Oil Price Flat as Gas Prices Rise; PetroTal and Rockhopper See Share Gains

The oil price has remained relatively flat today, despite market expectations of imminent talks to revive an agreement.

However, the natural gas price has increased again due to concerns about European storage levels and a lack of physical supply.

PetroTal Corp's shares have begun to recover after a recent slump, with a 16% increase over the past month and 22% over six months.

The company is set to begin a fully funded drilling campaign that could see production rise by more than 65% within the year.

Meanwhile, Rockhopper Exploration has raised approximately $180 million through an accelerated bookbuild, with plans to accelerate the development of the Sea Lion project in the Falkland Islands.