U.S. Navy officials say the aircraft carrier USS Theodore Roosevelt is steaming toward the waters off Yemen and will join other American ships prepared to intercept any Iranian vessels carrying weapons to the Houthi (HOO'-thee) rebels fighting in Yemen.
Middle East is on fire, Yemen has fallen to radicals, backed by Iran, which country is next to crumble in the Middle East, the Saudis, Syria, or UAE? Oil will be back over $100 within a year, IMO.
since Magellan bought into Montana's Poplar oil field (2007) we have produced 735,875 barrels of oil. With the last 3 years having increased oil production each year.
Ok, little sister time to wake up avi and let the man know the secret is out. avi stop screwing your sister, it's just WRONG. BTW UKOG was below 1.00p just last week so in your little mind no one made money on that huh?
Denton may come back after hearing this news, as he may want to reinvest once again in the same story, except this time the ending has a much happier ending.
Recurring costs are not impacted % wise compared to the increased revenues from increased production. Oil won't stay at this level for long IMO, OPEC days are numbered, the Middle East is on the verge of all out war, Yemen has been over ran by radicals backed by Iran.
tom, the success from the pilot means full field is feasible. Current wells in production for Magellan in Montana are all in the Poplar Basin and results should be very close to those of the pilot. This is very positive news.
16,323 barrels oil thru February, 2014 official total from State of Montana was 104,547 barrels oil the third straight year of increased oil production. News from the UK will follow, hopefully soon.