Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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GGiS & all - Looks like our ship is coming in - in more ways than one! Safe journey to all who sail in her, and to all offshore personnel in a tough month ahead. Meanwhile, back in the cosy trading rooms they have narrowed the spread to 27.7/27.85p. One or two hefty swipes from a bullish buyer and we should cruise past 28p later this week as news arrives.
Yes, it has been stationary since yesterday at current position. Made over half of the jorney from Dundee, and has another day of towing to reach Southwark.
Maybe bad weather?
Peak
It’s sitting off the coast at Bridlington with its tow vessels at the moment. Showing as stationary at present, still a bit to go before reaching Southwark location.
Certainly won’t be there today but we’ll on the way
GG
Hi toro - did the HND get to Southwark at your predicted timing?
I prefer your date to mine :)
tugs NJORD VIKING and MULTRATUG 3 give ETA 2021-12-06 08:00.
Depends on weather, i guess. At least it is going to site!
Reported ETA: 2021-12-07 12:00 LT
Rig moving to Southwark (should arrive Monday morning): well spotted guys; ahead of RNS!
From the Corporate update 22 Nov. :
The rig is expected to re-mobilise to Southwark by the first week of December - TICK
Maybe they are awaiting on Bacton news to give us the long awaited news for first gas!! wishfull thinking?! It really can´t be that long now.
Corporate update 22 Nov. :
The key subsea, umbilicals, risers and flowlines (SURF) and hook up and commissioning (HUC) scopes have now been completed in preparation for Blythe and Elgood first gas. These include connection of the Blythe 12" pipeline (PL4956) and Elgood 6" pipeline (PL4955) to the Blythe platform risers and leak testing and dewatering of both pipelines; fabrication and installation of the 24" valve skid at the Saturn Banks tie-in point; tie-in of the shoreward section (PL5079) of the 24" Saturn Banks pipeline section at Bacton; hook-up of the Blythe and Elgood wells and system commissioning. Use of a walk to work vessel has enabled longer shift durations and minimised the need for helicopter flights.
Successful leak testing and dewatering of the 24" pipeline and valve skid has now confirmed the integrity of the production system from the onshore Saturn Banks Reception Facilities (SBRF) at Bacton to the Blythe platform and the Elgood subsea well.
All offshore work completed ready to turn on valve and send gas to Bacton- TICK
Corporate update 22 Nov. :
Key items recently completed include installation of the new 24" emergency shutdown valve, pipeline spools and motorised valves, replacement of the gas metering streams and associated isolation valves, installation of new pressure control valves and pulling/terminating of all multi-core cables.
(So, what was left to do, TWO weeks ago, that stands between us and first gas: )
completion of intra-terminal pipework, testing of telecoms & control systems, installation of the emergency vent stack.
I am confident that father X-Mas will come early for IOG.
Good luck and well done to all the teams that have got us this far.
Looking forward to the imminent RNS ...
Just off the east coast near Berwick this morning