Member Info for lonestag

Premier want to renegotiate the deal with bp....possible acquisition for AA if deal falls apart

https://www.telegraph.co.uk/business/2020/05/09/premier-oil-seeks-better-deal-bp-north-sea-sale/

LONDON: Oil prices edged higher on Thursday on a surprising rise in China's April exports, US output cuts and the slow return of some activity in Europe.

Read more at:
https://economictimes.indiatimes.com/markets/commodities/news/crude-oil-prices-rise-on-china-export-bounce-but-outlook-remains-weak/articleshow/75598071.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

https://economictimes.indiatimes.com/markets/commodities/news/crude-oil-prices-rise-on-china-export-bounce-but-outlook-remains-weak/articleshow/75598071.cms

If Cavendish is still buying, that would explain why we are being held down?

No one attending AGM as we are in lockdown

I know the A.H Varazze last port call was Invergordon...I try find out if the rig has been moved there...I also noticed that I could nt track the Noble ?...I was only looking today so it’s old info

also rig count down again...which will keep falling in coming weeks.

https://bakerhughesrigcount.gcs-web.com/rig-count-overview

Had a look on the gov energy portal and the permits have a completion date of 24th April and an oil discharge permit been applied for on 21st April and is in Decision status and the A.H Varazze has been booked for Rig move and suppose to commence on the 20th April but might be doing supply duties up until it’s required for rig...can t see another boat booked as yet

Expecting West Brae news soon-

The midday UT Trade is the midday auction LSE has every trading day for every listed share.
As far as the sp....oil dropping but rre up....that’s not a bad day in my book

FYI....RRE hedged gas production .

Just a reminder..that at $18/bbl..we still Generate Cash...taken From Year end results -
’Cash forecasts have been updated in light of COVID-19 and recent oil price volatility. We have run a downside sensitivity forecast at $18/bbl for the remainder of 2020 and $37/bbl for 2021 with a 20% reduction in production to cater for any impacts of COVID-19 or other operational issues. Excluding discretionary capital expenditure but including abandonment expenditure, the Group remains cash flow positive.’
https://m.londonstockexchange.com/exchange/mobile/news/detail/14492048.html

FYI RCC meeting today 14/4/2020.

The Texas Railroad Commission (RCC) tomorrow is set to consider whether to require the state’s oil producers to reduce output by 20 percent starting May 1.

https://www.google.co.uk/amp/s/www.forbes.com/sites/daneberhart/2020/04/13/texas-railroad-commission-set-to-weigh-free-market-against-sheffield-bailout/amp/

Markets stronger as world leaders start to plan for re-opening after virus lockdown

Https://www.fxstreet.com/analysis/markets-stronger-as-world-leaders-start-to-plan-for-re-opening-after-virus-lockdown-202004140543

Adan got final divi at 85p...we all know it’s 25p...that should tell you all about how inaccurate it is

Nigeria joined Opec cut and expect oil to bounce $15
https://t.co/Iekw0lmJj5?ssr=true

Nigeria joined Opec cut..expects oil to bounce $15 after all agree..so $45-$50 range

https://t.co/Iekw0lmJj5?ssr=true

Possibly this is what Mexico wants?? Asked for 2days ago

https://www.google.co.uk/amp/s/mobile.reuters.com/article/amp/idUSKBN21P33E

That should read...good deal not dream lol

It’s a good dream that opec made but unbelievable that Mexico is holding it up...

https://www.opec.org/opec_web/en/press_room/5882.htm