Oil rises again as G Sachs say that the world should be awash with crude oil, why oh why....? Savannah have an operational update and Serica announce the completion of the Spirit deal in the SNS.
Oil has fallen again today as markets don't totally believe in the US stranglehold on Iran's economy. Today Savannah update on 7 month operations and Eco Atlantic note the Navitas announcement from yesterday. finally Gulf Keystone have a good update and another dividend.
Crude is down around 50 cents this morning although Iran haven't turned up at the Doha talks...Today Savannah has strengthened its board, Arrow update from Icaco and Angus has a presentation on the recent restructuring and fundraise.
Oil is up a little today ahead of Brent expiry tonight and as we move towards the 250th US Independence Day. Savannah figures are being audited but will be suspended until August as new auditors work on the results. Zephyr has figures but there is much to come whilst Reabold also has figures but note that Beacon have announced activity at Colle Santo. Rockhopper talk about Italy, Chariot look well set in Angola and Sunda update.
Oil has rallied sharply today as the ceasefire looks delicate on most fronts. Savannah has a trading update and the CEO is adding significantly to his holding, now c.20%. Prospex have a strategic collaboration at Romeral and Hunting has noted that CEO Jim Johnson will retire next year. And Sunda has announced finals for 2025.
Oil is off a little today as talks between the USA and Iran continue. Savannah has announced updated shareholdings from NIPCO and CEO Andrew Knott and Chariot has signed a significant Power Purchase Agreement with Sibanye-Stillwater. Finally good news from Southern as they refinance their debt with a new, supportive backer.
Oil has today reversed last nights gains as the US/Iran talks are back on again for tomorrow. Savannah has given an operational and financial update for 2025. Reabold note the Beacon announcement whereby they are raising money for the LNEnergy deal. And Afentra has also provided a 2025 update.
Oil has rallied after falling on Iran news. I take a look at announcements from Savannah where operationally things are looking good and with shareholder support. And EOG has an extension at PEDL 343, more good news for them.
Oil is up by nearly two bucks today as the Suez canal has been closed. PetroTal has updated and seems to be doing well to address its problems at Bretana and longer term it has significant potential. Savannah announce that the NIPCO deal has completed and Hunting has a very positive update. Afentra has a big increase in its contingent resources and Seascape appoint Mike Buck as SID. Finally, Eco Atlantic announced yesterday further advantages of its deal with Navitas.
Oil rallies on Ukraine worries, Savannah have an upbeat update and a change in shareholdings. Zephyr are also positive and 2026 looks very good for them and EOG has farmed out Equatorial Guinea to the Chinese in a smart deal.