Member Info for MTSparky

...when US opens IMO.

Infections stabilising plus Norway will join OPEC+ in reducing output. All upwards from here !!

£9.25 close

Well maybe buy some shares in RRE first? Just sitting on your hands is no fun.

Traders are getting desperate now. 25p dividend announcement next week. See ya !!

OPEC+ are meeting Monday

AA smirked and appeared a bit smug about southern north sea. He likes that area.

who feels sorry for the shorters getting burnt alive?

Unit opex was $22.1/boe for the six months ended 30 June 2019.

$30 stops the rot from their oil production. Ideally they need $65 obvs. I think decommissioning costs could be met by a bond further down the line if needed but thats way off yet.

If brent can hold at least $30 RRE cover lifting costs plus ~$3 profit per barrel of oil. Gas profits can continue to be used for CAPEX at Arran.

I wish I was financially secure enough to buy a few more thousand of these at this price. Lucky fkers...;o))

...for results. dividend outlay is peanuts on the grand scheme of things so hopefully will still be paid. Oil holding $25. RRE Ok for now. Could be new financial year share churn for a few days. Keep the faith !!

With gas hedged to cover CAPEX costs, the reduction of CAPEX as below will further cover the low oil price.

The Company has previously guided that capital expenditure in 2020 would be c.$200 million, with much of that earmarked for the development of the Shell-operated Arran gas/condensate field. However, other discretionary spending is being reviewed and it is anticipated that at least $50 million of this capital expenditure will be deferred, a drop of 25% and in line with other businesses.

I don't know why, but they do. AA confirmed this in an interview. $3 is the transportation cost, maybe that has something to do with it?

Unit opex was $22.1/boe for the six months ended 30 June 2019.

If RRE can purchase another large gas asset this will drop further: gas producing assets have a unit opex of $12.7/boe.

Also worth remembering that RRE get $3 above Brent where production isn't hedged.

I think given the global pandemic all need to pull together and compromise to fix a price all are happy with. I can't see SA et al destroying nations wealth at this time. Lets hope so anyway.

Registered office doesn't have to mean the office you work from. The registered office can be your accountants or solicitors office for example. Boring but true.

USA are talking about legal action against China and compensation $$$$$

I won't comment on your intelligence duster...lol

I don't really give a fk who pays for it as long as the price of oil goes up...;o))