Member Info for adoubleuk

Biffa,

"If there is a significant problem then an RNS will be issued. I’d be surprised if this proves to be the case and if so, you will end up with egg on your face."

OK, let's see what Monday brings. I have never said that there's been a 'significant problem', and I'll repeat, the company has always said FoiL in H1 2019, so there's no 'delay' so far.

Looking across all the boards (not just this one) there seems to be general agreement amongst corresponding PI's that an RNS should be issued about 'status', and I hope the company will take note of this, even if the 'retail market' only represents a small part of its total investment wallet.

We'll see.

You might like to note that I didn't 'gloat' over the fact the vessel came to a stop for the chopper arrival off Montrose the other day, a bet 'Wellwell' didn't take me up on. So I won't gloat if you're proved wrong come Monday. (Or Tuesday, says he, hedging his bet.)

TCF,

"pretty sure its a weather related issue - big storm passing through, why would they risk the hook up its rediculous weather."

Balls.

The boat latched-up (or maybe close to it), then unlatched (for reasons unknown), then went walkabout at slow speed to the west following (after a while) a course akin to someone asleep at the wheel, had a 'near-miss' with a fishing-trawler, then suddenly someone woke up and a deliberate move was made south-east again for 'shelter' and whatever.

Don't be delusional. It's got nowt to do with the weather, because the FPSO is meant to stand up to six years' bad weather once in place. Minimum.

And if the SP goes southbound on Monday as a result, that'll be great, because I'll make a 'trading' top-up once again!

"Aduk.Talking of poker due you know James Bord?.His mother is a close friend of mine."

Not sure. But if his father is called Jonathan, we are closely (though not genetically) related.

Best followed-up by PM, if possible.

johnpwh,

"Good luck to all (very easy to say but I actually mean it)"

And I believe you, it's brought a grin to my face, and in France (where I live, continuing the so-called 100 years' war) we can say 'Happy New Year' until the end of January. So I wish that to you.

Your investing tid-bits are interesting, mildly entertaining, and probably click a few boxes with others on here. Astra Fireworks? Never put money into 'em, never even thought of it, didn't even know they were public. But I love firework shows and things which go bang generally, so I'm glad I didn't know that, 'cos I might have been hit the same way as yourself.

But it might be a good topic for the weekend. This BB being great for OT chat. Like WHICH ARE THE AIM STOCKS TO AVOID? I can think of a few. (Ones which I've been screwed by.)

We'll have to be careful about LSE / FCA rules here, if this topic takes off, but it could be fun. I'm a serious poker-player, and as such know I can't win every hand I get entangled in, so can take losing with equanimity. Sometimes.

But yeah! As an OT thing, which are the 'howlers' to avoid?

Rangers!

" One thing I would say is MV Vera is not a Scottish vessel, it's Spanish and there are a few others in the area."

I stand corrected, sir. And without in any way wanting to start some sort of OT Brexit discussion here, the fact that a Spanish fishing vessel was so busy-busy off 'our' (even if I live in France) coastline does raise questions in my mind!

However, maritime protocol is such that when at sea, nationalities of the souls on board is of no interest. And that was a 'near-miss'.

Wright,

"Sailed past the AM yesterday afternoon. I'd say she'll be heading for shelter as there is no weather window for hooking up in the next 7 days"

Literally 'sailed' (as in puff-boat) or what? Whichever way, thanks for your post. Which does contain an inaccuracy, though, in that the FPSO doesn't require 'outside assistance' from another workboat for hookup.

Have a safe voyage.

MalcolmS,

"I was at work, what's the detail on this, i.e. what happened and what were the potential outcomes?"

I will answer this indirectly, for what I hope are obvious reasons.

I take it you're familiar with AIS vessel-tracking. Personally I use 'Marinetraffic.com'. If you click on 'Aoka Mizu', and then on 'past track', you can see her movements over the last couple of days. Zoom in on it. I advise you open the site twice, and do the same thing for the 'MV Vera', a long-line fishing trawler.

