Member Info for adoubleuk

Ricfle,

""Ok, so what are the odds of UKOG achieving 10,000 bopd? This is the key question for me."

Answer, nil!

Rare for me to comment about another BB, another company which I'm not invested in. But given that two people have taken their spat on Udog over here and are now cluttering up this BB, I'd like to join you on this one.

Your answer is of course correct. But even if the question had been about 1000 bbl/ day, let alone 10,000, the same answer would probably apply.

Of course I sometimes look at that BB for sheer entertainment value...

While everyone's getting distracted engaging with trolls, the AM's off sea-trialling again! Currently doing 9 knots.

Selfish,

" the deal wouldn't be with Union Jack. It would be with Rathlin"

Yes, the documentation 'leaked' here seems to make that fairly clear. (Thanks to the people posting links.)

I've got a question, (because somebody has to play devil's advocate!). I'm wary about anything to do with onshore drilling in the UK, principally because it can become stalled or suffer overruns due to disruption by unwashed tree-huggers who wouldn't know a frac pump from a donkey-jack, or other nimbys. Do any contributors here live near to Humberside or have knowledge of the area? What's the 'climate' like there for acceptance of drilling? (I'm not talking about the weather!)

Looking quickly at what we've got to go by so far, it certainly appears to be a promising play, and Rathlin seems to fit the RBD business model. I think it would have to be a straight farm-in rather than an equity deal though, as neither Rathlin nor its parent company Connaught are publicly listed. However, nor is Corallian!

Interesting. Hope to see an RNS about all this soon. Assuming, that is, that the 'twitter-leaked' document isn't just some bit of malicious disinformation...

SG2,

" rpm and hull response is monitored in addition to shaft vibe, equality of torque output, prop thrust, SFC (specific fuel consumption) and a host of other things. Hull yaw stability is also quite important. I see the auld tub went around a full-rate starboard 360 degree at 7 kts average - bet she had a bit of adverse roll going there; plates-sliding-off-the-table job......" (etc.)

Good to see a bit of tech talk ongoing here. Makes a change from recent nonsense being spouted by a couple of imbeciles.

Thanks for the extra detail. You obviously know what you're talking about. I noticed those sharp turns, and figures it was an empirical test of stability: there's quite a bit of extra weight been added topsides, amongst other things. Vessel sea-trials are waaay out of my domain of expertise or knowledge, but I do remember seeing a video of a Type 45 on trials, and given the speeds involved (faster than 9kt!) it was impressive...

Despite my relative ignorance, I don't think 'shaft vibe' applies here, given that they're thrusters, not props. (?) But the general principles apply. The Wartsilla's will have had a full rebuild, one thruster is new, so they have to be run hard to make sure they hold together and a simple thrust-washer hasn't been left out during the procedure (cf the Concorde crash).

Funny you mentioned the crockery in the galley, because I did so as well! It's one of those things that instantly springs to mind. So it'll be a test of the galley-storage equipment at the same time...

:-)

Jay_85,

"Although the diesel gen sets will run at constant speed they don't run at constant load. "

Yes, I'm fully aware of that! Didn't want to get TOO technical, though! But let's face it, industrial /marine engines LIKE to be run under load! Don't know much about Wartsilla, but am old friends with the Cat 3516 which is used on countless drilling rigs. Start 'im up, let it warm at idle for about 15 minutes, then get it online. When they're working hard is when they're happiest...

And let's face it, what theyre doing now is propulsion. All the production train equipment won't be running at present, which will be the case WoS. There's probably lots of power to spare even when moving along at 'top speed'.

zouch,

"They will be thrashing the engines to see if any faults show up."

Nonsense. She's 'diesel electric'. The generators run at constant speed. And the faster an electric motor spins, the more it likes it (within limits, of course). There was a reference found on the net by myself and others (unfortunately I didn't note it down) made to 9 knots in regard to the first sailaway from Singapore, but there's no way to verify that. Except she seems to have made that speed today. It's possible that the 6 knots Slipanchor refers to was the average speed during that transit.

