Malcy talks about the following stocks: Sound Energy (SOU), Amerisur Resources (AMER), Faroe Petroleum (FPM), Ophir Resources (OPHR), Aminex (AEX), Victoria Oil & Gas (VOG), Pantheon Resources (PANR), Anglo African Oil & Gas (AAOG) and Rose Petoleum (ROSE)
Oil continues to move up, geopolitical worries in Nigeria and Gabon, and the chance of trade talks working between the USA and China. Sound Energy appear to have left the doldrums after more good news from Morocco and Rose Petroleum have published a positive study from Schlumberger. Hurricane say there’s no panic about the Aoka Mizu just waiting for a weather window and Savannah have a retail investor conference call on thursday morning.
Sound has a gas discovery in Tendrara which subject to testing will confirm their belief in the TAGI. Faroe has a water wet hole at the Ula prospect in the Norwegian North Sea.
No news from Opec+ until later we think, uncertainty in the market just now. Another great well from President in Argentina and with one still drilling they will end the year on a great note. Sound have spudded TE-10 at Tendrara whilst Ophir have a good discovery and a dry hole of less importance. Premier are firing on all cylinders production wise and have also spudded the Mexico appraisal well whilst Tower now have a rig for its Cameroon well 2H 2019.
Malcy talks about the following stocks: Sound Energy #SOU, Premier Oil #PMO, President Energy #PPC, Faroe Petroleum #FPM and Empyrean Energy #EME
Last week was bad for oil, with only two weeks to go until the Opec+ conference positions will start to be taken. Ineos has started talks with Conoco Philips with regard to buying its UKCS assets and Sound has a dry hole in Morocco but is moving on to TE-10 immediately.
Oil prices rally on talk of 1.4m b/d cuts, Sound are at TD in Tendrara and Echo have an upbeat operational update. Zenith figures only the start if things go well this quarter and at Faroe and Cairn they have a success at Agar but Cairn has a duster at Ekland. Premier are operationally in fine form again with much to come, Catcher the star but Tolmount and Mexico looking exciting with appraisals upcoming. Wentworth are still being paid which is good but man cannot live on Mnazi Bay alone, over at Enteq things are improving for Martin Perry.
Oil prices remain weak as sanctions start today. Trinity start the process on Galeota with the first phase of the FDP and Sound are at 2nd casing point at TE-9. Reabold announce another investment, this time onshore UK and Columbus are set to leave La Lora to decommissioning fate in Spain.
A poor week for the oil price, reasonably expected I should say and now the Saudis are talking of Opec+ cutting production, which they should. President have spudded the 2nd well in the 3 well programme and Sound are at first casing point in Tendrara. SAVP have submitted the necessary documents to the Niger Ministry to get on with the EPS whilst Reabold note that Corallian have farmed out 10% of P2396 to Talon. Finally, Eco Atlantic via their operator Tullow have ‘prioritised’ Guyana over Namibia, funny that…
Malcy talks about the following stocks: President Energy (PPC), Echo Energy (ECHO), Sound Energy (SOU) and Amerisur Resources (AMER)
