Oil price is cyclical and could rise if OPEC close their valves a bit.
Shell et al are bullish on the longer term price of oil I think.
WSX really do need to update shareholders, agreed.
Great piece in The Times on Saturday about oil and how the low price affects O&G companies. With the possibility of lower oil price cheap exploration extraction locations will be a premium. Farm outs of deep water exploration looking less likely now.
Cochran/Philippines news here and WSX should explode...;o))))
FAN1 oil discovery offshore Senegal10 Oct 2014 12:16
http://www.energy-pedia.com/news/general/new-161118
This item in interesting since the theory has it that Africa was once joined onto South America hence the vast oil reserves off the coast of Brazil should be mirrored on the West Coast of Africa.
This is being proven to be true with this discovery and other along the West Coast of Africa.
What's interesting is that if you look at a map and imagine Africa and South America joined together, Guinea lines up with French Guiana, where Wessex hold acreage %.
If we can get some action in French Guiana WSX could multi-bag very quickly...;o))
My thought is Andrew Cochran + nr term drillable asset in Philippines 12million barrels of oil + What ever AC brings to the table + existing asset potential = a lot better than before !!
check out Andrew Cochran CV and make your own mind up, cos he will be running the company soon by the looks of things. I had 1.5p/sh in mind but hey this will do for now !!