Serica Energy Archives - Malcy's Blog

Oil price, Serica, Longboat, Pharos, Hurricane, Zephyr, Lekoil, Decklar. And finally…

Oil is quiet, the reporting agencies are out this week and the EIA were somewhat bearish in their comments. They don't generally take into account the politics of the situation and have based their views on supply and demand data. A good result from the Rhum R-3 well for Serica and Longboat announce a raise of £35m and two of three deals to get them started. Pharos update on Egypt and Vietnam but no comment yet on the farm-out whilst Hurricane update on production as they will until 5th July. Decklar has acquired the opportunity to participate in the Asaramatoru field in Nigeria, located in OML 11. I speak to Zephyr CEO, Colin Harrington who tells me about all things Paradox and their new environmental brief and Lekoil Ltd worry about their CEO...

Malcy2021-06-10T13:00:45+01:0010 June 2021|Categories: Daily Blog|Tags: Decklar Resources, Hurricane Energy, Lekoil Ltd, Longboat Energy, Pharos Energy, Serica Energy, Zephyr Energy|0 Comments

Oil price, Chariot, UJO/Reabold, Serica, Hurricane, Touchstone. And finally…

A big rally for oil yesterday as the Iran deal seemed to take a slight turn for the worse, I'm sure it will return. Signs of a pick-up in US air travel also made the oil bulls return. Chariot have made a strong move to become a unique, gas and renewables story covering over 17 countries in Africa. The raise will enable a well at Anchois to be drilled and hasten the roll-out of the transitional power team. Union Jack and Reabold have announced 6 weeks of testing at West Newton whilst Serica have announced an operating update at Columbus and the R3 well. Hurricane have results where they warn of equity destruction and Touchstone have more very positive news from Trinidad.

Malcy2021-05-25T16:21:23+01:0025 May 2021|Categories: Daily Blog|Tags: Chariot Oil & Gas, Hurricane Energy, Reabold Resources, Serica Energy, Touchstone Exploration, Union Jack Oil|2 Comments

Oil price, Serica, Wentworth, Far. And finally…

A big day for oil as the forecasts all moved to a big second half demand increase that will draw stocks down. Good figures from Serica show just how well it is doing at the moment. Finally the Remus/Far/Woodside drama continues and todays Far meeting has been postponed yet again, but will Remus bid?

Malcy2021-04-15T15:35:39+01:0015 April 2021|Categories: Daily Blog|Tags: Far Limited, Serica Energy|0 Comments

Oil price, Chariot, Angus, President, Echo. And finally…

After all the Hullabaloo oil was even last week, today however it has tipped upwards again. I look at Chariot who have signed a collaboration Agreement with Subsea Integration Alliance for Anchois. Angus Energy are positive after news that their loan has seen substantial subscription. President update on 2020 and give guidance for 2021 whilst Echo publish their bond restructuring details.

Malcy2021-02-22T15:57:03+00:0022 February 2021|Categories: Daily Blog|Tags: Angus Energy, Bahamas Petroleum, Block Energy, Chariot Oil & Gas, Echo Energy, Egdon Resources, Europa Oil & Gas, Helium One, Jersey Oil & Gas., Kistos plc, Longboat Energy, PetroTal Corp, Predator Oil & Gas, President Energy, Reabold Resources, Rockhopper Exploration, Savannah Energy, Scirocco Energy, Serica Energy, Sterling Energy, Tullow Oil, Union Jack Oil, Zephyr Energy|2 Comments

Oil price, Serica, Trinity. And finally…

As Joe Biden starts his reign by signing executive orders that for oil mean that the XL pipeline disappears and also that there is a moratorium in Alaska as expected. Meantime life goes on and Serica are making the most of it, also Trinity update on the 4th quarter.

Malcy2021-01-21T14:42:38+00:0021 January 2021|Categories: Daily Blog|Tags: Serica Energy, Trinity Exploration & Production|0 Comments

The Bucket List 2021

The 2021 Bucket List.

Malcy2020-12-16T13:19:25+00:0016 December 2020|Categories: The Bucket List|Tags: Bahamas Petroleum, Chariot Oil & Gas, Diversified Gas & Oil, Eco Atlantic Oil & Gas, Genel Energy, IOG, Jadestone Energy, Jersey Oil & Gas., Kistos plc, Longboat Energy, PetroTal Corp, Predator Oil & Gas, President Energy, San Leon Energy, Savannah Energy, Scirocco Energy, Serica Energy, Touchstone Exploration, Union Jack Oil, Wentworth Resources, Zephyr Energy|14 Comments

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...

Malcy2020-12-15T12:38:53+00:0015 December 2020|Categories: Daily Blog|Tags: Block Energy, Gulf Keystone Petroleum, San Leon Energy, Serica Energy|2 Comments

Oil price, Predator, Solo, Zephyr, TMS.

WTI $40.83 -5c, Brent $42.62 -31c, Diff -$1.79 -26c, NG $2.80 +2c Oil price A very modest fall yesterday, today it's a small rise but no massive direction from the ...

Malcy2020-10-20T13:17:12+01:0020 October 2020|Categories: Daily Blog|Tags: Aminex, Deltic Energy, IGas Energy, IOG, Jadestone Energy, Jersey Oil & Gas., Predator Oil & Gas, Serica Energy, Solo Oil, Touchstone Exploration, Wentworth Resources, Zephyr Energy|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.

Malcy2020-10-12T13:05:24+01:0012 October 2020|Categories: Daily Blog|Tags: Petrofac, Serica Energy|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.

Malcy2020-09-10T17:45:29+01:0010 September 2020|Categories: Daily Blog|Tags: Jadestone Energy, Serica Energy|0 Comments