Oil Man Jim Company Oil & Gas Podcast, Mid Week Blog, 8th January 2020
January 8, 2020
Interesting first week. RockRose Energy (RRE) announced a year-end trading update. Year-end total cash was $370.7 million ($54.9 million restricted), more than the current capitalisation.
Rockhopper Exploration (RKH) announced Heads of Terms with Navitas to farm-in to Sea Lion. 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)
Bahamas Petroleum Company (BPC) announced an update regarding their mutual fund set up to allow locals to invest.
Reabold Resources (RBD) and Echo Energy (ECHO) issued drilling updates.
United Oil & Gas (UOG) and Prospex Oil & Gas (PXOG) issued announcements regarding the issue of an environmental approval in Italy.
Zenith Energy (ZEN) and Anglo African Oil & Gas (AAOG) announced a loan by ZEN to AAOG of £250,000 to keep it afloat.