Oil price, Sound, Echo, Solo,DGO, Jadestone. And finally…

Oil ended the week slightly down on more virus worries but markets are better today as is oil. I look at the interesting Sound deal in Morocco and the good news from Echo Energy. Solo has raised a potential $5m and updated on cost strategy whilst DGO has had its redetermination satisfactorily. Finally Jadestone looks like it has made another cracking acquisition.

Oil price, Far, Savannah, Union Jack. And finally…

Oil has drifted, little news from oil but the knock-on effect of an increase in the COVID-19 has taken its toll slightly. Savannah has extended its results until July due to COVID in its operations but gives a strong update to end May. Far are waiting on the operator of their Senegal asset as they reduce capex but for the time being Far are in technical default. Solo have also had local problems on delivering results but also say that they are in a strong position at the moment. Union Jack has swooped for a 3% stake in Biscathorpe taking them to 30% of this exciting project. Finally Petrofac has seen adverse reaction to the virus and the oil price but they are cutting costs and look very strong longer term.

2020-06-24T10:44:10+01:0024 June 2020|Categories: Daily Blog|Tags: , , , , |2 Comments

Oil price, Hurricane, Aminex, Solo, Columbus,

Oil is easier after the last week of turmoil with more to come... I write about Hurricane after the update and Capital Markets Event and also look at Aminex after the licence extension that pushes them closer to the farm-out deal. I also look at Solo who have a different angle on the announcement. Finally Columbus have brought in the Saffron well on the SW Peninsula in Trinidad in quite a big way...

2020-04-27T16:03:30+01:0027 April 2020|Categories: Daily Blog|Tags: , , , |11 Comments

Hurricane, RockRose, Aminex, Solo, Serica.

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.

2019-09-24T10:39:47+01:0024 September 2019|Categories: Flash Blog|Tags: , , , |0 Comments

Oil price, Trinity, Solo, Cairn, GKP – And finally…

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...