Member Info for Kiwi_

OPEC members suffering from low oil prices. With Brent in the mid-$50s, the budgets for OPEC members will come under strain, and perhaps only Kuwait can see its budget breakeven. Low prices could sow unrest in several OPEC member states. “At current prices, too much attention on shale, not enough on OPEC,” Olivier Jakob, managing director at Swiss consultant Petromatrix GmbH, told Bloomberg. Libya and Algeria, for instance, need oil prices above $100 per barrel. Even Saudi Arabia needs oil north of $80 per barrel for its budget to breakeven.

https://oilprice.com/Energy/Energy-General/OPEC-Battles-To-Halt-Oil-Price-Collapse.html

https://oilprice.com/Energy/Energy-General/OPEC-Battles-To-Halt-Oil-Price-Collapse.html

North Sea oil emerges from downturn. Many obituaries were written for the North Sea during the 2014-2016 oil market downturn, but the region is starting to see a bit of rebound. A series of M&A deals this year have led to an injection of new investment. There are still formidable hurdles in the medium- and long-term, but S&P Global Platts reports on signs of hope for the aging oil basin.

Yes, confirmation of spud and commencement of drilling in addition to results of West Brentwood drill and a possible update about the Rathlin drill (Spud due January).

Expecting an RNS tomorrow, Thursday or Friday confirming any of the aforementioned

More like Hudson sails off into the sunset with all the assets

Here she is on all her glory! Picture taken today c/o @MKilloh Ensco 72 at Wick North Sea Scotland, drill is between two known oil discoveries. Lybster and Beatrice, 250 MMbbl 30% COS. SPud RNS Monday

https://pbs.twimg.com/media/Du9jH1cXQAMBPmM.jpg:large

https://twitter.com/Mkilloh

https://twitter.com/Share_Talk/status/1076189176754851840

North Sea oil emerges from downturn. Many obituaries were written for the North Sea during the 2014-2016 oil market downturn, but the region is starting to see a bit of rebound. A series of M&A deals this year have led to an injection of new investment. There are still formidable hurdles in the medium- and long-term, but S&P Global Platts reports on signs of hope for the aging oil basin.

https://oilprice.com/Energy/Energy-General/OPEC-Battles-To-Halt-Oil-Price-Collapse.html

OPEC members suffering from low oil prices. With Brent in the mid-$50s, the budgets for OPEC members will come under strain, and perhaps only Kuwait can see its budget breakeven. Low prices could sow unrest in several OPEC member states. “At current prices, too much attention on shale, not enough on OPEC,” Olivier Jakob, managing director at Swiss consultant Petromatrix GmbH, told Bloomberg. Libya and Algeria, for instance, need oil prices above $100 per barrel. Even Saudi Arabia needs oil north of $80 per barrel for its budget to breakeven.

https://oilprice.com/Energy/Energy-General/OPEC-Battles-To-Halt-Oil-Price-Collapse.html

https://oilprice.com/Energy/Energy-General/OPEC-Battles-To-Halt-Oil-Price-Collapse.html

OPEC members suffering from low oil prices. With Brent in the mid-$50s, the budgets for OPEC members will come under strain, and perhaps only Kuwait can see its budget breakeven. Low prices could sow unrest in several OPEC member states. “At current prices, too much attention on shale, not enough on OPEC,” Olivier Jakob, managing director at Swiss consultant Petromatrix GmbH, told Bloomberg. Libya and Algeria, for instance, need oil prices above $100 per barrel. Even Saudi Arabia needs oil north of $80 per barrel for its budget to breakeven.

https://oilprice.com/Energy/Energy-General/OPEC-Battles-To-Halt-Oil-Price-Collapse.html

OPEC members suffering from low oil prices. With Brent in the mid-$50s, the budgets for OPEC members will come under strain, and perhaps only Kuwait can see its budget breakeven. Low prices could sow unrest in several OPEC member states. “At current prices, too much attention on shale, not enough on OPEC,” Olivier Jakob, managing director at Swiss consultant Petromatrix GmbH, told Bloomberg. Libya and Algeria, for instance, need oil prices above $100 per barrel. Even Saudi Arabia needs oil north of $80 per barrel for its budget to breakeven.

https://oilprice.com/Energy/Energy-General/OPEC-Battles-To-Halt-Oil-Price-Collapse.html

OPEC members suffering from low oil prices. With Brent in the mid-$50s, the budgets for OPEC members will come under strain, and perhaps only Kuwait can see its budget breakeven. Low prices could sow unrest in several OPEC member states. “At current prices, too much attention on shale, not enough on OPEC,” Olivier Jakob, managing director at Swiss consultant Petromatrix GmbH, told Bloomberg. Libya and Algeria, for instance, need oil prices above $100 per barrel. Even Saudi Arabia needs oil north of $80 per barrel for its budget to breakeven.

https://oilprice.com/Energy/Energy-General/OPEC-Battles-To-Halt-Oil-Price-Collapse.html

North Sea oil emerges from downturn. Many obituaries were written for the North Sea during the 2014-2016 oil market downturn, but the region is starting to see a bit of rebound. A series of M&A deals this year have led to an injection of new investment. There are still formidable hurdles in the medium- and long-term, but S&P Global Platts reports on signs of hope for the aging oil basin.

https://oilprice.com/Energy/Energy-General/OPEC-Battles-To-Halt-Oil-Price-Collapse.html

North Sea oil emerges from downturn. Many obituaries were written for the North Sea during the 2014-2016 oil market downturn, but the region is starting to see a bit of rebound. A series of M&A deals this year have led to an injection of new investment. There are still formidable hurdles in the medium- and long-term, but S&P Global Platts reports on signs of hope for the aging oil basin.

https://oilprice.com/Energy/Energy-General/OPEC-Battles-To-Halt-Oil-Price-Collapse.html

North Sea oil emerges from downturn. Many obituaries were written for the North Sea during the 2014-2016 oil market downturn, but the region is starting to see a bit of rebound. A series of M&A deals this year have led to an injection of new investment. There are still formidable hurdles in the medium- and long-term, but S&P Global Platts reports on signs of hope for the aging oil basin.

Don't forget Rathlin spud in January with a high cos also

The next RNS will likely be Wick has spud, drilling commenced. Possibly as early as Monday/Thursday next week

The final permit approval for Wick arrived on 20 December (Seismic), we now have all permits in place for the Wick drill

I know mate, I've been following this for a while. The sneaky b stards*, it;s as dodgy as the aim China 50

Sorry to be the bearer of bad news but all those shareholders are retail, there were no institutional investors invested here. They are all nominee accounts apart from Hudson