Spdr S&P Oil & Gas Exploration & Production Etf V.XOP.W

Primary Symbol: XOP

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the oil and gas exploration and production segment of a U. In seeking to track the performance of the S&P Oil & Gas Exploration & Production Select Industry Index, the fund employs a sampling strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the oil and gas exploration and production segment of the S&P Total Market Index (S&P TMI).

ARCA:XOP - Post by User

Spdr S&P Oil & Gas Exploration & Production Etf

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Comment by Storckon Oct 08, 2013 1:52pm

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Post# 21800145

RE:RE:RE:RE:RE:RE:RE:RE:RE:What counts

The rig movements don't imply any preference for one prospect over the other. EOM signed the farmin with Providence in 2006 and had a drilling commitment under the Exploration Licence to drill by Nov/13. The Eirik Raude rig was contracted by EOM to move from African Petroleum's drilling program in Liberia blocks 8 & 9 in early 2013 up to Ireland to drill the Dunquin well to drill in the summer and meet the licence obligation. Its back in Sierra Leone now, drilling for Lukoil who had an obligation to spud a well by I believe September. In relative terms there are not a lot of rigs capable of drilling in these deep water depths and meeting the timing of licence commitments on deepwater blocks is all about rig scheduling and sharing of rig slots.

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