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Premier Oil (LON:PMO) just had their share rating of a ‘”Overweight”‘ issued by research analysts at Barclays, who now has a GBX 165.00 target price per share on the 882.35 million GBP market cap company or a 45.12 % upside potentia

Import oil from KSA, make it look like no big draws in USA oil reserves, oil price goes down, USA buys more cheap oil, keeps US citizens happy for mid term elections. Iran sanctions kick in November, POO price spikes higher, USA sells more oil

You got 7 days to make at least 10% profit from here

I sold over 200,000 shares today at 4.63 because I thought the share price would drop. It will be a while before 3d results are interpreted - months in fact. Then I think TLW will focus on Guyana. However, if the 3d is looking good they could use the drilling rigs between Guyana and Jamaica sometime in 2019. All depends on what they find in Guyana early 2019. UOG is now in the hands of traders playing the Colter prospect. Reckon it will hover around the 4p mark for a few months now

Getting on to nearly a year since the 18% acquisition by Africa oil, but no news on this strategic partnership. Keith Hill on the board, what are Africa Oil bringing to the party.

Hopefully it might be the same situation as with COVE energy years ago, price war between companies to acquire the stock

https://oilprice.com/Latest-Energy-News/World-News/US-Grants-Iran-Sanctions-Waiver-To-Southern-Gas-Corridor.html

he U.S. is granting an Iran sanctions waiver to the Southern Gas Corridor natural gas pipeline projects designed to carry Azeri gas from the Caspian Sea to Turkey and onto Europe by-passing Russia.

Iran’s NICO holds a 10-percent stake in the Shah Deniz consortium that is developing the Shah Deniz 2 gas deposit in Azerbaijan, which will be the starting point for the Southern Gas Corridor.

The executive order signed by U.S. President Donald Trump on Monday contains a “Natural Gas Project Exception” which describes the Southern Gas Corridor without naming it.

The natural gas project exemption is referencing the Iran Threat Reduction and Syria Human Rights Act of 2012, which stipulates that the act has exceptions for certain natural gas projects “for the development of natural gas and the construction and operation of a pipeline to transport natural gas from Azerbaijan to Turkey and Europe”, and “that provides to Turkey and countries in Europe energy security and energy independence from the Government of the Russian Federation.”

Last month, BP and its partners started up the US$28-billion Shah Deniz 2 gas development in Azerbaijan—the starting point of the Southern Gas Corridor for gas supplies into Europe expected to reduce European dependence on Russian gas.

The Southern Gas Corridor consists of several separate energy projects with a total investment of around US$40 billion. Apart from the Shah Deniz 2 development, the Corridor will include three pipelines—the South Caucasus Pipeline (SCPX) to Azerbaijan and Georgia; the Trans Anatolian Pipeline (TANAP) to Turkey; and the Trans Adriatic Pipeline (TAP) planned to cross Greece, Albania, and end up in Italy.

While yesterday’s executive order exempted those pipeline projects from sanctions, it didn’t shed light on the Rhum gas field in the UK North Sea, in which BP is selling its 50 percent stake to Serica Energy. The other 50 percent is held by Iranian Oil Company (U.K.) Limited, a subsidiary of the National Iranian Oil Company. Serica and BP are seeking U.S. clarification on the Rhum field.

Sass - see below

https://seekingalpha.com/news/3379460-u-s-grants-iran-sanctions-waiver-azerbaijan-natural-gas-pipeline

I would imagine that XON would be keen to take up any options on available drill rigs in and around Namibia, XON have acreage surrounding ECO assets. XON leading the way in Guyana

Interesting that RRE have acquired a 205 interest in this field from SHELL, further acquisitions to come in the North Sea

The Southern Gas Corridor receives a waiver from U.S. sanctions against Iran's energy customers, a win for the project designed to transport 10B cm/year of Caspian natural gas to Turkey and southern Europe while bypassing Russia.

BP (BP +1.5%) was seeking a waiver for its development of Azerbaijan's offshore Shah Deniz fields, the source of the Southern Gas Corridor's natural gas; an Iranian firm holds a 10% share in Shah Deniz phase two, potentially triggering U.S. sanctions.

The U.S. waiver did not address BP's request for a waiver for its Rhum natural gas field in the North Sea, which shares ownership with the National Iranian Oil Company; BP's agreement last year to sell the field to Serica Energy was contingent on receiving a U.S. exemption from Iran sanctions.

Is the any data if the US are tapping into the Strategic Petroleum Reserves

No capital gains to pay in an ISA, from here PMO will be much higher come results day in a few weeks

If and when the BKR acquisition completes we will have a significant cash pile. This may attract hedge funds and investors interested in the cash pile only and not the assets. Seen this recently with other AIM companies, just need to be careful that we use this cash and reinvest it into other producing assets where we can and not just sit on the cash earning a measily interest rate

Possibly but SQZ have been waiting several years for BP. Can’t wait forever

Wouldn't surprise me if SQZ farm out to Total is in play as part of the recent BK acquisitions and more North Sea production that may be on offer

Moving to the main market does not guarantee stable prices, wide fluctuations still very possible

The time to monetisation of the XON discoveries is mind boggling - any TLW TOT discoveries hopefully follow similar timescales. Who knows what the share price will be then, assuming we still exist

Should of said why would MORE of Erskine add value to the share price if the problems at Erskine haven't yet been resolved

Why would Erskine put 25p on the share price if a deal completes when it's currently experiencing issues, if these are resolved then fair enough, but not before