Two big up days and today oil is taking a breather, down just over a dollar at time of writing. Today sees Genel shareholders switching about a bit and Sound has a detailed and interesting update. Hurricane have a good CPR and production report.
Oil remains weak as the EU still won't ban hydrocarbons and India and China still won't stop buying them from Russia. Sound has walked away from the Angus auction but two buyers remain interested in the Saltfleetby asset. Scirocco note the AEX RNS on Tanzania where action continues ahead of drilling the crucial CH-1 well in November this year. Zephyr go from strength to strength as they receive the first monthly cheque from the Williston Basin assets bought in February but now delivering meaningful cash to spend on the Paradox. Finally SDX has spudded the MSD-20 infill well on the Meseda field, I still think that there is corporate activity behind the scenes here.
After yesterdays rise oil is down around a dollar this morning falling stocks contributed to yesterdays big rally. Today I see a good set of results and very good progress from Sound and Cath Norman has stepped down as CEO at Far. Pharos have received Ministerial approval for their farm-out inn Egypt which sets them fair for Vietnam growth.
Oil has fallen sharply again today, Covid in China worrying. Today good results from Genel and news from Sound who are ploughing ahead at Tendrara. UOG, has more success and news from President and Far who are exiting Guinea Bissau. Scirocco note Helium One data.
Oil is up another $3 today pushing Brent over $130. Sound are keeping up the good work in Morocco and Longboat have spudded a top priority well.
Oil fell when some Russian troops left the front line in The Ukraine, with today's news that their kit is still there oil is up $1.40 ish. Sound have made huge progress and deserve a great deal of credit for Phase 1 in Morocco. Kistos are recovering from the VCP hiccup and I hope that investors buy now while it's still cheap. Finally Hurricane is showing quite how wrong the old NED's were and is worth taking another look at.
Oil is up again after the Yemeni action against the UAE. Genel has announced a strong trading update and Sound has announced that it is them who are one of the bidders for Angus. Finally, Chariot have had another really good testing time at Anchois which looks set very well indeed.
Oil has rallied in thin volume ahead of the year end and trade will get thinner as the week goes on. Today I look at Sound as it completes its Phase 1 loan note funding and IOG as they have slight technical problems at Southwark. DEC has completed the sale of the Haynesville undeveloped acreage and Pharos gets the almost final OK in Egypt. And UOG has another success in Egypt.
Its an up day for oil after yesterday when the so called market pros took money off the table mainly in WTI. I look at Sound who are continuing the good news in Morocco and Gulfsands who have received an extension and expansion of its facilities. Also a good oil find from Touchstone and good news from the Tribunal from Rockhopper.
Oil unchanged ahead of Opec+, Scirocco updates on Tanzania whilst Savannah say that the Aim document is targeted for the 17th December. President has a success in Argentina and Sound confirm NED appointment.