Member Info for oiluser

I value your opinion sankeys but i think you are wrong on this point. PMO have already indicated its intention for SL funding. Look at FAQ,s. If the fund raise it will be to buy producing assets.

You weren't talking about leadership and strategy yesterday when it rose 5%, only when it drops.

Oil is manipulated and under tight control of money houses, under instruction of POTUS.

Oil was doing ok yesterday, 2 attempts were made to bring it to 64 last night, the second was successful. what can PMO management do about it?

what drop in shale, the drop is GOM oil production due to hurricane

Maybe so but not at current prices, eventually something will give. Either the investor withdraw or oil gets well above current prices and stays there. Shale is no different to conventional oil when it comes to having to make money. And pay down debt.

With the way the US behaves on the world stage, Its entirely possible that South Africa will follow Saudi Arabia, maybe the nuts in pentagon start wars in alphabetical order or randomly.

I stand corrected, the GOM didn't lose that much oil per day for the duration of 8/9days. It was ramped down and ramped up again. My guestimate is total loss of about 6.4 mbo front loaded in week to 19th July. Maybe 4.5mbo loss is attributed to Storm Barry in days to 19th EIA cut off, that points to a good draw in any event. With some more Barry effect in next weeks report on 26th.
It hardly matters in any case, US money houses are controlling oil. The Question is why, as they are big investors. I suppose its policy, fear of Trump etc. I often wonder when we will see the impact of drilling rig count drops but the amount of DUC's may offset that for a long time.

Is the US trying to initiate a war between SA and Iran?

Mostly correct but the GOM didn't shut in a million barrels, it was closer to 700kbls.

is see that posts are being removed for no reason that I can understand

not a bush

its a hedge

filling the BB with tripe day in day out is god behavior? dick is gone, thanks god

drivel dribbler,

P50 is about 800million with additional prospects in the license so post demarcation with PEMEX lets say maybe 600million to partners, at 150million to PMO. what's that worth. $?/bbl . then there are taxes

more crap

pretty much the same as the uk did at the beginning of the month because their master said to do it

the big question is whether andy returned as andywest

it will soon sink with the poo, whos speaking

another muppet found guilty of verbal diarrhea, keeping score of oil price for a BB must be a symptom of something.

questions

1) what was MC of company when shares traded at 500+, i.e. how may shares existed

2) Production 85 to 90kboed and rising every day, where did you see that?

Continuous verbal diarrhea

Said this a month ago. No market even if its cheap.