Ecker. I recall you saying that we only have info on ONE well!!!!
With thanks to my good friend "Pumper" on TEG, and as the oil price WILL be critical to AKK's fortunes, you might like to read these articles.
Latest news from Bloomberg Oil - Great news for producers like us.
“With greater confidence that the global oil market can finally shift into deficit later next year, we now believe that there is a strong rationale for low-cost producers to deliver a swift production cut to normalize inventories,” analysts including Damien Courvalin said in a research note Monday.
Several other developments contributed to the rally:
- Russian President Vladimir Putinsaid he sees no obstacles to an OPEC agreement this month, reaffirming Russia is willing to freeze crude output at current levels.
- Iranian Oil Minister Bijan Namdar Zanganehsaid it’s “highly probable” OPEC will reach a consensus at the talks, according to comments published by Shana news service.
- Iraqi Oil Minister Jabbar Al-Luaibisaid the country will make proposals that will help OPEC reach an agreement.
- The options market was skewed towards bets on rising prices for the first time since late September.
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