The Bucket List 2021

The 2021 Bucket List.

Oil price, GKP, Serica, San Leon, Block.

The oil market has taken the Opec and IEA reports pretty well and Brent is $50.52 as I write. GKP has positively updated the market and will be producing at the top of guidance and hopefully might cut a deal with the KRG next year. Serica's operational update was also top notch, with 80% gas prices are high and production strong with upside in due course from 32nd Round licenses. San Leon announce that with regards to the Oza field in Nigeria there is a Covid-19 delay so completion is delayed until 'early in the new year'. Finally Block has hired what seems like a very smart NED...

2020-12-15T12:38:53+00:0015 December 2020|Categories: Daily Blog|Tags: , , , |2 Comments

Oil price, Serica, Petrofac. And finally…

Oil had a good week but has since lost around a dollar as the strike in Norwegian oilfields has ended and hurricane Delta moved on. A great update from Serica where the R3 Intervention project is under way as is Columbus and also the gas price is making the economics of the company very handsome. At Petrofac it is announced that CEO Ayman Asfari is stepping down at the year-end but will remain as a NED. Newcomer is Sami Iskander who has a CV that reads very well and should be perfect for this role. I wish Ayman every success in his future as a philanthropist and of course, non-exec director.

2020-10-12T13:05:24+01:0012 October 2020|Categories: Daily Blog|Tags: , |0 Comments

Oil price, Serica, Jadestone.

Oil rallied off Tuesday's lows but the API stats and the STEO were mainly downbeat. Serica announces results and looks in an incredibly strong position with £101m of cash and rising gas prices. Jadestone also has interims which show that despite reducing guidance for this year the outlook is more than promising.

2020-09-10T17:45:29+01:0010 September 2020|Categories: Daily Blog|Tags: , |0 Comments

Oil price, Sound, Serica, GKP

Oil rallied yesterday and has again this morning, maybe people are thinking the same as me yesterday that an announcement on production from the KSA is imminent. Contrary to market views there is still plenty going on at Sound Energy with results today. Serica has well more than justified its position in the Bucket List with a great performance increasing production and cash flow whilst reducing costs. Finally, GKP has shelved plans to increase Shaikan production to 55,000 b/d until the market, improves and the KRG are paying their bills.

2020-04-23T16:53:49+01:0023 April 2020|Categories: Daily Blog|Tags: , , |2 Comments

February Bucket list update…

It's Bucket List time and the February update is out today, cue trauma.....

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