If you would like to ask our webinar guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.
We know the final results are going to better than last year.
If I were DB I would get the final year results out as quickly as possible, to show how good the company is doing, good profits, EPS, final dividend maybe, and money in the bank. That should get the SP up and re rated. If this keeps drifting lower I can see someone making a bid for it on the cheap.
pboo( Russia needs all the income it can get from oil to pay for its war with Ukraine.) you just don't get it, by cutting production oil goes up 10/15 % Russia will have more income. You don't even know the basics. First week of February Russia's daily crude oil production average 9.9 million barrels per day
Zak Mir talks to Sachin Oza Co-CEO, Stephen Williams Co-CEO Reabold Resources, regarding recent events at the company, and how it should be valued in the wake of the deal with Shell.
https://www.**********.co.uk/articles/trader-s-cafe-with-zak-mir-sachin-oza-co-ceo-stephen-williams-co-ceo-reabold-resources-f446cd5/
Pooboo on this BB first thing before the market opens why? He doesn't hold any shares in UJO, as seen nothing better to do than troll the BB? What a sad life he must lead, only explanation could be he's got a short position open. Get a life.
Oil prices are set for a significant increase as global demand heads for record levels fuelled by the loosening of Covid restrictions in China. At the same time, Russian sanctions are about to start having an effect, creating a perfect environment for a tightening in the market.
https://www.thearmchairtrader.com/oil-futures-price-forecast-analysis-iea/
Olivia you're scraping the barrel with them comments, we all know the more money you make the more tax you pay. better tell all the UK oil companies to stop producing more oil or we will pay more EPL tax, like I said scraping the barrel. you sound desperate now.
Well Olivia it's flowed 1000 BOPD Now
OliviaOil Wressle actual rates.09 Jan 2023 17:00
"No ! I said it would flow 1000 BOPD from the beginning."
Thats completely incorrect, it's never flowed at over 1000 bbls for any day since it was switched on.
for the first 3 months it was 80bbl/day (Feb to April 21.)
The next 3 months it was 100 bbls/day. (May to July 21)
From Aug 21 to Feb 22, it flowed at an average of about 550 bbls/day
March 22 until Nov 22 it flowed at 830 bbls/day dropping to 715 bbls per day.
These are facts published on the UJO website, and more recently by the NSTA.
Facts talk, BS walks... enjoy your hike.
Mickybee the pot calling the kettle black, you're not so bad at ramping yourself..
something happening in the background? , bid 28p
nice early 1p rise , keep going
Yes an excellent day yesterday may it continue , and the good news continue
most welcome , let it continue back to 50p
sp 30p great news , keep it going
watching as always , hoping we may see 30p today , something for the weekend sir?
Zak Mir charts FTSE 100, Dax, Dow, Bitcoin, Avacta, Aura, Cornerstone, Cornish, Deltic, Europa, Inspecs, Igas, Marks, Rockfire, Reabold,
https://www.youtube.com/watch?v=hGV-vlkaksY
Deltic Energy Plc / Index: AIM / Epic: DELT / Sector: Natural Resources
11 January 2023
Deltic Energy Plc ("Deltic" or "the Company")
Pensacola Exploration Well - Commencement of Well Testing
Deltic Energy Plc, the AIM-quoted natural resources investing company with a high impact exploration and appraisal portfolio focused on the Southern and Central North Sea, is pleased to announce that Shell, the Operator of exploration well 41/05a-2 on Licence P2252 (Shell 65%, Deltic 30%, ONE-Dyas 5% Working Interests), in the Southern North Sea has reported that gas has been encountered in the reservoir and has recommended to the Joint Venture ('JV') that a full well testing programme be undertaken.
The JV has endorsed the Operator's recommendation to undertake a full well test to evaluate the commerciality of the Pensacola prospect and update the geological model.
Deltic will provide a drilling update announcement in respect of Pensacola on completion of well testing which is expected to take approximately 30 days.
Graham Swindells, Chief Executive of Deltic Energy, commented:
"We are very pleased to have encountered hydrocarbons in the Pensacola exploration well at this intermediate stage of well operations. We now look forward to working with the Operator on the well testing programme, and will update the market once that programme is completed."
The price of oil is forecast to break free of a recent slump and climb higher during the second half of this year as tight supply and the full benefit of China loosening Covid restrictions outweigh the impact of global recessions.
Brent crude, the international benchmark, has started the year back around $80 a barrel, with concerns around a slowing world economy and a rise in Covid-19 infections in China weighing on markets. Prices rose to $139 a barrel in March last year after Russia invaded Ukraine, which led to fears of a severe energy shock.
Analysts at UBS and Bank of America think that the oil price will peak at $110 a barrel this year, around the level at which it traded last summer, as supply constraints persist.
https://www.thetimes.co.uk/article/oil-to-bounce-back-despite-recession-zj23507k7