Rockhopper, Amerisur, SDX Energy

Thursday, 5th July 2018 10:32 - by Malcy

Rockhopper

The main news this morning fron RKH is the confirmation that Standard Chartered bank has been appointed to lead the work on the senior debt for Sea Lion. This is another welcome tick in the box as Premier and Rockhopper move towards sanctioning a project that as I said in my bucket list video yesterday must throw off huge money at these oil prices and project economics. The release also welcomes the imminent start of the drilling campaign at Abu Sennan which is to be welcomed as the ‘Greater Med’ area is an important part of the company’s funding.

Amerisur Resources

Amer has announced its monthly production numbers, 5,171 b/d with a peak of 5,400. The OBA did 4,332 b/d with a peak of 4,530. Plat-22 restarted at 650 b/d but dropped again to 350 b/d and is being monitored. This production is benefitting from continued work on upgrading well performance at the moment. Having said that the upside increasingly looks like being the upcoming drilling campaign which is pretty much on target despite dreadful weather conditions. Pintadillo-1, where the company is targeting the key ‘N’ sand anomaly, should spud in July. Elsewhere both the Miraparriba-1 and the Indico-1 wells are on schedule for Q3 spudding.

SDX Energy

SDX has announced the spud of appraisal well SD-3X at South Disouq in Egypt. If successful this will be connected to the SD-1X infrastructure. They have also announced that testing of the SD-4 discovery is expected in the next ten days.

The Writer's views are their own, not a representation of London South East's. No advice is inferred or given. If you require financial advice, please seek an Independent Financial Adviser.