Zenith Energy Archives - Malcy's Blog

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.

Malcy2021-08-31T17:49:46+01:0031 August 2021|Categories: Daily Blog|Tags: Eco Atlantic Oil & Gas, Hurricane Energy, Jersey Oil & Gas., Lamprell, Reabold Resources, Sound Energy, Union Jack Oil, Zenith Energy|0 Comments

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.

Malcy2020-12-23T11:11:09+00:0023 December 2020|Categories: Daily Blog|Tags: Cairn Energy, Sound Energy, Zenith Energy|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.

Malcy2020-01-27T14:03:28+00:0027 January 2020|Categories: Daily Blog|Tags: Block Energy, Columbus Energy Resources, Diversified Gas & Oil, Eco (Atlantic) Oil and Gas Ltd, Jersey Oil & Gas., Longboat Energy, Predator Oil & Gas, Premier Oil, Rockhopper Exploration, RockRose Energy, Tullow Oil, United Oil & Gas, Zenith Energy|0 Comments

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.

Malcy2019-12-19T09:44:37+00:0019 December 2019|Categories: Daily Blog|Tags: Anglo African Oil & Gas, Chariot Oil & Gas, Coro Energy, Diversified Gas & Oil, Echo Energy, Eco Atlantic Oil & Gas, Hurricane Energy, PetroTal Corp, Predator Oil & Gas, Premier Oil, Reabold Resources, Rockhopper Exploration, Savannah Petroleum, Touchstone Exploration, Tullow Oil, United Oil & Gas, Zenith Energy|0 Comments

Oil price, Coro, Zenith, Range Resources/Star Phoenix, Angus – And finally…

Oil remains firm ahead of the Opec+ meeting on Thursday, much still can happen before then...I look at Coro and Zenith where the former has sold its Italian assets to the latter, also Coro is looking for a further extension for the Bulu agreement. Range Resources is now Star Phoenix Group with ticker STA and I catch up with Angus Energy and talk about Saltfleetby.

Malcy2019-12-03T11:18:49+00:003 December 2019|Categories: Daily Blog|Tags: Angus Energy, Coro Energy, Range Resources, Star Phoenix Group, Zenith Energy|3 Comments

Oil price, Amerisur, Trinity, JOG, Reabold, Zenith, BPC – And finally…

Oil is better today but likely down to further escalation of events in the Middle East. I note the RNS from Amerisur who note that the FSP is drawing to a close and for bidders to open their cheque books. Trinity say that the Trinidad budget is a net small loser but has opened the discussion on SPT which should help. Jersey Oil & Gas had a highly successful Capital Markets Day, after which I interviewed CEO Andrew Benitz. And I mention RBD, ZEN, and BPC.

Malcy2019-10-11T14:28:07+01:0011 October 2019|Categories: Daily Blog|Tags: Amerisur Resources, Bahamas Petroleum, Jersey Oil & Gas., Reabold Resources, Trinity Exploration & Production, Zenith Energy|0 Comments

Oil price, Petro Matad, IOG, Touchstone, Zenith – And finally…

A huge rally yesterday, all given back this morning after another indifferent inventory situation. Petro Matad have got provisional approval for the Heron-1 well which should restart any time soon. IOG has brought forward and increased capex which should reward but also means the bond raise goes up from £70m to £88m. Touchstone results were as expected and Coho-1 is now the key, Zenith has also commenced drilling ops at Jafarli in Azerbaijan.

Malcy2019-08-14T13:39:07+01:0014 August 2019|Categories: Daily Blog|Tags: Independent Oil & Gas, Petro Matad, Touchstone Exploration, Zenith Energy|2 Comments

Oil price, Zenith, RockRose, DGO, Wentworth, – And finally…

Oil has dipped following the Fed rate cut and comments about a 'midcycle adjustment' worried markets. A catch up day today after a number of recent announcements and I look at Zenith who have today announced a funding for their current drilling campaign. I finish my comments on RockRose with a target price of £37.50 after looking at the numbers since their return from suspension. Last week saw a trading statement and an acquisition from DGO which I look at and I also went to see the Wentworth management team.

Malcy2019-08-01T14:50:59+01:001 August 2019|Categories: Daily Blog|Tags: Diversified Gas & Oil, RockRose Energy, Wentworth Resources, Zenith Energy|0 Comments

Oil price, Coro Energy, Zenith Energy – And finally…

Oil was weaker yesterday after spurious Iran talks and a set of product inventory stats that surprised the market. This morning Coro Energy has announced a smart renegotiation of its Bulu PSC acquisition extending the payment schedule and making best use of its balance sheet. Zenith are at long last ready to drill the C-37 well in Azerbaijan looking for 700 b/d.

Malcy2019-07-18T10:03:22+01:0018 July 2019|Categories: Daily Blog|Tags: Coro Energy, Zenith Energy|0 Comments

Oil price, Falcon, Zenith, RockRose And finally…

The oil price has another fall with the US inventories mainly to blame, Falcon have some good news from Beetaloo and Zenith raise a little more for drilling kit. I take a look at the RockRose statement from earlier in the week and conclude that despite being suspended all is well.

Malcy2019-05-03T10:37:17+01:003 May 2019|Categories: Daily Blog|Tags: Falcon Oil & Gas, RockRose Energy, Zenith Energy|0 Comments