news from Zephyr from Paradox Basin and San Leon has wisely held off taking a repayment until operational readiness. Finally Falcon Oil & Gas remains hard at work in the Beetaloo.
Oil price, Genel, IOG, San Leon, Lamprell, Trinity. And finally…
Oil had a Monday fall after concerns from China and a surge in Covid cases hits the US, albeit as in Britain there are many fewer hospitalisations. Good results from Genel and a confidence boosting increase in the divvi helped and IOG have spudded the Blythe development well. Lisa Mitchell is moving on from San Leon as CFO but staying to ensure current deals progress. Europa have started the farm-out process in Morocco and Lamprell were slightly disappointing. Finally i was saddened to hear from Trinity that Bruce Dingwall is seriously ill.
Oil price, San Leon, Predator, Coro, Helium One, SDZ. And finally…
After all the price moves last week oil ended only 60 odd cents down at the end, given what happened after the Opec+ meeting had broken up that wasnt a bad result. San Leon continue their consolidation in Nigeria and Predator has appointed a leading Moroccan expert as COO. Coro have started a move into solar in Vietnam which has potential to grow swiftly and Helium One has seen gas bubble but have to side-track the well. SDX also has a trading update.