Oil fell yesterday after the Russians said that Opec doesn't need to cut any further at next week's meeting. Touchstone has topped up its debt facility ahead of Cascadura and testing at Royston, Savannah comment on COTCo and Echo confirm sale of most of Santa Cruz Sur. And I note that EOG is having a shareholder meeting on the 8th June.
Oil is not short of influences from the short term reopening of the Turkey pipeline to the longer term over demand in the market. This brings Genel and GKP back into play. Touchstone has Q1 results but that's not the story for this year and Predator have raised a little for Morocco activities.
Oil continued to drift, Touchstone starts at the bottom at Royston, Egdon and Europa announce results while Union Jack waits its turn. And its all over bar the shouting for Hurricane.
A quarterly update of the Bucket List to reflect recent performance as well as a year/year check.
Oil fell again as banks take the centre stage with rumours of more failures/bail outs. San Leon are delayed again, this time as NNPC wade in. Rockhopper are excited as Navitas have an independent report from NSAI which adds to resources and cuts costs.
Genel announcing KRG oil sales and price details, IOG announce the spud of the Blythe well and Touchstone reveal a very strong reserves report.
DEC completes on Tanos, Touchstone well looks cautiously optimistic, San Leon creating more value through Decklar, Angus well ready to test and management changes with funding and Scirocco pick up on Aminex delays plus Hunting.
Update from San Leon on market rumours, i3 Energy updates on numbers which are good and Touchstone have a date for Cascadura gas- Yippee! Plus Eco results and update.
Oil fell sharply after the NFP numbers and the rig count saw a substantial fall. Union Jack announce further good news from Wressle but IOG had further operational issues at Southwark. Touchstone are about to start the Royston sidetrack which could prove a substantial find and Egdon are taking an option to farm-in to an asset.
The 2023 Bucket List is published today, five companies are leaving one way or another and three are joining the group. The Oil and Gas prices both showed consistency in being virtually unchanged on the year although the prices changed at different times during it, see the charts. The blog also announces how the 2022 list fared.