Member Info for BTFATH1

Even if it does the rally is priced in at 15-20 million barrels. Where are the extra 20-25 million barrels a day going to be stored.

Back to square one again pees need to get real and realise that we are now in the midst of a long drawn out recession.
Every day this continues the whole gets deeper and who suffers those most vulnerable who are struggling to pay the bills and feed their families.

Is around 100 million bopd. Demand is down by as much as 35% and they have not even agreed a cut. I can see Brent back under 24 for a short period of time.

Trade the swings :-)

On vox markets

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Excellent article and highlights that there still could be a large commercial find. Peeps have to remember pmo paid for this drill and there will be many other conglomerates that will be interested in this data and the associated acreage.

I do think this will move back into the early 0.40’s very swiftly.

Excellent article and highlights that there still could be a large commercial find. Peeps have to remember pmo paid for this drill and there will be many other conglomerates that will be interested in this data and the associated acreage.

I do think this will move back into the early 0.40’s very swiftly.

Now around 370 million versus 970 million? I understand the impairment came off the net profit but surely the net asset value has been impacted by the 600 million writedown?

30’s before we know it the entire business is now valued at next to nothing including cash in the bank.

But some analysts are saying global demand has dropped by as much as 30 million bopd.
Sold out yesterday day at 13p looking for a reentry around 10p

But they are saying demand has dropped by as much 30 million bopd and possibly more. This will boost oil prices later on in the year if the surplus supplies are used up by then.

Sold out at 13p looking for 10.5ish as my buy back.

Around cash in the bank with a potential sizeable gas find and valuing the acreage at zilch.

Averaging 0.31 and very happy at this level.

Already

To 0.25 in 50 mins this will bounce back shortly don’t sell here

Could not disagree anymore luckcounts this offers great value over the medium term. Trade the swings in-between highly surprised at the writedown but pmo and tlw did the same.
Explains why it did not rise over the last few weeks as the market was awaiting this news.

Which watch and wait before I ponder my buy back.

Gla

Completely wrong I am selling the lot and buying back

I can see 7p being honest it is a bit of horror story I was expecting a 100-200 million net profit.
I will double up today

Pretty concerned at the writedown though and the mention of it being a going concern.
Breakeven at 33 is excellent.

Not quite sure what the market will think of this?

I’ll add more on any dips.

Pretty concerned at the writedown though and the mention of it being a going concern.
Breakeven at 33 is excellent.

Not quite sure what the market will think of this?

I’ll add more on any dips.

Bring on tomorrow with the results. Not hoping for much from opec tbh Putin is up to his old tricks