Basic Energy Services Inc. (fka BASXQ)

[Stockrocketer]

Many greetings from Algiers !!! 27-th. September 2016

The OPEC meeting had preliminary achieved the primary target as not expected with many analysts:

1, The OPEC members found consensus on the Main Opinion to not repeat the Dauha failure in April 2016

2, "Healthy" oil price was seen something between $70 and $80 per
barrel

3, Iranian "Oil poverty" was stopped immediately and Iran was forced to agree with "cosmetic" production cut to 3,5 million barrel per day (down 18% from 4 million limit) on the reason the oil price growth is giving more than only compensation for losing 0.5 million barel per day with price $40 for each. Saudi and Russia may cut oil production to 8 million per day quote (down 25% from today´s level), United Emirates to 4 million barrel per day, Kuwait 3 million and others up to 2 million barrel per day.

Deal is signed in fresh atmosphere of friendschip and understanding, designed on need of all to hike the price of oil
as a global surviving condition.