It got worse, finished down 1.09% at 1.365, about 180k of them went through at this price in the match. However the sector was down 1.07% so it was in line. It gets played with though, without a doubt.
The last couple of weeks were always going to be quiet but the next couple of weeks could (all going well which is a rare occurance the oil industry) bring:
*Spud of Perth Basin exploration well
*Start of Sugarloaf testing
*Roc to announce offshore rig secured (but they should have announced it by now?)for Perth offshore wells
*Rig release by Oilsearch (unless they change their mind!) for start of Yemen drilling
Here's hoping for a 10 cent + gain in the SP.
2 week prediction: Oil price falls sharply, Arc decide to drill another production well, none of the rigs are secured for S/L, Yemen or offshore Perth Basin, earthquake in Carnarvon triggers pyroclastic mud flow out of E7 into the streets of Dongara and the SP collapses. Sushi also collapses after eating a bad piece of puffer fish and not even a big dose of wasabe can revive him!
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