Agree. When it does the Saudi and Iran Oil people will be patting themselves on the back saying,
"We won! We protected our market share" Iran will wonder how are we going to pay for the spare parts we need to keep our military equipment running? SA will be okay for a year or two and then possibly have to take a living standard cut. Hopefully The 500 people running this country from Washington will wake up, allow US oil companies to sell excess productions and establish their own market share. Hopefully those same folks will realize we are not driving 1950, 1960, 1970, 1980 cars and allow refineries built back then to be replaced so they don't have to shut down for maintenance and seasonal changeovers.
No contracts for next nine months but minor extensions. Stock floats between $ .60 and $1.00. Speculation continues about merger back with SeaDrill parent. Third quarter 2016 - potential for 1-3 new contracts in North Sea area - possibly from Statoil.
Sanctions off July 2016. New talks with Russia. Contracts uncertain.
Sanctions will be lifted 2nd half 2016. Obama will want his legacy to show he made nice with Vlad. If Vlad sees a Donald, Ben or Carly will be the new president he will want to do a deal with the current clueless administration before the new Pres takes over.
The Saudi's end game includes killing offshore drillers. I is working better than one would have thought.
The only thing that will change their current game is for one or more mideast OPEC members to be taken over by ISIS.
Brazil's government may be one of the top 10 most corrupt in 2nd tier nations. Probably nothing was agreed to without a bribe. I'm guessing it would be hard to prove though. Any payments would have been called something not resembling a bribe.