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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 2 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 3 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 4 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 5 days 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 6 days 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 9 days 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 10 days 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 11 days 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 12 days agoOpinion > Cairn EnergyEco AtlanticEco Atlantic Oil & Gas +4

Oil Price, Savannah, Columbus, Empyrean, Getech, and Finally…

WTI $67.75 -2c, Brent $76.83 +33c, Diff -$9.08 +35c, NG $2.78 n/c Oil Price Oil had a poor week with WTI – $2.05, under-performing Brent -81c mainly to do with the perceived glut of products following the end of the driving season. The strong economic figures from the US at the end of the wee ...

Malcolm Graham-Wood - Malcy's Blog


Posted 13 days agoOpinion > oil priceSavannah PetroleumSVP +6

Oil Price, Amerisur, Echo, President, Coro, Reabold, and Finally…

WTI $67.77 -95c, Brent $76.50 -77c, Diff -$8.73 +18c, NG $2.77 -2c Oil Price The inventory stats from the EIA were delayed a day following Monday's Labor Day holiday and those who were surprised by the numbers should have remembered the mantra about it marking the end of the summer driving se ...

Malcolm Graham-Wood - Malcy's Blog


Posted 14 days agoOpinion > oil priceAmerisur ResourcesEcho Energy +6

Sound Energy, Zenith Energy

Sound Energy Sound has announced this morning the award of the production concession relating to the Tendrara gas discovery in Eastern Morocco by the Moroccan Ministry of Energy. The FDP underpinning this award is very substantial and will be a significant part of the process for Sound as it mo ...

Malcolm Graham-Wood - Malcy's Blog


Posted 17 days agoOpinion > Sound EnergyZenith EnergyMalcy +2

Oil Price, Coro Energy, Hurricane, Frontera, and Finally…

WTI $69.80 -45c, Brent $77.42 -35c, Diff -$7.62 -10c, NG $2.92 +4c Oil Price Today is Labor Day in the US and the holiday marks the end of the driving season with its cross-state driving marathons and consequent use of gasoline. The refiners will change their mix but only recreational driving ...

Malcolm Graham-Wood - Malcy's Blog


Posted 20 days agoOpinion > oil priceCoro EnergyHurricane Energy +4

Oil Price, Sound, Amerisur, Echo, Eco (Atlantic), Getech, Link, and Finally…

WTI $70.25 +74c, Brent $77.77 +63c, Diff -$7.52 -11c, NG $2.87 +1c Oil Price With flash blogs in the last two days oil price comment has been absent but this week should show a healthy rise in the oil price for a number of reasons. Firstly it seems that buyers are backing off Iranian crude fa ...

Malcolm Graham-Wood - Malcy's Blog


Posted 22 days agoOpinion > oil priceSound EnergyAmerisur Resources +6

Trinity, Solo, Hunting, Reabold

Trinity Trinity has confirmed that it has commenced drilling in its six well onshore campaign by spudding the first well, with two wells already completed the company expects to bring the total of wells drilled this year to eight by the year end. With the fundraising completed the campaign is f ...

Malcolm Graham-Wood - Malcy's Blog


Posted 24 days agoOpinion > TrinityTrinity Exploration & ProductionTrinity E&P +6