Opinion

Hurricane, IGas


Hurricane Energy

Another operational update from the EPS development of the Lancaster Field today with everything going on time and according to plan. The turret mooring system including the newly constructed buoy for the Aoka Mizu FPSO has been successfully installed at the Lancaster Field and only remains subject to final approvals.

The completion of this operation is ‘a critical milestone ‘ required to allow installation of the SURF kit which is the last phase of the offshore installation programme before arrival of the AOKA MIZU.

All is going well it seems and the CEO confirms that HUR is on track for first oil in 1H 2019 which is very encouraging. Every announcement like this brings forward delivery of Lancaster as predicted by the company and the potential of realising significant value for shareholders.

IGas Energy

An update from IGas this morning which indicates that pretty much everything is going to plan. The only fly in the ointment is poor performance at Stockbridge which has ‘nudged down' production guidance to 2,200-2,300 b/d for this year.

Elsewhere capex is up to £11m and the company has cash of £14.5m with net debt of £6.8m. The company is due to spud its first shale well in Q4 so, albeit slowly things are beginning to happen. With all industry eyes on the Cuadrilla results in the 4th quarter this will be an exciting sector to watch with IGas being a key access point.


Visit source site

https://malcysblog.com/2018/08/hurricane-igas/

Hurricane EnergyIGasMalcyMalcy'sMalcy's Blog

More items from malcy


Oil Price, Trinity Exploration & Production, President Energy, Tullow Oil, and Finally…

WTI $70.78 +46c, Brent $78.80 +10c, Diff -$8.02 +12c, NG $2.98 n/c Oil Price With WTI up by $1.79 last week and a modest gain of 78c for Brent, the Opec+ meeting in Algeria was always going to be the decider for this morning's opening. As it is, with WTI up $1.48 at $72.26 and Brent up $1.96 ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 day agoOpinion > oil priceTrinity E&PTrinity Exploration & Production +7

Oil Price, Savannah, SDX, Soco, RockRose, Reabold, Petro Matad, Providence,aAnd Finally…

WTI $70.80 -32c, Brent $78.70 -70c, Diff -$7.90 -38c, NG $2.98 +7c Oil Price As we discussed earlier in the week, the Opec+ meeting occurs on Sunday in Algeria and participants have been doing a bit of pre-meeting position taking. Yesterday it was President Trump and he's not even at the meet ...

Malcolm Graham-Wood - Malcy's Blog


Posted 3 days agoOpinion > oil priceSVPSavannah Petroleum +11

Jersey Oil & Gas, Range Resources, Hurricane Energy

Today is the results day from hell and I am on the move a good deal, I am mentioning some but will cover anything I miss in tomorrow's blog. These should include an interesting acquisition from Soco and I have a call in, figures from RockRose, I chat to Andrew Austin, Providence Resources, Petromat ...

Malcolm Graham-Wood - Malcy's Blog


Posted 5 days agoOpinion > JOGJersey Oil & GasRange Resources +6

Oil Price, Rockhopper, Frontera Resources, i3 Energy, United Oil & Gas, and Finally…

WTI $69.85 +94c, Brent $79.03 +98c, Diff -$9.18 +4c, NG $2.93 +12c Oil Price The oil price is staying at the top end of the recent range ahead of the Opec+ meeting on Sunday. As usual, even though this is an interim chat everyone has something to say to place their bets, so to speak. The Saud ...

Malcolm Graham-Wood - Malcy's Blog


Posted 6 days agoOpinion > oil priceRockhopperRockhopper Exploration +7

Faroe Petroleum

Faroe Petroleum Interim results from Faroe today which to be honest had been signalled ahead of today's meeting. Profits were much higher as commodity prices were higher, EBITDAX of £72.2m, the Fenja sale and a lack of impairments. Fully funded net group capex for 2018 is estimated to be c.£225m ...

Malcolm Graham-Wood - Malcy's Blog


Posted 7 days agoOpinion > Faroe PetroleumMalcyMalcy's +1
All posts from malcy