Ace timing10 Oct 2018 10:55
Oil $84 a barrel.
U.S. about to shut down Iran.
Shouting at Saudi's to turn up production....but can they ?
Oil cushion seems diminished.
Possibility of $100 a barrel oil.
Is the U.S. plan .... to pile into Georgia. They could then call the shots in the region if our reserves of 41.5 Api are at Codey levels.
It's Exxon.
...And the Gas ......a lot of facts are in the rns's. Worth reading through them all. T45 'kicks' , elevated background gas with significant connection peaks, 7500 psi, T39 pressure increasing,...... we're sat on gas everywhere.
BP must be in the mix .....surely ?
It's the right time for a deal. I think if we don't sell block12 outright, then we will all be very pleased as overall estimates of oil and gas in place go up over the coming years, as more class 'A' wells are drilled by our new found friends via JV or JO.
Very comfortable with my investment here.
JMO.