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Russian economy collapse starts. 50 billion to ukraine and sanctions on russia/china banks. all inet links to russian banks severed. russians line up outside banks to withdraw savings. on the street exchange rate 200R -$1. bankrate (unobtainable) 50R = $1
western fears last 2-3 yrs always 'what happens if russia collapses and nukes get into worse hands'. just been cast aside - western leaders agree - 'only way stop Putin is make Russia fail'
'senseman 26.0.22
it is already the beginning of the end for bad mad putin - a tinpot dictator surviving via nuclear ownership
if russia takes ukraine (the size of france) it will be guerilla afghanistan on his doorstep - there is zero chance he will retain ukraine - ukraine will be ukraine again
russians will not bear to live with the shame - when demonstrations grow, russian troops will not fire on russians
russians' choice - your country a permanent pariah state, or putin gone? a no brainer!
i salute you, ukraine
SLAVA UKRAINI - GLORY TO UKRAINE
NB: The writer has lived in both countries. Ukraine is a good place to live. Russia is not'
jake broe you tube today (hugely worth a full listen)
https://www.youtube.com/channel/UCYHosdETLPp6dpJEsgIUTmw
dive - the back of my *** packet concurs. if we see 0.8p will be a result. p6 production figures keeping dcus alive & kicking. so all eyes on next couple of months p6 figures
Using the available information I have made an estimate of revenue from the last three offloads in order to assess the amount of the next DCU payment The figure I have calculated is $116,681,260 and this has been arrived at on the basis of Brent prices of $78 for the January offload, $82 for February and $84 for May.
The eventual DCU payment will be determined by the sterling dollar exchange rate in the period leading up to the payment date at the end of September but if it remains at the current rate of 1.27 the payment should be 0.00789p or thereabouts.
"Trump is below even on Betfair. True odds are 5-1 against. Trump will lose.
HUR/Prax - projected maximum P6 standalone 8p already lying toast. We get 17.5%, they get 82.5%. What would SP be if not sold - not far short of 20p, and rising?"
Trump is a cert to win in November. A HUR share price of 20p with Labour about to come into power and who will increase the North Sea windfall tax. Dream on.
Keep taking the medication Senseman.
Unloading this morning
https://www.marinetraffic.com/en/ais/home/shipid:6502557/zoom:16
Ditto from senseman
With Brent currently $82 doing us no favours, production is our DCU lifeline. Jan 24 projected production was 6K bpd and falling, so P6 chugging steady 6.78K bpd in lay terms equates to Brent $93. Put another way, offload every 79 days rather than projected +90 days by now. That said, few believed HUR/Prax production projection. Is P6 explanation being that sandstone oil seeping into rock fissures as pressure equalises? Fingers crossed next few months.
Recent OPEC+ meeting extended cuts to Dec 1 next meeting - meaning unlikely Brent will crash. Big unknown is politics/war - by whatever miracle oil price so far has confounded history by escaping huge increase usually lasting 3-6 months
Thank you Laser and Dive for your continued input, I, and (I'm sure) many others appreciate it.
Correction:
April figure for oil should read 6.78, not 6.75.
Dive Centre Thanks for the heads up just looked at April all does seem good next tanker watch early AUGUST then cheers laser
The latest production figures are now out and for the second month in succession production has increased, 6.78 mb/d.
For comparison these are the last 6 months figures, mb/d, oil and water.
Nov 6.87 8.95
Dec 6.72 9.01
Jan 5.69 7.69
Feb 6.59 9.04
Mar 6.73 9.80
Apr 6.75 9.78
Also worth noting the water cut has gone down.
It suggests the recent offload was higher than the usual 530k.
Dive centre i notice altera wind still waiting to unload
its possibly going to unload at a crude oil tank farm and a pier at the oil port in Rostock. i believe that oil tank farm has a link to a refinary in Germany where prax now have a 37.5% interest Perhaps sales from Lancaster not going usual route to BP I don't know just speculation from me
The Rostock-Schwedt oil pipeline transports crude oil from the port of Rostock to the PCK refinery in Schwedt, in the former East Germany. It is owned by PCK, the owner of the refinery in Schwedt. PCK is owned by Rosneft, Shell, and Eni.
Hi DiveCentre LOOKS A FULL LOAD
ALTERA WIND departed from Port AOKA MIZU
at 2024-05-17 08:42 Local Time (2024-05-17 08:42 UTC)
Hi Lasedisc
Altera Wave has just in the last hour or so departed Lancaster en route to Rostock reporting a draught of 12.3.
Hi DiveCentre,
You were spot on with the dates this Thursday 16th May Altera Wind due to arrive Lancaster
Thanks Laserdisc.
With the higher than expected March production we have to be due an offload this next week. I'm thinking the 15th.
DiveCentre
top of watchlist this evg destimation should update over week -end
May 10 - 16:45 AMUNDSEN SPIRIT
Shuttle Tanker
Scapa Flow No. 6 TBA UNKNOWN PORT, Unknown/Not Yet Entered
POSSIBLE/PROBABLE – "GUIDE"
2x year. End of March & September
Probably 0.6p end of March 2024
Probably 0.9p end of September 2024
Probably 0.6p end of March 2025
Probably 0.6p end of September 2025
Probably 0.3p end of March 2026
Probably 0.3p end of September 2026
Possibly 0.3p end of March 2027
Can you someone please list, Since hurricane bought by Prax, how much money per share with dates.
Thanks a lot
Thanks Laser. Huge figure well above HUR/Prax projections - fills tanker every 78 days so currently 4.5 tankers pa rather than 4 - longer we stay under 90 day cycle and over 4 full tanks pa the better.
Shame Brent retraced from 90 to current 83 with offload due soon. Be nice if both metrics sang the same helpful tune at least for a couple of offloads
MARCH daily production reported @ 6730
No updates from prax you can look on this link for production in arrears March figs are due for release in the next day or so
https://nstauthority.maps.arcgis.com/apps/webappviewer/index.html?id=984eeea3b1664049b12c02a28478bdaa
Me too, into my FirstDirect ISA where they shouldn't have gone as DCUs have been switched, by them, to my Sharedealing account. SIGH!
Have finally received the funds this morning
Have Prax given a performance update of the well recently ?