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The shorts need to close and the ‘mystery’ background buyer looks to add. With no concrete evidence of any cash raise and the Zama news imminent, I feel we’ve seen the lows today, and we can now go on to attempt to fill that gap on open. No love lost between the battling parties, with the antics on show. Surprised Danny Fortson involved, since he’s been more tech related journalism recently.

Still digging for information on Riverstone and their relationship with Goldman.

Opening Gap to fill now.

Watch GS add to their client’s swaps position, there’s a lot more going on in the background than any of us can imagine. Proper battle. Subterfuge for the shorts to get out, before the bigger news hits?

‘Industry sources’? ie LSE bb......proper journalism

The timeline looks to be tied in with results of zama, foolowed by a sale aided by our good friends Goldman and Riverstone, with proceeds used For Chev assets or MOL if they get outbid. Nice accretive NSea portfolio, with the bankers happy as plenty of asset stripping deals to be done.

It’s all interlinked....Goldman back and have a stake in Riverstone, who were the original backers of Talos along with Apollo before they merged it with Stone to make it a public company. They also behind the sell of Sierra ( the other partner in Zama) to DEA. New board member used to be senior member of Goldman’s Natural Resources M&A. Riverstone holdings UK have NSea exposure.

The Goldman stake building for unknown party is the key. In my speculative head it more likely to points to a sale after this appraisal. Use the money to buy MOL assets? Plenty of fields for sale in Nsea basin, so am sure MOL assets getting cheaper, especially after the recent oil price uncertainty. Then build up the war chest to develop Sea Lion?

Outside speculation , merger with Cairn, RI to buy Chevron Assets, or full takeover from Private Equity, strip assets, and utilise very sweet tax credits? Must start on the pop again.

Still waiting for next Goldman RNS, as they are still increasing as the share price goes up, so not hedging an option. Interesting times and the bankers must be rubbing their hands with glee about all the possibilities.

The connections between Riverstone, Talos and Goldman make interesting bedtime reading

Nearly 7% cfd position. Stake building for whom? Somebody wants a cheap way in...... Will Zama news be the trigger or something else? The mexican potential surely the goal?

Happy with today’s update and cash generation quicker than expected with the lower Capex from earlier in the year.. good hedging ensures more to come. $45 b/e. Excellent numbers on the sing 180 vs eastern gas prices, coutesy of IMO 2020.

Back above the 50 day MA (ditto Brent)and the ever popular 78p resistance.

Good Luck all

Been distracted last few weeks but boats roughly 7 days apart at Catcher. 66kbd and more on a good day. Reserves upgrade soon.

Bailie Gifford have been with us since early summer last year, but have obviously been adding over the last week or so. Along with what looks like Goldman position with derivs for a client, have to feel something is happening in the background. Interesting times indeed.

Maybe more a client position they are holding....? interesting times

Massive options position then if resulting delta gives you 6% of the company. Definitely more to it. See if it reduces as sp moves back up.

Happy New Year, Chart broken out of the downtrend thankfully, Long walk back up the stairs when the lift is broken.

More importantly the Goldman interest is still intriguing me. Deriv based so not doing the Black rock and Deutsche and lending out to shorters. Definitely more to it and been building steadily as the share price has come off. Hedging against what option? or hedging for somebody else? Maybe have to wait for Zama results in a few weeks to help solve the potential suitor...? Good Luck

And Scott Spirit due there on Tuesday morning. Pump rate,higher than the share price.....

Anybody got a view on what Goldman are upto? Feels like they are pre positioning for something or are they facilitating something else . Premier will need some help absorbing those Chevron assets....Middle East Sovereign Wealth fund ?

Looks like the options players around ftse 250 demotion are having to close positions. Should see another reduction in shorts over next few days.

Just need green light from Chinese Government to start buying US crude again, then stocks can start to reduce. Plenty of buying to be had before Chinese New Year. And fresh government quotas from the teapots? OPEC barrels on water will surely be lower in Dec.

Uptrend line has held, now we have the long walk back up the stairs...

‘‘Tis the Navion Oslo, 8-9 day turnaround after 2x7 day turnarounds

The long term uptrend line seems to have held.....just. Draw the line from 19 low to the 42 low.

Boat at Catcher this morning, so back to the high 60s /70kbd. 7 day turn around

Sitting on the original uptrend line up from the 19p low connected to the 42p ish low from June 2017. TaKe a look on the weekly chart. RSI screamingly oversold.

More importantly, neckline of an inverse head and shoulders on the smaller scale wit charts, with target 2 dollars higher. Important line.

The old stubborn 78 resistance , still keeping support here. Good a place as any to stop the rot, coupled with an unbelievable RSI of nearly 20 on the daily PMO.

ENSCO 8503 en route, now just north of Yucatan, ready to spud Zama before month end as per update. Could really do with some good news flow. 78 always used to be the sticky resistance number. Never thought we’d be using it as support again.

At least US Nat gas movements may stop...what a weekly candlestick. Amaranth mkII or urban myth? Oil has some ground to retrace? Gasoline cracks through the floor (wouldn’t want to have light sweet US crude), IMO 2020 move from fuel oil to distillate rich crudes In the less sophisticated western refiners. Certain NSea oil fits the bill.

The conspiracy theories are rife, facts are in, share price really has more than its fair share written into it compared to last updates. Just how to change the sentiment? Fundamentals ..... shortest proxy has been good, just a law of diminishing returns before the fundamentals rule once more....and technically we are still in an uptrend from the 19p low.....feel like it’s been stretched into a wind sock! Good Luck if you’re still believe

They still fulfilling operational claims.Stena Natalita back at Catcher on Sunday. 7 day turnaround, 70kbd phase as per the update. ENSCO 8503 now gone AIS out of range so hopefully on the move to Zama?

Understatement, but disappointing to be at bottom of guidance, with Catcher doing so well, let’s see how the new drills help, and if we get a capacity upgrade from 66kbd.

Charts somewhat over extended, bounce off the 76.4% retracement (not my favourite level but still stopped the rout)? , which we are now resting on. Hurting on this move but Relative value doesn’t feel right after the update. Sentiment is cruel, especially when cable is through the floor and BP puts on near 2%. Doesn’t make sense to me, so not bailed and sold other oil stocks to buy more here today. Madness maybe, but the world hasn’t stopped buying oil and Chinese Demand is still positive...

New Chinese tariffs put on hold ? Thanksgiving rally and bottoming out? Apple and Dow expecting s decent holiday season? OPEC will have to react, as flooding the market obviously didn’t work...., save the turkey for Xmas.

OPEC now saying that they need cuts of 1.4mmbd to balance the mkt in 2019, as Iran cuts are staggered for at least the next 180 days; causing Brent to pop.

It wasnt the plan, hence the languishing share price 2017-early 2018. Side track and redrill of fractured base play with a bit of hurricane love may help next year. Bit of a turkey but not a dead duck.....thanksgiving can’t vome soon enough! island bottom on BP tomorrow and a small bounce here? 3q numbers shouldn’t be a disaster, and Saudis have a plan it seems. Bounce off the monthly support to keep the traders happy? Scott Spirit was on a 6 day turn around before results day. Fingers crossed and anybody know the last digits of Andy’s number plate?