JP,

"jeez, when you check her 'past track' they have been seriously moving her around!"

Yup, entertaining, isn't it? Properly checking 'perfomance'! Of course, one significant bit of work done early in the refit was changing one of the thrusters, and those things will be working hard WoS, turret morring or no. About this time last year I was in comms with Hurricane (on a different, 'rig-ralated' issue), and one passing comment in the reply I received was how good it was they'd had the Spitsbergen 'with her powerful thrusters' for the midwinter drilling, despite the rig having been anchored. There's now way the AM once latched-up could drag anchors: those piles won't move. But in a storm the propulsion system will be in use just to help keep the FPSO on station while minimising stresses on the turret and associated equipment.

Looking at the 'past track' they more or less spun the boat around in her own length while underway. Maybe to check it didn't cause plates to go flying in the galley... (!)

john, you could ask who the oars are made by...

Mr Toad,

"in glorious technicolour!"

Yeah, liked watching that clip! Thanks for posting the link.

I remember working offshore Adriatic in the mid-eighties on a platform rig, and Agip planting the next the next platform in the 'series' about two miles away. And the noise of the hammer driving the jacket-piles in overwhelmed that of the racket of our own little place-of-work.

I could only think of one word to describe the technology we sometimes use. 'Baroque'. Overwhelming, in some ways, in terms of size, and so on. That word's stuck with me on seeing other stuff. An FPSO off Congo. The biggest frac-job ever done in Europe. And many other things. All nicely under control.

But as JayKay remarked, really nice to see Hurricane's using 'state of the art'.

Nigwit,

" My hunch is that they'll add back if they get enough headroom below 20% in their fund."

And this is something I don't understand.

If CA is selling, that presumably means someone's buying. Who that might be is already a good question, because the amount of shares involved doesn't look like retail PI stuff. So what gives the idea that CA might be able to buy back cheaper sometime? The current buyers might not want to sell in the near future. I think it's fair to assume that RB won't buy back at a loss.

thanks to Missdosh yet again. 'On the ball' as always! I'd also had an 'alert' that there was an RNS. But how come this LSE site isn't showing it?????

Nice to see Crystal Amber's holding decreasing, even if the constant selling acts as a sea-anchor on the SP.

Wellwell,

Wrt yr last post.

No disagreement with any of it. So maybe we can make some peace, now?

However I don't reckon on myself still being alive come 2025, so it's all a bit theoretical.

RFTS,

"Nevertheless I would be interested to understand from those experienced on this forum exactly what technical, commercial or other criteria (type of oil, rate of extraction, duration of) a third party would use to regard this great opportunity as "proven" , as we ourselves remain confident that it will be."

At last. A breath of fresh air. Someone asking sensible questions.

'Type of oil' is known. This applies to GLA from Halifax to Lancaster, though what of course remains unknown is whether they're 'connected' all the 35km down the ridge. I like to think they are! The same goes for GWA.

It's a 'light crude', equivalent to Brent. The top-dollar stuff, in other words. The stuff which places like KSA have to IMPORT on tankers which then leave their offloading facilities laden with the crud they export. People tend to forget this! Except the crud is what makes biros, all sorts of plastics, our computer-cases, keeps people in Michegan warm in winter, and so on. Doesn't fuel Ferraris, though.

'Rate of extraction' remains an unknown for the present, regarding the Lancaster EPS. Because in some ways, the EPS with its mere 37million bbl is just 'playtime'. This is something which absolutely delighted me in Dr T'slrecent interview. He mentioned the 'experimental' nature of the thing, and the wells 'talking to each other'. This is language which 95% of people won't comprehend, or might consider puerile. But it isn't.

This is where a major investor here got things wrong. It's not a train set. These are big boys' toys.

So for 'extraction rates', I'd suggest just looking at the company's predicted figures in assorted presentations. Likewise regarding 'duration'. I trust them, so there's utterly no reason for me to reiterate them here.

