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Ok, thanks Biffa.
ash666,
FPSO (bare boat charter), crew costs. helicopter flights, safety vessels and offloads are already included in the $28 Opex.
Makes sense really as both the headline figures you have identified fall rather firmly into Opex anyway.
More importantly, Opex costs are due to fall to $20 in 2020.
Just plain facts. No more, no less.
GLA.
Also don't forget to take off the amount per barrel we pay for the FPSO and offloads.
Hi DC,
Apologies. I forgot to take into account Opex. Worth pointing out that from 2020 Opex is only $20 and hopefully will reduce further from there.
Even so it puts over $100M in the HUR war chest and with no big capex on the immediate horizon I would agree with you that a rig booking is imminent. It would be nice to see a drill or two in GLA in 2020 as imitated at the AGM.
About time somebody stuck a horizontal in Halifax and cleared that one up once and for all.
GLA.
Biffadog
Don’t forget to deduct OPEX 28$ a barrel as per Q3 presentation guidance page 20.
But still there should be a very healthy cash balance at the end of the year.
Almost certain that they will announce a rig booking before the next TO fleet status report
That’s circa $125M hard cash in HUR’s bank account and rising by about $25M every 4 weeks.
Nice work if you can get it.
GLA.
Draught indeed 11 meters. Clearly visible through binoculars. So, Lancaster crude passing by in very close proximity. Simply “ most interesting”. Sat next to a photo spotter who took some photos for me / us. Will try to post these to morrow( but need outside help to do do from my e-mail and or IphoneX
It was a pleasure to watch in the sunshine
Greetings to you all!
for ......... hopefully to fund 2 or 3 wells on lancaster and Halifax next year, as opposed to 2021.
the good thing is that bp
have already paid us for this cargo
20 million +
bank account building up for ?
Amaja
Just watching live CCTV of AS entering waterway. Thanks for ingo. Stand up and take a bow. :)
Amaja, she was given a draught of 11m. Can you verify?
https://webcam-hoekvanholland.nl/pages/cameras/waterweg-ingang.php
Amaja, got it on. Can you wave?
Absolutely fascinating to sit here at Maasvlakte in the sunshine with my mrs and watch the arrival and departures of so many ships (>300 daily)
I see the AS approaching in the distance. What a monster to watch even from 5 miles away. Should be visible on Hoek van Holland webcams in about 30-45 minutes as well as other webcams. To be continued.....