Get this year out of the way, do the drills, and get the remainder up for sale!! However positive people put a spin on this the market thinks different. After all, what good is 100 million on the balance sheet if you end up finding an asset only to sell it for less than you've spent finding it.
"""The target for full operation of the Indonesian Deepwater Development (IDD) gas project has been delayed by up to two years to around 2020, reducing the country's prospects of remaining a major gas exporter.
The delay to the $12 billion ultra-deepwater IDD project comes as Indonesia scales back exports of liquefied natural gas and looks to future imports to help meet rapidly growing domestic demand."""
"For all the noise about oil’s collapse, the market is saying not that much has really changed: Higher prices will be back soon enough because the current slowdown in demand growth will prove fleeting."
"Today’s prices can’t “be considered the new normal, or at least not yet,” Paul Horsnell, head of commodities research at Standard Chartered Plc in London, said by e-mail yesterday. “The back end of the curve does seem happier above $90.”
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.