hmm, is frustrating to see osh's price trading in a narrow range especially when they're fully unhedged at the current high POO, as well seeing them prove up more oil thru their kutubu appraisal well. i sometimes wish some of that hdr magic would rub off on osh.
if they can prove up more reserves at nabrajah in yemen, they will have a decent amount of new oil coming on line in very short order from a number of sources - NW Moran, Nabrajah (potentially), & the kutubu appraisal well. the quick turnaround should mean they would benefit from a strong POO, which isnt expected to fall much in the forseeable future.
OSH Price at posting:
0.0¢ Sentiment: None Disclosure: Held