Member Info for Dark_Knight2020

Count me in 68p

McGee i take it that first oil will take another 4-5 weeks after a successful hook up ?

How many weeks will it approx take for the oil to start flowing after the hook up ? I understand from Enq and Premier Oil that it took 5-9 weeks ?

God willing the hook up happens over the weekend ... but my spidy instinct tells me (even though i am dark knight) that 3rd time lucky.... just a feeling... of course would love it to be over the weekend ... but just my gut feeling..

givingthelowdown, it is bs , not a lot of supply... all that shale crap, well most of it is shipped out of the USA, the US use Saudi and Venezuela oil...we will see.. what the coming weeks bring in terms of builds and draws..

givingthelowdown, to answer your question, the stupid manipulating EIA bunch of fabricators and liars, claimed yesterday that shale producers another bunch of liars.. that their production was at all time high of 11.9 million BOPD ... hence why the oil prices fell back or retreated as they say on cnbc.

having said that I am eternally grateful to the guys who are giving updates on the movement of the ship...

feelinlucky, exactly good point. Dr Trice did state H1 for first oil, encase i have been transported forward in time, i am still guessing it is the 1st of Feb 2019 right ? if people don't have the patience my suggestion is buy and sell crypto or gold and silver...

it will always pull back... just the nature of the game. This is the most amount of gold bought by central banks for 50 years.. so there is only one way this is going over time. I am sure there will be sharp pull backs before it really starts moving.

55$ now ... good news if it can hold hopefully it will push brent up to. Brent really needs to move above $64 to break the downwards resistance

interesting how Cairn has dropped almost 3% wonder why.

haha leftie, let us hope it holds above that. I am sure now it will gradually start climbing long as gold holds. If fatso blabber mouth Mr Twatter Trump does a deal with china then the dollar index will fall and gold will move further up ...hopefully..

Crazy that 500,000 bopd has been taken off the market and oil has hardly moved ! We should be much higher on especially WTI !

Opec and non opec 1.2 million bopd
SAUDI another 200,000 bopd
Canada another 350,000 bopd
Now Venezuela 500,000 bodp and we hardly move !!

Hopefully if fatso orange face baboon doesn’t screw up the trade deal with China then we might see it moving fast next week.

I hope the OPEC and non opec esp SAUDI tell trump to get lost if he asks them to pump more oil.

I am sure fatty will threaten to release the US oil reserves, I can see that clearly as I could see the Liverpool drawing with Leicester yesterday.

However, by Tuesday, oil traders finally woke up to the fact that the U.S. campaign to topple Maduro by essentially issuing an embargo on Venezuelan oil exports could lead to major disruptions in the market. WTI and Brent both rose sharply.

Even as U.S. sanctions simply bar American entities from doing business with PDVSA, the measures could wreak havoc on Venezuelan oil exports. U.S. refiners import around 500,000 bpd of Venezuelan oil. American sanctions also dictate that any revenues from oil sales would be put into an escrow to be managed by the government of Juan Gauidó. Maduro would obviously not want to fund his opposition, so oil exports to the U.S. will essentially cease going forward.

Guys anyone understand the RNS ? is Goldmans selling or buying stock for someone ?

downbutout, it has to do with the drop in the us dollar index hence why they are up.

haha i hope you are right buddy. Well I was reading a report yesterday and also listening on CNBC, they said that the ETF have bought the most gold since 2016, plus lots of foreign banks and gov buying gold atm .. we all know the likes of JP Morgan are artificially holding the price of silver via naked trading. I hope to God one day they are hung high in pubic for this. Well, I guess even the criminals need to eventual make money from their hoard of silver, so I am sure one day when the time is right silver will shoot to above $100 so they can offload their 750 million ouces which they have accumulated.

epiphany let's hope it is a good trading update. IMHO it is way to low at this level. I am sure eventually some people will make a lot of money

leftie you jinxed it mate... you spoke too soon. it is like pulling teeth with HOC and FRES... they should be much higher considering the good news with gold and silver and the fed.

rpoodle do you think it makes more sense to sell Zama than keeping it considering first oil wont be till 2022 or even later plus the cost of development ? I would be tempted to sell it to Chevron in part deal for something in the North Sea which is developed and producing. Plus Chevron will have more pull with the Mexican gov should any of their contractual commitments change ?

Morning all. I have been officially informed that ENQ will provide a trading update in a week or so... so in the next 5 to 10 days.