Oil price, UJO/Reabold, Rockhopper, Longboat, IGas, Egdon. And finally…

Oil gained but gave back most of the gains at the end of the day. Union Jack and Reabold both flag the West Newton CPR due next week and Rockhopper completes the Navitas farm-in. Longboat look like they might have a discovery at Oswig but need a side-track and DST to confirm preliminary numbers that are better than pre-drill estimates. Finally, IGas and Egdon have both written thank you letters to that nice Mr Rees-Mogg for his relaxation of shale regulations.

Oil price, UJO/Europa, IGas/Reabold, Sound, Coro, Getech. And finally…

Oil bounced after signs that the Iran deal isnt iminent and Europa borrowed £1m from UJO, Coro have good news from Duyung and I take a fresh look at Sound Energy after yesterday's numbers. Both IGas and Reabold laud the Government's moves on fraccing etc and Getech make a big hire.

Oil price, Union Jack, Angus, Scirocco, Coro, Echo. And finally…

Oil fell as bad economic news and no cessation of output from Iraq worried markets. Union Jack have paved the way for a payout, Scirocco are almost home and dry as are Angus. Coro move one step forwards in Vietnam and Echo get breathing space for putting results out.

2022-08-31T17:24:37+01:0031 August 2022|Categories: Daily Blog|Tags: , , , , |0 Comments

Oil price, Sound, UJO, Scirocco, Prospex, Lamprell, Kosmos.

Oil rallied and again today after a deal has been put to Iran regarding sanctions. Today Sound have updated from Morocco and detailed a farm-out process as well as a drilling programme.Union Jack has detailed the court process for the reduction and potential for dividends. I catch up on news from yesterday, Scirocco in Tanzania, Prospex, Lamprell and of course Kosmos.

Oil price, DEC, San Leon, Touchstone, UJO/Egdon. And finally…

A bad week for oil but who has forgotten just how tight the fundamentals are...? Results from DEC were predictably very good as usual and San Leon progresses in Nigeria with shareholder approval. Further excellent news from Touchstone, twice in a week is incredibly good news for them and UJO and Egdon try again for planning in Lincolnshire.

Oil price, Genel, San Leon, Union Jack, Rockhopper, Advance. And finally…

Oil rallied, a weak dollar ahead of the Fed meeting helped. Gas is looking even tighter as Russia is cutting Nordstream 1 gas to 20% of capacity. Genel announce payments from the KRG, San Leon note that Decklar is looking to open up production, and Union Jack appoints new additional firepower. Rockhopper sees good news on Sea Lion, Advance raises money today.

Oil price, Kistos, Serica, Union Jack, Hurricane, President, Echo. And finally…

Brent is opening up a gap over WTI slowing refining in the US after demand for gasoline has slowed. Kistos and Serica have carried on with their battle and Union Jack has yet more good news from Wressle. Hurricane has unsurprisingly paid off the debt and it's all change at President with the set up of Green House Capital starting with Lithium and Echo has updated the market.

Oil price, Union Jack, Angus, Arrow, Predator, Trinity, SDX.

Another rally from oil after the comments about Opec+ production crept into the market. At Union Jack the capital reduction update paves the way for a dividend. Predator have FY 2021 figures and Angus are very close to first gas at Saltfleetby. I speak to Marshall Abbott, CEO of Arrow Energy Corp which is highly illuminating and Trinity starts a six well drilling programme and SDX spud MSD-23.

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