Monday night ramble over a glass of red.
Thought we would probably have a bit of a lacklustre start to the week with the flurry of annoucements last week. Think people are probably still assessing the effects of the SPR on short term oil prices, Shanghai locked down again which is likely to hit demand, but also highlights China is still willing to lockdown cities to keep covid under control (and therefore adding more risk to demand). On the gas front, the risks are to the upside and i wouldnt be surprised to see it keep drifting higher. Hadnt really understood how important gas is to industry in europe, I was reading about cucumber and capsicum farmers in the UK... apparently they use gas to heat large greenhouses, and gas is now so expensive some of them are no longer producing.
In saying that why sell now, Rangers is getting closer and closer to flow back, and hopefully we should be an announcement on flowback commencement on Friday
Other upcoming news on Rangers hopefully
c.20th April - Rangers in production (refer Jewell announcement 14/9)
c.30th April - Rangers early flow exceeds pre-drill estimates (refer Jewell announcement 24/9)
On Flames I think its probably late next week before we hit the target total measured depth, so for want of another word, another fluff announcement there this week!
I'm still struggling to find where I can buy my lamborghini moon rocket.
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