Member Info for LostAllMyShirts

And @redhotlady maybe do some research how to spell ", sic , "palistianians " LOL.

Yes Anth I think the "penny has dropped" as far as Israel goes. ALL thousands of "excuses" and lies that they said each time they killed a journalist or bystander, when now we know they actually Targetted them. Ypou dont make thousands of errors, at some point it became obvious they like killing any one who moves.

Well as predicted ,Iran deal close to collapse as Israel kills many in Lebanon today.

I see Nasdaq is closed today ,that wont help, but is Friday on top of that. Of course the Iran Deal is now starting to shows signs of collapse as Iran is not happy with Israel killing 8 people in Lebanon today. Oil will be up again.

@LincolnPies Even IF the Ceasefire holds, then I do believe that the Oil & Gas sector will "continuing to slide" . The O & G industry probably needs a price of say $80 a barrel and I think that it can easily be around that ,even with a permananent ceasefire (which I doubt will be). Also I think since the Iran crisis companies will be looking for O & G sources away from Middle East.

Just you to go then, Bye. Maybe you might post something about Oil & Gas/B & S , rather than your usual BS.

@buzz

Undiscovered/untested basin – little or no exploratory drilling.

Undeveloped basin – oil has been found, but large areas remain unproduced.

Untapped resources – known to contain hydrocarbons, but not yet commercially exploited.

Among petroleum geologists, one of the strongest candidates for the world's largest largely unexplored oil province is the East Antarctic Sedimentary Basins. Geological studies suggest enormous sedimentary basins beneath Antarctica, but drilling for oil is prohibited under international treaties, so their hydrocarbon potential remains unknown rather than proven.

If you're asking about known oil-bearing basins with vast resources that remain only lightly drilled, common candidates include:

Orinoco Belt – the largest known accumulation of extra-heavy oil on Earth, with over a trillion barrels of oil in place, though much is difficult and expensive to produce.

Santos Basin – a giant offshore basin where major discoveries continue to be made and large areas remain underexplored.

Guyana–Suriname Basin – one of the most successful recent exploration frontiers, with large areas still undrilled.

Orange Basin – a major new frontier where several billion-barrel discoveries have been made in just the last few years.

If by "largest oil basin" you mean the largest petroleum basin overall, the West Siberian Basin is generally regarded as the world's largest hydrocarbon basin by area and resources, but it is certainly not undrilled—it has been extensively explored and developed.

Could you clarify whether you mean:

largest completely unexplored basin, or

largest known oil-bearing basin that is still largely undeveloped?

Extract from 1/2 hr ago;

14m ago (11:15 GMT)

Trump on Iran: Deal not final, markets ‘very happy’, more details to come

Trump, who is in France for the G7 summit, has just spoken to the media alongside his Egyptian counterpart, el-Sisi.

Here are some of his main points regarding the situation with Iran:

The MoU with Iran is not a final agreement and the US will “go back to shooting at them” and “dropping bombs” if he doesn’t like the way it works out.

The markets are “very happy” with the Iran deal.

The US will not invest in Iran and has not asked Gulf countries to do so, but “it’s fine” if Gulf countries decide to do so at some point.

He will speak more about the situation with Iran at a news conference later today.

See already Trump is talking of Bombs again. He is a lunatic, convicted sex offender ,and that he is.

@JohnBriggs You either have an agenda, OR you are stupid. I dont know which, But you are very wrong to write of Sintana. I say wait until end of 2027 and see then what has happened,maybe sooner. You clearly expect things to happen in YOUR timeline but sorry it does not work that way. Small Caps take time they do Not work to "John Brigg's Timeline" lol.

@AROK1975 I have had exactly the same, Not with 80m as happens but recently and 100% it was my BUY and LSE showed it as a "SELL". How can they get it so wrong ???. This is consistently wrong as it is not just AROK1975 and myself, I have seen others as well for other companies. To be honest, it is sometimes hard to determine whether Buy or Sell on LondonStockExchange.com , But LSE seem to regularly get it wrong !!

There is zero way that the current price of 75 USD is going to stick, within several weeks MAXIMUM iy will be back to $85 to $90 I believe. (1) Reserve stocks of Oil are very very low and by end July/August panic will start (2) a Lot of Damage to Oil processing facilities in Middle East not yet made public (3) Hormuz still months away from being cleared of Mines (4) The so called "Deal" is not a "Deal" it is an MOU to start talking.

"""The Iran MOU and potential war-end narrative have delivered a welcome short-term reprieve for oil prices and global sentiment. Yet the shadows are significant: Cushing inventories nearing operational bottoms, far more extensive energy infrastructure damage than publicly acknowledged, massive cumulative production losses requiring lengthy recovery, and Israel’s clear signal that it will continue operations in Lebanon (and against Iran) as it sees fit."""

And also, look at the Markets now. Nasdaq red and Crypto red, almost all red everything.

Exactly .A LOT of the selling is to do with the Volatile OIl Price and investors who do not see the bigger picture ,that we will always need Oil & Gas for next 50 years and that the price that Oil is now is temporary blip. I think we need to see a $85 to $90 per barrel price.

As we are all so very bored of the saga, I will keep this short. They are now all arguing about what the terms of the Iran MOU (and it is only an MOU not a deal) are. The Oil price is currently down to $77 or so. THAT price will likely only be able to last 2 months, Max for 2 reasons (1) The whole "deal" between Iran and US will likely fall part or be argued about for many many months, or totally collapse (2) Stocks of Oil & Gas are very low and we have about 2 months max before gets very very tough to find Oil. Hormuz will not reopen for at least 3-6 months whilst mine clearing goes on. Everything is one of Trump's lies/BS . Market/investors are being conned. Watch Oil price got up within 2 months, if not much sooner. Geographic location of Oil is now what is KEY. That is it.

I would guess BP or SHELL are 2 possibles. I too don't think or hope it is Navitas.

I think the Market has it soooooo very very wrong, and I think a number of well respected people in the field also think that. Its like the Market thinks all is fine and back to Rosy picture IMMEDIATELY. Well that just will not happen, and who knows if Peace will last anyway. I think Oil price of now $80 is what has driven price of ECO down, which is ludicrous.

https://finance.yahoo.com/markets/article/it-will-take-time-oil-markets-have-a-long-way-back-even-with-a-us-iran-peace-deal-on-the-table-143718584.html

Have to wonder WHAT is driving this down ?. IF it is the general Oil & Gas exploration market forces, then WHY is Borders & Southern doing well today ?. Hard to determine really.

Yes is a crazy crazy Market/World. IN "normal times" Gold would have skyrocketed, But it didnt and infact fell. Honestly the Market is sooooo mixed up no one knows which way to turn. Allto do with Lunatic Trump.

Scouring the Strait of Hormuz for mines could take weeks

Ensuring the Strait of Hormuz is safe from mines could ⁠delay a return to normal shipping traffic by weeks ⁠following a deal to reopen the waterway, maritime security sources tell Reuters news agency.

The operation by conventional minesweepers and state-of-the-art underwater drones could continue for 40 to 50 days before many insurance, shipping or oil companies are confident enough to sail through, according to assessments.

That could potentially hold up tens of millions of barrels of oil.

“We still consider it very risky for ships to commence transits at this point,” said Jakob Larsen, chief safety and security officer at shipping association BIMCO.

“The threat of mines in the area remains a concern immediately as well as further down the line, and mine-free routes need to be established.”