Flash blog written from London, Paris and Morocco today, apologies. I note that Sound have spudded TE-9 at Tendrara, the first spin of the bit for a while. Solid 3Q numbers from Trinity with much to look forward to from now on. And Amerisur confirms Indico-1 is imminent, has good production again, the T sands looks more promising and work continues at PUT’s 12 and 9, let alone news of Coendu.
The oil price rose yesterday, it might have been higher but tensions eased towards the end of the day. It’s a big week for Sound Energy, today they have received Ministerial approval for their new Greater Tendrara Petroleum agreement which secures rights to ‘potentially transformational’ acreage up to 2026, they are about to spud TE-9 and they are hosting a big investor event in Morocco.
Tagged with: Sound Energy
Malcy talks about the following stocks: Columbus Energy Resources #CERP, Zenith Energy #ZEN, Echo Energy #ECHO, Hurricane Energy #HUR, Chariot Oil & Gas #CHAR, Genel Energy #GENL and Sound Energy #SOU
Although I’m away I can still see oil prices continue to rise in tight markets. On the company front RockRose has completed the Dyas deal on very favourable terms. Over at Sound all is going to plan with news from Morocco showing imminent activity at Tendrara and the drill bit is ready to spin again, exciting times indeed.
Another rise in the oil price, mainly on the inventory stats, Hurricane are moving inexorably towards first oil and Amerisur have a very good set of results. With Sound progressing in Morocco the autumn drilling is looking exciting and talking of exciting Total smash into Eco’s acreage in Guyana. and I take a look at the changes at Ophir where Alan Booth says that he is ‘no nightwatchman’.
Malcy discusses Empyrean #EME, Sound Energy #SOU, Reabold Resources #RBD, Amerisur Resources #AMER and Petro Matad #MATD
Sound announces the award of production concession in Eastern Morocco a Key step in its journey to commercialisation of its gas discovery. I follow up briefly on news from Zenith Energy yesterday.
Malcy talks about the following stocks: Hurricane Energy (HUR), Coro Energy (CORO), Eco Atlantic Oil & Gas (ECO), Fronterra Resources (FRR), SDX Energy (SDX), Far Ltd (FAR.au), Sound Energy (SOU), Amerisur Resources (AMER), Bahamas Petroleum (BPC) and Faroe Petroleum (FPM)
I discuss an ‘up’ week for oil and likely more of the same. Sound Energy stamps its Morocco acreage, Amerisur spuds what might be a big well in the ‘N’ sands and Echo updates from Bolivia and production and revenue from Argentina. Eco (Atlantic) looks like it and Tullow have something big in Guyana after Exxon announces its 9th success next door and Getech pleases with its H1 update.
A slightly better day for crude oil, I discuss the news from Sound following their completion of 2D seismic and take a look at the Wood Group interims.