Member Info for adoubleuk

Albi1,

"This came up on the Advfn board and the consensus was little difference but obviously daylight in these conditions has got to be somewhat more straightforward."

Agreed. And that goes for all sorts of similar technical operations. In 'mechanical' terms, it makes very little difference if the latch-up is done in daylight or total darkness. Other than 'snagging' the marker-buoy and the rope (not a wire-rope) attached, stuff like that.

But otherwise and generally, and if there's no significant overall cost impact, never start an operation at four in the morning if it can be postponed for about five more hours. By which time evryone will have had breakfast, attended the 'morning meeting', and be alert. (Whatever a Lert may be.)

Longwait,

"If HUR reached 200 p per share, I would hold on for the bidding war."

Aye, but there lies the rub. What if the war doesn't happen?

I had the extreme good fortune to have shares in a company which got taken-over after a bidding-war, around ten years ago. But it came as a nice surprise, wasn't anything I'd planned for. Paid for a complete re-roof of the house and a brand new car for the missus. Who turned out to be a 'good housekeeper' in the Zsa Zsa Gabor sense, so of course I've got nothing personally to show for that little share-scoop these days!

Nope. Greed leads to obesity problems, with all that leads to. Like difficulties climbing stairs, and the pretty young ladies not sparing you a second glance.

If this share gets close to, or over a quid, I'll be about eighty or eightyfive percent gone. Sure, the 'oil in the ground' might be worth five times that, but I'll be pushing up daisies before full field development comes round and the extraction rate merits such a value.

Though I'm sure it'll happen. Just that I won't be around to see it.

'Strategy' has to be forward-looking, but tactics planned with a coldheartedly realistic appraisal of one's means available, and what one wants to achieve in the relatively short-term, to keep abreast of (or maybe slightly ahead of) the game.

thestreet,

"I said there was a weather window I was right"

Maybe. Let's hope so! If it's anything like here, there could be. And I live on the continental mainland, about a thousand miles south of the Lancaster field.

It's uncanny.

Sure, I tend to be somewhat nocturnal, but unusually, was in bed around midnight last night. And it was rather noisy outside. I live in a town, but nevertheless have some unusual gadgets, such as a hand-held anemometer. Which I leaned out of my fromt window with at about eleven, and it showed the wind at around 100 kph. Some neighbouring unlatched shutters banging, a few tiles coming off roofs, the wheely-bins down in the square doing wheelies!

And I've now been woken up. By silence. The storm's gone over, the sky is clear, there's not a breath of wind. I can hear the rush of some heavy truck-tyres on the motorway. But that's six kilometers away. There's an occasional owl- hoot. But I reckon he or she is at least a couple of miles off.

Further inland, I bet it's snowing, as forecast. Slowly, and quietly.

If the weather's come down WoS like it has done here, maybe Thunderbirds might be Go. The AM's heading steadily north doing 6 kt at the moment, just past Orkney. And I don't reckon they're driving in that direction to go looking for puffins.

Fingers crossed...

thestreet,

You've taken some flak here of late, from some people who I think know you. Professional traders.

However your latest post seems quite right, except I wouldn't comment on your predictions for this SP, except they're in the same ballpark as I'm reckoning.

You mention some other companies, though, and some of their sometimes crazy-seeming share prices. Things where if one had been keeping one's eyes open, killings could have been made. (Or terrible losses, as well!) I cn think of one or two others which could be added to the list...

But here's the thing. Hurricane hasn't followed a similar 'fly by night' pattern. Sure, ups and downs, and most of the 'ups' seem to have been driven by 'market' rather than 'fundamentals', which is a good reason I'm not taking my eye off it right now. Because a 'trading opportunity' may be in the making, possibly.

Nevertheless, there's a word you people in the UK hear about every fifty seconds on the radio and TV, which is 'backstop'.

To my mind, anyone who moves COMPLETELY in and out of this share for trading purposes is a blithering idiot, and probably losing money on a regular basis.

For the simple reason that it's never gone 'haywire'. And to my mind, the reason for that is that there are some underlying technical 'fundamentals' which the Major Investors don't want to see undermined by speculators.

Sure, if this SP 'does a SOU' and suddenly rockets up to 2 quid or so, I might sell 80% of my holding instantly. I'd be an idiot not to But I'd keep a firm hold on the remaining 20%.