If you don't agree with those figures, or distrust them, just sell your shares and get out. It's as easy as that.

wessex,

"both linguistically and engineering-wise it only makes sense for RT to be referring to mid-decade, not mid-year."

Post of the day!

johnniefp,

"I read Steve Marriott's biography recently, a good read if you're into the era."

I've already got a copy in my bookshelves!

IJWT,

"Biffa
We didn't know as at that point the 2nd FPSO in the mid-20's was not mooted."

Etc., etc., etc.....

I won't argue with the figures in the rest of your post, because they're based on things which are based on right now.

And of course 'right now' has this horrible habit of changing into something else.

But I would urge you to take the time to watch that recent Edison 'interview' with RT, and more than once. Or rather, watch, but listen closely. And click back to listen again when required.

The CEO is providing more information than has been divulged for months.

Take close note of dates and timelines, as well. I'm personally hoping to see our FPSO in Rotterdam late this year, but doubt I'll see the second one for the GWA. It's a long drive!

SXX,

"That sounds much like when Dr T responded to Malcy with "I couldn't possibly say" and mentioned other opportunities towards Ireland.....they *may* have other tricks up their sleeve."

That's what I love about this company! Magicians! Drill the programmed 'Seven Wells', but then go off and drill Lincoln, acquire further leases all the way up Rona, drill Halifax (a success despite the failed DST), and so on. The recent deal with Spirit.

Plus no smoke and mirrors.

Not 'married to this share', but sure in love with it.

Wellwell,

"AK if BP were ever to drill Clair into the basement (which may have been mooted here before) and find something..." (etc.)

They already have. Don't take my word for it (I'm just another anonymous BB poster, remember?), go check some facts.

By the way, and on which subject, while wandering about town this evening, getting my supper, chatting with a few friends, and so on, I couldn't help thinking that my earlier post might have been a bit misleading. The way I'd mentioned Clair Ridge, Rona Ridge and the Westray Fault in the same phrase. Because that might lead people unfamiliar with the geological side of things astray, or at least confused.

However, the subsequent sedimentation north and south of Westray is vastly dissimilar. BP (with Clair) is north, Hurricane (with GLA and GWA) is south. But structurally (preceding both faulting and far more recent sedimentation) the 'uplift' is waaaay different regarding what we're calling the 'fractured basement' which Dr T acquired.

Which amounted to a stroke of genius, in my own very humble opinion.

While back to such tech discussions, the BB becoming more serious again, the above thoughts (or line of thinking) lead on to another, which might provoke some interesting discussion.

Almost two years ago now, HUR applied for and received the lease for the 'blocks' leading up to what we know as Halifax. This licencing being done 'out of round' by the OGA, and in very short order, and personally (despite research) can't see a precedent of a similar nature. So how come that happened, and why?

I reckon I know the 'Hurricane Story' by now. But I'm equally aware that there's a whole bunch more that I don't know, and those that do aren't telling!

johnniefp

" Am I showing my age by spotting your hidden music references?"

Possibly. Though I've heard it said that one's only as old as one feels. Which makes me about 4267 years old at present. Or thereabouts.

I hope the LSE moderators and others here will forgive some completely off-topic, but have you seen this?

https://www.youtube.com/watch?v=S6mpuMwLnak

Something I only came across last night. Turn off the telly and watch it instead. Beautifully made, about a genuinely nice bloke.

Wellwell,

" The others have deep enough pockets but when it comes to BP I’m less confident than I’ve been previously that they are the most likely suitor by the simple fact they are potentially sitting on Fractured Basement themselves."

What an interesting postulation. Thet because BP have got some, they wouldn't want more?

Hmmm...

Your post is factually true, though. Clair and Clair Ridge (and their other plays now known as Clair Ridge South) are sitting on FB. But they're north of Westray, and the upthrust there wasn't the same as down on Rona. Check the seismic. Dr T picked his licence blocks carefully...

I'm not a 'financial' person. Just a mere oilfield bloke. But I can see a lot of BP investors turning to Hurricane soon.