Brent Oil Price18 Apr 2024 09:06
Has slipped back a Tad to around $87 , which was expected since the tensions in the middle east have eased somewhat these past few days, and lets hope it remains stable ,
however, JSE penciled in $75 oil as their target price for growth, and cash positive in early 2025,
We are doing much better than that, imo and still receiving a premium for most of our oil production, probably around $90 oil price.
we will get some slight re-traces, but going forward over the next two weeks once the results are out , im pretty confident JSE will break out into the 30p range,
More Patience required, sit back and relax!!!!