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.
Oil is quiet ahead of the period end, Opec+ and Independence Day. Challenger update on trading and corporate while Genel announce receipts from KRI oil sales. San Leon cover everything in their finals and Hunting update on trading. Lamprell seem ok then announce they are short of dosh while SDX cover Morocco and Egypt. GKP also announce KRG payments.
Oil was a little better after a good set of EIA stats but has drifted a bit today. Zephyr are powering away at the 16-2LN-CC well with latest permissions, Challenger reports again from Saffron and San Leon ups the investment in OML 18 infrastructure. Block has spudded the WR-B1 well in Georgia and yesterday Hurricane said that the judgement has been reserved.
Oil will be up around 3 1/2 bucks this week and this month as we head into the Memorial Day holiday weekend which starts the summer driving season. San Leon pass on the update by Decklar on the Oza field in Nigeria and Predator issue results for 2020.
Oil will likely be up around a couple of bucks this week as good economic stats from the UK, Germany and of course the USA where non-farm payroll will be announced today. San Leon has tweaked the board and Providence has raised money via exercise of warrants.
Oil doing nothing as the virus takes a small lead against the vaccines.. San Leon look good as Decklar announces an operations update on the Oza-1 Well Re-entry. And Block's announcements this week seems to complicate a series of operational and share dealing comings and goings...
Oil drifts as European Governments 'pause' the Oxford vaccine after 37 cases of blood clotting were found in between 6-9m doses of the vaccine. Better than expected economic data from China and others comes with fears that inflation might see a stronger dollar. Retail gasoline prices only add fuel to those flames. San Leo is being delayed but its not a problem and I interview Paul Griffiths of Predator who is in fine form.
The oil market is quite placid at the moment, New York is hunkering down for the big storm on the way. San Leon is back on track with the Nigerian funding and the Wressle partners have announced free lowing oil. Jadestone updates on 2020 as does UOG with guidance as well.
The 2021 Bucket List.
The oil market has taken the Opec and IEA reports pretty well and Brent is $50.52 as I write. GKP has positively updated the market and will be producing at the top of guidance and hopefully might cut a deal with the KRG next year. Serica's operational update was also top notch, with 80% gas prices are high and production strong with upside in due course from 32nd Round licenses. San Leon announce that with regards to the Oza field in Nigeria there is a Covid-19 delay so completion is delayed until 'early in the new year'. Finally Block has hired what seems like a very smart NED...