Tag: Union Jack Oil

Happy Thanksgiving and whilst today and Black Friday means very little trading in oil markets until Monday it is a time of the year fraught with risk especially with the Opec+ meeting next week. I welcome Longboat Energy to the market with its former Faroe management and talk about Jadestone, also with a very high quality team. With Bahamas Petroleum preparing for 2020 drilling they are starting the necessary steps for local investors and the environmental needs.

Tagged with: , , , , , , , , ,

At newly renamed iog there are some management changes as well as the name and yesterday the full executive team gave a presentation to city analysts. Today sees Cairn exiting Norway and Union Jack raising more money for West Newton and other projects.

Tagged with: , ,

Oil rose slightly again on Friday after dreams of a trade deal but no sign of anything yet. Today Genel announce that their farm-out onshore Somaliland is underway after buying in the 25% balance from East Africa Resource Group. Reabold and Union Jack announce that operator Rathlin have upped their numbers quite substantially and confirm that the discovery is primarily oil which should when the CPR comes out deliver significant value.

Tagged with: , ,

On the move today will cover more later, in the meantime DGO confirms that the EdgeMarc Energy deal has been approved adding a modest but valuable portfolio to the company. Reabold and Union Jack have announced that testing at West Newton has resulted in what represents a potentially significant oil and gas discovery. This should be transformational for both companies. Finally PetroTal has 2Q figs but subsequent events are pushing the company fast forward with much more to come.

Tagged with: , , ,

Oil finished the week better but is a touch easier today. Predator has announced moves today in both Trinidad and Morocco and Tullow with Eco Atlantic have made a bonanza find offshore Guyana. Reabold and Union Jack have started testing at West Newton.

Tagged with: , , , ,

Last week oil prices edged up only by a few cents and the battle remains between Geo-politics and stuttering GDP numbers. Today, Echo Energy announce further progress in seismic data processing in Argentina with drilling still planned for 4Q of this year. Amerisur have a regular update on operations with the Sol-1 well confirmed as a ‘modest discovery’ and Indico-2 next to be drilled. Production remains in line with guidance. VOG confirm last weeks’ rumours of a huge deal selling gas to Aksa Energy and Reabold have exciting wells to drill in west Brentwood. Eco Atlantic are cheered by Qatar Petroleum farming into Guyana and Tullow asking for an extension to the Jethro drilling programme. Good news also for the Wressle oil field participants..

Tagged with: , , , , , , ,

Oil ended up firmly last week as inventories fell, the Middle East flared up and Tropical Storm Barry hit the GoM. Today Lekoil deliver an update, fairly news-lite and Egdon and Union Jack find oil at Biscathorpe which had seemed dry.

Tagged with: ,

Oil prices are quiet ahead of G20 and the ensuing Opec+ meeting. I talk about Savannah Petroleum this morning as the completion of the Seven Energy deal nears, I also discuss IGas and their appeal being called in, Rose with a strengthening of management and Union Jack on the raise. I talk about the SDX well in Egypt and give links to an interview with Peter Levine and my Podcast with Doc Holliday of TMS.

Tagged with: , , , , , ,

As always oil is playing a roller coaster game, caught between politics and fundamentals. This morning the price has eased by around 50 cents. Today I look at Amerisur who have announced a success at Sol-1 and a disposal of 50% of PUT-8 to Occidental which makes a lot of sense. Also Reabold and Union Jack have had a huge discovery at West Newton which could be not just gas but a decent oil find as well, transformational, I should say so…

Tagged with: , ,

A topsy turvey week for oil as US trade wars now with Mexico spook markets and inventory figures show products building. Savannah Petroleum have moved a stage closer to completing the seven Energy deal with the UERL buy-out being closed and good progress elsewhere. I catch up with the Jadestone Energy figures and they look to be progressing very well. UOG have a new CFO but with much experience and i talk to Doc Holiday about oil stocks.

Tagged with: , , , , , , , , , , , , , ,
Top