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Jim thks vm.
IK, in answer to your question earlier about whether a Major would use Baker Hughes. Yes, absolutely they would. BH are one of the big players in this field along with the likes of Tenaris, Weatherford's, etc. With BH now being a part of GE that should have also strengthened them.
All of the big players in this field of engineering are probably on an equal and comparable footing with each other with no discernible difference. However, what i would say is each major usually has a preference for one supplier and usually strikes a long term supply contract with one of these companies, either globally or regionally.
If someone wanted to have a bit of fun in trying to second guess the mystery Major that is still in the data room then trying to marry-up a potential Major with who they are currently using for their Wellheads & Tubulars might not be bad game.
The design for a well with respect to things like the (reducing) casing sizes as a bore hole penetrates the different stratospheric layers of rock is often arrived at in conjunction with the suppliers well design engineers, therefore, they would need to be someone who is on a Majors 'approved' list so to speak.
1 in 3 COS on one of the potentially biggest offshore resources.......Buy, hold & see is good enough of a strategy forward for me, especially at 2p!
Atb
Twenty years ago there was a 1 in 8 cos, now it’s under 1 in 3... with a 36” casing directly over the sweet spot our odds are looking effing fantastic! CLN rubber stamped next.
Patience pays off!!
Have a great day all
Baker Hughes are a major player in the drilling industry
Baker Hughes are a major player in the drilling industry
The RNS is a strong message for all those doubting - the company are pushing ahead with the Drill!!
.......and major price te-rates in the coming weeks as we progress through all those various stages & mumtiple further Newsflow.
Good to have stocked up here!
I’m not an oil drill expert.
Does anyone know whether a Major would use Baker Hughes anyway for supply?
Obviously if everyone in industry does then Major may actually be involved anyway.
And frankly guys if the commitment to an expensive contract doesn’t convince the market that we are sorted financially then nothing will except oil being pumped!
GL.
BOOM!
Hopefully see a little increase in both SP and volume today.
Any potential Farm-in partners are leaving it late,,,
Flipping Nora... I was right! These structures will be drilled! That was a guess as 'well'
Lol.....good RNS and drilling going ahead for early 2020!
Good to be holding at these levels certainly!
Atb & have a great day
Great stuff... talking about the well and no mention of finance at long last.
We might to 2.1p on this news, not building my hopes up though...
Booooooom! ;)