Can STO survive, page-295

But oil prices can stay this low for a long while yet I am sure. I personally think the P50 forecast is $50 by year end 2017 (lower than many predict) and it means most oil companies who made there budget forecasts for 2016 and 2017 at $60 oil avg plus need to likely update there plans and cut deeper.

Very few projects are economic at current oil forecasts and high operating costs need to be reduced hard to compensate for the coming year or two.

Santos should find a bottom in this first half of 2016 I expect, and they will come out by mid year as a leaner and meaner company I hope to battle through until 2017... Then I would expect a significant rise up in oil price and SP.

I'm hopeful for 2017, I work in oil and gas and to be honest it's getting depressing seeing too many colleagues bite the dust and budgets getting slashed.

Short term, yes I think market is over-reacting to Iran and oil is going to cave to $25, but only very short, it will bounce back to current levels sub $30 by next week....