Aduk, Surely must have an rns tomorrow detailing the work programme, at least for the first operation if not for the summer too (however that might be a bit too much to expect given all the uncertainties!).
RE: US setting the world oil price?28 Mar 2020 12:02
"Unless the Saudi’s rescind their threat to flood the market with crude oil, prices are doomed to drop another $5 to $10 per barrel. If they withdraw their threat then prices will surge similar amounts, but gains will be limited by extremely low demand." Quoted from article on Fx Empire yesterday!
I think it maybe that its a combination of: - the well bores cleaning up - oil starting to flow from further along the horizontal - the surrounding fractures further away from the well cleaning up - connection with a higher pressure part of the reservoir due to the above. I think that you need comment from a reservoir engineer with experience of FB's......so wait for Dr T at CMD!
RE: Valued at less than the cash in the business16 Mar 2020 13:57
acrossthesea, I wish you were right, but the OGA will hold Hur's feet to the fire to fulfil its licence obligations or lose the licence! However you would hope with the current poo that the OGA would be at least somewhat understanding!?
NN, they are not allowed to hold back sp sensitive information, technically illegal, but practically possibly a couple of days thats all! However NT is a "conservative" sort of guy and will play it with a straight bat, the last thing he wants is a wrap on the knuckles from the FCA!
RE: The world is obviously coming to an end15 Mar 2020 22:05
Its a balance of virus modelling and behavioural response that creates the UK strategy. Too soon and measures won't hold when you want them to, during the peak. Most countries will become horror stories unfortunately......you aint seen nothing yet.......the western world is still in the foothills of the outbreak (especially the US, IMO). It is matter of minimising the peak, not just mitigating the early stages.
RE: The world is obviously coming to an end15 Mar 2020 21:52
"None of the countries on the continent of Europe, the US, or the WHO understand fully why the UK are taking the "HI route" I happen to agree with the Government/Matt Han****, herd immunity is not the policy being pursued to limit/control the virus, it is the inevitable side effect of many cases that eventually create that effect. The Government will introduce many draconian measures in the weeks to come and pick their moment for greatest effect, too soon is a sign of panic and pandering to supposed "common sense" and most likely counterproductive. The UK is not at the stage of Italy, Spain and France at present, they are a few weeks behind, but on the same trajectory. A lockdown now would not hold long enough to get us past the peak due in 12-14 weeks, it will come though in say 6 weeks!
I am hoping and presuming that Zoe sp will buck the market trend on good news! There is no reason (yet!) why the virus should impact their business model until supply chains get weakened by reduced transport links, etc., and there may well be an increased demand. However the virus numbers in the US, whilst currently still low due to low testing rates, will grow exponentially very shortly.........and that is a concern! IMHO
RE: The world is obviously coming to an end15 Mar 2020 15:54
"Herd immunity is not our policy, it's not our goal. Our goal is to protect life". Herd immunity may well not be the policy, but they have accepted that many will get it, so it is an inevitability in time and the only way to halt the disease by getting the reproductive rate below 1
Yes, but the Arabs never like to lose face (like Trump), once they have taken a position, so they will see it through for quite awhile........ before they back down and find a way to save face somehow!