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This was the link... https://www.bloomberg.com/news/articles/2018-04-24/frackers-preach-patience-on-payoff-from-70-oil-growth-in-shale The other one useful reading too!

Confidence returning to shale operators https://www.bloomberg.com/news/articles/2018-04-24/permian-basin-seen-growing-to-largest-oil-patch-in-the-world

At first glance, the market didn't like it, oil price drops. Now they like it - price goes back up. LOL

Yeah, we really are!! LOL

https://uk.reuters.com/article/uk-oil-prices-kemp/commentary-mission-accomplished-for-opec-as-oil-moves-from-slump-to-boom-idUKKBN1HV1RD

They'll be able to get into the FTSE 250 too! ;-)

Almost $2 up from the day's low.

I heard it was embarrassment for all the wrong calls he had made over the last 18 months... Most recent calls on the oil price showed he was really out of his depth as the oil price again took off, contrary to his predictions.

Anyone seen Mandy.P? Must be out playing hockey, again. :)

BOOM!

https://www.bloomberg.com/news/articles/2018-04-22/hedge-fund-investors-pour-into-oil-as-firms-predict-surge-to-80

https://www.reuters.com/article/us-markets-oil-stocks/oil-stocks-face-crucial-earnings-test-as-investors-venture-back-in-idUSKBN1HR0KC Premier gets a mention. Only a matter of time.

After all the chatter today, he said, she said... it's rising again! $73.70 per barrel of Brent!

The debt doesn't need to be wiped out, just managed. Production from Catcher at a good oil price will quickly help to bring debt down, and give extra cash flow for other things. How else does the silly kraut expect us to fund the other upcoming projects??

Up from $80, now they want $100! From ii: "NEW YORK (Reuters) - Oil futures jumped nearly 3 percent on Wednesday on a decline in U.S. crude inventories and after sources signaled top exporter Saudi Arabia wants to see the crude price closer to $100 a barrel." And of course Iran: "LONDON (Reuters) - Oil investors are taking no chances that Iran�s nuclear deal with Western powers will remain intact next month. Volatility, a measure of options demand, for options that allow the holder to buy Brent futures between $75 and $80 a barrel, has risen this week above 30 percent to its highest since late 2016. Iran pumped nearly 4 percent of world crude oil in March, according to the International Energy Agency. The options market shows that in the last month, investors have bought more than twice as many calls at $75, $80 and $85 that expire in late May than any other option maturing at that time. Open interest in $75, $80 and $85 May calls has risen by nearly 60,000 lots in the last month, and almost 10,000 of that total has been added in the last five days alone."

Phew! Bit of profit taking on PMO today, naturally. No doubt the Jammie Dodger in for his few pence ride and out again. SP creeping back up now?