Oil is unchanged today after settling down post the inventory stats. Today, Zephyr announce production from the Williston ahead of Paradox drilling whilst Hunting unveil very good figures. Finally after further drilling problems Beacon have raised money to drill a side-track in Germany.
A third up day after an up week but the market is actually very quiet, API stats mixed ahead of the EIA numbers today. Zephyr are on the move at the Paradox after final permitting and PetroTal announces its dividend. Europa get an extension at Cloughton and Jadestone complete on CWLH whilst I update on Deltic after talking to CEO Graham Swindells.
The Serica Capital Market event continues and it was pleasing to see CEO Mitch Flegg buying shares in the market yesterday. Touchstone has announced that the Cascadura 2 well,. despite not quite completing was a significant success and Zephyr has updated with a small weather delay but good progress is being made at the Paradox well site.
Oil is steady after the rally but still tense. Today I look at Zephyr who update and Wentworth as it nears the end, also I update on Challenger after a chat with Eytan.
Oil remains quiet, a weak dollar as rates remain at these levels. Today DEC has another strong update and yields 20%, Zephyr add the flows from the Williston Basin and Eco Atlantic get the OK in Guyana.
After a fall yesterday that coincided with the expiry of the December Brent contract today oil has recovered a bit more. Today Zephyr update on the Slawson wells and its RBL redetermination whilst United Oil & Gas gives up on quattro and the Maria sale. Finally Prospex updates on Italian production.
Oil is up another dollar and a half today as Sleepy Joe visits Israel. Arrow announce huge exercises of warrants and the most recent well spud. Zephyr update on the Paradox and a fam-in and UJO and EOG announce that Wressle work is nearly done.
Oil is quiet today after a good week as the quarter ends. Today I look at Savannah with results as do Zephyr, Scirocco, SDX, Beacon and Tower. IOG have taken the plc into administration and I look at Prax after the first payment to DCU holders.
Zephyr continues to deliver revenues from its non-operated portfolio and with the well at the Paradox Basin about to test there is meaningful upside.
A good week for oil but is slightly weaker today as the API stats were a bit mixed. Today I look at the AGM statement from Zephyr which is full of confidence and at Molecular Energies ahead of drilling in Paraguay.