Member Info for adoubleuk

Ricfle,

You addressed this as a quote to SiPP in response to him:

""I do have a question for you, though. Why is someone so obviously clued-up and 'involved' with Hurricane shares as a PI asking other people to do your research for you?"

Unfortunately, it's a quote from one of MY posts, not SiPP's! Is the crossfire (not just here but recently on other BB's) beginning to confuse you?

Good.

Ricfle,

"I doubt that you can remember what you posted yesterday."

Huh? Did I post yesterday? That's strange. I could have sworn I was away hunting polar-bears yesterday and out of internet signal range.

"Could you please reference stated interviews please, I have no knowledge or recollection of such a statement or statements (since you used a plural). Thanks."

Seconded.

Of course it's possible that SiPP and myself (and maybe others) have been eating from too many aluminium saucepans and our memories are shot as a result. But if that's the case it would be very charitable on your part to help we similarly- impaired people in our plight.

Biffa,

"I think it's only the guys on here that have their hopes up for late 2018. I include myself in this group (26th November FWIW)."

I won't get dragged into duscussion about 'when FoiL?'. My own sweepstake submission was 31st March, but of course I VERY MUCH HOPE it's earlier. That would be great! For everyone. (Other than the Mendip Cave Rescue, of course, who would otherwise recieve lots of surprise contributions if it fell on that date.)

However the issue has a direct bearing on what I personally considered an interesting topic started a couple of weeks ago by 'SDX' concerning possible SP movements during the run-up to FoiL, achievement thereof, and during the few months following. Strangely that topic didn't seem to generate too much discussion, and was sidetracked towards other things, some quite irrelevent. But here's the thing. Another quite hypothetical 'question'. What are these BB's going to look like if FoiL starts looking like it WON'T happen in 2018, but more sometime in H1 2019, per company target? Will the 'early FoiL' proponents start spreading doom and gloom, talking about delays?

And as a follow-up, what might happen to the SP as a result? Some people contend that with a share in a company with an Mcap such as Hurricane's can't be affected by PI sentiment nor their actions. But I no longer believe that, when you add the spread-bettors (or more pertinently the companies running the scam) to the mix.

Ricfle,

"Could someone post a link to the submitted environmental statement, as there are a couple of things I would like to look at?"

I guess you'll have noticed that the link to the ES has been removed from the company website. At the time it was published the company said that anyone interested could obtain a hardcopy print of the ES upon request. Personally I availed myself of this offer, and was sent the thing, printed in full colour at high resolution. Spiral -bound, it's a hefty thing of a few hundred pages. I noted that the postage to France had cost Hurricane fifteen quid.

Just now, just to do you a favour (I haven't a clue why), I had a quick (nb quick) look on google to see if there was a link easily found to the pdf. It could be useful for some newcomers here. But no luck.

I suspect that if you trawl back through RNS's around the time or maybe assorted BB's, you may find a link, but equally suspect that clicking on it will just result in a message that the target is no longer available. So in other words you may have 'missed the boat'.

I do have a question for you, though. Why is someone so obviously clued-up and 'involved' with Hurricane shares as a PI asking other people to do your research for you?

Though come to think of that, you'll probably respond with a question of your own, avoiding the issue. So in fact, forget I asked that question. Don't bother replying. Though I have no doubt you will.

nomlungu,

"Team 2 need to take over before the stooges are discovered. Team 1's objective was to game the chat count to over 100 today and they are halfway there."

Please don't consider me to be to be a member of either 'team'. Just invested in RBD and a contributor here. But you are obviously thinking along exactly the same lines as myself, of late!

Interesting, isn't it?

Curiouser and curiouser...

Hmm yes.

Not sure I've ever seen 'Dorset Salmon' on a restaurant menu.

Though let's not be hasty. Remember BP's environmental protection documents which came to light after Macondo in regard to walrusses? Some more charitable people came up with the theory that maybe BP were just covering their ass. Saying that just in case some walrusses decided to move house to the Gulf of Mexico, BP would do their best to look after their welfare. But it did look a bit silly, nevertheless.

So using the same sort of thinking, why doesn't Corallian make a quick addition to their environmental statement saying that they'll change their drilling location if it's found that it might disturb the salmon?