I will not speculate on 'potential oucomes'. But I suspect there's a p***ed-off Scottish fisherman (not a good beast to tangle with!) who'd like to see an RNS, as well.

Biffa,

"adoubleuk, you are just spreading unsubstantiated panic "

No, I am not. The FPSO is now happily sailing to shelter, there's nowt to worry about, all is OK. Also, please refer to my entry in Reverandy's FoiL sweepstake: mine is towards the bottom of the list.

However I consider (from information freely available in the public domain) that there has been a 'deviation from plan', quite possibly resulting from a technical hitch, and also at one point resulting in a reportable 'near-miss incident'. And thus like some other posters (hopefully shareholders) support the idea of an RNS update. Such an RNS wouldn't have to explain the last two days, simply telling us that the boat is in shelter waiting on weather would be OK. But equally, maybe refuting at the same time the EnergyVoice article which said that WoW would be off Lerwick.

We don't need to know what the First Mate had for breakfast. But some 'situational facts' would be good.

SIPP,

"Rather than bob around with big waves, untethered, head for the calm protected waters of the Firth of Cromarty."

Yes, sure, if that is the case. But 'bob around' is what happened all yesterday afternoon. And the time it took for a decision to be taken seems unprofessional, and quite frankly shocking in maritime terms if you were watching the AIS between 16:00 and 17:15.

And before anyone jumps on me for making such a comment, no, I do not hold a Captain's ticket. I'm just a roughneck with a computer who's spent a lot of time at sea. But anyone with an IQ greater than their hat size could see what almost happened.

" you have no right to demand to be kept so closely in touch with information that is most likely commercially-sensitive"

Nigwit is a blithering idiot. This is precisely what the RNS service is about. Keeping shareholders aware of any price-sensitive news. NOT just the good news to ramp the SP. Yes, shareholders do have the right to be kept informed.

johnpwh,

"I do think Dr Trice has made the wrong decision here and should consider all the investors in this company, not the chosen few."

I disagree. The unscheduled stopover in Spain was RNS'd. The time spent in Rotterdam was not a 'delay', despite the way some people might have interpreted it. A timespan had not been published. So so far, so good. No blame on Dr T.

But now, there's very obviously been some sort of cock-up. It doesn't relate to the wells, nor the reservoir, nor anything like that. But it might (I don't know) impact costs, or FoiL timings. And (as I posted earlier) this is wide-open for the world to see. Cut Dr T some slack. Whatever the problem is, it's not geological, and RNS's aren't issued over the weekend. But some sort of explanation would be polite, at least, at the start of next week.

"As always, patience." (Quoth Wessexmario)

Of course, because really we have no choice, do we?

Also, whatever has been the 'issue' (how I hate that euphamistic word except when applied to newspaper publishing) over the last 48 hours, it's Bluewater's problem, not Hurricane's. Except in terms of PR. Because yesterday's show looked like amateur hour on a slow Tuesday afternoon.

The point being this. A couple of years ago, during a presentation he was giving in London, the CFO made reference to 'lunatic shipwatchers', which raised a laugh from the audience, but also gave some 'lunatic shipwatchers' (I'm one of them) a warm feeling because at last our presence had been acknowleged, albeit in disparaging terms. But the thing is, I'm personally just a little PI whose investment is probably worth less than what it costs to run the FPSO for a day, and if I can voluntarily be watching what my money's doing out on the high seas, I'm certain the people who assisted in a half-billion fundraise will certainly be paying some poor bloke to sit at a desk and do so, as well.

Yesterday's antics by Bluewater were simply a Bad Show. Someone was asleep at the wheel. Drifting around the 'oggin like a drunk driver on the motorway talking on his mobile phone isn't good enough. Nor is having HM Admiralty issue a maritime warning that the FPSO was 'installed' at least four hours before the boat was even over the buoy location. Because all this stuff is Public Domain knowledge, for those taking the slightest bit of interest. And personally, I do take an interest in what my money's doing.

