Oil Man Jim Company Oil & Gas Podcast, Mid Week Blog, 29th January 2020
January 29, 2020
Its share price may continually decline, as I warned it would all the way from 20p down, but Anglo African Oil & Gas (AAOG) continues to issue news, the latest being that they have enough cash to keep going until the end of March. Africa is a nice excuse for Zenith Energy (ZEN) to do yet another raise. Anglo African's new partner in Tilapia took the opportunity to place again today: this time, nearly £1,000,000 at 1.68p. Another investor favourite, Block Energy (BLOE) finally announced its operations update. Gas is being flared, so that has no value currently and they're still having to truck away water, which appears to be nearly 80% of their production. Moving on, Lekoil (LEK) announced that Otakikpo is currently producing 2,122 barrels of oil per day net to LEK's subsidiary, LOGL. Developments at Jersey Oil & Gas (JOG), who announced the acquisition of Equinor's 70% interest in Licence P2170.
UK Oil & Gas (UKOG) announced that they are bringing HH-1 into Production during Spring 2020, followed by HH-2z upon completion of the current extended well test.
Baron Oil (BOIL) returned from the suspension; its reverse take over of SundaGas has been terminated.