Malcy's


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Amerisur Resources, Echo Energy, Range Resources

Amerisur Resources Amerisur has announced this morning that the Pintadillo-1 discovery well is ahead of expectations and will pay back in ‘under a year ‘. The T sand interval has flow tested under natural flow at 590 b/d of light 30.4 API crude oil under a choke of 18/64” with strong wellhead p ...

Malcolm Graham-Wood - Malcy's Blog


Posted 7 months agoOpinion > Amerisur ResourcesEcho EnergyRange Resources +8

Oil Price, RockRose, Sound Energy

I am away for a few days but can't avoid seeing the oil price continuing to strengthen, as I write WTI is$75.50 and Brent just shy of $85. The same reasons apply as before but in an increasingly tight market and with China and India both cutting liftings from Iran the inevitable last quarter panic i ...

Malcolm Graham-Wood - Malcy's Blog


Posted 7 months agoOpinion > MalcyMalcy'sMalcy's Blog +3

Oil Price, Savannah Petroleum, Chariot, Getech, and Finally…

WTI $72.12 +55c, Brent $81.72 +38c, Diff -$9.60 -17c, NG $3.06 +4c Oil Price I can add little this morning, even the month and quarter end mean that trade will likely be low and the prices above will be the markers. With a rate rise in the US keeping the greenback strong it has been a solid p ...

Malcolm Graham-Wood - Malcy's Blog


Posted 7 months agoOpinion > MalcyMalcy'sMalcy's Blog +5

Oil Price, Eco Atlantic, Plexus, and Finally…

WTI $71.57 -71c, Brent $81.34 -53c, Diff -$9.77 +18c, NG $3.02 -6c Oil Price The oil price fell yesterday and the blame will likely be laid at the feet of the inventory stats from the EIA. With the API having reported a build the night before the bulls wanted a draw here, 1.3m down was foreca ...

Malcolm Graham-Wood - Malcy's Blog


Posted 7 months agoOpinion > oil priceEco AtlanticEco Atlantic Oil & Gas +5

Oil Price, President, Amerisur, Rose, Zenith, and Finally…

WTI $72.28 +20c, Brent $81.87 +67c, Diff -$9.59 +47c, NG $3.08 +4c Oil Price The oil price remains strong as concerns remain about production, as Opec+ say that all customers are being supplied as to their needs this looks like a trader inspired ramp to me. At the UN the President blamed Opec ...

Malcolm Graham-Wood - Malcy's Blog


Posted 7 months agoOpinion > MalcyMalcy'sMalcy's Blog +5

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 7 months 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 8 months 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 8 months 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 8 months 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 8 months agoOpinion > Faroe PetroleumMalcyMalcy's +1

Oil Price, Frontera Resources, Reabold/Upland, Soco, and Finally…

WTI $68.99 +40c, Brent $78.09 -9c, Diff -$9.10 -49c, NG $2.77 -5c Oil Price Although Brent lost ground on Friday and WTI rose it was the European marker that won out on the week with a gain of $1.26, 2 cents more than WTI. There is not much to add to my Friday piece except that Opec Secretary ...

Malcolm Graham-Wood - Malcy's Blog


Posted 8 months agoOpinion > MalcyMalcy'sMalcy's Blog +6

Oil Price, Independent Oil & Gas, Newco?, and Finally…

WTI $68.59 -$1.78, Brent $78.18 -$1.56, Diff -$9.59 +22c, NG $2.82 -1c Oil Price The wild gyrations in the oil price have been clearly manifested this week as the monthly reports are published and inventory figures show that stocks are still around 3% below five year averages. With crude up a ...

Malcolm Graham-Wood - Malcy's Blog


Posted 8 months agoOpinion > oil priceIOGIndependent Oil & Gas +4

Oil Price, Hurricane, Amerisur, Sound, Eco Atlantic, Ophir, and Finally…

WTI $70.37 +$1.12, Brent $79.74 +68c, Diff -$9.37 -44c, NG $2.83 n/c Oil Price Another good day on the bourse as oil ran up particularly WTI on the EIA inventory stats which showed a draw of 5.3m b's of crude against the combined guesses of the scribblers of 1.6m. Products, as one might expec ...

Malcolm Graham-Wood - Malcy's Blog


Posted 8 months agoPress > MalcyMalcy'sMalcy's Blog +7

Oil Price, President Energy, Echo Energy, Savannah Petroleum, Genel, IGas, Chariot, and Finally…

WTI $69.25 +$1.71, Brent $79.06 +$1.69, Diff -$9.81, NG $2.83 +2c Oil Price The oil price continues the rise that started on Monday with all sorts of influences going on. The weather is also back in the frame as hurricane Florence heads menacingly towards the Carolinas. Elsewhere, the Russian ...

Malcolm Graham-Wood - Malcy's Blog


Posted 8 months agoOpinion > MalcyMalcy'sMalcy's Blog +9

Cairn Energy, Eco (Atlantic), DGO

Cairn Energy Interims from Cairn this morning which were a mixed bag but I thought mainly promising in nature. The good news in production came from Catcher as predicted elsewhere and the not so good news was from Kraken also widely reported after numerous operational issues. Production is revvi ...

Malcolm Graham-Wood - Malcy's Blog


Posted 8 months agoOpinion > Cairn EnergyEco AtlanticEco Atlantic Oil & Gas +4