RE: Ujo24 Oct 2021 20:26
persimmon...In a very recent interview Prince Abdulaziz bin Salman has suggested OPEC will keep the scheduled 400,000 bopd increase for December. As we know Biden is asking for more output and the Prince's comments are mockery in reply saying ..
"I would not reflect on that, it is above my pay grade. I am a technician and I deal with technical issues.."
Prince Abdulaziz bin Salman is aiming for a circular carbon economy as his approach by 2060 by working with those who want to create and deploy green technologies. They will meet yearly and it is not a PR stunt like I see COP26. His people and economy will come first in all of his choices which will be a balance of gas, oil, solar , wind, hydrogen an nuclear.
As a technician Prince Abdulaziz bin Salman stated he would also limit exports of oil an gas and make energy home grown priority wherever possible. The prince says OPEC makes 'voluntary cuts' too and not quotas. OPEC+ is very much in control here and vowed to 'drill every last molecule.'
The man is a master and puts in to perspective how amateur our energy needs are in the UK and dealt with by councillors making decisions which are clearly wrong with costly appeals. I look forward to the UKOG Loxley decision, I see that as a win too like Wressle. And of course we approach the Biscathorpe planning meeting on the 1st Nov. Biscathorpe has always appeared a favourite of David's so I do look forward to that.
The point you miss persimmon is that Brent is going to keep rising. Wressle is a dream well and the surprise winner in the roll of three dice at the moment, in terms of Union Jack Oil's assets.
Who would not be over the moon with a well that I personally see giving David 'substantial' profits in the MULTI millions of pounds.