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

Oil price, Genel, Savannah, VOG, GKP

Oil is still under pressure, no surprise there but markets have continued to bounce, partly as Gilead has announced promising results on COVID-19 treatment. Genel has received payment of invoices by the KRG who have proposed a payment structure whereby all payments will be made in due course. Savannah Petroleum is no longer, Savannah Energy more accurately reflects the increasingly diversified asset portfolio in Nigeria. VOG has received some payments from ENEO and the new CEO is under way with a ...strategic review. Finally as with Genel GKP has a payment from the KRG.

Oil price, IOG, Premier, Reabold, Tower, BPC, President, VOG, Pharos, SDX -And finally…

It seems that despite the occasional up day like today most are down, except the shipping market which is like Christmas Day at the moment. Today i look at iog with a very decent plan for the project, Premier which like others is struggling, Reabold with cheap production in California, Tower an up to date CPR, President with prices in Argentina might be sticking, VOG with new CEO Roy Kelly, Pharos looking ok but Egypt might take the brunt and a success for SDX. And BPC who have delayed their well...

February Bucket list update…

It's Bucket List time and the February update is out today, cue trauma.....

Bucket list 6 month update.

Today is the interim Bucket List with a look at performance since February, the good the bad and the ugly and with two stocks dropping out to be replaced in the list.

Oil price, Echo, Amerisur, VOG, Eco, Reabold, Egdon, Union Jack, EOG – And finally…

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..

Oil price, JOG, Amerisur, Providence and Lansdowne, VOG – And finally…

Oil rallies sharply this morning after a bad week but one that ended with Iran seizing a British ship. JOG have been awarded a 'transformational' deal by securing the Greater Buchan area close to Verbier. Amerisur reveal that Maurel & Prom are the bidders but at 17p is far too low, Providence and Lansdowne yet again extend the deal for Barryroe as the money from APEC still hasn't arrived and my sources including Jamie Nimmo suggest that VOG is about to announce a whopping contract...

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