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Oil price, Kistos, Far, President and finally…

Oil price, Kistos, Far, President. and finally… Oil markets, particularly WTI liked the Opec+ summation after yesterdays meeting, viz that whilst they were ‘concerned’ about rising virus levels there was no need to change current production levels. The rise of another dollar today in WTI agreed ahead of the EIA stats this afternoon. WTI $62.94 +$1.03, Brent $66.42 +77c, Diff -$3.48 -26c, NG $2.87 +8c, UKNG 55.5p +4p Oil price Oil markets, particularly WTI liked the Opec+ summation after yesterdays meeting, viz that whilst they were ‘concerned’ about rising virus levels there was no need to change current production levels. The rise of another dollar today in WTI agreed ahead of the EIA stats this afternoon. The API numbers showed a build of 4.32m barrels of crude whilst gasoline inventories fell by 1.2m  and distillate inventories fell by 2.4m.

Argentina: President Energy announces drilling success at EV-1001 in the Estancia Vieja field, Rio Negro Province

Argentina: President Energy announces drilling success at EV-1001 in the Estancia Vieja field, Rio Negro Province 28 Apr 2021 AIM-listed President Energy, the energy company with a diverse portfolio of production and exploration assets focused primarily in South America, has provided an operational update with regard to the newly drilled well EV-1001 at the Estancia Vieja field, Rio Negro Province, Argentina Highlights New well EV-1001 drilled, logged and cased on time and budget Electric and mud logs together with petrophysical review identify net gas pay as expected and support pre-drill projection of an initial production of 60,000 m3/d The rig is now moving off location to the next well, EV-1002, also at the Estancia Vieja field, which move will take up to 4 days with spudding currently projected within approx. 7 days

Argentina: President Energy announces Rio Negro drilling update

Argentina: President Energy announces Rio Negro drilling update 16 Apr 2021 AIM-listed President Energy, the energy company with a diverse portfolio of production and exploration assets focused primarily in South America, has provided an operational update with regard to current operations in the Rio Negro Province, Argentina. Highlights Petrophysical analysis of newly drilled well LB-1002 has increased net gas pay to 11 metres S Drilling programme Rio Negro The new gas well EV-1001 at the Estancia Vieja field, Rio Negro, Argentina has now been spudded ahead of schedule. Drilling time excluding completion of the well but including logging and casing is estimated to be 12 days with a target depth of 1,850 metres. The well will twin the old well EVx-1 which was producing until a recent casing collapse. With an estimated cost of US$1.8 million, President projects initial production of 60,000 m3/d (2.1 MMsft/d or circa 350 boepd).

Oil price, President, Helium One And finally…

Oil price, President, Helium One And finally…
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London pre-open: Stocks to edge up after China GDP

London pre-open: Stocks to edge up after China GDP Fri, 16th Apr 2021 07:34 (Sharecast News) - London stocks were set to edge up at the open on Friday following the release of encouraging Chinese GDP data. The FTSE 100 was called to open seven points higher at 6,990. CMC Markets analyst Michael Hewson said: Markets in Asia appear to be ending the week on a largely positive note with the main focus on this morning s Q1 China GDP numbers which showed the economy expanded by 18.3% year on year, and 0.6% on a quarterly basis. This looks set to translate into a positive European open, with all eyes on the FTSE100 and whether it can crack above the 7,000 level.

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