However, I don't think such an event's likely to happen in the near future..

scoredagainsteps,

"A doubleuk life changes I had 3 Porsche’s 1 was brand new in 2005 a c2s now I would not waste my money . I like to help out my family and friends that’s more important than trying to look good .Maybe it’s my age mid 50s and I’m grown up"

You sound like a good bloke. I've never owned a Porsche, nor wished to. Driven one once, (quite fast) but didn't 'geddit'. The engine's at the wrong end, just for starters.

Enjoy your mid-fifties while you can! And being good with family and friends is all that counts. The rest is just gravy.

Snail,

"South East of course AD ,apologies."

Not only that, but about 310 km away!

Looking at the forecast, I'd advise stocking up on firewood. This is utterly crazy. Our boat's slowly moving north in hope that a 'weather window' might open for hook-up WoS. Whereas down here in France it's blowing a gale.

Mr Wilks,

"If your in the west of France your not to far from me in the Channel Islands, think we have the same weather."

I'm in Niort, which is 50 miles inland, way way south of you, but sometimes experiences 'coastal' weather. And it's blowing a dam hooley here, right now. No kidding. But the rest of the country is waiting for snowstorms, so not complaining.

Keeping indoors, nevertheless. Which is one of the reasons I've been rather 'hogging the board' today. When I'm stuck indoors, I write. A lot of it might be rubbish, but everyone needs a hobby.

On which subject, I reckon 'quote of the day' must go to 'Straightagainsteps' who penned this just after midday:

" If all goes to plan i will buy my secondhand car im after as a once a month driver"

At last! Someone on these BB's that doesn't want a new Porsche!

(Of course, we don't know what sort of secondhand car he's after. It might be a Ferrari Daytona. Personally I've always wanted a desert-spec Kenworth 753 'bobtail' for myself, but I don't know where I could park it).

Mr B,

"Don’t you know a poker player never reveals his cards :0)"

Untrue. But when they do, there's a reason for it, if they're any good at the game. The thing of course being, on such occasions it leaves the other players trying to figure out why the 'card-reveal' was made, and what it may have meant... etcetera........................

Mr Wilks,

A lot less than yours! 21p. I've been here a while.

Mind you, I know someone who was completely 'out' and bought back in this morning (don't know how much), but obviously is already in profit.

And here (very unusually!) I find myself agreeing with both Wellwell and IjWT at the same time!

Get the boat latched-up, get the two wells running, and what Biffadog refers to as an 'ugly-headed topic' might become quite a real scenario.

For a very simple reason.

Some people appear to think that any potential 'buyer-in' is going to wait six or eight months for Hurricane to do their 'science project', provide 'proofs', and so on, before reaching for the cheque-book. During which time Hurricane is building up their 'value statements', and thus making themselves a more expensive 'acquisition'.

And something shouldn't be forgotten. Part of officially-stated company strategy and business-plan is to eventually 'monetise', providing a good return to shareholders. And the CEO is a shareholder.

But does it make good business sense to 'wait and see', instead of buying up the whole 'science project' while that can be done 'cheap'? Sure, it might be a bit risky, but who dares wins. And if, by any chance, like holding a seat on the BoD, one knows just what that risk may be, and best able to appraise it, or at least better than some 'outsider', why not go for it?

I certainly don't want this post to appear 'rampy', but we're back to exciting times. Just so long as the weather's kind.

Which it isn't where I live in western France, by the way. There are tiles being blown off house roofs across the square in which I live, right now.

Albi1,

I'm sorry if it sounds like I'm 'controversing' you, but this discovery is utterly unrelated to anything Hurricane's doing. It's central N.Sea, and 'conventional', not WoS and Fractured Basement.

Except...

Maybe a couple of things.

First, the 'Chinese Connection'.

Second, despite Central N. Sea being an old, old play, it goes to show that drill deeper, and you might find more. Sure, this was a pretty deep well: 16,000 feet. But an estimated 250 million bbl isn't to be sneezed at.

Thanks for the links. It's nice to know my fellow oilfield colleagues are continuing to find more oil. That way, the wind-turbine manufacturers will have a supply of energy and raw materials to continue in business...

Simon,

" Looks like both boats are tugs despite one being listed as supply."

Both are tow-capable, even if not listed as 'anchor handlers' or tugs, as such. It's a dual-tow, which I believe is a requirement in UK waters, anyway.

