Oil Man Jim Company Oil & Gas Podcast, Blog 30th December 2019
December 30, 2019
Quiet Christmas week, but still plenty to comment on. Starting with the positives, Petrel Resources (PET) is turning out to be the top-performing AIM share of the year.
This was highlighted as a favourite many times in the blog around 1p. It's now 19.5p, up 1,850%. There's another one with similar potential in the current issue of the private blog for those who are interested.
UK Oil & Gas (UKOG) announced an HH-1 and HH-2z extended well test update. HH-2z achieved initial rates of up to 1,087 barrels of fluids per day and oil cuts of up to 60%
88 Energy (88E) announced all is on track to drill Charlie-1 in the first quarter of 2020 and Empyrean Energy (EME) is progressing its objective to drill its first well in China during 2020.
Reabold Resources (RBD) also issued news, but since it's the festive season I'll refrain from commenting on this, since I don't want to spend the rest of the day dealing with tweets from angry shills and shareholders.
Anglo African Oil & Gas (AAOG), where even its most ardent supporters have now accepted that I was right all along. Latest is that it wants to sell off 80% of its Congo subsidiary to Zenith Energy (ZEN)
I'll be back next weekend with a full blog and podcast. In the meantime, I wish everyone all the very best for the New Year 2020.