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Whoops typo again;-/
AK “ And sorry, Wellwell, but your sudden mentions of Nanoco here have completely blown your cover.”
What do you mean? Did you not realise I’m invested over there? I brought up Nano as our mutual friend SIPPknob used to troll NigWit and I when the price dropped significantly after Apple ended the contract. He was rubbing our noses in it so I felt it was time to remind him what goes around comes around. I’m surprised this bothers you frankly!
downbutnotout,
"oil price gonna soar this evening."
So what?
In the past, there have been some people who tried to make a case for the HUR shareprice being closely linked to the price of crude. This LSE BB isn't sophisticated enough for posters to include pictures and graphs, etc. to illustrate such arguments, but others (and also private websites) are. So they posted such stuff there.
Some of those people became banned from this BB by LSE. Also from another private site from which myself was thrown out for having blown a certain whistle. And the owner of that site (once a frequent contributor here) no longer posts.
Various names are getting thrown about here today, but I'm not going to do so. And sorry, Wellwell, but your sudden mentions of Nanoco here have completely blown your cover.
Yes, this SP is being 'manipulated'.
F*ck the FCA. I think I'll phone whoever does the 'Prufrock' column these days in the FT instead. I was in frequent contact with that desk when a certain scandal broke out (with severe repercussions) regarding a company drilling wells offshore Greece, a project on which I was working offshore as consultant DSV. No names, no packdrill. And I was just a 'hired hand'. But The company got run out of the country by the government. Not me, though, because I was retained by the Greek company which took what remained of the operation over.
'Prufrock' never published, because mutually we decided that we weren't prepared to face large men in black coats with sinister bulges under our coats coming knocking on our door in the night.
But that was back then. And the whole issue was about an 'oilfield' being hyped as the greatest thing since sliced bread, when in fact it was dryer and tighter than a nun's private parts.
(And haha! I've got a clandestine copy of the logs still here at home to prove it! But I'm no longer worried about the men in black coats.)
What's happening here with HUR is similar, but the inverse. I firmly believe that there is a deliberate 'movement' to stifle the company and its oil discoveries by whatever means. Misinformation via the press, share-price 'manipulation', whatever.
I've mentioned it before in previous posts, but I think we're seeing the same as when Dyson went up against Hoover.
Petroatlantic was expected at Wilhelmshaven with an ETA of the 21/02/20 this has been changed and the ETA is now
28/02/20. She was also scheduled to leave Scapa Flow on the 21st , now her ETD is the 23th.
Excellent NGR. Say it like it is, we know where we all stand then!!
https://www.marinetraffic.com/en/data/?asset_type=expected_arrivals&columns=shipname,arrived&arrival_time_gte|gte|arrival_time_gte=360,43200&quicksearch|begins|GLEN%20LYON|quicksearch_id=Port-23846
The Glen Lyon gotba tanker beside it so weather must be ok for unloading.
https://www.marinetraffic.com/en/data/?asset_type=expected_arrivals&columns=shipname,recognized_next_port,reported_eta,arrived,show_on_live_map,dwt,ship_type&recognized_next_port_in|begins|GLEN%20LYON|recognized_next_port_in=23846
Well, you didn't beat around the bush!
some late buys there!! bodes well for tomorrow if oil price plays kindly.
oil price breakout! game on!!
maybe tomorrow then we get a rise. flat finish today.
Fandg2,
I would expect them to put safety first so that would seem reasonable to me. We'll find out soon enough.
oil heading higher to maybe $60 WTI. so by time tanker is off-loaded HUR gets more ££££? or is price already set?
FWIW I don't think they will bother over achieving on the 20kbopd with the current weather situation, no point . They certainly won't want to shutdown the process facilities on the AM because she's brimmed out, so it's a timing issue between the weather suitable for offloading and tanker availability. My bet is she's reduced production atm and probably for the last week or so until they know when the next offload will be.
Sorry 'full' capacity - as weather conditions are a little rough at the moment I wonder if they avoid loading to full capacity for safety reasons?
Cebo,
As I said rough calculation. Let's say tanker's capacity is 600,000.
We have produced on average around 400,000 barrels per month. We're proposing to double output? If that's the case then = 800,000 barrels. You will need 1 tanker at 600,000 + a second tanker at 200,000? I'm not sure tankers run on fully capacity so I imagine it'll be more like two tankers with around 400,000 each?
Previous production targets have been massively overachieved, A case of under promise & over deliver. I wonder if the current 20k bopd target will be exceeded?
oil price gonna soar this evening.
16p+ close please. do it now!!
come on shes moving!!
If I remember correctly Dr T said that the well performance was such that they could make up for most of the loss due to downtime!? So maybe 100% then, as only limited by flare consent.
Albi, since when did the tankers only hold 400k. Pretty sure the ones they use WoS can hold 600k+.
HUR have said that the 20k bopd is subject to facilities availability which is over 90%. I would imagine that is some where between 90% and 95% so if you take the mean, 92.5% you get average bopd of 18.5k. AM probably has about 450k onboard now.
Information suggests that Petroatlantic will do the next offload but she is currently carrying a load from Kraken. The fact that she is still at Scapa and has not offloaded at Ftotta suggests she may be waiting arrival of a tanker for a ship to ship transfer. SCF Provider has just arrived at Scapa and may be a candidate.
Densh,
Think we might need two tankers - average offload has been around 400,000, x 2 - that's a tanker and a half. Rough approximation but two tankers would certainly be a welcome sight!
thanks all. hard to believe that another offload won't move the SP at these levels. If we can understand the volume as well then it will give us clues on the production but I still contend that the 29/1 RNS was quite clear - 20k bopd (or thereabouts) from end Jan unless they tell us otherwise.