Oil was up on the day but might have been better after a mixed inventory bag brought prices down a touch. Zephyr Energy has announced that it is full speed ahead on the operations to prepare the site for the 16-2 well in the Paradox Basin and 9m results from SDX are in line with expectations.
Oil will be flat on the week after a reasonable day yesterday and a modest rise so far today. Still no signs of a stimulus but maybe its a Nov 4th rally...Aminex has announced the completion of the Ruvuma farm-out with all that entails and Scirocco have noted it with all that it means to them. Finally from yesterday further good news for Zephyr as the get the first Government payment for the Paradox well and have hired a very experienced drilling manager.
WTI $40.83 -5c, Brent $42.62 -31c, Diff -$1.79 -26c, NG $2.80 +2c Oil price A very modest fall yesterday, today it's a small rise but no massive direction from the ...
Malcolm Graham-Wood is joined by Colin Harrington, CEO of Zephyr Energy. Zephyr, formally known as Rose Petroleum, are a Junior Oil and Gas company with a focus in the Rocky ...
Oil is drifting and was around even on the week. Zephyr Energy has announced a raise of £2.25m which is more than enough to cover their costs of the dual use well in the Paradox Basin. I link to a Podcast with Total Market Solutions as part 1 of 2.
In a packed programme tonight...the oil price which ended last week on a downer is up nearly $2.50 as I write. DGO has signed up with Oaktree Capital Management in an interesting co-funding deal. IOG has walked away from a potential bid for Deltic, not the first to do so recently and Chariot seem to have found a top quality country manager for Morocco. Union Jack and Reabold have spudded at West Newton and Predator has updated on operations and added detail on Trinidad. Finally what might be the deal of the year, Zephyr has announced good news from the Paradox in Utah.
After topsy turvey inventory stats, always to be expected, oil fell and with US markets in retreat is down another dollar today. DGO is rewarded by its success by being allocated a space in both the FTSE 250 and FTSE All Share Index effective 21st September. Wentworth announce solid figures and announce a 20% increase in the dividend giving the shares an 8% yield. President have kicked off the drilling campaign with an successful workover well 'materially ahead of expectations and GKP have hunkered down but in a strong position to eventually recover. Finally Zephyr yesterday announced news from the Paradox Basin in Utah, this one is well worth watching...