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

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.

If a discovery is made in the Falklands, PMO should rise : several weeks to wait for the first well result I presume and at the moment with crude dropping : probably has not reached the bottom yet....when you think this was £10 plus at one time....

Was it ..?

I thought it made 500p top.

Checking the charts...looks like you're right mitzy 520p....there were other north sea oilies that went above 10 pounds....

Quite a strong bounce atm.

Yes one hell of a bounce.

There goes your pound mitzy !

Are you relying on the Falklands RF it might be a long wait.,.

bounce is based on budget incentives for north sea

No Balerboy.....but still have some RKH and FOGL.....you never know....might get lucky...

You can't rely on luck when investing , might as well go to the casino

But that's gambling! :-)

That's my point

Good tax breaks for North Sea Oilers in the budget.

25 Mar Barclays... 270.00 Overweight

Exploration drilling update - Oil and gas discovery at Zebedee, Falkland Islands

2 April 2015


Premier is pleased to announce that the Zebedee well (14/15b-5) in PL004b (Premier 36 per cent equity) discovered 81 feet of net oil-bearing reservoir and 55 feet of net gas-bearing reservoir.

The well penetrated multiple targets in the Cretaceous F2 and F3 formations with a total hydrocarbon net pay of 136 feet. The pay is primarily located within two F2 sands:

· The Hector sand, which contains 55 feet of net gas pay.

· The Zebedee sand, which contains 79 feet of net oil pay. No oil-water contact was observed in Zebedee.

The reservoir at both the Hector and Zebedee intervals is of good quality and the above results are in line with prognosis. Good oil shows were recorded at the deeper F3 targets but at this location the sands are not well developed.

The well will now be plugged and abandoned as a successful exploration well. The Eirik Raude rig will then drill the first exploration test of the Elaine/Isobel fan complex in the southern part of the North Falkland Basin with the Isobel Deep well. The results of this well are expected in late April.

Not really the one to be in .....RKH might be better if you want full exposure to the Falklands.....