Oil rises again as G Sachs say that the world should be awash with crude oil, why oh why....? Savannah have an operational update and Serica announce the completion of the Spirit deal in the SNS.
Oil is up today but off earlier highs after President trump rejected the Iranian offer of talks. The differential widens again though and is now -$12.51. Genel announced on Friday that it completed the tap issue for $65m and today DNO walked away from Capricorn Energy. Serica confirm that it is planning a main market listing and a career in the FTSE 250 come December. Zephyr's figures are good with plenty of good news to come and Prospex issues a half year report full of exciting news. Tower update with a detailed report from Chairman Asher and UOG also update.
Oil is down just under $1 today as the US moved back from military action towards an 'economic squeeze on Iran'. Genel has a brief update and Petro Matad also updates whilst Serica formally terminate the Pharos bid.
Oil is up $2.50 today as diplomacy fails and peace remains as far away as ever in the Gulf, in the US natural gas rises on short covering during the heatwave. Serica has said that they will not increase their offer for Pharos and Angus are paying down debt as the cash sweep delivers results. And Sintana formerly release the GM details and the presentation that I put in the blog on Friday.
Oil rallies as talks are uncertain. PetroTal has a positive outlook and Serica are looking fully fit and pumped. JOG are also looking a very interesting bet...
Today sees the publication of the 2026 interim update of the Bucket List, it has three departures and two new companies have joined. Caveat emptor...
Oil is down over five bucks today as another possible ceasefire is mooted. Last night Serica announced a recommended offer for Pharos and Zephyr sign a LoI with Atlas for offtake.
A flash blog tonight as I note the recommended offer for Pharos by Serica Energy. I will comment after the webcast ay 0900 hrs tomorrow morning.
Oil is up sharply again this morning with no sight of an end to the war in the Gulf. Serica complete a formidable RBL and has firepower of some $784m to spend. Eco Atlantic reports finals for 2025 but with its amazing portfolio and top drawer partners in some of the world's finest basins it has way more to go.
Oil is up a little today after further military action in Iran, peace is a way away as the US is being 'taken for suckers' apparently. Today Zephyr announces good progress at the non-operated portfolio and Serica close the ONE-Dyas acquisition. And Touchstone complete their fundraise.