Member Info for adoubleuk

Oh lovely! It worked!

Now I'm going to have to write an email to LSE, explaining how foolish their software people are making them look...

Hecate,

"Thanks to ADUK for the Joe ****er link, sorely missed."

Glad you liked it!

Btw, I notice that you too have fallen foul of the LSE 'obscenity censor', to the extent one can't even write the Sheffield Troubadour's surname without it being plastered in asterisks.

The people who programmed that thing are obviously exceedingly weird, with terrible sexual hangups. About 18 months ago one couldn't mention a certain freshwater fish. But now it's things like a word that is part of the title of a 17th century play, or the male member (will that be censored?) of the hen family.

Hang on. I'm going to try an experiment. Let's see what happens.

What sound does a **** make at daybreak? "**** a doodle-doo!"

Who killed **** Robin?

I have a dog. It's a ****er Spaniel.

OK, now I'm going to hit the send button and see what happens...

JayJay1,

The wells DO have 20K flowlines already!

The point is, Hurricane will be deliberately 'restricting' flow via the choke in order not to exert too much pressure drawdown on the wells. And it mustn't be forgotten that the current production rate us under NATURAL flow without having to start the ESP's. Which is quite extraordinary, and totally unexpected.

But also, the 16,500 bpd both wells were individually run at during startup (see RNS) is 82% of the 20,000 bpd the flowlines are rated for. Now I don't know if that 20K is a 'working' capacity or a maximum but at this stage in the game, allowing a 18% safety margin sounds like a smart move to me.

Othe oil-people here have remarked on it, but the production figures are really staggering. And it's a reason why I personally feel that Dr T's grumpy "Read the CPR" putdown of the Peel Hunt guy at the CMD was entirely justified, even though I know not everyone agrees with me on that. Let's face it, the CMD is a marketing occasion. The CEO is selling the Hurricane story in the same way a car company tries to sell cars. There was chat here today (oops! yesterday...) about Teslas. Peel Hunt's question was rather like someone going to a Tesla dealership and asking how many miles a Tesla will do per gallon, and is it petrol or diesel?

Don't worry, the guys on the Aoka Mizu know what they're doing There will be good engineering reasons why they're running the wells at the flowrates they are.

Sure, maybe they should put 30,000 bpd flowlines on the next wells. If such flowlines exist.

But thinking again, maybe they should have got a bigger FPSO with a beefier production train!

Haircule,

If you don't get a reply from Longwait, I think you might assume his freezer is acting as a Faraday's Cage and the wifi's not getting through.

This morning I wrote

"By the way, I've suddenly noticed that this is my 9,999th post on an LSE BB, so I'm going to wait for a more cheerful subject on which to write my ten-thousandth!"

But this (I think) will show up as 9,998! Which thread got deleted?

shutts,

"You're a pain in the bloody arse."

How come you can write 'arse' and get away with it, whereas when I wrote 'wh*rehourse' yesterday, LSE censored it? That's not fair.

PS I agree with your post.

Genghis,

"It is filling at a geological rate, we' re emptying at a commercial rate. Of course it will run dry."

True, but let's add a rider to that.

Not in our lifetimes. (Unless you're nine years old, or something like that.)

By the way, I've suddenly noticed that this is my 9,999th post on an LSE BB, so I'm going to wait for a more cheerful subject on which to write my ten-thousandth!

"Yeeehaaaa"

Someone shoot that man, please.

DK,

" we all know it is CA... "

I was wondering about this yesterday. Because quite honestly, I think the CMD presentation may possibly represent a 'tipping point'. And if CA or anyone like them sell now, there's no guarantee that they'll be able to buy back cheaper.

The presentation and RNS have at last put Hurricane firmly on the map.

Rot1,

"The bit I liked, was when the good Dr said that Lancaster was still being filled even today, ? from Clair ridge? if not may be from another conventionel oil field. :-)"

No. From the Kimmeridge Clay, the 'kitchen' formation which 'cooks' most of the oil in the European sector. But not an 'oilfield' in itself.

JayKay1,

"At least IJWT will be happy ;o)"

Oh yeah... With the multiple FPSO's, etc...

Myself, I take notice about the small-print, and 'forward-looking statements'.

IJWT (and the departed Ricfle) were / are perpetrators of the 'multiple FPSO' theory. In fact Mr Sobie has illustrated it today. But simply because it nicely fits into a current mindset about FFD, about which the accountants understand nothing.

