Blog & News

Highlights from the Cumberland & Lake District Branch Meeting

Tue 05 July 2016

Category: Branches, Networking, Social

The Cumberland & Lake District Branch met on Sunday 3rd July at 6pm for drinks and meal at the Boot & Shoe Greystoke, near M6 Junction 40.

Four attendees, as many others travelling or working away. Discussions focussed on:

  • Recent City fund-raisings on AIM, e.g. Providence, 68 MM USD, Hurricane, 52 MM sterling, Sea Dragon 13 MM USD.
  • Evolution of EU political union versus economic/commercial imperatives.
  • Impact of recent FTSE and oil share price increases e.g. Shell, illustrated below, up almost 60% since January.
  • Gondwana exploration deep-water.
  • Cash flow analysis for producing assets and impact of reducing costs, increasing oil price and perceived value of production.
  • North and West Africa regional exploration projects.

The next meeting will be September/October. Watch this space for a date… 

From Google Finance:

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