should be out Friday,
Some m&a in the Permian and the oil price moving up will do no harm before the auction tomorrow,
gl all, should have a better understanding of state of affairs here come end of the week.
Swinger... 20p here and EME and i 'd be happiest poster on AIM lol .
lets see how this develops but CAZA bod seem more upbeat and funding options appear to be opening up.
GLM
good to see you, still hold for all my sins lol
numbers 162836.... i believe sold, dragonsteeth - havent heard from in a long time, always valued their opinions mind as seemed to know what they were talking about,
interesting that they are selling gramma ridge, wonder what sort of funds that property could generate given they drilled two successful wells coming in at 1600 boepd IR and 800 IR respectively ?
no fuss about it,
oil price speculators look to the rig count for a quantitative measure that reductions are being taken and will eventually transpire into reduced production.
the report is there if you wish to look at it , no fuss and no ones forcing you to.........
Trap-Door approaching...
The situation at Trap has been critical for a long time and todays results are pretty much the death knell for the company. A massive loss of £44.4m will consign the company to the history books of the UK E&P sector as the board say that ‘in the absence of additional funding the group has insufficient resources to continue beyond the short term and is highly likely to become insolvent’. Administration or liquidation looms for Trap which is a shame but even before the recent fall in the oil price the company was in all sorts of trouble and I feel most sorry for Scott Richardson Brown who has battled for a long time to save the company.
i like Malcy but hes pushing his luck with the SRB sympathy comment imo