RE: Good RNS from the good Doctor.20 Mar 2020 00:13
The Greatest news for me in todays RNS was a complete broadside to the Lemon Fool conspirators, ie
'A 10-metre water zone in the 205/21a-7Z well has been identified which is interpreted as perched water. Whilst water cut has increased over time, such behaviour is consistent with the perched water model. To date, water cut has not impacted on production guidance'
Plus our continual cash generating capability, albeit at a lower $/Barrel and that may well change to the positive given China's slow recovery from CV19 as the tide of new cases as of today is zero.
Further, news of some closure/shutdowns of NS operations may offer opportunities for HUR/Spirit, some Oil companies may well be insolvent and others may consolidate their interests , but consolidation could also mean co-operation/joint ventures?.
Oher players without large debt mountains may well see this as an opportune moment to strike new alliances in the midst of the global CV 19 crisis?
Of course all of this has to be balanced against the OGA but given current events, Govt policy /Wonga, will have the greatest sway from now on IMHO.