The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Maybe, but which of the OGA license extension requirements do you want to see relaxed?????.
I think the P&A is going ahead, but may be wrong. I think that they may give a years extension on the GWA commitment Well. We have till Dec next year to drill the GLA well so unlikely this will change.
I believe they need the commitment wells for Field Determination at some stage prior to any FiD on any FFD but no rush for that given the current craziness.
All IMO and quite possibly completely wrong on all counts.
Aquae ,one would think ?that the weakest
fall over first and we have £150 million
un restricted cash.
yet
I have one question, in the worst case scenario where oil storage reaches saturation point and oil tankers are utilised as temporary storage facilities, how will offshore oilers offload their produce?
https://www.theguardian.com/business/2020/mar/25/oil-price-may-fall-to-10-a-barrel-as-world-runs-out-of-storage-space
Could possibly be, certainly worth keeping an eye on her movements over the next week or so.
"Don’t be surprised to see a second one. ;-)"
Petroatlantic ???? Due at Nord -West Olleittung on 10.04
http://www.jade-dienst.de/fileadmin/user_upload/Bilder/hafenbericht/hafenbericht.pdf
Is it possible that with the potential for the OGA relaxing the HUR licencing requirements that HUR may end up profiting from this unprecedented situation.
I certainly hope so as us LTHs are due some luck .
Stay save all.
Don’t be surprised to see a second one. ;-)
Merci encore Amaja .... question interessante...
...PRODUCTION HAS NOT BEEN AFFECTED!
On her way to Lancaster. But she is a far smaller tanker than eg the Petroatlantic. So I wonder?
Correct, I believe the guy was sent off as a suspected case and tested in hospital. I think he’d not long arrived on AM so hopefully not long enough to have spread. On the plus side she’s well down in the water and needing a tanker soon.
The guy woul have been tested only if he ended up in hospital. No test kits offshore to my knowledge. Bussiness as ussual and still producing.
"Great that they seem to priorities offshore workers with testing, maybe because its Aberdeen and Scotland still seems lightly effected compared to London ect."
Of the 4 that were sent home from my rig this week none were tested. We were told that you couldn't even buy a test kit because they were all being used by the NHS.
It certainly will and it already has but you won't have heard of it. The rig I work on, which shall remain unnamed, has sent home 4 suspected cases this week without a peep in the news. They were flown back on a normal chopper, albeit sent out for them specifically with some added health and safety precautions, not the special corona chopper the coast guard are using. If the case on the AM needed the coast guard then they must have been in a serious condition. I hope whoever it is recovers fully.
Great that they seem to priorities offshore workers with testing, maybe because its Aberdeen and Scotland still seems lightly effected compared to London ect.
Reckon a certain someone might have humble pie for le petit dejeuner.
Theres loads of north sea assets with confirmed cases that have been evacuated. Its going to get everywhere this virus, most will be fine.
Hurricane Energy plc confirms that a crew member on the Aoka Mizu floating production storage and offloading vessel ("FPSO") at the Lancaster field has been evacuated to the mainland for medical reasons and subsequently tested positive for COVID-19.
The evacuated individual was transported onshore by an HM Coastguard helicopter and is now receiving medical treatment.
Hurricane is supporting Bluewater Lancaster Production (UK) Ltd ("Bluewater"), installation operator of the Aoka Mizu FPSO, with its response. Bluewater is working within the guidelines provided by NHS Scotland, Health Protection Scotland, and Oil and Gas UK in determining the next steps. Production operations at Lancaster have not been affected.
mytton,
"I have no reason to doubt you or the article hence my original question - which you have answered."
That is a 'politician's answer', in other words not an answer at all.
Please feel free to doubt me. Plenty of people do. Until (usually) I prove 'em wrong to have done so.
However, your original question was about why I 'reported' that poster who put up the link to the supposed EnergyVoice article. To which I responded. So yes, I guess that matter's closed.
However, you have not responded to my own question, and I feel it would be polite of you to do so, if nothing else.
Maybe I should re-phrase it, in a rather roundabout and longwinded way, maybe, but as you've remarked, we have 'time on our hands' at the moment.
I contend that the 'coronavirus on the Aoka Mizu' article is a piece of shameless scaremongering, utterly shoddy journalism, and possibly originating from a foreign source (though I'll have to wait a few hours to check about that last bit).
What reason do you have to disagree with my opinion regarding the first two bits, though?
Also, I have another question, but please don't feel obliged to reply to it. Are you by any way related to John Mytton, a somewhat infamous 'rake' and scoundrel of the 19th century, who attended Trinity College, Cambridge (with poor results), went on to live a life of unscrupulous scandal, leaving countless illegitimate offspring in his wake, and died penniless of delirium tremens?
If so, I doff my hat to you.
I have no reason to doubt you or the article hence my original question - which you have answered.
"I'm in Bottisham actually. (Cambs)."
Ah. That part of the country where they drive a punt from the wrong end. I'm an Oxford man, myself, though haven't lived there for over forty years, now.
"If you hadn't noticed we all have a lot of time on our hands at the mo hence me on here at 4 - 5am."
Yes, I have noticed that, but I follow 'government guidelines' and wash them frequently.
But I'd like to repeat an admittedly implied question to you, again. I strongly suspect the EnergyVoice article to be a sham, and deliberate scaremongering. What reason do you have to persuade me (and maybe others) that I'm wrong?
Ha!
I'm in Bottisham actually. (Cambs).
If you hadn't noticed we all have a lot of time on our hands at the mo hence me on here at 4 - 5am.
mytton,
" I thought this was a discussion forum and people could ask questions."
Of course it is. And you've asked some questions, a couple of which I've replied to. Of course, I'm not so headstrong as to say that my answers are 100% correct: please consider them as opinion based upon certain suspicions, but I do offer them for your consideration.
However, having entered into this debate with you, I've posed one or two questions myself. I hope you'll respond.
mytton,
"I have changed the Subject title as I misnamed the publication"
OK, clever of you.
Now then. It's just after 5 in the morning from where I write. Four, in the UK. And I very much doubt that there are many people in the UK (especially Scotland) daft enough to be up scribbling away on a stockmarket BB like I happen to be doing.
But it's early morning in somewhere like Iran (or eastern Russia), and mid-afternoon in China.
I wonder where you're writing from?