The oil price remains on an upward trajectory, mainly due to Iran although the President doesnt see it that way… I look at figures from President, unsurprisingly excellent and cover news yesterday from Amerisur, Rose and Zenith. Plus links to Podcast and an interview with Andrew Knott, CEO of Savannah Petroleum.
Sound announces the award of production concession in Eastern Morocco a Key step in its journey to commercialisation of its gas discovery. I follow up briefly on news from Zenith Energy yesterday.
Malcy talks about the following stocks: Savannah Petroleum #SAVP, President Energy #PPC, Zenith Energy #ZEN, Genel Energy #GENL, Faroe Petroleum #FPM and Rock Rose Energy #RRE
The oil market shows signs of tightening, gas flows for Echo in Argentina, I write up a chat with Peter Levine of President Energy and look at Sound preparing to drill in Morocco, Zenith’s big plans in Azerbaijan, Reabold spuds in the US and United get seismic in Jamaica.
WTI $71.01 +68c, Brent $75.33 +88c, Diff -$4.32 +20c, NG $2.75 -4c Oil price With the rally of some sort at the end of the week, crude posted only modest falls after black thursday. WTI fell $2.79 and Brent $1.78,…
WTI $74.15 +70c, Brent $79.44 +$1.59, Diff -$5.29 +89c, NG $2.92 -2c Oil price A good week for oil with WTI up $5.57 and Brent up $3.89 for all the reasons written about at the time. As we head into…
WTI $68.58 +$3.o4, Brent $75.55 +$2.50, Diff -$6.97 -54c, NG $2.94 -3c Oil price The Opec and Non-Opec meetings on Friday and Saturday can best be described as trying to please everyone, a strategy that rarely works but the road…
Echo Energy Echo has announced a ‘potentially transformational’ light oil discovery at Fracción C in Argentina . At 2,460m in the Upper Jurassic Tobifera formation a significant column was found and gas and hydrocarbons were recovered. An early estimate of…
Malcy talks about the following stocks: Echo Energy #ECHO, Sound Energy #SOU, Savannah Petroleum #SAVP, President Energy #PPC, Amerisur Resources #AMER, Hurricane Energy #HUR, Empyrean Energy #EME, Frontera Resources #FRR, Zenith Energy #ZEN, Rose Petroleum #ROSE and Block Energy #BLOE
Tagged with: Amerisur Resources
, Block Energy
, Echo Energy
, Empyrean Energy
, Frontera Resources
, Hurricane Energy
, President Energy
, Rose Petroleum
, Savannah Petroleum
, Sound Energy
, Zenith Energy
WTI $65.95 +$1.22, Brent $77.32 +$1.96, Diff -$11.37 +74c, NG $2.93 +3c Oil price Oil prices got back down to $65 and $75 so it was time to rally and apart from the strong greenback most of the news was…