Skip to main content

About me

Hi,

For those interested, my work background is in the oil and gas industry.  I studied at University in London and, since then, I've been all over the world.  I have been a director of several oil and gas companies and, even though now semi-retired, I still hold a board position with an oil exploration company operating in Europe.  I'm married and live with my wife and our cat.

I know quite a bit about leasing mineral rights and obtaining government licences and permits, plus I am very familiar with the process of acquiring seismic, then drilling, completing and placing into production oil and gas wells, so I can tell when the whole truth is not being told.

My main interest for over 40 years has been the stock market, particularly smaller oil & gas exploration companies and I enjoy commenting on them!  There always are a few good ones around, but they usually are outnumbered by the scams.  It's possible to make money on all of them if you can get in close to the bottom and time your exit right, but it is critical to remain cynical at all times and take profits as the opportunity arises.

Good luck,

Jim

Popular posts from this blog

ECO, AMER, DGOC, AAOG, MYN, AOGL, MXO, ADME, BOIL, UKOG and PET

Fairly quiet last week for major news, but still plenty worth mentioning.   Eco Atlantic (ECO) announced the mobilisation of the Stenna Forth drillship which is now en route to Guyana.  Spud of the Jethro Lobe prospect is expected on or around 26 June. Amerisur Resources (AMER) announced approval of the farm-out agreement with Occidental relating to four exploration blocks in southern Columbia holding an estimated 448 MMBO mid-case gross prospective resources.  In return for acquiring a 50% interest in each block, Occidental will fund a $93 million exploration and appraisal programme starting this year.  In the meantime, AMER has increased production to over 6,800 BOPD. Diversified Gas & Oil (DGOC) continued to announce share buy backs running at around £1 million per day.  They are managing to support the price for the time being, but with no rebuttal of the allegations made against them, what happens when, as is inevitable, they run o...

Sunday Blog has moved to Substack

Google has discontinued the FeedBurner service which distributes the Sunday blog by email each week.   Therefore, the blog and subscriber lists have been transferred to Substack, ensuring continued distribution to all those who have asked to receive it. https://oilman.substack.com/

RKH PMO 88E RRE BPC PET PVR TRP LEK ZEN AAOG

First full week of the New Year and plenty going on.   Rockhopper Exploration (RKH)  announced Heads of Terms with Navitas to farm-in to Sea Lion.  This adds additional strength to the Sea Lion joint venture, which Rockhopper believes will increase the likelihood of a successful senior debt project financing for the Sea Lion Phase 1 development.  Key of course will be the local political situation. Sea Lion JV partner  Premier Oil (PMO)  announced its trading and operations update.  2019 production was 78,400 boepd.  It's also looking forward to drilling its first well in Alaska, which it describes as "potentially transformational" for Premier, whose own interest comes via a farm out from  88 Energy (88E) , which incidentally is now up 100% from when I mentioned it as a favourite towards the end of last year.   Premier also announced proposed UK North Sea acquisitions, which will add around 23,000 boepd p...