RE: Back to the lows30 Mar 2020 14:03
I have just been watching l2 on BP. Price rising, some sort of truce on the cards over Saudi oil production maybe. Maybe not! but an interesting watch nonetheless.
New acquisition--has not been acquired as yet, and has production at around 250, current psc liabilities have been met, nothing more to pay out in that respect. Block success has been--luck--in as much as there is more gas than expected which will be coming to market over thenext3 months. Schlum acquisition is one to get teeth into for next year. Schlum don't want the hassle of developing a difficult geology, corporate overheads are higher, block can do it with lower costs hence their retention of shareholding. Just my view of course. S