Figures from Chariot in line, Wentworth better than guidance, Savannah are continuing to deliver the goods and Eco are ahead of schedule at Gazania.
Oil was up on the week but faded late in the day after the US CPI came out which trashed markets but rallied the dollar ahead of the Fed meeting tomorrow. Wentworth has announced the proposed acquisition of 25% of Ruvuma from Scirocco both are covered here. DEC confirm that juicy dividend in pence today and Orcadian announce draft FDP and farm-out process for the Pilot development.
Flash blog so comments on results from Wentworth, an addition to those from IGas. Chariot have got support from the Port of Rotterdam on green hydrogen and Eco announce a raise of just under £20m.
Another up week after the late rise on Friday, The Ukraine increasingly in the mix. Today we look at Wentworth Resources where the CPR has shown plenty of upside. President has put down a good year given its drawbacks but plenty to go for.
Flash blog, Wentworth Resources update.
2022 Bucket List.
The prospects remain healthy for oil stocks going into 2022. Malcy looks back and discusses the prospects for the year.
The 2021 Bucket List results.
Oil is down again today as the Omnicron variant runs rampant and countries increase lockdown arrangements. Kistos has commented on a press comment that it may be in discussions with Total re West of Shetlands gas assets and Savannah has updated on its approval of its Niger licences and expects news soon on its Admission Document and return from suspension. Zephyr announces that it has a short delay in its Williston Basin acreage acquisition and Genel farms out in Somaliland. Finally Wentworth has announced that it has started the buyback that it launched on Friday.
Oil is Omicron trading, yesterday the Fed didnt change rates nor did the ECB today but the UK added a quarter of a point. A fabulous update from Wentworth with all parts buzzing, PetroTal also lit up the market with its 20/- b/d becoming reality and UJO gave an exciting review of Wressle. Petrofac and Hunting held up the star of the oilfield services sector with upbeat statements and Jadestone and Orcadian were as positive as usual.