What a chart, further to go, or not
Comments please

Chart has further to go..downwards.

What stake as PMO got now in RKH and FKL exploration drilling ?

Premier has got 60 per cent. of Rockhopper's interests in its licences in the North Falkland Basin including the Sea Lion development and adjacent discoveries, Casper and Casper South.
2517

Thanks George

Pelikan - first gas


Premier is pleased to announce that gas production from the Pelikan field in the Natuna Sea Block A offshore Indonesia commenced on 9 March 2015. This follows first gas from the Naga field, also on Natuna Sea Block A, in November 2014. Both projects were brought on-stream to budget.

Pelikan and Naga will deliver additional reserves into the Singapore and domestic market under the Company's long term gas contracts. Deliverability from the two fields of up to 200 BBtud will allow Premier increased operational flexibility, additional volumes to be supplied to meet growing market share within existing contracts and, when the opportunity arises, to respond to increased Singapore or domestic gas demand.

Premier, with a 28.67 per cent equity stake, operates Natuna Sea Block A on behalf of its partners KUFPEC, Petermina, PTT and Petronas.

http://www.moneyam.com/action/news/showArticle?id=4994447

thought for the day ......
it must be very likely that young george will be offering some pretty serious incentives to the north sea oil producers in the the budget this week
that being so, the likes of TLW and perhaps more so, PMO would be beneficiaries, and therefore perhaps worth a punt at the current depressed levels

and if he doesn't then this could really sink along with many of its peers. Fight for survival for the indebted ones me thinks.

not really .... neither PMO nor TLW will go broke

yeah but they may have to raise and dilute to stay afloat. Short sellers dream this oil market.

be careful about shorting at this level, for i don't think there is much more downside to oil

however, the likes of XEL who are not producing could certainly run into greater difficulty

100p target here.

11 Mar Canaccord... 100.00 Sell
11 Mar Beaufort... N/A Speculative Buy
11 Mar Deutsche Bank 230.00 Buy
10 Mar Barclays... 270.00 Overweight
9 Mar Barclays... 270.00 Overweight
9 Mar Deutsche Bank 230.00 Buy
=================

I certainly wouldn't go by Canaccord's rec they are totally useless even if this does go down .

I agree there jimmy.

mitzy , the queen of one liners

Mostly when stocks are in a death spiral! ;o)

Tell you what I going to do is wait another 3 months before buying.

maybe look at LOIL if you're buying on oil price recovery hopes.

confess i've never traded ETFs though very occasionally dabble in sector indices

Well SOIL has certainly done well - here are both.