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Oil price, BP, Sound, Echo, Eco, Wentworth

Oil has been very much unchanged over the quarter end and contract rollover and is so today, a lot of talk about who has spoken to MbS... BP have announced 25% capex cuts, in line with others whilst Sound Energy are still discussing their GSA in Morocco. Echo Energy has been restructuring its debt with a number of successes already agreed and Eco Atlantic has pared back costs and remains very well placed when drilling recommences. Finally, I spoke to Wentworth Resources this week and I am convinced that with their very strong model and solid finances they are as good as any in the sector.

2020-04-01T13:07:44+01:001 April 2020|Categories: Daily Blog|Tags: , , , , |1 Comment
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Sound Energy

Sound Energy make progress with the approvals for building the gas treatment plant, including a possible LNG option. The deal also covers most of the planning needs for the pipeline.

2020-03-20T11:03:20+00:0020 March 2020|Categories: Flash Blog|Tags: |6 Comments
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Oil price, Reabold, Sound, Jadestone, Egdon – And finally…

Oil down again as Covid-19 seems to be a very random visitor. Reabold has issued an upbeat statement about its US operations which are doing very well whilst the highly experienced Graham Lyon joins Sound as Exec Chairman. I attended the Jadestone Capital Markets event yesterday and was most impressed as I thought I would be, full of quality. And Egdon Resources confirm that they have hit the guidance with production of 178 b/d.

2020-02-26T10:07:33+00:0026 February 2020|Categories: Daily Blog|Tags: , , , |0 Comments
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Oil price, Predator, Sound, Far – And finally…

Oil duly rose last week but at present the virus, now Covid-19 could be peaking but the WHO are less confident. Predator completed a raise of £3.56m at 4p, a highly commendable job done that was 'significantly oversubscribed' and the outlook is promising. Sound Energy has had to go to plan B as so far the buyer of its Eastern Morocco assets has not yet signed an SPA. Far announced that MD Cath Norman had bought shares pa on Friday, nice work.

2020-02-17T14:36:49+00:0017 February 2020|Categories: Daily Blog|Tags: , , |2 Comments
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Oil price, Sound, PetroTal, Falcon – and finally…

Oil drifted in the end last week, Iran shooting down a civil airline flight somewhat dented the passion against the Great Satan's. Sound Energy has continued to work though the EIA and sundry diligence for its work in Morocco and PetroTal Corp has yet again over-delivered against market expectations. Finally, Falcon Oil & Gas has had a minor operational delay which will be sorted by Origin sidetracking the well.

2020-01-13T12:36:48+00:0013 January 2020|Categories: Daily Blog|Tags: , , |4 Comments
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Rockhopper, IOG, Serica, Sound Energy

Sound Energy has made a modest raise after recent interest which makes sense, IOG has not had quite what they expected at Harvey but to the northeast has seen a structure. Putting that with Redwell might create a hub going forward. Rockhopper have updated modest success at Abu Sennan before passing on to UOG. And Serica has been awarded licence P2501 conveniently next door to Rhum.

2019-12-18T11:28:41+00:0018 December 2019|Categories: Flash Blog|Tags: , , , |0 Comments
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Oil price, Longboat, Jadestone, BPC – And finally…

Happy Thanksgiving and whilst today and Black Friday means very little trading in oil markets until Monday it is a time of the year fraught with risk especially with the Opec+ meeting next week. I welcome Longboat Energy to the market with its former Faroe management and talk about Jadestone, also with a very high quality team. With Bahamas Petroleum preparing for 2020 drilling they are starting the necessary steps for local investors and the environmental needs.

2019-11-28T12:17:31+00:0028 November 2019|Categories: Daily Blog|Tags: , , , , , , , , , |0 Comments
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Sound, Coro, Echo, Wentworth, Eco, Longboat, Talon, + Africa Oil Week 2019 videos…

Today I talk about management changes at Sound Energy as its metamorphosis continues and also Coro Energy as it announces another successful well. Echo Energy has completed its deal and now looks forward to Tapi Aike whilst Eco Atlantic has fallen due to heavy oil, unnecessarily in my view. At Wentworth former CEO Eskil Jersing has been given the El Bow as potential acquisitions failed to materialise. There is a Longboat coming over the horizon laden with former Faroe management looking for funding to go back and do it all again. And Talon Petroleum is also queuing up to invest more in the North Sea. Finally a slate of video interviews by myself and VSA CEO Andrew Monk recorded at Africa Oil Week.

2019-11-13T11:46:03+00:0013 November 2019|Categories: Daily Blog, Interviews|Tags: , , , , , , , , , , , , , , , |1 Comment
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Sound Energy

A flash blog this morning on Sound Energy who have updated the market on the ongoing marketing process in respect of the Eastern Mediterranean portfolio. It has revealed an interesting and somewhat novel plan, which if it completes will deliver value to shareholders but remain with a potentially high value residual holding in the asset.

2019-11-06T07:23:47+00:006 November 2019|Categories: Flash Blog|Tags: |4 Comments
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Disclaimer: Malcy’s Blog is provided for general information about the international oil and gas industry and the companies that operate within it. It does not constitute investment advice and Malcy does not buy or sell shares, warrants or bonds in any company written about within the blog. Information is taken from publicly available sources and any comment is that of the author who does not take any third party comment in the publication.