Member Info for Brombarb

just looked at Exxon & CP to see what they have allocated for capital expenditure this year.
Exxon $16.7B
CP $ 5.5B

the latter breaks down exploration at 2B so it is possibly reasonable to use same calculation for Exxon say $6B.

makes your eyes water.

Whilst looking at ENI's accounts they stated they have $32B to spend over the next 4 years on all projects not sure what Exxon ,BP, Shell, COP plan
In the light of increased oil company profitability will we see an increased propensity to do deals rather than just pay tax. I am certainly not advocating deals will be done at any price or without due diligence
We do not know etc.

As I have often said use others posts to steer your research, understand how prospects/reserves etc are classified and then look at recent deals on the North Slope OS, Armstrong & ENI, Caelus, need also to make judgements on how POO would have been valued in any deals based on expected long term trend models, the OS deal moved between $3 & $1.3 dependent on discovery status and how options are taken up , unclear what the ENI deal was as undisclosed.
Not sure if anyone here can actually put a value on what $per barrel could be achieved, but again it would be better and more mature to have reasoning attached to criticism rather than the "you must be mad" stance.

thanks APOW

Brent $85.83 (07:46)
http://www.livecharts.co.uk/MarketCharts/brent.php

PS if you can't see any relevance then filter me, I will not mind.

5.2M traded overnight less than 0.1% of all shares
ASX 2.0c
0.02AUD = 0.0110687GBP
Chi-X 2.1c
0.021AUD = 0.0116249GBP
no change

Islandgirl for "IF" read "hopefully", no "givens" in this world and particularly in oil exploration.

Jof for what ever reason that well is subject to confidentiality, we know it had good oil shows so one can on surmise, even Bob Dudley claims not have seen the detail, but I strongly suspect Erik Opstad may have knowledge.

DNR releasing a lot of well data, some of the "prehistoric" wells will no doubt be of interest.
https://aws.state.ak.us/OnlinePublicNotices/Notices/View.aspx?id=191582
http://88ewiki.wikidot.com/license-area

Am I the only one or do we seem to have more "in post" adverts, I know its a free BB but it gets frustrating at times when a post gets split in two.

yes I must agree that some caution is required, we have no idea yet of the who, what and when's of any farm out negotiations and we wont until it is hopefully completed, my view is that the announcement of any farm out would see an increase in confidence from investors that we will ultimately achieve our objectives whether it be conventional or unconventional in a more timely and planned manner which will then drive the SP sustainably, may initially spike and then fall back but to a new higher level.
As ever some with very high expectations will be left disappointed and some will no doubt blame everyone else.
But in any case we have to get that farm out first.
By the way I do not have all my eggs in one basket the majority of my money is boringly invested in bonds, funds and FTSE100 including some oil producers.
Take nothing at face value and DYOR.

interesting that the Great Bear leases we have taken a 69.1% w.i. in are leases in which Otto via Borealis have a 10.8% w.i., so;

AEA 69.1%
Bor 10.8%
GBP 20.1%

eg. http://dnr.alaska.gov/projects/las/#filetype/ADL/filenumber/392308/landflag/y/searchtype/casefile/reporttype/abstract

she is still trying to reclaim the board for decent folks no doubt:, perhaps we should get our coats -)

Jiddy
https://www.youtube.com/watch?v=kY2SYfUyFek
or of course
https://www.youtube.com/watch?v=d4piHt4jvG4

used to love butterscotch angel delight, probably a bit like ready brek and glowing in the dark :-)

Brent $85.02(16:49)

http://www.livecharts.co.uk/MarketCharts/brent.php

LeMajor I wonder what the topic for discussion will be tomorrow :-)

Pandy2 with respect why do you believe in rampers :-)

JH may be some strategic positives to gathering a few more leases particularly now we have the NC lands.
Must be careful I may exceed the BB Policies on how many times I can post in a day but obviously we have the invigilators counting :-)

At the London presentation DW knew he had the ASRC deal and probably the GBP deals in the bag after all the former was in the pack :-), just perhaps not quite completed enough to be announced but he seemed very confident about the future.