Oil is quiet today after the post Opec fall. Today San Leon have good news from Decklar, Reabold look better in Italy, Ithaca complete Cambo and Sound has seen a £250,000 conversion.
Oil is waiting on Opec on Thursday, but up a little today. San Leon announce that the TRAM money has been sent but not yet received and Europa have turned down a requisition to remove the CEO. SDX announce their policy to concentrate on Morocco after selling Egypt and Coro announced on Friday a restructuring in Vietnam.
Oil has rallied a touch today after the Fed and the BoE held rates. San Leon seem to be getting closer to the investment and return from suspension whilst Southern raise some money to drill out the DUC's.
Oil will end up on the week, no surprise there then and we wait to see how Israel unfolds over the weekend. Today I assess the state of the oil market, take a look at the exciting M&A situation in US oil stocks and round up from Africa Oil Week. I also watched the Sound Energy video which shows considerable progress and have repeated the Angus interview with Richard Herbert from earlier in the week.
Oil drifted yesterday but has rallied this morning, Genel have bought back some bonds and IOG announced yesterday that receivers had been appointed, as expected. Yesterday I interviewed Oisin Fanning and the link is here to watch.
Malcy returns for his CEO interview, this time with Oisin Fanning of San Leon Energy. Oisin is here to give us more information on their deal announced yesterday.
After the initial spike in crude oil today all is quiet. Today's big company news comes from San Leon who have received a huge cash injection from TRAM and Coro have signed an MOU with MWIC.
Oil is sharply better after the activities in Israel at the weekend no surprise there. Today San Leon close in on their financing, Jadestone complete the RBL and Eco Atlantic beef up the board.
Oil has rallied as we go into the final quarter with Opec this week and the Iraq-Turkey pipeline about to re-open. Today San Leon extend longstop dates in the long running deal, Genel are buying back some bonds, Europa update on 4/19 and Scirocco are one stage closer to Ruvuma closing.
Oil is cruising along today, Brent November is $88.18 and WTI is $85.21. DEC has produced a great set of results, the model is working and they yield 15%. San Leon has extended the longstop dates for the current deal and Jadestone has restarted production at Montara.