Burren - Charts & Fundamentals

Seen it all before, a few development wells does not light a fire. Downtrend from recent alltime high intact, IMO.

"Down is the new up".

The time to buy will be before exploration success news, of course a waiting game is a dangerous game, but you never know, one might just get the timing right. Here's to living in hope.

PS B060 (Burun south falnk) is "discovered" but not fully appraised, tested or announced. Uneconomic to proceed to full production from that well stat, because of the terms of the PSC, and the absence of a gas sales contact. Will follow in due course, now scheduled for Q106 - needs spicalist gear to handle the abnormally high pressures. A gas sales contract, will, contrary to a few developemtn wells, will therfore light two fires, and even if I miss the first 50p I will be well in there.