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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...
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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...
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PANR 88E LEK BPC AEX SCIR RBD UJO EDR EOG UKOG DELT IOG PVR LOGP

The US Presidential election result at last appears to be settled and the transition is underway.   The Republic of Ireland looks likely now to be the one with the “special relationship” and act as the new bridge between America and Europe.   A UK-EU trade deal still has not yet been agreed and businesses remain in the dark with just 22 working days to go.   Many appear to believe that Brexit will be finished on 31 December.   In reality, Brexit starts on 1 January.   Whatever one’s views on the subject, its effects certainly are going to be “interesting," particularly when combined with the Coronavirus countermeasures.   The important longer-term question is in which direction is Great Britain going to go. Away from the economy and politics, I’m pleased to say that total reader numbers have more than doubled over the past few weeks following a blog syndication change.   To those who don’t like its content, I would say don’t read it.   There are ...
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