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.
In this roller coaster ride oil is up nearly 3 bucks ahead of the Opec+ meeting tomorrow. I look at Sound that continues to make good progress, and exciting times for Chariot as the rig for Anchois is mobilised. San Leon announces further delays and Angus updates with good news across the board. Finally Orcadian gets the OK from the OGA for the Pilot field and Prospex get under way finally in Spain.
Oil and markets fall again as the Omicron variant gets bad press around the world. I look at Sound who have done a great GSA deal with more to offer, and DEC who are moving ahead on the commitment to net zero. Longboat have updated their schedule and Advance are close to spudding the Buffalo-10 well.
Oil is down with Covid blamed while natural gas is up after Germany delays the Nord Stream 2. Chariot have another deal with Total Eren which should be big news for them. Sound is shuffling the board, Graham Lyon continues to be smart.. The DEC CMD has just finished, way too late now to write it up but it was very positive indeed, a really good message from a turnout of all senior execs.
Oil is a bit better today, lots of big boys and girls meetings this week. Sound confirm extension of Phase 1 LNG SPA until 30 November and Savannah has commenced gas sales to First Independent Power Limited's power plant, FIPL Afam, in Nigeria. President announce the new CEO for Atome and results from Gran Tierra and a raise from Zenith.
Sound Energy figures today.
With an Opec+ meeting starting today the oil price is flat awaiting any news. Sound is working hard at the moment and today updates on the 12-month extension to the initial period of the Anoual Exploration Permits in Morocco. Kistos has made a better than expected oil discovery on the Q10-A-04A well and also put in a potential wind farm acquisition as well. Finally Longboat has completed its farm-in and will be drilling before you know it...
Oil recovered last week's fall and was picked up on Mexican production loss and of course Hurricane Ida. Today I look at JOG on electrification, UJO and Reabold with exciting news from West Newton and Sound who have completed the Schlumberger deal. Also Hurricane announce an offer for the bonds, Lamprell update on recapitalisation and Eco Atlantic spud the Sapote-1 well and Zenith sign an agreement in Nigeria.
Oil is closing the week on a more positive tack, during the week the Covid Delta deviant concerned traders but the market is better again today. Sound has received a 'deal' from the Moroccan tax authorities which looks eminently turn downable. I may look more at Gran Tierra, I'm getting Colombia withdrawal. Far are looking for permission to return money to shareholders and Cairn announced earlier in the week a find offshore Mexico.