RE: Union Jack or Beacon Energy20 Oct 2023 07:16
Global inventories at all time lows with tight supply now coupled with an escalating war. Notably, with oil revenues soaring an all sanctions relating to Iran's nuclear ambitions lifted this week Tehran has new financial capacity. 'Super bullish' as Amrita said to me in a DM.
I am not so sure that Biscathorpe is a 'little well ' My understanding it it could be on par with West Newton.
I would agree with you on 'inflated wage' with a very poor share price performance so far..traders have done well...but with oil price looking very bullish the next 12 months could see a substantial rerate here if West Newton, Biscathorpe, Wressle an Keddington all come to fruition. Also, Beacon Energy, whom Union Jack Oil hold a TR1 in could be producing substantial amounts of oil with all their drills.