Markets up today and with Tapis at $57.85 us am I safe to declare we are at last seeing oil climbing back up ?
Opec has now had 8 months of progressive reduction in output and i am sure tui wont be alone in declining production elsewhere .
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Markets up today and with Tapis at $57.85 us am I safe to declare we are at last seeing oil climbing back up ?
Opec has now had 8 months of progressive reduction in output and i am sure tui wont be alone in declining production elsewhere .
Hi Fish, if you go to the asx pages, and the crude oil thread you will see a post from Phaedrus on the 2/5 confirming the current uptrend.
We have waited for Kupe since 1988 so another month or two to let the gas, oil and condensate rise in price would be acceptable to me.In reality the JV'er will not delay for that reason but certainly no need to rush as the product value is on a small and seemly constant rise from here on.
Good rise for NZO today and most of that is goming from Tui and Pike .I do not think that Kupe is getting factored in yet [I hope] as it is the big one and will have some significant impact when the market turns around.
the awe presentation details tieke as an oilfield at d sand level and with a nice map
recall they did not drill to f sands and suspended the well
http://www.asx.com.au/asx/statistics...idsId=00950377
M
Tieke results took a long time coming after the drilling finished and i clearly remember how frustrating the report was .I believe it was maybe but sort of suspended.Well i was suspended anyways as i could not work out what the given results were ment to be.Last report was that the JV were going to look at drilling in on a deviation and deeper but then months went by and no report. AWE has first listed Tieke as a success about 4 months ago but i still say on this drill we need a formal report on the state of affairs.Leaving it the way it is could lead to inside knowlede charges in the future,especially if it turns out to be a gusher.