Announcements from Chariot in South Africa, DEC listing in the Big Apple and Kistos back in business in the Shetlands. Also Wentworth are nearly done, Serica has a very smart RBL, Deltic outline plans for next year and UOG tidy up in Egypt. With a raise from Tower.. and a poor result from Jacobin for Trinity thats all...
Oil is steady after the rally but still tense. Today I look at Zephyr who update and Wentworth as it nears the end, also I update on Challenger after a chat with Eytan.
Oil is down again and Wentworth are sorting out their scheme of arrangement. Pharos announce a dividend, a buyback and a net zero road map. Scirocco get a piece of the Corallian loot and Serica update on production etc,
Oil drifts today after Fed comments on next years interest rates warn that falls will be hard earned. Today Wentworth announce results which are highly creditable on the operating side with the M&P deal in the mix. Touchstone have a Capital Markets Day today and with Cascadura onstream the company is transformed. Finally, DEC has had its borrowing base increased from $375m to $425m.
Oil fell nearly 10% last week after the bank collapses maxed out the indices and commodities. Today I look at Zephyr who have started to test at the State well which will be exciting and Wentworth are trading just fine. Egdon looks good and Predator raised money for MOU-3 .
The 2023 Bucket List is published today, five companies are leaving one way or another and three are joining the group. The Oil and Gas prices both showed consistency in being virtually unchanged on the year although the prices changed at different times during it, see the charts. The blog also announces how the 2022 list fared.
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 is quiet as managers trim positions ahead of the break. Today sees another upbeat operations update from Arrow Exploration and San Leon repeat the Decklar news. I note the Wentworth comment and cover the interesting news from COPL on Wednesday.
Oil was up last week and stronger again today, Opec+ didn't change the deal and the EU seaborne oil and the G7, EU and Australian price cap came in at $60. Wentworth has announced an agreed takeover by Maurel & Prom and Angus are working hard at Saltfleetby. At Serica Eigg is non-commercial but trading remains strong and Petro Matad still have no luck at XX but are hopefully drilling Block V next year
Oil fell on China Covid worries, good figures from Wentworth and a small delay for San Leon on technical grounds. Scirocco are one step nearer the new go and Reabold say that the Corallian deal will go ahead.