Oil Man Jim Company Oil & Gas Podcast, Blog 22nd December 2019
December 22, 2019
Companies are now saving up their good news for next year, but there were still plenty of interesting announcements last week.
Anglo African Oil & Gas (AAOG) CEO, James Berwick, resigned on Monday and the share price now is down to around half a penny. Another winner for shorts over the last six months is Block Energy (BLOE), which ramped up its share price in anticipation of a placing on the basis that it was producing 1,100 barrels of oil per day and didn’t need a placing. A third disgrace is Sound Energy (SOU), which I've been calling down from the mid-40s. A further company attracting controversy is United Oil & Gas (UOG), where some placees who were sitting on losses have gone on a ramp. More realistic news from Touchstone Exploration (TXP) which announced strong test results from its COHO-1 well
Union Jack Oil (UJO) and Reabold Resources (RBD) announced that extended well test operations
Solo Oil (SOLO)’s production acquisition is looking uncertain.
Prospex Oil & Gas (PXOG) announced the possible acquisition of a minority stake in a Spanish gas power project.
Echo Energy (ECHO) announced mobilisation of the rig to drill the Campo Limite exploration well, which is due to spud before year-end. I'll be back next Sunday with a full blog and podcast. In the meantime, I wish you all a very Merry Christmas.