RE: RE: RE: RE: RE: RE: RE: RE: Interesting! "There was a report out the other day from I think they call it the IEA."
Your invested in oil stocks and this is the first time you've heard of the IEA?
"I do not see how WTI is going to effect TPL anyway, they are not priced in WTI. I think the testing from Kaypso, TAJ, and a report saying they are selling 4000 barrels a day will move this stock up."
TPL's production in all its countries of operation are tied to a % of Brent. Only 1/3 of the world's oil is linked to WTI, the rest to Brent. That being said, the two usually move together. So if one falls or rises, so does the other. Just at a different rate. Right now is seasonally a weak period for oil, but the Iran threat will help to offset some of that weakness.
As for the next set of news to come out, I think the production report of 4K/d from Doris will be in the next Quarterly report sometime this month.
There should also be a large increase in Doris reserves as the past report did not give any reserves for the Doris strat trap (which has now been confirmed), used a very low oil recovery factor for the structural formation used in the last report at Doris and since then that formation has been extended with appraisal drilling.