I think the average for the first five days of the month was somewhere between $110 and $112 per barrel. The last five days around $105. That is one hell of a lot better than the $84.5 per barrel we achieved from the last uplift.
Cambo Oil/Gas Field License Extended30 Mar 2022 12:31
This has been extended for two years, confirming that the government is happy with further north sea oil extraction and exploration. Give us the all clear in effect to progress further
The price of oil will not plummet even if the war in Ukraine ends tomorrow. The world wants less reliance on Russian oil and gas and they won’t start using it again just because Putin might pull his troops out. They need to starve that regime of cash so they can’t tool up again.
Whenever you climb a steep hill you have to stop for a breather occasionally. The next decent rise will be when the financial results of the recent uplift are announced. Investors are still looking at the amount of barrels per day being pumped out as an indicator of the next 6 months trading at this crucial time of clearing debt and accumulating cash for future exploration.
He’s finally put his money where his mouth is… Or where it should be, having heard very little from him. Still it’s a very positive sign, I expect a decent percentage rise from this news alone.
This is the most positive and forward looking RNS I think I have seen in years from hurricane, Debt behind us and accumulation of cash and enough of it generated to be able to move forward and drill new Wells.
RE: Steady Increase in Recovery of HUR share price25 Mar 2022 08:44
I’m sure we will see 10p again today, then when we get the results of the recent upload we should be able to move further. I would expect figures to be produced possibly by the end of next week. The current crop of oil has been offloaded at a German port and the tanker has moved on.
Noel, I am assuming you have difficulty or don’t know how to reply to a thread, otherwise you wouldn’t be starting a new one each time you wish to make a comment. If you don’t know, simply reply to a message on your thread. Please stop making new ones.