RE: Tankers21 Apr 2020 15:10
New tankers are more frequent that BKP trips to Hamble.
Which backs up the theory these new tankers are storing the black gold more locally waiting for oil price recovery.
Countries are now releasing Covid-19 Lockdowns and demand will start to pick up again.
BIG oil will control the market as they usually do and have the price back up in no time to a level that keep UKOG in profit.
Remember UKOG have one of the cheapest supply chains for producing the best quality oil.
25 years plus production is also another very good point.... this is not a short term gamble, it's a lifetime investment that will keep on giving. Painful watching the world now, but it will spring back.
Back out in the sun now chaps. GLA