Oil is quiet ahead of the Opec meeting which has just started. PetroTal has a huge increase in year end reserves and Zephyr pay the first stage of the shares for the recent acquisition. Arrow issue a very upbeat update, they have10 wells and seismic on the way this spring and Savannah have a high quality NED.
The 2023 Bucket List is published today, five companies are leaving one way or another and three are joining the group. The Oil and Gas prices both showed consistency in being virtually unchanged on the year although the prices changed at different times during it, see the charts. The blog also announces how the 2022 list fared.
Another rally for oil and an update from IOG shows that there is much to do but the new team is hard at work. Sound continue to progress in Morocco and i3 report good numbers. Finally i take a look at news from Savannah recently.
A flash blog so detailed analysis and further comments tomorrow.
Oil rallies again ahead of the Fed rate decision and the dollar weakens. Today Savannah has said that its SPA with Petronas in Chad/Cameroon has hit the buffers and Afentra have a slight delay in Angola. Meanwhile IGas has had a bad time, the fraccing decision has cost it a deal and they are still allegedly looking for a new CEO, the shares are down 86% since the last one was dispensed with...
Savannah has announced in the last two years the completion of the Chad/Cameroon deal and also the South Sudan acquisition. Chariot has announced 'key principles' for long term gas sales from the Anchois development with ONEE and Sound has has provided a project financing update in relation to the Company's Tendrara Production Concession, onshore Morocco.
Oil is quiet ahead of the month and quarter end and ahead of the Opec+ meeting next week. Many results today including Savannah which were good IOG updated on production and Angus are moving ahead fast. Scirocco also have predictable figures as do San Leon.
Savannah has announced another major gas contract in Nigeria.
Oil rose as production in Libya and Ecuador fell for civil rights reasons. Still no data from the EIA and Macron thinks he has a scoop from Opec. Savannah bring more gas onstream and Petrofac have decent figures looking better in 2H 22. President results good and value still way too low and Getech sign a big contract. Finally Coro have had a good year
Oil rose on Friday but WTI was down on the week, Brent unchanged. Nothing different at the moment, Libya is back down to 100/- odd b/d if that. Today Genel announce KRG payments and Savannah start gas sales to Axxela and Touchstone updates the market on COHO and Cascadura. Arrow have another success in Colombia and Eco Atlantic have raised money in Africa to top up their stake in 3/B and 4/B. Challenger note a scoop on Friday re Uruguay and results from Petro Matad show a positive situation after a terrible year or two.