Oil price, UJO/Reabold, Scirocco, Echo, San Leon, President, Getech, Zephyr, Savannah. And finally…

First day of the month and quarter and with an Opec+ on Monday there are no prizes for bravery in oil markets. Union Jack and Reabold are disappointed about the planning decision at West Newton but an appeal is probably likely. Scirocco completes its acquisition Echo has restructured its loan. San Leon note production news from Decklar and I cover results from the 15 sets yesterday including President and Getech as well as results from Zephyr with an interview with CEO Colin Harrington and from Savannah and an interview with CEO Andrew Knott.

Oil price, Savannah, San Leon, Scirocco, Longboat. And finally…

The last day over the month and quarter has seen some window dressing as November Brent expires tonight. With companies competing to be the most in the last day of the reporting season Savannah, San Leon, Scirocco get in today along with an interview with Helge Hammer of Longboat. That leaves just the 16 to fit in tomorrow...why do they do it and how many will get in, and its a Friday remember...

2021-09-30T18:12:01+01:0030 September 2021|Categories: Daily Blog|Tags: , , , |0 Comments

Oil price, Challenger, Scirocco. And finally…

Oil rose sharply with the usual determinants on show yesterday although I'm looking to the natural gas price at the moment, around 4 bucks at Henry Hub but of course it's the UK price that has thrilled as Russia starves the European market. Challenger has laid out its plans for Saffron and Scirocco has completed EAG which looks exciting.

2021-08-25T10:34:51+01:0025 August 2021|Categories: Daily Blog|Tags: , |1 Comment

Oil price, Helium One. Catch up DEC, Scirocco, SDX, Jadestone. And finally…

The oil price continues to fall with markets as the Fed starts to mention the end of the Taper. Today I look at Helium One who have commenced drilling at Tai-2 in Tanzania and also look at some announcements that have happened whilst I was away earlier this week. DEC completed the Tanos acquisition, I'm sure the next deal isn't far away and Scirocco has a clearer line of sight to selling its Ruvuma stake whilst also having a shout with HE1. SDX had a dry hole at South Disouq but CEO Mark Reid remains positive about the area and over at Jadestone they have updated on guidance and updated on operations.

Oil price, Petro Matad, Coro, Hurricane, Block/Scirocco, Getech. And finally…

Oil is already making back the losses when yesterday people wrote off Opec, something to do very carefully and not by me, at the moment anyway. Petro Matad has received its exploitation licence in Block XX and Coro seems to have done a very smart deal with ion. Hurricane has completed the Lincoln obligation well and Getech is looking at Hydrogen. Finally it seems that some Block shareholders are not looking at their own board but others, not a wise move if you ask me.

Oil price, Scirocco, Chariot, President, Block. And finally…

The Opec+ meeting is underway and with all in their favour the outlook is bound to be good one way or another. Scirocco are happy with the way things are looking in Tanzania and Chariot have appointed a new but well known to them drilling Manager. President has detailed the spin off of Atome and Block seem to be not worrying about a 44% vote against the Chairman at their AGM.

2021-07-01T13:35:56+01:001 July 2021|Categories: Daily Blog|Tags: , , , |0 Comments

Oil price, Chariot, Scirocco, DEC. And finally…

Oil will end up on the week as the crucial stock draws continued, economic data was good and gasoline demand continued to rise. Chariot look good as they become a gas and transition company with much excitement to come. Scirocco has amended its facility as it heads to Eurpean transition itself. And DEC have appointed a head of ESG, it is getting so important nowadays.

2021-06-25T13:58:26+01:0025 June 2021|Categories: Daily Blog|Tags: , , |0 Comments

Oil price, Challenger, Sound, Scirocco, Helium One. And finally…

Oil is up again today as buyers realise just how big a week it is, Iranian elections upcoming, the Putin-Biden talks, the Fed meeting and the IEA volte face. Shell consider a sale of $10bn of Permian assets and Scirocco have made moves into the sustainable area while Challenger update on Saffron-2. Sound have done a very smart deal in Morocco and Helium One Global have started the drill bit spinning.

Oil price, Sound, Union Jack/Reabold, Pharos, Scirocco, Savannah, Sterling, Cairn.

Oil is down a touch this morning, about the same as it was up yesterday...The Suez Canal is open and the market is starting to look towards Opec+. Sound has gone a long way in the bond restructuring and UJO and Reabold are moving ahead fast at West Newton. Pharos has new fiscal terms in Egypt and may also be in a good position on its farm-out. Elsewhere, new directors at Sterling Energy are v good, Savannah has a new website, Scirocco has been written up in a good note from WHI and Cairn have heard that the Indian Government are trying to have the Dutch court of arbitration set aside.

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