RE: Industry reaction to your proposed ad...........28 Apr 2020 20:40
It's probably worth remembering that the Spanish Flu pandemic killed many millions of people between 1917 and 1920. I don't know how much it effected world events and financial situations but the world eventually moved on and until recently the Spanish Flu was pretty much forgotten about.
I say this to remind us all that some day Corona Virus will be a thing of the past, it may take a few years and hopefully we will still be here to see it but eventually it will pass.
In the mean time JOG is in an excellent position ride out the storm without being unduly effected by it, partly because of our friends point and partly because the timing to first oil couldn't be much better.
The pandemic has only got started in many countries so it could take years for the world to recover, therefore demand will be lower than usual for some time to come. Many weaker oil producers who are relying on selling oil today and have a high production cost will go out of business before the recovery happens, which I confidently predict will be around the time of first oil for JOG.
But what would a stupid Paddy like I know.
GLA