Someone deserves a rocket up their arse, preferably one of those made by the bloke with the bad haircut in North Korea. What I saw yesterday on the AIS didn't make worried as such, but instead somewhat cross, and around five pm wide-eyed in disbelief. Except it happened. Hurricane would be doing themselves a favour by issuing an RNS to reassure people that they have some control over Operations at present, and maybe Bluewater should consider giving the boat's skipper a spot of leave, 'cos he obviously needs it.

Sunday's chopper flight has been cancelled. No surprise there.

Rangers1,

". Do any phrases give any cause for concern or was the paint too thick?!"

Nope. Though never asked about the paint, and I don't think barnacles have been involved, neither!

It's just simply that 'summat's happened', which seems odd. And let's face it, everyone knows about it. This isn't like those idiots over on UKOG watching tankers going in and out and mistaking a BOP for a pump.

And no doubt you've kept up with the 'shipwatch' yesterday afternoon...

Plus Admiralty has said the FPSO's 'installed'. But it isn't.

This one deserves an 'operational' RNS, just for information's sake. Personally, however it reads, it won't change anything. But shareholders ought to be informed about such stuff sometimes, even if HM Admiralty isn't, and issued their information before the boat was even close to station!

Slipanchor,

"Gales forecasted for Monday so AM probably making the right decision to run for shelter."

Nope. Sorry if this sounds like I'm being a purveyor of bad news, but that doesn't work. Because the boat's going to have to put up with lots of bad gales once properly on station and producing, over a matter of years.

Furthermore, I'm now in doubt over this idea of 'testing a delatch' idea, rather the equivalent of a Riser/BOP ESD on a semisub drilling rig, because surely this could be done with the buoy hoisting winch still attached? Pure guesswork here, of course.

No, I'm with our correspondent SonoftheBull here, that there's been some sort of technical 'issue' (much as I hate that term).

What's horrible about it is that it doesn't alter the fact that we're invested in a huge oilfield! The bl***y boat's just part of the system to get the oily stuff out of the ground and into a refinery, and then to the pumps, or making biros, or whatver!

I wish someone would invent hibernation pills....

themarl,

"maybe an operational update is in order"

I agree with you on this. Personally, I don't mind the general reluctance of the company to give out RNS's giving irrelevant information, unlike other AIM-listed oil companies who tell us each time the Toolpusher on the rig has changed his underpants.

In fact I like the 'quietness'.

However, this ain't exactly your normal little AIM-listed company, there's a lot of money riding on Operations, and whether they like it or not, the 'shipwatchers' are now multitudinous, and no doubt not just on piffling little BB's like this.

Whatever the happenings over the last 24 hours over Lancaster were all about, I personally reckon they could be 'price-sensitive' in the upcoming week, and thus deserve an explanatory RNS. For no other reason than that radio stations and newspapers have said the FPSO's 'installed', but more pertinantly the Admiralty, when self-evidently she isn't.

There may be quite good reasons for what's happened, like as some have suggested here, 'testing an unlatch', and then the weather not being OK to relatch again. Which doesn't explain the very strange happenings the 'shipwatchers' were observing (some of them!) all day.

Sorry if it spoils your weekend, Dr T & Co., but now it's time to spill a few beans just to keep us happy and ressured!

dspp,

"I have no opinion on what is going on right now."

Me neither, except seeing the boat heading S-E according to AIS.

"Also I suspect that they have resolved whoever was leaking information in a way that ought not to have been happening."

Oh bl***y hell! Was someone leaking information? I must have missed it. Comes from not using twitter, facebook, and so on, I suppose.

No, belay that. Around four o' clock.

Definitely heading S-E and away from location.

This has been an effin' long day's shipwatching, with some strange occurences. There's obviously nothing wrong with the main thrusters, though, even though whoever was on watch around five o'clock deserves to be shot.

I'm just waiting 3 hours or so to see what the AIS track is then...