Oil remains weak, proper action will be needed on Dec 6th. More good news from President with another good well and it looks like more to come, Hurricane’s Aoka Mizu has paused in Spain for re-crewing, refueling and some minor repairs. With Wick and Colter now in sight Reabold, Upland and United Oil & Gas are ready for action. Providence Resources have pressed the button and partners have approved the budget for Dunquin South. Meanwhile over at Velocys its change the guard again and there is much to do.
A quiet start to the week with oil up around 40+ cents today after last weeks gains. I look at Frontera who have problems with Yorkville but operationally looking pretty good. Also Reabold and Upland are now shortly able to spud the Wick well and Soco adds a new RBL plus an accordion.
A small rally in the oil price yesterday and again today. SDX has further success at South Disouq, VOG are fighting back in Cameroon whilst Faroe are trying to repel Norwegian boarders. IOG has raised the money for the Harvey well from London Oil & Gas.
With the oil price all over the place I look at the Opec report, I also look at another excellent discovery from Savannah in Niger and write up my chat with Dr Steve Staley of Upland Resources. I also chatted to Andrew Austin Chairman of RockRose and met with Eytan Uliel of Bahamas Petroleum. Plus two links to this week’s interviews.
Tagged with: Aminex
, Bahamas Petroleum
, Genel Energy
, Hurricane Energy
, Jersey Oil & Gas.
, President Energy
, Reabold Resources
, Rockhopper Exploration
, RockRose Energy
, Savannah Petroleum
, SDX Energy
, Sound Energy
, Upland Resources
, Victoria Oil & Gas
WTI $68.76 -$1.37, Brent $74.25 -72c, Diff -$5.49 +2c, NG $2.78 -1c Oil price A bit same old, same old yesterday with one exception as chatter about talks between the USA and China on trade which might boost oil demand…
WTI $66.36 +26c, Brent $75.88 -58c, Diff -$9.52 -84c, NG $2.94 -1c Oil price Well, you can as they used to say, you pays your money and takes your choice with regard to what might happen in the oil market…
WTI $62.39 +84c, Brent $65.67 +83c, Diff -$3.48 +32c, NG $2.64 +8c Oil price IP Week started more with a whimper than a bang, what with the US shut for GW’s birthday it seemed that traders were focused more on…
Malcy talks about the following stocks: Hurricane Energy #HUR, Faroe Petroleum #FPM, Saffron Energy #SRON, Reabold Resources #RBD, United Oil & Gas #UOG, Upland Resources #UPL and Baron Oil #BOIL
WTI $57.47 -89c, Brent $62.45 -$1.28, Diff -$4.98 -39c, NG $2.98 -8c Oil price Yesterday was a little bit like the day after the Lord Mayor’s Show, after the Opec meeting and the rollover of the agreement there was a…
Malcy talks about the following stocks: Sound Energy #SOU, Range Resources #RRL, Victoria Oil & Gas #VOG Reabold Resources #RBD, Upland Resources #UPL and Genel Energy #GENL