Oil rose further after its biggest two-day rally in six years last week. Brent October crude LCOc1 climbed 8.2 percent to settle at $54.15 a barrel, while U.S. October crude CLc1 gained 8.8 percent to settle at $49.20 a barrel. U.S. domestic crude oil production peaked at just above 9.6 million barrels per day in April before falling by more than 300,000 bpd over the following two months, Energy Information Administration data showed on Monday.
all eyes on asia
with brent up 8% then a good day in asia will lead to a positive day here. need POO to hold gains overnight too.
RE: Spud tomorrow?
I would like to think so. If OPEC cut a deal then US shale companies are going to soar.
All looking good here
With the price of oil going up and currently doing circa 1500 bopd approx. this should benefit Hawk. Also the five drill programme is about to start and will help increase bopd over the 2000 bopd and possibly more. Never going to get a better chance to get in at these lows imho.
Oil Is Back ??
Good read for Hawkers....... http://realmoney.thestreet.com/articles/08/31/2015/accumulate-oil-stocks-its-generational-opportunity?utm_content=buffer963ce&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer And very nice timing for our 2015 drilling campaign....... Fingers crossed !! SJ
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