Tag: Trinity Exploration & Production

Oil price, Trinity, Solo, Cairn, GKP – And finally…

Oil prices continue to rise as new Minister ABS prepares to try and keep the oil market tight. Results today from Trinity are excellent with much more to come and they show a clean set of heels to the peer group. Solo has sold its Burj investment, important as it concentrates on building the business in higher growth markets. GKP results were good but saw a lower production figure which has led to a fall in guidance, never good but mainly due to increased investment in the plan to go to 55/- b/d at Shaikan and still has a large capex and dividend + share buy-back. Cairn figures very much in line with excellent operational featuring Catcher…

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Bucket list 6 month update.

Today is the interim Bucket List with a look at performance since February, the good the bad and the ugly and with two stocks dropping out to be replaced in the list.

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Oil price, Trinity, President – And finally…

Oil is calm at the moment, TS Barry has gone and production from the GoM has restarted and refineries are getting back up to speed. Economic news from China is mixed though giving the bears something to worry about. In company news two of the most undervalued, cheapest and well managed stocks have updates today and they both have excellent news to report. Trinity is embarking on a second half of exciting drilling with 8 wells including their first High Angle Well. For President they too are using practices from the world wide oil industry as they frac the Puesto Flores field with great success. I expect both companies to deliver the goods not only in H2 but for the foreseeable future.

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Oil price, Trinity, President, SOCO, Sound And finally…

Oil under pressure as US inventory data takes over from supply shortages although Opec are still expecting to keep supply restrictions at the next meeting. A good, positive statement from Trinity who have an exciting year ahead of them not least their first high-angled well. Also good news from President where production is scheduled to continue to rise by at least 50% in the next two years after a $50m fully funded work programme. SOCO has brought on its recent acquisition in Egypt which will soon match Vietnam for production and with a dividend payment and strong management looks good. Finally Simon Davies returns to the Chair at Sound Energy and at a key time for the company.

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Hurricane, Trinity, Hunting, Serica, Enteq

Hurricane has spudded the first of three wells in the Greater Warwick area, carried by Spirit. Trinity has an update which follows fast on the results statement but draws attention to the potential of the HAW rollout. Hunting are very much in line, still all guns blazing (!) in the onshore US but still slow offshore. Finally diehard followers of Enteq get a bit of good news, trading is buoyant.

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Trinity, Rockhopper, Pantheon

Good results from Trinity this morning and I had a very positive meeting with the board afterwards. Rockhopper has made great strides forward with regards to Sea Lion and shareholders can genuinely get excited about progress to development stage. Finally Pantheon has had a major disappointment in Alaska with both secondary targets being either water wet or not worth testing, two dusters leaving only the modest Brookian to try and become commercial.

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The bucket list update.

The updated Bucket List, widely differing performances but I remain confident about the picks in the main.

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Trinity, Genel

A very late blog today, apologies for many meetings and lousy internet opportunities, will follow up tomorrow.

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Oil price, Trinity, Sound, Reabold, Columbus And finally…

Oil prices remain weak as sanctions start today. Trinity start the process on Galeota with the first phase of the FDP and Sound are at 2nd casing point at TE-9. Reabold announce another investment, this time onshore UK and Columbus are set to leave La Lora to decommissioning fate in Spain.

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Sound, Trinity, Amerisur

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.

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