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.

2021-09-20T15:35:21+01:0020 September 2021|Categories: Daily Blog|Tags: , |0 Comments

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.

2021-08-09T16:42:37+01:009 August 2021|Categories: Daily Blog|Tags: , , |2 Comments

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.

Oil price, Challenger, Genel, San Leon, Hunting, Lamprell, GKP, SDX. And finally…

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 price, Challenger, San Leon, Zephyr, Block, Hurricane. And finally…

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 price, San Leon, Predator. And finally…

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.

2021-03-16T15:54:43+00:0016 March 2021|Categories: Daily Blog|Tags: , |2 Comments
Go to Top