Oil Man Jim Company Oil & Gas Podcast, Mid-Week Blog, 5th February 2020
February 5, 2020
Interesting first couple of days. Eco (Atlantic) Oil & Gas (ECO) announced what appeared to be a positive reserves report, but there was a muted market response. So it's still down to future drills and the big question now is whether majority partner Tullow Oil (TLW) wants to proceed.
I'll make a quick comment about UK Oil & Gas (UKOG) in passing, because I'm asked about it, and that concerns the convertible loan notes, the latest tranche of which were converted at 0.56p
Jersey Oil & Gas (JOG) has been weak since its announcement that it had acquired Equinor (EQNR)'s 70% interest in Licence P2170. Part of the reason for that was disclosed with this week's announcement that Richard Griffiths has been selling
Tower Resources (TRP) announced that the survey vessel should have completed its boreholes in a few days.
RockRose Energy (RRE) announced the acquisition of a 100% interest in the Cotton gas field for a limited initial consideration, with the larger part of the consideration becoming due at Final Investment Decision.
Baron Oil (BOIL) announced a website update with publicly available information from reports on the area prepared by Shell in 1998 and 2001 following the drilling of the Chuditch-1 discovery well and the share price went up 250% on the "news."
I'll be back on Sunday with the next blog and podcast and if you’re interested in knowing my actual trading ideas and more about what I think of the various companies, then subscribe to the private blog at https://oilnewslondon.com/oilman-jim I think you’ll find it’s worth it.