Oil price, IOG, Serica, Predator, Orcadian, Harbour, SDX, Hurricane, Prospex, Zenith. And finally…

Oil started flat but has gained 5 bucks this morning so far. As we plough into results season where we learn almost nothing today sees announcements from IOG, Serica where production is back, Orcadian with debut numbers, Harbour also reporting SDX bringing on a well, Hurricane with its monthly report, Prospex upping power in Spain and Zenith raising money just about sums it up...

Oil price, Chariot, Zenith. And finally…

The Saudis pulled the wool over the eyes of The White House and oil is up 2 1/2 bucks today after the Opec+ meeting didn't finish. Chariot has raised $9.5m plus what's in the Open Offer and it was oversubscribed with new, existing and management all in. Shell make a tactical exit from Cambo and I interview Andrea Cattaneo CEO of Zenith Energy

2021-12-03T14:57:59+00:003 December 2021|Categories: Daily Blog|Tags: , , |0 Comments

Oil price, PetroTal, San Leon, Eco Atlantic, Zenith. And finally…

Oil is up over $3 this morning as Opec+ meet later in the week to decide whether to cut back their monthly 400/- b/d increase. The discovery of the Omicron Covid variant has worried markets and may dent demand somewhat but Thanksgiving certainly showed plenty of excess. Today I mention an earthquake in Peru which has not affected PetroTal and another delay for the San Leon paperwork. Eco Atlantic report of a share purchase by CEO Gil Holzman and Zenith are continuing with activities in Africa.

2021-11-29T13:33:28+00:0029 November 2021|Categories: Daily Blog|Tags: , , , |2 Comments

Oil price, Sound, Savannah, President, Gran Tierra, Zenith. And finally…

Oil is a bit better today, lots of big boys and girls meetings this week. Sound confirm extension of Phase 1 LNG SPA until 30 November and Savannah has commenced gas sales to First Independent Power Limited's power plant, FIPL Afam, in Nigeria. President announce the new CEO for Atome and results from Gran Tierra and a raise from Zenith.

2021-11-02T14:47:14+00:002 November 2021|Categories: Daily Blog|Tags: , , , , |4 Comments

Oil price, Zephyr, Longboat, President/Atome, Lamprell, Arrow, Zenith. And finally…

Oil motors into the news week with gains as I write of over a dollar. Today Zephyr are on target at the Paradox Basin and are expecting to test starting today, meantime Longboat have a 'material discovery' at Egyptian Vulture. President announce that subsidiary Atome with its hydrogen expertise is to be floated off to the potential benefit of President holders. Lamprell announce a medium sized contract and the Aim market welcomes Arrow Exploration which starts dealing in London today. Finally Zenith Energy announces a successful workover at ROB-1 onshore Tunisia.

Oil price, JOG, UJO/Reabold, Sound, Hurricane, Lamprell, Eco Atlantic, Zenith. And finally…

Oil recovered last week's fall and was picked up on Mexican production loss and of course Hurricane Ida. Today I look at JOG on electrification, UJO and Reabold with exciting news from West Newton and Sound who have completed the Schlumberger deal. Also Hurricane announce an offer for the bonds, Lamprell update on recapitalisation and Eco Atlantic spud the Sapote-1 well and Zenith sign an agreement in Nigeria.

Oil price, Sound, Cairn, Zenith.

Oil fell again as the worries about Covid continued and President Trump failed to sign the Covid financing Bill. Sound has pulled off an excellent deal with Italfluid for the mLNG plant. Cairn has won its tribunal case in India and has been awarded $1.2bn plus tips. And Zenith has been selected for the Tilapia oilfield in the Republic of The Congo.

2020-12-23T11:11:09+00:0023 December 2020|Categories: Daily Blog|Tags: , , |2 Comments

Oil price, Predator/CERP, JOG, DGO – And finally…

Oil and equities remain subdued whilst the population stays at home, literally. Predator and Columbus have successfully injected CO2 in Trinidad which could be most exciting for the future. JOG are doing a great job at the Greater Buchan Area having acquired Equinor's interest fora modest sum. They are putting a great team together here. DGO are trading in line with market expectations ahead of results in March.

Oil price, Echo, DGO, PetroTal, Touchstone – And finally…

Oil recovered yesterday after initially falling on an API report that showed a build in stocks, the subsequent EIA report showed a draw of 1.1m barrels and oil recovered to be roughly even on the day. Echo has announced that its rig is on the move and should be ready to drill the CLix-1001 well by the end of December. DGO has announced a new NED as well as announcing that the 2Q divvi will be paid on 20th December and a sterling equivalent of 2.65p a share. PetroTal has also appointed two new NED's after recently the Chairman of the Board moved to the non board position of CFO. And Touchstone announce that the Coho-1 well has produced well making it a red letter month for the company.

Go to Top