Flash blog: Pharos, PetroTal, IOG, Longboat, SDX, Hunting, Star.

Good numbers from Pharos, PetroTal are in the dry season but guidance is unchanged, the yield is not it's 17$ plus 2 for the buy-back. IOG are working hard and in talks with bondholders and Longboat have added to the previous acquisition.SDX continue to impress with deals and Hunting were also very impressive at the Capital Markets Day. Star meantime are all-in on geothermal.

2023-09-13T18:34:06+01:0013 September 2023|Categories: Flash Blog|Tags: , , , , , , |2 Comments

Flash Blog: CEG, Predator, Eco Atlantic, SDX Energy

The oil price was boosted by the arrival of the hurricane season as Idalia swept across the Gulf of Mexico and non-essential staff were removed and key regional pipelines were shut. More on inventories tomorrow but the API saw a draw of 11.486m barrels. I write up CEG, with more tomorrow and Predator who have updated on Morocco. Finally Eco Atlantic are looking good right across the bulging portfolio. Finally SDX have what looks like a great deal in Egypt.

Oil price, Sound, Pharos, IOG, Touchstone,Trinity, Angus, Predator, SDX, Reabold. And finally…

Oil fell ahead of the Fed meeting which announces rates tomorrow. Today Sound have a sparkling update, Pharos have blocks 125/6 extended by two years which is excellent. IOG also update and news there is good as well. Touchstone have won their preferred block in the Trinidad licence round as have Trinity. Angus have shown flexibility at Saltfleetby and Predator have updated with a difficult but what looks like an ultimately successful MOU3. I update on SDX and Reabold from yesterday on a policy I can't understand.

Oil price, DEC, SLE, Reabold, SDX, Echo. And finally…

After last week's shenanigans oil rallied yesterday but there's still plenty of economic trauma to come all over the world. The rig count was down as is retail gasoline. Another excellent quarter from DEC who created a record production and now yield some 15%, not to be missed. San Leon had a bit of good news as Decklar upped sales and Reabold have moved into long term production in Italy....SDX appoints a new CFO and Echo restructure which the market rather likes...

Oil price, IOG, Chariot, Zephyr, Arrow, SDX, Longboat, Hurricane, PTAL, EME, Angus.And finally…

Oil is weak today ahead of the Fed tomorrow. IOG talk the Blythe well, Zephyr announce good hedges and Chariot tie up with Vivo in Morocco. Arrow are in great shape and will hit targets while Longboat have JVd with Japex in Norway. SDX are partnering with Aleph on alternative energy projects, PetroTal appoint a COO and Angus update on Saltfleetby.