Oil price, Union Jack, Egdon, VOG, Zephyr, Hurricane, Advance, Getech, Jadestone. And finally…

With the month, quarter and interim ending tonight and the Opec+ meeting tomorrow books are flat ahead of the US Independence holiday weekend. Last night the API said that crude drew 8.2m barrels. VOG update on trading, Union Jack and Egdon announce a short delay at Wressle and Egdon has raise money this morning. Zephyr share their thoughts on Paradox, its bigger than you think...Hurricane heeded the High Court and the NED's have all resigned, the shares rose 25% on the back of that and Crystal Amber are vindicated. Positive news from Advance and Getech make up the pack...

Oil price, Challenger, Predator, VOG, Hurricane. And finally

Oil will be up strongly on the week and economic stats are pretty good. Challenger updates on the Saffron-2 well and Predator has raised £1.5m at 15p. VOG also announce positive news across the board and Hurricane walk away from the Aoka Mizu contract when it expires in the hope of getting a cheaper deal, if not that's it, all over...

Oil price, Genel, UJO/Reabold, VOG. And finally…

Yesterday oil got caught up in the market sell off and the great retail fight against the horrible hedgies. Underlying stock inventories were good and crude is up again today. Genel has received payments from the KRG for December production at Tawke and...Sarta! Union Jack announce a new technical presentation on West Newton which is very positive and Reabold announce a fund raise of £7.5m. Things are picking up slowly at VOG which I guess is how the new management would like to see it.

2021-01-28T14:06:05+00:0028 January 2021|Categories: Daily Blog|Tags: , , , |2 Comments

Oil price, VOG, Enteq. And finally…

Oil rose yesterday but ended up off the best of the day, today after a flat start crude is up around 50 cents. I talk about Victoria Oil & Gas where the new CEO and CFO are really getting to grips with the legacy issues very well indeed. I also mention an old favourite, Enteq Upstream with interims and who announce that the CEO and Founder Martin Perry is going to a NED role.

2020-11-12T15:14:58+00:0012 November 2020|Categories: Daily Blog|Tags: , |0 Comments

Oil price, Bahamas Petroleum, VOG, Providence. And finally…

Oil fell sharply again with the increase in virus numbers to blame. Today I look at VOG with results and update, and note a hopefully short delay at Barryroe....I also had a great opportunity to interview Simon Potter and Eytan Uliel at Bahamas Petroleum yesterday, the link is here.

2020-10-30T13:57:13+00:0030 October 2020|Categories: Daily Blog|Tags: , , |2 Comments

Oil price, Petrofac, VOG. And finally…

The oil price continues to rise in an unspectacular way. Today's bullish news is that Russia are claiming to have found a vaccine, indeed President Putin has said that his own daughter was one of the first to receive it although the testing programme has been relatively modest so far... Petrofac are remarkably upbeat after what has been a testing first half and confident that going forward they have made substantial, 'structural' cost savings and retain a strong balance sheet and a competitive cost structure in low cost production markets. VOG has appointed Rob Collins, a highly experienced industry player as their new CFO.

2020-08-11T13:27:52+01:0011 August 2020|Categories: Daily Blog|Tags: , |0 Comments
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