"This is why most analysts put a floor of around $70 on the oil price, with several forecasting around $100/bbl for the next decade at least."
Most analysts are always wrong about the Oil Price - they never seem to be able to call the point when it collapses and then they often underestimate the peaks. I think they look at charts instead of thinking - once oil stays above $70 a whole load of shut-in US production becomes viable again and countries such as Russia can regain a lot of their 2013-2020 loses by pumping like crazy
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They are "attending the meeting" on shareholders behalf.........
Who do they think will farm in for a share of Lidsey?
GL is quoting 9.7 bbl INPLACE - so at best you'd expect 3mm recoverable - and you only get a share of that as farminee.......... and never forget the water issue
If Midmar et al couldn't farm it when there was a decent onshore UK O&G sector who would come in now? UKOG & Egdon have no cash, Europa are dead in the water, IGAS are chasing hydrogen, INEOS have gone offshore, UJO will need any cash to push on West Newton (if it works). There really isn't anyone else
RE: hurricane General and Extraordinary meeting s15 Jun 2021 08:45
"Why should L S E want to charge me £20 + vat for what other brokers do for free"
each broker has a different set of charges - generally the really low cost ones for buying and selling charge you more for each and every add-on - they have t o make a living and that means getting some money off you - they can do it by upping their commission rates or charging you for extra services they provide. It's like Ryanair cp BA
AN EWT is exactly that EXTENDED- you have to flow it and then shut- in and observe the pressure recovery - the longer the better from a PE point of view. They said 6 weeks for each test IIRC and that will be a minimum
"No need for placing for Lidsey. Permissions and farm out is confirmed. News on Brockham must be close as Q removed. lets hope its good news."
Lidsey - specifically say they HAVEN'T got a farmin partner yet
Brockham question removed because it they can't answer it and it would bad news - anything remotely positive or possibly positive (gethermal! gas storage!! little green men from mars!!) is shouted from the roof tops - the failures are quietly buried - like Brockham and Balcombe