The London market seems very jumpy at the moment. It appears the market makers are very defensive and go to red immediately any news appears. Tullow issued a RNS and the sp was downed 8%. What did the RNS say Mputa4 was producing oil at around 1,000 barrels a day from a 5m layer. They would start production late in the 1st quarter of 2008. They still had more testing to do on the well. So far on an 1/2" choke they had noticed some DEPLETION after shut in
I think the use of the word depletion sent the market makers scurrying like jack rabbits to their burrows
Merry Xmas to you all on the beach. I do not envy you we have Fog and Frost. Well not a lot anyway
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