Member Info for Maverick7

KSA & Russia aren't going to cut on their own though are they. They will only cut if there are reciprocal cuts by the USA. Trump has a meeting with the shale patch tomorrow doesn't he

better close those shorts if true though, lol

lol

KSA & Russia wouldn't cut unless the USA did like wise, so i reckon Trump will force the shale drillers to react accordingly. He's probably "promised" OPEC+ he will do this

how is your LEK oil holding doing, when are we going to see 40p there like you predicted

my previous post on significant increases in gas prices was due to story below:

https://oilprice.com/Energy/Energy-General/Natural-Gas-Prices-Could-Double-Next-Year.html

forecast is for gas prices going up significantly in 2021. Shale oil production and associated gas should reduce in the coming months, COVID-19 may impact production in both OPEC and non opec areas, but no one knows to what extent. Also whether this will offset the demand destruction is unknown.

dont think so oilhearty - its down 8%, at $24

currently there are better opportunities out there, that are not reliant on whether exploration will actually go wrt ECO in 2021

lol, 600p per share, keep dreaming, you will have sold at 40p

why would Putin want to help the US Shale industry, he's only just started this oil war

£200 - lol - funniest thing I’ve heard in 2020 so far

Are some of these people for real about this conspiracy crap! This is real people so take the advice being given. And Boris might be a buffoon but he can only take advice from the real experts. At least he doesn't make stuff up on live TV.

And to say people are being sensible - lol - have you seen the “ijits” panic buying and still having a bevvy at the pubs - some of the interviews with the British public outside pubs were simply embarrassing.

Will be interesting how RRE reacts next week, markets were down yesterday after hours, but news due next week

No sympathy for Prosolenes - what goes around comes around - karma

The converse could be true. If the virus locks down production, there could we be a massive decrease in production to way offset any current surplus and who knows how quickly production could then ramp up. In this scenario oil could well be north of $150

I have only seen one comment relating to the cash balance of just below $1.8m as of 31st December. This is going to last how long. Will we get a farm out before the cash runs out. What’s the funding strategy. Surely any major or super major will know the companies cash position and thus GBP will be negotiating from a position of weakness. Sorry as this comes across as a negative but these questions need to be asked and addressed

The acquisition is back dated to 1st January, So additional cash flow and cash generative - no wonder the vultures don’t want it to go ahead:
· Add c.23 kboepd of cash generative production in 2019 with development upside; acquired assets forecast to generate over US$1 billion of free cash flow to end 2023

Lol, he or she went short from yesterday’s price not triple digits

Sounds like SK and others went short

https://oilnow.gy/featured/exxons-giant-hammerhead-project-will-push-guyana-production-to-three-quarter-million-bpd-milestone/