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No Crystal ball just an opinion. The more Oil that is produced the greater the decline volumes. 6.5% is the average decline rate per year on conventional oil (Opec and Non-Opec, Onshore and Offshore). Thus if demand increases and so does production the 6.5% becomes the decline rate of an ever greater quantity. The World needs to find ever greater quantities of Oil and bring it into production every year. Given that investment in future exploration has been kyboshed and ongoing projects have also been delayed or cancelled and given that shale has ben curtailed a shortfall is likely to present itself by 2017. If you are looking at Providence bearing this in mind and target Barryroe Production for 2019/20 then you will likely be selling oil in a very favorable environment.
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