J.P. Morgan downramping, how about US$80 is coming regardless?
A$100 inevitable sooner rather than later.
At these levels, I don’t have a problem if Eric considers some prudent hedging at the same time he’s renewing the Trafigura sales agreement mid-year, knowing we’re doing 3000bopd easy with the pumps turned as low as they can go by then.. (Probably squeeze 3 boats in before then?) Would guarantee say operating profit A$75m pa, so enables pressing of the Broome countdown button for a year’s time.
100% 3000bopd Ungani Oil value worth 60c in the SP mid year, 90c by mid 2019 alone. Never mind Reserves Upgrade, never mind new exploration partner, never mind they discover anything new, Raphael’s multiples of Ungani by a street, never mind the frackin gas moratorium being lifted, never mind anyone thinking they can buy us while we’re still under $2.
Oil’s rising, BRU’s rising...like... a Blue Moon, Cone
I said Blue Moon...have you stopped singing? I can only imagine what it means, we’ll done. Not bad for a bunch of Northern softies with Abu Dhabi Arab oil money. Brent hits US$100, that should pay for a couple of decent centre backs next season? All together with Cone...you saw me standing alone, without a dream in my heart, without a love of my own...
