Oil price, DEC, Ithaca, Tower. And finally…

Oil fell sharply on poor inventory stats, way higher crude builds than the whisper. DEC has announced a number of dividend options for shareholders to try and rally the share price and Ithaca has issued a very good trading update. Finally Tower has raised money to pay down debt, not for the first time.

2024-02-15T13:33:41+00:0015 February 2024|Categories: Daily Blog|Tags: , , |0 Comments

Flash blog: Chariot, Kistos, DEC, Wentworth, Serica, Deltic, UOG, Trinity, Tower.

Announcements from Chariot in South Africa, DEC listing in the Big Apple and Kistos back in business in the Shetlands. Also Wentworth are nearly done, Serica has a very smart RBL, Deltic outline plans for next year and UOG tidy up in Egypt. With a raise from Tower.. and a poor result from Jacobin for Trinity thats all...

Oil price, Savannah, Zephyr, Scirocco, Beacon, SDX, Tower, IOG, Prax. And finally…

Oil is quiet today after a good week as the quarter ends. Today I look at Savannah with results as do Zephyr, Scirocco, SDX, Beacon and Tower. IOG have taken the plc into administration and I look at Prax after the first payment to DCU holders.

Oil price, DEC, PetroTal, GKP, Tower, Coro. And finally…

The week started with the oil price falling and is ending much more positively. Today DEC announce divvi conversion rate and PetroTal has received £6.1m from warrant conversion. GKP in their AGM statement are still stuck whilst the pipeline remains shut. Tower Resources have a positive update from Namibia and yesterday Coro announced completion of the Vietnam deal.

Oil price, Arrow, Zephyr, PetroTal, Afentra, Tower, Prospex. And finally…

Oil is mixed but it's all about the meeting at The White House today between Sleepy Joe and House Leaders. Arrow yesterday announced another highly successful well in Colombia and today Zephyr update on production and the Paradox Basin. PetroTal have announced details of dividend and buy-back arrangements which should be huge for shareholders and Tower have raised money again and Afentra have unimportant figures. As for Prospex it looked like good news but the market is unforgiving.

Oil price, Sound, Petrofac, UOG, Tower, Trinity, GKP. And finally…

Oil fell sharply as US recession looms, Sound look closer to financing and Petrofac have rewritten the numbers. UOG have sold Maria and Jamaica appears to be a bit closer. Trinity have no growth so the Jacobin well is crucial and Tower may well be on the way in Cameroon whilst at GKP everything stops for the pipeline closure.

Oil price, PetroTal, Tower, Coro, Echo, Capricorn,NewMed. And finally…

Last week oil was up strongly after China's news about Covid started to wane. Today PetroTal released its 2023 budget and Tower is to raise up to $6m. Coro gave a production and corporate update and I catch up with Echo from Friday. Finally there is more interest in the Capricorn/NewMed and Pallister situation, involving Legal & General IM.

Oil price, Chariot, Zephyr, Tower. And finally…

Oil is cratering as Covid remains prevalent in China, WTI is back to contango. Chariot has announced a JV in South Africa in electricity trading where they have been awarded a licence. Also it has put to bed leaks from a meeting held in Morocco about the Anchois field. Zephyr has announced the spud of the 36-2 LNW-CC well in the Paradox Basin. And Tower has made progress in Cameroon as a loan is approved locally and now needs to go to group level.

2022-11-21T16:58:54+00:0021 November 2022|Categories: Daily Blog, Uncategorized|Tags: , , |0 Comments