George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Plebleens, where do you see this come T&O update providing oil stays upper end of the current range?
Couple of good days and we could be approaching 100p if we can sustain the break into the 90's, just need a positive RNS.
Any subtle hints that can be released to market TD? Just to get the ball rolling......
Not noticed you about much since you got it all wrong again.....
https://oilprice.com/Energy/Energy-General/Goldman-A-Major-Oil-Price-Rally-Is-On-The-Horizon.html
Hopefully the recent momentum will hold until the trading and operations update on the 14th.
Anyone care to take a punt on the highlights?
TR61, it's a corrupt world.
Just think forward to 2020, in no particular order ofcourse:
1, Zama sale.
2, Tolmount commissioned and online.
3, Sea Lion FID, sanction and the ever looming possibility of a new partner.
3, Refinancing on more favourable interest terms.
4, New acquisitions and exploration with enhanced FCF.
All transformational for debt reduction targets and growth, anyone care to add to that?
Bore off will you DBNO.....
VHB, the only thing that stands out for me is use of the word "we believe" shouldn't it be "we have been informed" or "instructed" the use of "believe" leads me to think they havent got a clue as to what stage the farminee is at in the decision making process, if this is all the data room and farm out process has amounted to after all the majors we have supposedly had through the data room then I'm afraid to say that our licences can't be as compelling as weve been told they are....
Severe lack of progress should lead to cutting cloth, we don't need such a top heavy team for 91bopd production and one major to be twiddling their thumbs on the sidelines.....
Looking forward to 5th Nov, Wressle date, success will hopefully provide an exit opportunity for many but will likely be a damp squib due to the volume of sells.
Admin costs excruciating at £26 per barrel of production.
This one liner tickled me "Finally, may I thank our shareholders for their support and confidence in the company going forward."
Trade deal in the making.....
"due to lack of commercial discovery"
Really TCF?
I hate to tell you this, but you're completely on the wrong page......
Should bring a nice draw on API/EIA data for the next week or two, unless of course some fudging gets done....
https://oilprice.com/Latest-Energy-News/World-News/Exxon-Shuts-Major-Texas-Refinery-After-Flooding.html
A great RNS but did people really expect the SP to rise given there is 2 years of paper shuffling ahead before drill sites are identified, that's 2 years plus application processes and farm outs so I'd say minimum 4 to drilling.
Wressle and Ireland are the only near term catalysts we have, anything else would require too much cash which we don't have.
We also have an issue with confidence in the teams ability to deliver material progress, i. e. oil out of the ground to overcome, I expect a further drop due to spooked new investors that will be naively expecting a rise from today's RNS.
Don't talk wet, Brent high was $68.3 for the day, currently $66.6, that's $1.7 drop
WTI is $0.5 down on the days high.
I know KSA/aramco have some pull in the industry however unless this is purely pipeline damage or they have remotely stored redundancy as part of an insurance strategy they will struggle with specialist items of equipment.
Even the most sultry of items in this industry are quoted on a 26 week lead time, you can generally half that by paying a premium, the team they employ have one hell of a challenge ahead of them depending on what exactly has been damaged....
API numbers just under 9hrs away, anyone want to take a punt?
Be interesting to see if US have started exporting to fill Saudi void...
Dunderhead, they sharp dissappear once they realise the BOD's promises have been pie in the sky.
I'd love to know what the recent additions have done to justify their salaries, and how much of their working week they dedicate to EOG around their "other" jobs.....
Tacuma,
Clear message in the stagnation of the Sp that we are no longer aligned in any way with POO given the recent supply fears, granted we don't produce much but I'd of expected a slight nudge.
Morocco, Ireland and Wressle, the latter two will come to a conclusion shortly, and the former can't be dragged on forever.
Meanwhile BOD continue to milk the teet dry.
Your thoughts please......