2022 Bucket List.
The prospects remain healthy for oil stocks going into 2022. Malcy looks back and discusses the prospects for the year.
The 2021 Bucket List results.
Oil is down again today as the Omnicron variant runs rampant and countries increase lockdown arrangements. Kistos has commented on a press comment that it may be in discussions with Total re West of Shetlands gas assets and Savannah has updated on its approval of its Niger licences and expects news soon on its Admission Document and return from suspension. Zephyr announces that it has a short delay in its Williston Basin acreage acquisition and Genel farms out in Somaliland. Finally Wentworth has announced that it has started the buyback that it launched on Friday.
Oil continues to pick up and flare ups in the Middle East would have helped that. Diversified Energy has completed the Tapstone deal and also its banks have supported the company in the 6 monthly determination. Zephyr has had great test results at the Paradox Basin and may have significant oil and gas. Finally Rockhopper and Navitas have taken over Sea Lion and the project looks very exciting at $75 Brent.
Oil quiet after weakness recently put down to Covid and SPR releases. Kistos spud their Q11-B well and IOG have an update with only weeks until first gas. JOG have signed up almost the entire former board of Ithaca which is good and news from the GBA is promising. Pharos spud in Egypt, Zephyr has made another excellent acquisition, President update, again.
Flash blog on the test results from Zephyr Energy at the Paradox Basin, a truly exceptional piece of news.
Oil motors into the news week with gains as I write of over a dollar. Today Zephyr are on target at the Paradox Basin and are expecting to test starting today, meantime Longboat have a 'material discovery' at Egyptian Vulture. President announce that subsidiary Atome with its hydrogen expertise is to be floated off to the potential benefit of President holders. Lamprell announce a medium sized contract and the Aim market welcomes Arrow Exploration which starts dealing in London today. Finally Zenith Energy announces a successful workover at ROB-1 onshore Tunisia.
Oil still rises, the IEA are no different to the others, it will be another good week. Zephyr announce that it is ready for the next phase at the Paradox Basin and Kosmos got the offering away at a very decent premium. Trinity are in-line with expectations and so are Gran Tierra.
First day of the month and quarter and with an Opec+ on Monday there are no prizes for bravery in oil markets. Union Jack and Reabold are disappointed about the planning decision at West Newton but an appeal is probably likely. Scirocco completes its acquisition Echo has restructured its loan. San Leon note production news from Decklar and I cover results from the 15 sets yesterday including President and Getech as well as results from Zephyr with an interview with CEO Colin Harrington and from Savannah and an interview with CEO Andrew Knott.