Opinion

Oil price, Amerisur, Rockhopper, And finally...


Oil price

A very quiet day according to traders, oil was firmed by the continued weakness in the greenback and the comments from Iraq suggesting that all members of Opec were playing the game but some drift was provided by talk of US production increasing, but that's a given surely?

Amerisur Resources

More good news from AMER this morning as they announce that Platanillo 24 has been tested and placed on commercial production of 420 b/d of natural flow. The interval of 7 feet was perforated in the lower U sand only and brings the OBA system up to 3,100 b/d which is another step in the right direction.

Rockhopper 

I notice that Kuwait Energy has announced the signing of a farm-out agreement for a 25% participating interest in the Abu Sennan Concession in Egypt to Global Connect Limited. Global Connect is a ‘recently established E&P company with a focus on the MENA region'.

Readers will know that other participants in this concession are Dover Investment Ltd and Rockhopper who own 28% and 22% respectively and Kuwait Energy with its remaining 25%  and will continue as Operator. It will be interesting to see if anyone pre-empts this deal but I suspect not as it seems the implied valuation appears to be materially higher than Rockhopper paid.  Either way it looks like a win-win situation from RKH who have been quietly adding to their Greater Med portfolio.

And finally…

So, farewell Bernie Ecclestone who has been moved upstairs at the age of 86, its been a good knock, as they say and i'm sure he can still afford a paddock pass...



New service from OilVoice
Trip Shepherd is for companies who need to track their staff in areas of risk.
It's free to use, so we invite you to try it.

Visit source site

malcysblog.com/2017/01/oil-price-amerisur-rockhopp...

Malcy's BlogRockhopper ExplorationAmerisur Resources

More items from malcy


Oil Price, Savannah, Range, Pantheon, and Finally…

WTI $45.88 -$2.29, Brent $54.35 -$2.89, Diff -$8.47 -$1.57, NG $3.58 -14c Oil Price Whether you call it a risk off moment after the Fed and others warned about the economy next year or just a supply worry that Opec+, ie Russia won't cut production next year the oil price retreated and will li ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 year agoOpinion > oil priceSavannah PetroleumSVP +6

Oil Price, Faroe, President, Range, Wentworth, and Finally…

WTI $47.20 +96c, Brent $57.24 +98c, Diff -$10.04 +2c, NG $3.73 -11c Oil Price A rally yesterday after a handy set of inventory numbers but oil is down again today after world markets did not like the rate rise from the Fed. The EIA announced a crude draw of around half a million barrels which ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 year agoOpinion > oil priceFaroe PetroleumPresident Energy +6

Oil Price, Reabold, Angus, IOG, and Finally…

WTI $46.24 -$3.64, Brent $56.26 -$3.35, Diff -$10.02 +29c, NG $3.84 Oil Price Another very bad day for oil yesterday and whilst news is still not good it is certainly not as bad as this price suggests. Today is Fed decision day and we are led to believe that another rise is on the cards but f ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 year agoOpinion > oil priceReabold ResourcesAngus Energy +6

Petrofac, President, IOG, Infrastrata, IGas, Cairn/Far, Aminex

Petrofac Trading update from PFC this morning, all in line with expectations, indeed I would venture that this is a pretty good update given where company has come from. The $5bn order intake is impressive giving a backlog of $10.2bn and with over $15bn of tenders out the outlook for 1H 2019 is ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 year agoOpinion > PetrofacPresident EnergyIOG +10

Oil Price, DGO, Block Energy, and Finally…

WTI $52.58 +$1.43, Brent $61.45 +1.30, Diff -$8.87 -13c, NG $4.12 -1c Oil Price It looks like the oil price will be roughly even on the week, today it is down a touch on the poor Chinese economic data but the better than expected inventory data from the API, EIA and Genscape have also shown s ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 year agoOpinion > MalcyMalcysMalcy's Blog +5
All posts from malcy