Member Info for mtahir1888

Gold 5 year high, silver still too low with the naked short selling fake contracts... last time when gold was this high silver was at 20.29$ ....question is will silver move up any higher even to 17.50$

let us hope it stays here or moves higher... be nice to see silver follow.

thanks for correcting but my point is there is no need to panic or worry like most people here. Hopefully the flow of oil will be good.

I have read so much nonsense on this board, worse than PMO board and that is saying something...The information available so far indicates that the EPS could produce 62m barrels of oil at a breakeven cost of $37 per barrel. According to the latest projections by the Hurricane, this would generate annual operating cash flow of $192m at a Brent Crude price $60 per barrel and this is with zero debt ....so be patient people stop worrying about the FPSO. They did say H1, not Jan 1st 2019.... lol

haha very funny! more than likely that's how it will read lol

hi has anyone got their rights offer through yet via their brokers ?

Does anyone think enq will increase the oil hedge ?

Tomorrow bud, 7am.... we all wait with excitement or not.

The American Petroleum Institute (API) reported a draw of 1.17 million barrels of United States crude oil inventories for the week ending September 1, compared to analyst expectations that this week would see a draw in crude oil inventories of 1.29 million barrels. Other analysts had anticipated a 2.9 million barrel draw. Last week, the American Petroleum Institute (API) reported a surprise build of 38,000 barrels of crude oil. The API reported a build in gasoline inventories for week ending September 1 in the amount of 1 million barrels. Analysts predicted a draw of 81,000 barrels. Oil prices were trading down in mid-afternoon trading prior to the release of the API data on inventories. At 3:43pm EDT, WTI was trading down 1.47% (-$1.03) at $68.84 per barrel—relatively flat week on week. Brent crude was also trading down 1.16% (-$0.91) at $77.26 per barrel--$1.00 over last week’s figures. Wednesday’s falling prices—the lowest of the week, in fact—were largely the result of tropical storm Gordon that ripped through the Gulf of Mexico without much disruption to energy infrastructure. Despite the fact that Gordon did claim at least one life, it managed to miss nearly every oil and gas operation in the GoM. Also weighing on prices is Iran’s persistence in finding future markets for its oil come November when US sanctions against Tehran go into full effect. On Wednesday, Tehran reported that Europe was looking to open bank accounts in Europe for Iran to deposit oil revenues and secure Iranian oil exports. US crude oil production as estimated by the Energy Information Administration was unchanged for the week at 11.0 million bpd for the week ending August 24. Distillate inventories were also up this week—by 1.8 million barrels, compared to an expected build of 742,000 barrels. Inventories at the Cushing, Oklahoma site increased this week by 613,000 barrels. The U.S. Energy Information Administration report on crude oil inventories is due to be released on Thursday at 11:00a.m. EDT. By 4:45pm EDT, WTI was trading at $68.66 and Brent was trading at $77.11.

Lol no this isn’t Chang but were you not the same “chap” who thought this would never hit 135 ??

Anyone have the numbers for api ?

Exactly it’s the long game. Oil is here to stay at £70 plus. So next year if their other projects keep on track I am sure we won’t be far away from £3

all the trading update in on Friday not tomorrow.

lol that is true. back down we go unless the MM have wind of the trading update on Friday which means it can shoot up about 20%

What is everyone predicting for API and EIA ? I reckon it will be a big build which will push the price further back down. It is like a yoyo, hits around $78 and then back down to $70-72 and then back.

It’s hard to predict what fatso likes

I bet anything that fat boy trump will release some of their strategic oil reserves to push the price of oil back down ....

Maybe because of the noise coming out of Mexico from the new president .... other than that I don’t know why this is going down

Hi all just encase no one has an official confirmed date... I spoke to Enquest this morning and I have been informed that the H1 results will be released on the 7th of Sep 2018. Have a super day.

Does anyone have a date from enq regarding the H1 results ?