BB,

"I'd never seen those things before so it was just a wild guess but I don't remember seeing anything like those on the AM"

Yes, they're on the AM, as well. Four of them. Two (each side) just behind the 'greenwater guard', and two more (each side) just aft of the accommodation / bridge block, right next and forward of the 'blast wall'.

They're a bit hidden, and are smaller than those on the Egina. But the same things.

Check the recent photos on google (too many here to list).

DC,

You beat me to it in replying to Chislehurst's post! Which is in fact one of the most pertinent today, imho.

He said

"There should be a HUR action group (or rather inaction group) so that shareholders can be persuaded not to sell their shares when the first offer comes along."

And my reply was going to be "who's to say there isn't one already?"

But you've put it more succinctly, and also (more importantly), pointed out that in terms of shareholders, this company isn't PI-driven.

It's the yanks we've got to watch out for, because they've maybe got their own POO-driven investments and agendas they're looking out for...

But personally, if anyone comes in with a hostile offer of anything over a quid, I'll quite happily take the money and run... Much as I love this company and its project, I ain't married to it.

BB,

Yep. 'Freefall' lifeboats.

Have a 'training launch' in one of 'em, hope you never have to use one in anger.

daltry,

Back to your link, and deliberately trying to ignore recent smutty innuendo-loaded posts.

I thought N'Kossa FPSO (offshore Congo) which I've transited through on the way to a neighbouring platform was the ugliest machine I've seen in my life. But that 'Egina' thing now takes the trophy. And yes, its bum looks big.

Far prefer our petite little Aoka Mizu. Especially with its pert little 'nose job' with the addition of the for'ard 'greenwater protection'.

miker444,

"That would generate a lump sum value which would hit the RBD coffers in one fell swoop. That is what RBD are all about, monetisation / cashing in."

Yes.

It's why in an earlier post I maybe unwisely mentioned my poker-playing habits, and the notion of 'implied odds' (which is a phrase which might be worth googling, for anyone unfamiliar with the term).

Don't get me wrong. I'm not decrying all the numerous 'small plays' RBD's got and already keeping them in the game. But just one 'big pot' can make the evening.

boblondon,

" we are making over $2.5million per year profit"

Who's 'we', Tonto?

I will wait for a company financial report RNS before I believe that.

Please don't get me wrong. I'm a 'believer' in this share, trust the two CEO's, and so on. I think the business plan is good. But let's not start talking profits yet. Cashflow and paying the rent is already good enough.

dspp,

I always like your posts, some of which I agree with, some of which I sometimes don't. But always bearing in mind that 'agreement' by a poster on a BB doesn't necessarily put money in my wallet.

" It is quite clear that your views on renewables are informed by emotion rather than facts. "

And you might be right. But I feel you've still missed a point I was trying to make earlier. About being held up with my Rangerover (diesel, from which I've removed the EGR) ticking over for a quarter of an hour, along with another hundred vehicles, waiting for an artic carrying a wind-turbine blade to negotiate a roundabout. And that's just one blade. Plus the artic's got a few other vehicles in convoy. And even once past the roundabout, the tailback can take ages to get sorted out.

Yeah. That affects my emotions, considerably! I get annoyed, bigtime. Which might not be good for my personal health, I know: blood pressure, etc. But that's equally why I'm frequently tempted (when driving alone at night) to stop the car, take the chainsaw out of the back, and have a go at one of those things. And the only reason I haven't done so (yet) is I'm afraid it'll fall on me, which would make the exercise rather pointless.

One has to be holistic about this.

And yes, you're dam correct that my views on wind turbines are driven more by emotion than anything else. They ruin the landscape views, and kill wild birds. Which is already two good enough reasons why not to like them.

SG2,

Wow, that was a bit of a difficult post! And I thought I could be prolix at times.

But hey!

" In strategy terms - thinking WoSP and Hur's gas asset in a region hopefully soon to be connected to it) - could this significantly alter Hur's future value?"

And you use that nice word 'strategic'. Which gets occasional mention, time to time, in respect of WoS generally, and then gets strangely forgotten.

But it seems the 'foundations' are there. It's just that the architects aren't quite yet sure what to build on them! Or at least, not exactly what the structure will look like.

The key thing is infrastructure. Or to put it crudely (pardon pun), pipelines. And there's a problem. WoS (or more accurately, the UK Western Atlantic Margin). It's NOT the N.Sea. Water depths are different, and so is the weather.

Overcome those difficulties, though, and you could be looking at the Seventies all over again.