Member Info for Orchy

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Oil price Crude oil rose all but one day last week with Brent up 9.1%, 18% on a fortnight giving some traders reason to believe that the worst is behind us. Certainly the chartists I talked about last Monday are getting quite excited, for them the Brent resistance level of $56.99 has been busted and onward progress looks imminent, I am not quite so confident yet… Blackrock say that inflows into their energy related exchange traded products were a record $3.7bn in January, echoing what I have been saying about money managers in general upping their exposure to the sector and indeed what Daniel Och said in his Reuters interview last week. But if you look at the available US statistics on Friday you are right to be bullish, first the non-farm payroll not only cruised past the whisper at 257/- new jobs but decent additions were made to the November and December numbers as well. After that the Baker Hughes rig count, a new best friend for previously uninformed analysts, came in at a drop of 87 rigs (83 of them in oil) to see a fall of 284 since November the 21st. It is without doubt fair to say that it will take time for these falls to feed through to a fall in US production but it will do in time, probably in conjunction with other capex reductions around the world, at which time it will be time to push the panic button as is so often the case. Finally, the last remaining export route for onshore Libyan crude was shut off at the weekend when Hariga port was closed by terrorist attacks thus virtually ceasing any exports from the country. - See more at: http://www.malcysblog.com/#sthash.SHJxe0mt.dpuf

jmr / oogle, so were working on the assumption that they are participating on the initial well to maintain the deal / commitment, or will agree to postpone to a date. i of the same thoughts. just would have thought CAZA would have mentioned the CW well in the latest ops update... ATB

http://www.ft.com/fastft/274731/oil-rig-count

'Therefore, in the near term only obligation wells will be considered for drilling.' the CW well was supposed to spud on or by 01/02, are we participating ? no mention from the company?

oil continuing its move up.. TSX 30% up, just hope the oil gains hold / continues move up GLA

few, thought for a minute it was just me and NH, still here and holding mate,

hope so fella

brent through $55

down 94 rigs. http://www.reuters.com/article/2015/01/30/us-markets-oil-idUSKBN0L305Q20150130

The initial horizontal Wolfcamp well is currently scheduled to commence operations on or before February 1, 2015 (the "Initial Commitment Well") with CWEI as the operator. i wonder if they will reach an 'agreement' to delay this well for a few months ?

http://oilprice.com/Energy/Crude-Oil/Whats-Next-For-OPEC.html

malcy = Gospel

http://uk.businessinsider.com/baker-hughes-rig-count-january-23-2015-1

no nothing new or worth sharing unfortunately,

Had an email from rich last night funny enough lol. Perhaps he reads the board .... careful what you say lol

important to note also that; 150,000 shares of a new series of Matador Convertible Preferred Stock to HEYCO Energy Group, Inc. (convertible into 10 shares of Matador Common Stock for each share of Preferred Stock), so the preferred stock options have a value if converted of 1.5m shares @ $21.5 = an additional $32m

thanks for posting, looks interesting. $37.4m cash 3,140,960 shares @ $21.5 a share = $67,530,640 Total Value = $105m for a company producing 540 boepd (Q4 2013) seem to have a large amount of acreage though and cant find what their debt obligations are ??

full name title Richard R. Albro Vice President, Land Caza Petroleum, Inc.

ralbro@cazapetro.com although he hasn't replied to me in a while, gone quiet