A good day for crude as talks at the White House progress. DEC have had their debt redetermination approved and Petrofac has won another $1bn of work in Algeria. UOG have extended the long stop date for the Quattro deal, again and I talk to the interests close to the Egdon deal yesterday.
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 drifted as the greenback rose, Chinese data though is picking up...Today IOG have some operational problems, nothing that hasnt been seen before though. Southern Energy release full year results, nothing to add to recent updates but holding back some production until prices rise again. Angus gave a brief update but all appears well at Saltfleetby whilst Afentra are looking good in Angola with things on the move there. Finally Hurricane updated, Prax still waiting there and UOG confirmed yesterday about extending their own long-stop date.
Oil added 5 buck yesterday and almost another one today after the Opec move. United spudded ASD-3 and Predator are moving to construct the pad and platform for MOU-3.
DEC report another excellent set of numbers and yielding 15% I expect good income and capital growth from here. United Oil & Gas is bringing onstream the better than expected ASH-8 and Eco Atlantic is starting to go forward in the Orange Basin. Longboat have results and Beacon Energy are appearing with a raise and acquisition.
Oil even yesterday as inventory stats were better than the API. Today PetroTal publish ESG data, GKP receipts from the KRGand UOG update in detail. Finally Trinity have announced that they are going to drill the Jacobin well which would be a significant one.
Oil was shut yesterday but has rallied today as the movers and shakers head for the Alps. Genel gave a solid and in line trading update and Union Jack and Egdon have updated Wressle. With UOG resurrecting the Quattro deal but at a higher price they can reward patient shareholders with a modest buy back.
Oil rallied strongly as despite the inventory stats I mentioned yesterday oil jumped on economic news and potential further sanctions against Russia. Today Wentworth updates on the takeover by M&P and Afentra update on Angola. Pharos has an extensive reading and operations update and UOG have some encouraging numbers on Maria.
Oil fell sharply after worries that despite opening up, China would not grow for a while... Union Jack have further revenue from Wressle and UOG has had a duster at ASW-1X. IGas has appointed a new independent NED but so far no CEO and PTAL remind us that their management will be in London on the 19th of January.
Oil fell yesterday, as the market got panicked about the Fed raising rates again. Touchstone has raised money in England and Canada ahead of the run-in to Cascadura and Royston. Scirocco chat about life after Ruvuma ahead of Capital Markets day tomorrow whilst Echo keep us hanging on and UOG spud the ASW-1X exploration well.