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Totally understand that. I'll wait for the lab results and then decide.

Let's all hope that Gilead's Remdesivir drug lives up to its promise.

Oil will be needed for the next 50 years but the price will be very low.
Only conventional projects that can produce under $25 will survive.
https://www.bloomberg.com/news/videos/2017-11-14/author-seba-sees-oil-hitting-peak-demand-in-2020-video

https://edition.cnn.com/2020/04/29/economy/oil-demand-peak/index.html

Well, BA have made 12,000 redundant. That should tell you something about the future demand for oil.

I'd take more comfort in AMC not being in existence next year...
because they've been brought out for somewhere between 10p and £1 per share

Stu, there are some cost estimates in this presentation...
https://amurminerals.com/content/wp-content/uploads/201911-AMC-Presentation.pdf

500m for a 20b asset... nice

Listen to the man...
https://www.youtube.com/watch?v=23lz9ercqvA

Agreed, can't give the stuff away right now.
Hopefully we have a shed load of gas because there is more value in it.

Woodford

yep, and then some...

I'm well underwater so I've decided to hold on and wait for the lab results.
Very frustrating because I really wanted to move on to other shares but it is what it is.

aka A Hawaiian

They're probably all as skint as PMO now.

May 2020 Futures contracts expire tomorrow

May 2020 Future contracts expire tomorrow. Traders don't want to be holding physical but there are not many takers.

I'm sure it will be around for decades but at what price?

The price of oil is going to subdued for years, there is a recession\depression coming. It would be anyway due the transition to renewables. The best we can hope for is that the more expensive shale and offshore projects will be driven out of the market and we benefit from any future upswing.

https://www.bbc.co.uk/news/science-environment-52328786