Member Info for Nomad1

NSS, the Chinese have spent $Billions in both countries on infrastructure and ports so they can get the minerals out of both countries. It is probably easier doing business in Namibia because there’s only 2 million people in the country not 60 million.

In SA to get things done brown envelopes would need to be passed, but it would be safer doing business here rather than Nigeria or Mozambique etc. I can think of a dozen other countries around the world run by dictators, or the army which are unstable with terrorist threats.

Hey NSS, when I moved here 30 years ago Shall and BP shared a refinery in Durban, and they both have hundreds of service stations all over the country.

They have now both pulled out of the refinery after public opinion stopped Shell from carrying out a seismic survey along the Wild coast, and BP was stopped from fracking in the Karoo desert. Namibia is good for business but they are both a better bet than many other oil producing countries.

NSS, Total Energies and Shell have found a lot of O&G within the massive Orange Basin which extends down into offshore South Africa, which is excellent news for SA as the existing gas refinery at Mossel Bay has been running on fumes. The power plants and heavy industry desperately need this gas so they can stop burning coal. We live with 8 hrs + - of power cuts everyday due to ANC corruption and incompetence. I think they are drilling at depth's below 2,000mts of seawater then another 3,000mts below the seabed. DYOR

Could the unplanned outage due to a gas leak at Europe’s largest refinery in Rotterdam have anything to do with the drop in the share price.

Yes Larry I hear you,

Brent dropped a bit but it’s come back up and the SP is holding on considering it’s Friday and we’ve had a good run. Eyes wide open and finger on the trigger!

Onwards upwards.

Have faith Boyo Guru of the graphs lol

I’m hoping for £27 by 4th quarter results but, sometime next year will do very nicely.

Shell £25.84

Brent $ 93.68

ADR $64.96

and all kinds of Kak in the pipeline.

Hi Larry,

The BBC said it had something to do with prior relationships in the company before he was made CEO. Whatever more importantly who will be next.

I remember when Van the man retired some said his replacement would just be more of the same but it didn’t pan out that way did it.

Hey NSS, Yes I heard news last week that they’re only doing a two month quick fix on Preludes essential work, so they don’t miss out on the northern hemispheres winter gas demand and possible higher prices.

The US government plan on drawing 15 million barrels from the SPR, the US ADR is at its highest $64.15, Libya won’t be pumping oil for a long while due to the floods and OPEC + are cutting oil production by 2 million bpd starting in November.

£26 here we come what say ye.

The stars are aligned.

Brent is $92.32 pb and Shell at £25.28 surly it’s only a matter of weeks before we get to £26 again.

Any predictions as to when we will reach £27 which has to be doable in the not too distant future.

Getafgrip, if we get to £27 by the fourth quarter my wheels will fall off !!!!

At some point next year I’m planning on selling at least half so I can buy PSN,

then wait for them to double or triple like shell have done.

I bought TW. In 2009 and made x 5.

The revised EIA spot forecast for the fourth quarter is for $87.48 pb.

Next year’s first quarter is estimated to be $88 then dropping $1 pb, per quarter throughout 2024 which leaves us at $85 pb not too shabby.

No plonker the *** word

Boyo that’s wrong on so many levels Lol

TW. build larger more upmarket houses so buyers are likely to be wealthier and probably already on the property ladder.

Roll on extra divi !

Hey Getafgrip, The WMO suggest that El Niño will be arriving later and after the summer which will cause a hotter 2024 but, it may be proceeded by a frosty winter. However nowadays trying to rely on some sort of timetable with El Niño, and La Niña is almost impossible with the effect that global warming has on the 3 degree + - sea temperature in the Pacific and the jet stream.

US stockpiles dropped by 17 million barrels last week which should add to the overall tightening of the market as the northern hemisphere heads towards autumn.

Larry, 31% in 12 months

Yes Please!!!

Hey Gerry or anyone,

Is it not possible to have two or three different Shell tranches with the same broker?

Boohoo down over 18% today what happened?