Tag: Tower Resources

Oil price, Sound, Genel, Tower, Amerisur, Getech And finally…

Oil prices fell again after the markets went into risk-off mode worrying about the US/Sino trade talks collapsing. A mixed bag for inventories showed crude building and gasoline drawing, again.
Today Sound have good news from Tendrara as gas flows to the surface without stimulation or artificial lift, next is the rest of the TAGI formation. Genel has a Tawke update with good news from DNO in terms of production and a long drilling campaign. Tower has pushed back the Thali well in Cameroon until July after receiving updated data but that’s not a problem. Finally yesterday saw Amerisur announce approvals for 3rd party transportation through their OBA pipeline which should boost production by 2/- b/d and also results from Getech which show the restructuring going well.

Tagged with: , , , , ,

Oil price, United, Reabold, Union Jack, Tower And finally…

Oil drifts after a strong run, Iraq threatening to raise production and inventory fears remain. United Oil & Gas up the ante in Italy with a CPR showing more upside and Reabold and Union Jack spud the West Newton A-2 well. Finally I report on an interesting meeting with Jeremy Asher, Chairman and CEO of Tower Resources.

Tagged with: , , ,

Oil price, Coro, Premier, Tower, Petro Matad And finally…

Oil eased yesterday, markets were poor and some profit taking was observed. Coro has made first completion of its Duyung PSC acquisition whilst Premier have had another excellent well result in Mexico. Tower Resources are making admirable progress with well planning in Cameroon and whilst bank debt is arranged has received a bridging loan from Chairman Jeremy Asher. Finally Petro Matad has announced two rig contracts for the summer campaign in Mongolia, running about three months behind but will still manage four wells notably the key Heron-1.

Tagged with: , , ,

Oil price, President, Sound, Ophir, Premier, Tower And finally…

No news from Opec+ until later we think, uncertainty in the market just now. Another great well from President in Argentina and with one still drilling they will end the year on a great note. Sound have spudded TE-10 at Tendrara whilst Ophir have a good discovery and a dry hole of less importance. Premier are firing on all cylinders production wise and have also spudded the Mexico appraisal well whilst Tower now have a rig for its Cameroon well 2H 2019.

Tagged with: , , , ,

Oil price, Africa Oil Week, Tower Resources And finally…

Oil remains weak with Iran settling at around 1m b/d of exports. The Mid-term elections were inconclusive and the inventory stats unhelpful. Tower have got three blocks offshore Namibia and Zenith has received approval to trade on the Merkur market.

Tagged with: ,

Oil price, Hurricane, President, Sundry-Ithaca-Tower- And finally…

WTI $47.83 +50c, Brent $50.77 +55c, Diff -$2.94 +5c, NG $3.38 +8c Oil price The oil complex moved higher yesterday as Opec released official production numbers that indicated ‘overcompliance’ by its members and despite higher non-Opec supply gave a positive

Tagged with: , , ,

Oil price, San Leon, Range Resources, Sundry-Tower- And finally…

WTI $59.72 -$1.00, Brent $65.37 -$1.17, Diff $5.65 -17c, NG $2.89 -6c Oil price There is nothing much that I can see in the oil market at the moment that would give the price much of an upward movement except

Tagged with: , ,

Oil price, Tower/Premier/Taipan, Gulfsands, UK onshore. And finally…

WTI $60.34 -82c, Brent $60.22 +1c, Diff $9.88 +83c, NG $2.95 Oil price With such little company news around I wasnt going to do a blog today but there a few things going on with the oil price worth commenting

Tagged with: , , , , , ,

Oil price, Oil Council, Halliburton/Baker Hughes, Sundry-Salamander-Aminex-Tower-San Leon-Enteq and finally…

WTI $75.64 -18c, Brent $79.31 -10c, Diff $3.67 +$1.95, NG $4.34 +32c Oil price Traders tell me that physical markets will remain quiet ahead of the Opec meeting next week, with that meeting happening on Thanksgiving Day and the thinly

Tagged with: , , , , , , ,

Oil price, Gulf Keystone, Faroe, Enteq, Range Resources, Tower Resources, Sundry – Shelf- Tangiers, And finally…

WTI $106.53 +$2.13, Brent $113.02 +$3.07, Diff $6.49 +94c, NG $4.76 +25c Oil price Further violence in Iraq yesterday has created what oil markets hate the most, uncertainty and geopolitical tension. Prices as you can see have escalated and this

Tagged with: , , , , , ,
Top