Oil up $10 - about $10 per barrel more profit x say 1600 BOPD once the third new horizontal is tied in (this weekend) = US$16,000 per day additonal profit per day. Or $5.8m per annum. Given that they are foreasting total revenue of around $20m for 2008 then this is a significant positive
Dow tanks = may see some selling against a fundamentally improved backdrop.
Overall - probably nothing will happen :-)
Zinc
SAE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
