Member Info for Dark_Knight2020

SIPP , in the report below from Atlantic Markets and the last trading update Hur said the well has been abandoned... so does that mean that they will try to get to the oil field from another well which they are planning to drill ? Just trying to understand, sorry if the questions have been answered previously

Warwick Deep Shut down
Recent news has impacted the share price considerably and despite the pre-drill estimates suggesting
up to 900m barrels they have now moved to plug and abandon the well as it cannot be considered
suitable for future production.
The company completed a farm-out deal last year involving the sale of 50% of its Greater Warwick Area
to Spirit Energy, who is covering the cost of the campaign.
Despite this outcome focus now shifts to the next well, Lincoln Crestal. This is now the preferred tieback candidate for the Lancaster field. The second well in the three-well programme. Lancaster EPS
(early production system) production operations remain in-line with guidance.”

thanks for posting interesting analysis. Does that now mean Hurricane's total oil reserves are 900 million less since Warwick was a duster ?

like i said no one is buying the USA ulta light shite shale ... i call it USA-ULSS....that is what is contributing to the build. Obviously with Gold holding up something big is about to happen. With all the sanctions and oil problems I cant understand why the builds are so high. Does anyone know how much USA-ULSS was produced ?

yeah Gusher it did hit 76.60p at 2.08pm and in the morning it did briefly before the buger fell.

guys as much as I love to talk about iran and Israel bombing the shit out of each other and war strategy and who would win etc etc etc anyone want to predict the eia number ? surprise drawn or build or ....?

DBNO, I was watching CNBC yesterday and one of the analyst also said WTI could be heading to $52, reminded me of what you said, but I don't see how that is possible with the sanctions on Venezuela and Iran and the trouble in Libya. Also the US production is now down to 12 million bop, a drop from 12.4. What is your opinion on this ?

Thanks for the info TR61

Tr61 like I said it always goes opposite when opec meet.... only time it hasn’t from when I can remember is the first time when they made this agreement

DNBO, next time remind me when OPEC meet that oil will tank and sell the day before. Every-time those morons meet oil tanks... so stupid and manipulated by the traders.

Back to 20p

now now boys keep it clean... no need for insults ..and sauer it is not nut fanny it is fanny baws...

the big factors are this week:
1. G20 will fatty and annoying commo xi manage to do a trade deal or give positive news of some sort and delay the 300 bil tariffs
2. will opec extend the cuts or even surprise and cut further

we know there will be a direct conflict with Iran and the warmongering USA sooner or later since it has been part of the blue print the Project for the New American Century

Kilmera thanks for posting the link of the news.Otherwise I would have had no idea why it was going up.

guys anyone else in the Friday club or am I the only plonker who bothered to reply ???

I say 2.07 if oil is at the same price point by Friday and if Iran are implicated in a further tanker attack and if oil hits $70 then £2.40

hasiba you have indeed lost your marbles, I respect everyone's opinion even yours but seriously BoJo the racist clown??... in fact forget him being a racist... the man is a pure utter clown, A cheap Poundshop version of fat boy Trump. Well I hope BoJo wins, nothing would give me more pleasure than to see that overgrown buffoon fail and fall flat on his fat blubber face or maybe he is too smart for that and will drop at the final minute.

one week from next Tuesday OPEC plus will have a decision.. i hope fatty trump and xi the modern day fascist reach an trade agreement, Whatever happens the next 9 trading days will be interesting.

does anyone have any idea why the number of barrels this wasn't put on the RNS yesterday by HUR ? I did email HUR IR and they are useless as a pack of chocolate cigarettes ...surely 356K barrels is great news ? maybe I am stuck in the twilight zone ..

Thanks amaja for the info...

The captain of the Amundsen Spirit has communicated to the Rotterdam Harbour agencies the following information concerning her cargo:
47.389 tons of crude oil which is apparently the equivalent to 356.429 barrels of crude oil (from Lancaster).
Is this precise enough?

Just need a good api and eia draw but something is telling me it will be a big build ?????? hopefully not ... nobody wants to buy that ultra light crap US shale..

Biffadog, I agree good news but it’s better news and more credible when it comes from the horses mouth. Why stop of just giving a number ? I don’t get the logic.

I hope people will complain to investor relations ! Utterly stupid naive thing to do. Sorry don’t buy the nonsense that it’s a teaser for investors day. Be transparent ! Not much to ask for.