Oil continues to rise, up over a dollar and change this morning. US and Chinese economic data is trumping virus worries now and the US is opening up. Today Zephyr have a very positive statement out with revenue already coming through, Far has announced a new CFO in July and Helium One completes 2D seismic. Trinity have made an onshore acquisition and SDX kick off the Moroccan drilling campaign.
Oil is flat, the market thinks it knows the result of tomorrow's Opec+ meeting and is levelling its books on the last day of the month and the quarter. Lots of news today, PetroTal update on sales and risk, Touchstone have a disappointing well and there are good figures from GKP. President remain upbeat as are Tower and Advance makes its debut in London. Finally I interview the Zephyr CEO.
Malcolm Graham-Wood talks to CEO of Zephyr Energy, Colin Harrington. The company has recently seen a substantial raise in the London market, and Colin talks us through this activity and ...
Oil quiet but up around 50 cents as I write and last week was flat. Today IOG have announced a technical update at Goddard and Abbeydale whilst Union Jack invests in Piper & Claymore. At Zephyr they announce further significant progress at the Paradox Basin.
After all the Hullabaloo oil was even last week, today however it has tipped upwards again. I look at Chariot who have signed a collaboration Agreement with Subsea Integration Alliance for Anchois. Angus Energy are positive after news that their loan has seen substantial subscription. President update on 2020 and give guidance for 2021 whilst Echo publish their bond restructuring details.
Oil is steady after a wobble yesterday caused by vaccine mess ups from the EU and Biden taking an anti Saudi stance., Zephyr has update from 16-2 in a very positive manner with hydrocarbons at all levels. And Aminex get rid of the CEO and another NED and go into dormant stance.
Oil pretty much unchanged last week, better GDP news from China was offset by more Covid cases there. Savannah have another very positive update and new 2021 guidance. Confidence from Zephyr and I'm not surprised as the upside is substantial. Angus are getting into the legal and corporate strokes on Saltfleetby.
Oil is already rallying and its a busy blog with Genel updating the market, and PetroTal completing an agreement with Petroperu as well as Kosmos making a discovery in the GoM. Also Remus comment on their current targets whilst Falcon have confirmed a discovery in Australia. Finally I interviewed Colin Harrington of Zephyr, surely a ten bagger in a short time...?
Oil drifted yesterday and is down around 40 cents today. Wentworth is looking very strong and worth a look, Zephyrs State 16-2 well looks like it has come in and Hurricane updates the market. Lamprell has announced good numbers and a strategic reorganisation. Pantheon has spudded an appraisal well chasing a billion barrels and Tower has raised £1.25m to pay off the Shard facility..
Oil is still strong this morning after 2020 showed a fall of $12.54 in WTI and $14.20 on Brent. Updates from JOG who has settled the TGS matter, IGas who detail the updated RBL and Zephyr who brief on 16-2 and 2021 outlook.