Oil came back on the US plans to suspend taxes on gasoline, Zephyr have results, good as expected and Sound has appointed Attijariwafa bank of Morocco which is good news and brings Tendrara closer. And Cornerstone Natural Resources is moving towards a quote I suspect.
Oil fell on the Fed confirming a 75bp rise with Swiss and UK central banks today and the ECB being what only they can be...Lots of company news today, PetroTal have a good sales update, Zephyr are investing better than expected cash flow, Rockhopper raise went very well, Harbour are buying back $200m, Longboat update in full detail, Hurricane monthly shows more cash build up and President have a bare bones update.
Oil is continuing to drift with the usual suspects responsible, at the moment the underlying remains pretty strong based on product demand. Zephyr have come up with a novel way of monetising the Paradox Basin in the short term whilst waiting for gas infrastructure. Challenger announce more activity on its existing portfolio with workovers, recompletions and swabbing in the short term. Savannah announces its figures for later today and also a retail Q&A and finally Predator have mobilised a huge law suit against Challenger for historic activity in Trinidad.
A flash blog with information on Zephyr Energy who update on Q1 production, i3 who announce a whopping 25% increase in the divvi and an AGM statement from Harbour.
Malcolm chats with Colin Harrington, CEO of Zephyr Energy.
Oil was mixed yesterday with only the positive EIA stats to affect the day in which WTI went off the board.
Oil remains weak as the EU still won't ban hydrocarbons and India and China still won't stop buying them from Russia. Sound has walked away from the Angus auction but two buyers remain interested in the Saltfleetby asset. Scirocco note the AEX RNS on Tanzania where action continues ahead of drilling the crucial CH-1 well in November this year. Zephyr go from strength to strength as they receive the first monthly cheque from the Williston Basin assets bought in February but now delivering meaningful cash to spend on the Paradox. Finally SDX has spudded the MSD-20 infill well on the Meseda field, I still think that there is corporate activity behind the scenes here.
Oil has jumped again as sanctions on Russia moves to the embargo on energy stage and markets start to worry about where to find the missing 5m b/d of oil and substantial gas shipments. Today I'm taking a look at Zephyr who are waiting for a CPR and to Touchstone who release theirs.
Oil today has lost most of yesterday's gains, it seems that the French Minister has suggested that they are in the final stages of the nuclear talks. Sleepy Joe's energy policy has been somewhat unfathomable so far but to equip Iran with nuclear weapons in order to bring down the gasoline price.... And Zephyr have closed the Williston acquisition and now set to work on the Paradox Basin.
Oil was firm last week and now is seemingly waiting on The Ukraine. More good news from DEC who have closed a securitised financing and Zephyr who announce 4Q production from the Williston. Lamprell update the market as do President, Prospex have has announced a placing to buy more of the Selva field in Italy.