You have inadvertently confirmed why the oil price has crashed.
not a ramp and i cant say where i got this info from but i have it on good authority that ithaca have more oil than they know what to do with.
RE: Oil Tips
There's always a chance of an upward lift, such as Enquest's gain today. The other thing that might give us a blip is a change to North Sea tax rates. Other than that, we should see a nice steady rise towards £ 1.00 by the end of the year, imho, based on an oil price of $60 by the end of the year.
18 Jan '15
Re :Oil Tips
Major- You are correct the Stella (GSA) field is due to start production at the end of this year. However any delays or problems will obviously have a detrimental effect in the share price.
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