BP hasn't planted their platform on Clair Ridge for nothing.

Furthermore, it's not a third- party object, as is the Aoka Mizu.

Wake up, kiddies.

JayKay,

"PS, another tanker offload would appear to be imminent, and straight from Dr T himself ;o)"

Yeah. Just one of those little details which seem to slip peoples' mind. But another twenty million dollars positive cash, to be spent however.

Plus notice (though I can't be bothered doing the referencing) a possible 'new' GLA tie-in well if a rig's available....

Makinhay,

"Fantastic news in the RNS and should now allay any of the doubters. "

More to the point, the actual meat of the CMD. I very much doubt that the traders, small-time PI's, nor other bottom-feeders will have the patience to watch the whole one and a half hours of the thing.

Our dear 'Missdosh' posted a link to it .

And frankly, I've never seen a company ever 'lay its cards on the table' like that. Take the time to watch it.

Stock-full of 'technical things' about which people who think themselves halfway-smart and 'technical' get knocked off the shelf immediately. A bunch of whom post here.

https://www.youtube.com/watch?v=neWkrqGZ-ng

... Just for the heck of it..

Also, vindicating a lot of my own theories, but I don't like to boast, so what the heck. And that's got nothing to do with how I move my shares.

JayKay,

"Well, I've now finished the Dr T part of the CMD WebCast..."

Yup, me too, but in two parts. Didn't want too much at once, so went out to see a free blues concert by the river and a beer or two. To digest things...

Back home, watched Dr T finish off.

Cracked open another beer from the fridge.

And essentially, this is my take, given that this was a CMD. It was not 'buy us', it was 'buy what we can sell to you'. And explaining the thing, warts an' all in great detail.

Utterly brilliant.

Started into Stobie's bit, but have broken off for yet another beer.

"Grinning like a Cheshire cat!"

The Yanks are going to be crawling all over this bigtime, very shortly.

Never mind Thedriver. He just bought in at an unwise time and is now blaming everyone else.

Heck, this has been a good day. How about an appropriate song?

There's an old saying about 'never getting married to a share'.

But I sure do love this one.

https://www.youtube.com/watch?v=kpYxZ-1PnlA

PS. Interesting to see that the LSE 'obscenity censor' substitutes asterisks for a perfectly polite word synonymous with 'prostitute'. I wonder what sort of person compiles the list of words to be censored? They must be weird.

FS22,

"RNS still not addressing non-Oiler’s"

Why, should it?

How would you like the RNS's to read? "Yeehaa! We gone struck black gold agin, y'all! And the EPS wells are flowin' like whisky in a *****house on Sat'dy night!"

Something like that?

PottyTime,

"Spudding shortly < a week ??"

Hopefully. Rig status has been 'moored' for the last 24 hours or so, and the Rem Trader (supply boat) is currently alongside, so should be spudding fairly soon (next few days).

gypsum,

You seem to have thought through your reasoning ('question to be asked') carefully, but to have ommitted (deliberately?) two hugely important and obvious points from your argument.

Firstly, the modelled fracture porosity is an estimated average across the structure. And in any average bell-curve, of course there will be data-points that fall outside of the median line. So the fact that WD intersected an are where the fracture system is less well developed than elsewhere ('missed the scoring part of the dartboard') does not necessarily put the overall figure into doubt, and yet less disprove it.

Secondly, and even more importantly, at no time has the company yet suggested that the Halifax and WD DST failures are due to the same reasons. On the contrary, they imply that the reasons are quite different, one due to the 'granite paste' buildup, and the other due to just not hitting the sweet spot in the fracture matrix. Furthermore, there is a blindingly obvious difference between Halifax and WD: one was drilled subvertically, and the other, horizontal.

I have a slight suspicion that your post is deliberately disingenious. Nevertheless, it would be interesting to learn whether such a question gets posed today. If so, I wouldn't be surprised if the response contains certain elements of the points I've mentioned above.

PS: On a different topic, the RNS contains some staggering and unexpected information regarding the EPS. That initial flowrates of 20,000 bpd have been achieved under natural flow and without the ESP's is extraordinary. Gla to see the market's woken up and this is now being reflected in the SP.

Oh, sorry. Posted on the wrong board.

No. In fact I didn't. It was a post on the RBD BB to come here to see what was happening. Given that the two companies are 'partners' in a common venture.

Think I'd better scoot off down to the sensible place again.