Member Info for ocelot

Hope Saudi Arabia and Russia can find a solution, because believe that is required by the circumstances and would be in the best interests of both.

But, without the US, the cuts will be less and, therefore, the impact on the oil price, less.

PS: what's happened to Ja51?

Hope he is alright.

The situation at HH as of the RNS of 31/03:

At Horse Hill, we have adopted the policy of deploying essential staff only, all of whom are designated as "key workers" under the Government's emergency legislation. Strict hygiene and distancing practices are in place to ensure that production continues at Horse Hill whilst protecting our team's health. As the plan minimises external contractor visits to those essential for safety, regulation and crude export, the planned series of further well interventions have been put on temporary hold until the current emergency passes.

Time will tell, YL.

On 05/03, the day of the release of the Saltfleetby CPR, almost 30% of the company's stock turned over, so we all know that many more investors take an interest in ANGS than the limited number who post regularly on this board.

You're NOT your in the last line.

This is from the 9/3/20 RNS:

HH-2z clean-up operations are planned to continue over the coming week, after which essential maintenance and a planned upgrade of well test and production facilities will occur. These operations, designed primarily to enable simultaneous production from HH-1 and HH-2z, will require both HH-1 and HH-2z to be shut-in for a period of up to ten days.

Full extended well test operations with simultaneous multi-well production are planned to resume directly after the shut-in.

Your not the only one a bit confused, tkr234 - it would be useful to have an update!

This is what SS stated in the Final Results RNS of 31/03:

The HH-2z well clean-up and EWT have been resumed following this successful intervention.

Saudi Arabia, Russia and other large oil producers are racing to negotiate a deal to stem the historic price crash as diplomats said some progress was made on Sunday.

The talks still face significant obstacles: a meeting of producers from OPEC+ and beyond -- delayed once -- is only tentatively scheduled for Thursday. Russia and Saudi Arabia want the U.S. to join in, but U.S. President Donald Trump has so far shown little willingness to do so.

Oil diplomats are trying to stitch together a meeting of G20 energy ministers for Friday, as part of the effort to bring the U.S. on board, according to two people familiar with the situation...

https://www.bloomberg.com/news/articles/2020-04-05/oil-negotiators-race-for-deal-to-stem-rout-as-leaders-snipe?srnd=premium-europe&sref=Em01M8Hr

Only time will tell, gentlemen, but, of course , there are better-known stocks which have come off a lot in recent weeks and offer very good upside potential at the present.

YL, have never suggested risking "everything" in ANGS, don't know why you said that.

Have you ever heard anybody on this board suggesting that? It certainly wasn't me.

Or it could suggest that market circumstances have changed during the last few months.

It does suggest UKOG is undervalued, agreed.

https://www.bloomberg.com/news/articles/2020-04-05/market-bulls-from-morgan-stanley-to-eaton-vance-find-their-voice?srnd=premium-europe&sref=Em01M8Hr

Less risk, of course, but similar reward, WolfOfThe Woods?

Personally, I doubt that.

...Saudi Aramco will delay the release of its crude official selling prices (OSP) for May until April 10 to wait for the outcome of a meeting between OPEC and its allies regarding possible output cuts, the Saudi source said.

“As Aramco seems to have postponed the release of their official selling prices for May, it seems the kingdom still believes an oil production cut deal is possible,” said UBS commodities analyst Giovanni Staunovo.

“The biggest challenge remains how to split up those cuts among producers, particularly if U.S. oil producers will not join with voluntary cuts.”

https://uk.reuters.com/article/uk-global-oil-prices/oil-prices-set-to-open-lower-due-to-saudi-russia-row-idUKKBN21N0HK

Saudi Arabia, Russia and other large oil producers are negotiating for a deal to stem the historic price rout, even as leaders trade barbs in public.

“President Putin and the Russian side in general are keen to engage in constructive negotiations, which is the only way to stabilize the international energy market,” Kremlin spokesman Dmitry Peskov said in a pre-recorded interview aired on state TV on Sunday...

https://www.bloomberg.com/news/articles/2020-04-05/oil-negotiators-race-for-deal-to-stem-rout-as-leaders-snipe?srnd=premium-europe&sref=Em01M8Hr

Three OPEC sources, who asked not be identified, said the emergency virtual meeting planned for Monday would likely be postponed until April 8 or 9 to allow more time for negotiations.

Sources later downplayed the Saudi-Russia row, saying the atmosphere was still positive, although there is no draft deal yet or agreement on details such as a reference level from which to make the supply cuts.

... “The first problem is that we have to cut from the current production level now, not to go back to the one before the crisis,” one of the OPEC sources said.

“The second issue is the Americans, they have to play a part.” ...

https://uk.reuters.com/article/us-oil-opec-saudi-russia/opec-meeting-delayed-as-saudi-arabia-and-russia-row-over-price-collapse-idUKKBN21M0FY

Three OPEC sources, who asked not be identified, said the emergency virtual meeting planned for Monday would likely be postponed until April 8 or 9 to allow more time for negotiations.

Sources later downplayed the Saudi-Russia row, saying the atmosphere was still positive, although there is no draft deal yet or agreement on details such as a reference level from which to make the supply cuts.

... “The first problem is that we have to cut from the current production level now, not to go back to the one before the crisis,” one of the OPEC sources said.

“The second issue is the Americans, they have to play a part.” ...

https://uk.reuters.com/article/us-oil-opec-saudi-russia/opec-meeting-delayed-as-saudi-arabia-and-russia-row-over-price-collapse-idUKKBN21M0FY

... This time round everyone is sharing the pain. About 7 million barrels of daily output due to be shipped next month by a range of exporters is “homeless,” with “literally nowhere to go,” consultant JBC Energy GmbH estimates...

https://www.bloomberg.com/news/articles/2020-04-03/oil-s-stunning-demand-collapse-threatens-closures-everywhere?sref=Em01M8Hr

OPEC+ meeting to be delayed ...

https://www.bloomberg.com/news/articles/2020-04-04/saudi-arabia-says-putin-s-comments-on-opec-deal-is-incorrect?srnd=premium-europe&sref=Em01M8Hr

OPEC+ meeting to be delayed ...

https://www.bloomberg.com/news/articles/2020-04-04/saudi-arabia-says-putin-s-comments-on-opec-deal-is-incorrect?srnd=premium-europe&sref=Em01M8Hr