@OilGasTracker

Sharing the latest analysis and data on the E&P sector.

Joined December 2017
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  • Followers3.3K
1.3KMedia
Unexpected but very positive news from #GKP and #SNM today. KRG is finally taking real steps to paying the KRG IOC market prices.
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#GENL Genel latest bid for #CNE is worth £330m up £59m from the first bid, equivalent to 21p per Genel share. Madness from Genel management side. The value destruction here is staggering.
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In $DEC recent acquisition the company has been clearer that the funding is coming from the RCF. In today’s announcement they leave the funding options more open with this comment "along with other customary financing sources".
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#EPP EnergyPathways has announced one of the most dilutive funding packages seen on AIM. £5m loan which is convertible into shares and £10m ATM facility.
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PetroTal #PTAL is finally delivering some good news. Petrotal has replaced the tubing in the five leaking wells, stabilizing production. Ending the year with $139m in cash, higher then expected. The next key development will be the restart of drilling.
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TotalEnergies announced that they have farmed into Galp PEL 83 Namibia block. The valuation is well below expactation for this deal. #GALP trading down 14% on the announcement. #TOT. Negative news for the partners in the PEL 83 block $SEI.
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#ECO Atlantic announce strategic partnership with Navitas Petroleum over Orinduik Block and Block 1 CBK. With an initial payment of $2m and possible additional payment of $2.5+$4m and carry. The farm-out terms are probably not what the ECO shareholder has been holding out for.
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The UK Government is keeping the EPL unchanged to 2030, negative news for #HBR #ENQ #JOG #ITH. The industry has beeing lobbying hard for a change, looks like to got nothing.
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Diviersified Energy have some explaning to do. #DEC $DEC
ShareCounting@ShareCounting834 Nov 2025
Diversified Energy $DEC #DEC raising 2025 EBITDA and FCF guidance in their Q3 report from last night. In reality they are reducing guidance if you adjust for one-off land sale. In H1 they sold land for $70m and in Q3 $74m. The high level of land sale is a result of the recent large acquisition which are being optimized, but its a one-off. Why DEC is including gains from land sale in EBITDA in the first place is mind boggling.
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UK North Sea - Miliband is expected to change stance on North Sea development according to the Telegraph. Which would be very positive news for #JOG, but also existing producer #ENQ #ITH #SQZ #HBR
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Sky News reports that a possible deal between Tullow Oil and Meren Energy has fallen apart. #TLW
Mark Kleinman@MarkKleinmanSky17 Jun 2025
Exclusive: A combination of London-listed Tullow Oil and Toronto-listed (but Africa-focused) Meren Energy has been called off in recent days, according to people close to the talks. Tullow has a market capitalisation of roughly £275m, substantially less than Meren’s. More soon.
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#ZPHR Zephyr Energy reported Q1 production for the Williston assets at 756 boepd. The one year decline is now 34% which is rather high for the Williston basin.
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Navitas reports that the FID for the Sea Lion project has been delayed to H2 2025 from mid-2025, without giving any specific reason. Negative for Navitas partner #RKH and also negative for #BOR who would benefit if a rig was deployed to the Falkland Islands.
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$MEG.TO respons to $SCR.TO hostile bid is out:
Oil & Gas Tracker@OilGasTracker16 May 2025
$SCR.TO proposing to acquire $MEG.TO in a hostile bid worth $23.27 per MEG share. This is most likely only the start of the battle for MEG. Canadian Heavy Oil E&Ps, the group is down 4% YTD, trading on $9.5/1P reserve, $57.5k/flowing barrel. $ATH.TO $CVE.TO $IMO.TO
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$SCR.TO proposing to acquire $MEG.TO in a hostile bid worth $23.27 per MEG share. This is most likely only the start of the battle for MEG. Canadian Heavy Oil E&Ps, the group is down 4% YTD, trading on $9.5/1P reserve, $57.5k/flowing barrel. $ATH.TO $CVE.TO $IMO.TO
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Canadian Heavy Oil Focused E&Ps comp. table. The group is down 13% YTD, trading on $8.8/1P reserve, $53.1k/flowing barrel. $ATH.TO $CVE.TO $IMO.TO $MEG.TO $SCR.TO
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North American Weekly Oil & Gas Corp Winners & Losers $TAO.V $TCF.CN $TNZ.TO $PPR.TO $OYL.V $CDR.TO $HUSA $RECO.V $CEQ.V $CRK $YGR.TO $CNX
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European E&Ps YTD Winners & Losers #BCE #PRD #SEAPT #ZEN #ZPHR #WCAT #ADME #ANGS #CLON
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#SNDA Sunda Energy has raised a $9m CLN on very onerous terms to fund the drilling of the Chuditch-2 well. The CLN can be converted down to 0.025p in the worst case, significantly lower than the current share price of 0.075p.
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Eagle Ford Focused E&Ps - $MTDR out with Q1 results, 2025 prod guidance reduced from 205k to 200k boe/d, capex reduced $1.525 to $1.425bn, $400m buyback. $BTE $CRGY $MUR $SM
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