I have a suspicion that increasing US/Iran tensions will give an increased probability of a US/China trade deal.
https://www.cnn.com/2019/06/25/politics/trump-iran-rouhani-response/index.html
Hopefully Brent can stay 65+ ready for next week's draws.....
Was sent a video of this today, thankfully no reported casualties as yet and hopefully it'll stay that way, looks like it had the potential to be tragic.....
https://news.sky.com/story/major-fire-triggers-huge-explosion-at-philadelphia-oil-refinery-11746259
https://news.sky.com/story/major-fire-triggers-huge-explosion-at-philadelphia-oil-refinery-11746259
Heidelberg,
I've been called out for my opinion of late on this however that's the top and bottom of it, the situation can be dressed up any way Hugh likes however if things where as good as he says we'd no doubt have a decision back, or another company competing for the deal.
I hope to be proven wrong......
Tacuma, I was shot down for such negativity turn of the year and absolutely nothing has changed more than 6 months on.
Eog need to put a stop date on this farm out nonsense as just relaying that "the decision is with the majors head office" just doesn't cut it when we don't even know who said major is, or what their reasons or motives are for the delay.
I'm of the opinion that if our licences and the geology was that compelling we would have more than one major chomping at the bit and this would be a done deal by now.....
That's a savage yet truthful opening statement.
The whole system is a shambles and begs you to question the ability and intentions of those who orchestrate and manage the whole licencing and consent process.
I've gone from majorly confident, to moderately confident to having no confidence whatsoever in my investment here, with an average of 8.9p and kicking myself for allowing myself to "believe" whilst allowing my investment to shrink to an amount its not worth selling for I find myself lost, therefore sat holding a massive loss, I think even selling at half my average would be an achievement right now.
I'd like to see Hugh and those two new guys (whom Nobodys clapped eyes or ears on) sat in front of a camera delivering assurances that everything's in order and we're on track towards achieving our end goal.
Anyone still having positive thoughts for the BOD?
Practically on the verge of 1p per share, meaning mcap minus cash is lower than the value of placings over the last 5 years, shareholder value or just cap in hand paying the wages for the boys?
If farm out doesn't happen 2019 I expect the board to be slashed, we must be verging on being one of AIM's worst performers....
Just a lucky find Sauer, what was also interesting was the vehicle sales statistics, sales of ev`s isn't rising anywhere near as much as the media would have you believe....
Hope you're in good/better health.....
Attended a presentation yesterday and one of the topics was IMO 2020 with marine traffic having to adopt lower emmision levels by burning low sulphur fuel, limit dropping from 3.5% to 0.5%
https://www.governmenteuropa.eu/imo-2020-compliance/93654/
Does anyone have an opinion on how this will affect demand going forward?
Glass half empty crew are back in town....
If FIG did revoke the licence wouldn't we be protected by the energy charter treaty anyhow, as with Ombrina Mare?
Anyone know the time line for the result of the hearing? Surely we must be getting close to hearing the result......
Today's gains just go to show how quick this can turn even on no news.
Makes some of the statements made in the last 48hrs look a little silly.....
Truth is nobody knows where this is going.
For all we know Zama could be exceptional and go up for sale within a week.
Truth could come out about quantity of lights making up the builds in US storage.
Bombs could start dropping in the strait of hormuz:
https://www.reuters.com/article/us-mideast-attacks-iran-idUSKCN1TI12B
Trump could turn the trade deal around with China.
My guess is that the builds of late will plateau as seasonal demand increases and us rig count falls with oil floating around $60-62. Giving PMO a reasonable year overall.
Any of the above occurrences should give a boost IMO.
Mysteryguy I'm confused, could you please elaborate?
Dodger, DBNO talks bollocks all day long, everywhere I look Brent is pinned at around 63.4 - 63.5.
DBNO's game is to make sweeping comments guessing the daily outcome in the hope that 1 in 1,000 times it comes right, dangerous to newcomers and a blatant deramper.
Exceptionally desperate today DBNO....
Members,
I didn't say I was waiting for the sp to drop, I said it's a shame it didn't stay low for another week as I would have bought more when my work bonus gets paid, to put it clearer for the muppet that can't understand, I basically said the recent lows are a great buying opportunity - you really are hard work.....
And thanks for the compliment....
Members,
You invite negative attention to yourself with your constant bleating.
Still in here, just a shame the recent low couldn't hold for a week as I'd be ploughing my work bonus in here come payday......