An update on the Solo acquisition plus sundry raise etc, it looks a perfect start for them. Predator and CERP have announced further updated proposals to heritage and Predator has signed another CA with another operator. P
DGO complete their latest deal with plenty more on the way i am sure and Solo's interims and many more recent announcements makes me think that much is on the go there.
Hurricane has spudded its third Warwick West well, the last in this years campaign with Spirit Energy. RockRose Energy has along with excellent figures announced an interim dividend of 60p. Aminex has made great strides in Tanzania as they and ARA have made with the government and the forwarding of monies. Solo are also beneficiaries of this. Finally Serica has also had excellent results today.
Solo Oil make yet another announcement this morning, is this the precursor to the big one? And on Friday Amerisur announced the results of the new CPR from McDaniels which gives very solid valuations to the company's most valuable assets.
Solo move on with the new strategy by cutting key deals with support service companies, what could be next? IOG announce results from Harvey which has found a modest but likely commercial gas column.
Oil prices continue to rise as new Minister ABS prepares to try and keep the oil market tight. Results today from Trinity are excellent with much more to come and they show a clean set of heels to the peer group. Solo has sold its Burj investment, important as it concentrates on building the business in higher growth markets. GKP results were good but saw a lower production figure which has led to a fall in guidance, never good but mainly due to increased investment in the plan to go to 55/- b/d at Shaikan and still has a large capex and dividend + share buy-back. Cairn figures very much in line with excellent operational featuring Catcher...
Oil is all over the place with America and China playing diplomatic tennis and now appearing to be making friends again. Today, DGO buy a small but important stake in gas gathering systems and Eco Atlantic have spudded Joe-1. Reabold have potentially very exciting news from Romania and Solo Oil are about to update their corporate presentation. Jadestone trim the guidance, mainly for the weather to be fair but still look in good nick whilst Providence and Lansdowne have extended their backstop.
Another see-saw ride for oil which is better this morning after a good day yesterday. Aminex and Solo have released an update about Ruvuma and Kiliwani North which is still taking its time and Predator has interims but a really exciting 2H
Oil stays strong in the new quarter which most agencies say will be tighter than the last in which oil rose by over 30%. Block Energy has a great result in Georgia as does Reabold at Monroe Swell. Anglo African have recovered 43° API Djeno oil to the surface at TLP-103c which must help confidence for flowing in due course and I comment on a meeting with the Solo Oil management and the GKP Capital Markets event.
VOX Markets podcast: Malcy on President Energy, Sound Energy, SDX Energy, Solo Oil and Hurricane Energy
Malcy talks about the following stocks: President Energy (PPC), Sound Energy (SOU), SDX Energy (SDX), Solo Oil (SOLO) and Hurricane Energy (HUR)