Oil drifts today after Fed comments on next years interest rates warn that falls will be hard earned. Today Wentworth announce results which are highly creditable on the operating side with the M&P deal in the mix. Touchstone have a Capital Markets Day today and with Cascadura onstream the company is transformed. Finally, DEC has had its borrowing base increased from $375m to $425m.
Touchstone hit first gas production targets at Cascadura, DEC have had a re-shuffle of the executive and NED board and Arrow have brought on CN-3 as expected. Afentra are back from suspension with the admission document out today and Orcadian, fingers crossed have farmed-out most of the Pilot project.
Oil rallies today after another set of good inventory stats yesterday. Today I remind that the TXP CMD is on 26th Sept, look at the Ithaca divvi and take a first look at Pennpetro.
Oil remains quiet but firm. Today I look at Touchstone which has started production at Cascadura and Arrow who report on the CN-3 well. Finally, at long last Jadestone appears to have got Montara under control and now let's hope it's the last we hear from it...
Oil is drifting as economies from Europe to China remain sluggish. Today I look at Touchstone who are near to Cascadura and Hunting who are in very good nick indeed. Also Coro have done a smart corporate deal. From yesterday I relook at Ithaca which yields 22% and Jadestone who I think are out of the trees at Montara. Also I spoke to Deltic CEO Graham Swindells and his company is in a very strong position indeed. Finally Jonathan Leather is moving on from UOG.
Oil remains on a run ahead of Friday's Opec meeting where I expect both Russia and the KSA to maintain their production cuts. Today IOG say that the Bondholders are helping with their support and hope to tie something up soon. Touchstone are just a few checks away from gas at Cascadura and Beacon are drilling a sidetrack at SCHB-2 after the fishing expedition wasn't entirely successful. Jadestone has run into more trouble at Montara where another leak has been discovered.
Oil is down today after a small bounce while markets adjusted for 4th July. Today I look at Touchstone which has good news on the way from Cascadura and I PetroTal announce record production in Q2. Hunting have also blown the lights out with numbers looking materially ahead of expectations and Petro Matad have finally received approval for block XX. Finally Prospex should be congratulated for first gas at the Selva field.
Oil is solid after the EIA stats which showed a draw of nearly 10m barrels. Today I look at Touchstone where Cascadura is nearly ready for first gas. Also Serica has a confident AGM statement, i3 have a disappointing update with reduced guidance and lower dividends. A quick look at JSE who failed in the Open Offer and there is more on Sound after yesterday's RNS.
Oil fell ahead of the Fed meeting which announces rates tomorrow. Today Sound have a sparkling update, Pharos have blocks 125/6 extended by two years which is excellent. IOG also update and news there is good as well. Touchstone have won their preferred block in the Trinidad licence round as have Trinity. Angus have shown flexibility at Saltfleetby and Predator have updated with a difficult but what looks like an ultimately successful MOU3. I update on SDX and Reabold from yesterday on a policy I can't understand.
Oil is waiting for the vote in the House tonight but even if that succeeds there are other hurdles ahead. These include the Non-Farm-Payroll on Friday, the Opec Meeting on Sunday then the Fed meeting where a pause is no longer the favourite. Today I look at Savannah who have agreed a NGSPA in Nigeria, DEC where directors are buying stock for cash and Challenger who appear to have something very serious on in Uruguay...And I have seen something from Reuters who appear to have the early nod on the Trinidad licensing results...