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Oil price, Predator, San Leon. And finally…
Predator has announced results for 2020,highlights as follows. Loss from operations of £1,689,521 (2019: Loss of £1,279,243), cash balance at period end of 2020 £1,325,75 (2019: £109,716) with restricted cash of USD1,500,000 (USD1,500,000 for the period ended 31 December 2019).
WTI $66.85 +64c, Brent $69.46 +59c, Diff -$2.61 -5c, NG $2.96 -2c, UKNG (July) 60.51p -3.49p
Oil price
Another up day yesterday and with it up a few pennies this morning it looks like the week, and incidentally likely the month, will be around 3 1/2 bucks higher with the US leading the way. Further good economic data from over the pond includes the recent GDP news with the quarterly 1.6% growth and fall in jobless numbers both indicating that the economy may be running hot after all.
Decklar Resources has announced an update to operations at the Oza-1 well re-entry at the Oza oil field in Nigeria through the Company’s wholly-owned Nigeria-based subsidiary, Decklar Petroleum. The Oza field is located onshore in the northern part of OML 11.
Some of the residents who spoke with our reporter said that the cassava processing plant will create employment among the youths and hundreds of residents of the community.