Blog
Posts Categorized: Oil
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Gulf Keystone – post new Shaikan sales agreement commentary
Post news last week on the new Shaikan sales agreement, the market seems slowly and begrudgingly to be accepting the continued rehabilitation of Gulf Keystone Petroleum and the transformation thereof of the company’s cash flow profile. Looking at the RNS last week of the renegotiated crude oil sales agreement we believe the market continues however, […]
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Mayan Energy – increased NPV value post Asphalt Ridge news
An operations update from Mayan Energy yesterday brought good news from Asphalt Ridge, the Utah heavy oil sands project which is being developed by TSX-listed Petroteq Energy Inc. Mayan is a 17.6% shareholder in Deloro Energy LLC which has entered a joint venture with Petroteq acquiring a 49% stake in Asphalt Ridge for US$10 million, […]
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Providence Resources – fabled Barryroe farm-in finally in sight? First thoughts…
By Richard Jennings News out yesterday from Providence Resources provided long, long suffering shareholders (of which we are one!) with real hope that their fortunes are about to be transformed. This year’s drills at Druid and Drombeg were a major disappointment and cut the market cap by 75% from the pre drill peak and has […]
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Open Letter to Pat Plunkett of Providence Resources
Dear Mr Plunkett You will be familiar with my prior missives in regards to the direction of Providence Resources under the stewardship of Tony O’Reilly Jnr. If you have not taken the time to read them, here is the link for you – http://www.alignresearch.co.uk/category/providence-resources/ Stark fact number 1 – as of today’s date (1 Sep […]
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Gulf Keystone Petroleum & Genel Energy Update – increasing price targets
By Richard Jennings Genel Energy – new SOTP of 231p per share News last week out of Genel Energy was a welcome shot in the arm for bulls of the stock. The three way deal between the KRG (Kurdistan Regional Government), DNO of Norway and Genel in relation to the outstanding historic receivables and future […]