Oil price, Sound, IOG, DEC, Pharos, UOG. And finally…

Oil has rallied in thin volume ahead of the year end and trade will get thinner as the week goes on. Today I look at Sound as it completes its Phase 1 loan note funding and IOG as they have slight technical problems at Southwark. DEC has completed the sale of the Haynesville undeveloped acreage and Pharos gets the almost final OK in Egypt. And UOG has another success in Egypt.

2021-12-29T13:23:11+00:0029 December 2021|Categories: Daily Blog|Tags: , , , , |0 Comments

Oil price, PetroTal, UOG, Jadestone, President, Block, Pharos, . And finally…

Oil rallied and then some after the US invoked sales from the SPR handing advantage to Opec+ ahead of the Dec2 meeting. PetroTal has some local difficulties in Peru and UOG have an extension in Jamaica. Jadestone take another 10% of Lemang and President announce a bond issue. Block has announced that gas sales from well KRT-39, located in Block XIB, have commenced and I interview Ed Story, President and CEO of Pharos Energy.

Oil price, Orcadian, Longboat, Getech, UOG. And finally…

Oil remains strong and unlikely to change much under current circumstances. Orcadian has done a smart farm-out deal on the Carra prospect and this management team are worth a look at. Longboat announce that the Rødhette exploration well is a discovery but 'at the lower end of pre-drill expectations'. Getech continue to move fast and have made a meaningful signing whilst UOG update on production.

2021-10-11T16:23:33+01:0011 October 2021|Categories: Daily Blog|Tags: , , , |2 Comments

Oil price, Genel, Challenger, Falcon, UOG, Advance, Serica.

Oil remains flat as one might expect on Labor Day, traditionally the end of the summer driving season. I look at Genel with its latest payments from the KRG as well as newly licensed Challenger. Years of patient waiting for Falcon in Australia appears to have brought success at Beetaloo and a guidance warning from UOG as they find too much water at ASH. Finally Advance are nearly ready for Buffalo-10 and Serica are making out like bandits as the Rhum well comes in very well indeed.

Oil price, Challenger, UOG, Longboat. Bruce Dingwall. And finally…

Oil was flat last week in the end, but is down today on further bad Chinese economic data. Challenger updates on conclusion of the legal case, an update on findings post the P-1 well, discussions with the Government on licence extensions and a farm-out process. UOG has spudded its latest exploration well in Egypt and Longboat update saying that with approval from the Norwegian Energy Ministry they expect to complete the farm-in on 1st September this year. Finally today sees the Service of Thanksgiving for Bruce Dingwall. RIP

2021-08-16T10:43:21+01:0016 August 2021|Categories: Daily Blog|Tags: , , |2 Comments

Oil price, Tower Resources, UOG/Prospex. And finally…

A bounce in crude oil today after worries about Covid cases in Asia led to worries about Chinese economic growth. Tower Resources has announced it is in HoT to farm-out 49% of the Thali PSC which is great news for them. Also UOG has sold its stake in Selva in Italy to Prospex Energy which is using borrowed money to pay for it, are you sure...?

2021-08-10T10:21:28+01:0010 August 2021|Categories: Daily Blog|Tags: , , |0 Comments

Oil price, Angus, Jadestone, UOG. And finally…

Last week oil continued its upwards progress by a bit more than a dollar even after the Brent September contract expired at the weekend. Angus has put out a comprehensive operations update which makes the progress achieved by the management this year very solid indeed. Jadestone has completed its Peninsular Malaysia assets of Sapura and UOG has had a success at its AJ-8 development well in Egypt.

2021-08-02T15:23:04+01:002 August 2021|Categories: Daily Blog|Tags: , , |0 Comments
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