Account for 64% of capital with negligable change from previous reporting. With the price of oil dropping like a stone making the cost of production uneconomic for some I expect Opec's meeting 17th Dec in Algeria will herald a bottom and a recovery from that point. IMHO you will soon see supply issues and a rebound in 09 to $70+- a barrel. Importantly KIK is not selling into these levels and I believe come 2010 when we expect first oil, it will be a totally different ball game. Some are predicting $30 before a recovery. Time will tell.
KIK Price at posting:
4.4¢ Sentiment: Hold Disclosure: Held
