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Its possible SS was holding back until oil prices improve as well as covid restrictions , It seems in any case we are looking at 100k as a possible daily target revenue wise at current oil price 2 - 3 mil per month . very nice should get them enough to start the next drill.
https://hotcopper.com.au/threads/ann-register-date-notice.5401993/?source=email
Yes its now 12p the seller today ruined what should have been a steady climb past 9p . you cannot blame somone takeing some of the table its prudent . Massive 16 million , nice I wonder what the profit was ? Maybe back in tomorrow ah well great RNS and great upgrade by Numis who were short by 3p hope they are wrong abain and we get 15p before the next report. link to the 16 mil sell on twitter https://twitter.com/drivingni/status/1255925026399891456/photo/1
Its a very sad situation but off shore and lack of new finds including the money to drill will cause a gap in the market USA shale will come ofline soon , Companys that are producing and making money at 30$ will be the only survivors . The loans and benifits that the UK gov has announced for british companies will be needed to get through the next 3 months . If SS keeps lean the company will be a much in demand on shore asset . in 21/22 As oil will inevitably go to 100$ a barrel as predicted by analysts.
Opportunity knocks every now and then a perfect storm > Virus , USA shale ,Trump Election year, Russia & Saudi partners in crime. Only one thing can save the world A Trump Deal . enjoy the ride folks comes along every now and then.
As a result, energy consultancy Wood Mackenzie warned the world might face an oil shortage of as much as 4.5 million BPD by 2035. To date, reserve replacement is at a 20-year low, according to Rystad Energy data; Low prices we use more find less.
The cheap oil will be a much needed break for a lot of industrys that use oil and derivitives . The use of diesel and petrol will increase and the chance of expensive EVs making a dent will disappear. The price war is repayment for Trump sticking his boot into the Russian pipe line https://www.ft.com/content/a0f1b83c-41b4-11ea-bdb5-169ba7be433d. USA is an exporter of cheap shale. the price cuts will destroy them as they are already in debt and are before the cuts struggling to raise finance good by USA shale. Who benifits well Saudi and Russia both as Opec can again control prices Once Trump is out of the equation . long on Oil .
Onshore will survive and big oil will be looking for good oil reserves .UKOG may sell the asset and move on to the larger reserve IOW. USA shale will fail and big oil will reduce expenditure on exploration and companies that have proven reserves will be of interest. Exciting times for a jnr.. I'd imagine the long term view is oil will end up being more expensive as exploration is cut back on costly off shore and with USA shale failing ,Coupled with poor country's swapping back to diesel and petrol as it has become cheaper will result in greater demand. E V s are for the rich not the other 80% Of the population .
Good points , Onshore is the least expensive when it comes to drilling wells . Just 500 bopd will finance the next drill well we have permission for 6 . At 3mil each and an estimated 3500 bopd within 20/21. It does just come down to having the first well into production the rest should follow with relative ease . looks to be the beginning of spring already with green shoots appearing everywhere on the HH site.
Great ?? post ,He would need to be lock in an asylum SS if he bought and gave away so many shares if he did not think the acreage was going to double or treble the value of the licences . He W pound also suffer with regards to his reputation and legacy he will not want that . Best guess for the mere mortals is trust the guy who took one look at the licence in 2015 and took the job as ceo .
A #HongKong hedge fund secretly built up the biggest ever short position in the #UK by taking huge bets against
@PremierOilplc
shares #PMO did not disclose until Friday, revealing an enormous 17% short position worth £132million.
https://thisismoney.co.uk/money/markets/article-7767747/Premier-Oil-target-record-132m-short-bet-Hong-Kong-hedge-fund.html via
@thisismoney
The UK has used an average of 1.5million barrels of oil and 7.7billion cubic feet of gas A DAY so far this year. It now seems that the public have been duped into believeing EVs and wind farms are the soloution to the Suns affect on the planet or is it more business related or oil comservation. read the article on how the real damage is beong done to the planet by the very thing they say they want more off. Id also like to add the next time anyone needs tyres crayons phone laptop or needs to go to hospital all plastics syringes saline bags and 1000s more are all oil derivitives simply put we cannot survive without it read tha article then do some research before making decisions about oil the most importan natural resource on earth. BBC News - Climate change: Electrical industry's 'dirty secret' boosts warming https://www.bbc.co.uk/news/science-environment-49567197
Education isthe main reason the protestors get involved . they usual are using all the oil derivites in a daily basis.
Renewable energy. Wind turbines, for instance, are made of metal that is mined—with most of the equipment powered by oil-derived fuels—processed (at high temperatures currently only achievable with fossil fuels at cost), and impregnated against corrosion, with oil-containing chemical coatings. Solar panels are also far from fossil-fuel free during themanufacturing process.
Eating locally is certainly a commendable choice, but it’s worth noting that it is a choice usually made by either one of two groups of people: those wealthy enough to afford the normally higher prices of local producers and those too poor to afford anything but what is produced in the vicinity, sometimes as part of a barter economy.
But the United States currently imports more than half the fruit it consumes and a third of the fresh vegetables. While there are many reasons for this, one of the drivers of food globalization is—you guessed it—cheap transportation. And now these fruits and vegetables can reach more people.
When the conservatives win the next election would imagine most councils will be run with a bit more sense . I expect less restrictions in the O&G indsustry December the 12 good bye to the misguided fools who slow up planning. I can see a distinct change in policy. Stand by
Its important that the locals realise its not all about them . Its about the UK we are currently importing at a cost and can be held to ransom for te life blood that is Oil . Its not just about the moror industry the uneducated need to study the 75 uses of oil that we use dail and the do aswell. https://www.iogp.org/oil-in-everyday-life/