Me, I'm going on a google search to see if I can find a phot of someone fly-fishing off Bournmouth beach. I suspect I won't have much luck, though.

Oh, and I'll trawl back to see if there have been any sits vac advertisements for ghillies in the local press recently.

Ricfle,

"Said by the man, who had done so much research on this share before buying in, he thought that RBD farmed in to all their assets."

Just don't let up, do you?

I'll be honest (though you probably wont't believe that) but it was a genuine mistake. Because at the time I also held UOG who HAVE farmed-in to Colter (though not Wick). It was easy to get confused between the two (UOG & RBD) when banging off a quick BB post. You're lucky I didn't start talking about Jamaica here and Romania over on UOG.

Listen, I have an idea. Why don't we call a couple of weeks' truce? Firstly because despite my brass neck, I get a painful feeling in it whenever you come online, and secondly this SP seems to be taking a summer break itself, so banter like this just seems rather pointless.

I appreciate that you like crusading for underdogs, but that persimmon guy wasn't worth it. He wouldn't know an appraisal well from a hole in the roof.

Wellwell,

" You owe that guy an apology in my opinion."

Balls.

Wellwell,

"My post was in relation to your post that missed the point originally. Then you had to make your point and call the original poster out unfairly. Pointless."

Etc, etc...

Chrishutch has posted lots of links to this company. There's also lots of other background research material available on the web regarding the companies and their projects that RBD have invested in.

If you haven't yet decided to whether buy shares in RBD, don't you think it might be better studying such material and trying to come to some sort of decision in that respect, instead of wasting your own time and ours clogging up this BB?

If you won't read other (invested) contributors' posts properly, why on earth should they bother to read yours? Especially as you've suddenly waded in here coming to the defense of someone who has been spotted by many others here (rightly, in my opinion) as being an uninformed deramper?

I'd remind you that 'deramping' is just as much against LSE posting guidelines as 'ramping'.

Just a suggestion...

A few days ago I said that it seemed 99% sure that the second SURF installation vessel was 99% sure to be different from the one we were expecting. It seems that the Hells Angels (one percenters) have tripped me up. The boat we were watching has gone off to Enquest. So I was wrong.

No doubt Ricfle will be glad to learn of this.

Wellwell,

"Are you sure? Are you forgetting that these companies are not able to simply appraise, analyse then drill a well in a few months as you seem to suggest? They'll need to analyse the data which done properly takes time.... etc"

Yes I am sure. I am also sure that you didn't take the time to read my post properly. I have personally worked on wells classified as 'appraisal' where immediately after testing we ran a permanent completion string and the well was tied back for production. Using the drilling rig. A couple of Shell's Toucan field in Gabon immediately spring to mind.

There are essentially three well 'classifications'. Exploration, Appraisal, and Development. The first is to find out if a new field containing hydrocarbons actually does. The second is to evaluate the nature of the reservoir, through extensive logging and possibly testing. A development well is drilled specifically and only to produce from the field, and doesn't include any extensive investigatory logging program, and is completed for production as soon as it has been drilled. (Unless it 's found to have intersected a part of the field which is 'dry', in which case it may have to be plugged and abandoned or instead sidetracked (cf Texaco's early wells on Tartan, N.Sea).

I suggest you re-read my post.

Wulbert,

"The idea that we act impulsively and then invent a rationale as a cover story for ourselves. "

Applies in multiple facets of life, though, and not just 'investing'. Analyse poker players' 'bad beat' stories (as prevalent as stories about winning hands) and about 90% of them weren't 'bad' at all. Just that the loser played the hand badly.

Looking through a glass darkly (as distinct from clearly) is not helpful to 20/20 hindsight.

dspp,

I read your posts in depth. But am going to click the 'thumbs-up' 'recommend button for JoeSoap's reply to your post passing-on the Costain link.

It is quite simply out-of-date, and the illustration was nothing more than one conceptual model provided by Costain to Hurricane amongst many (read the brief text below the picture).

This bit of sales-literature for and by Costain has absolutely no relevence to what Hurricane is doing at present, and personally I treat it as fanciful, nothing more.

Besides, I personally first came upon it in mid 2016, and got the same impression then. Tha passage of time since has proved that impression correct. Maybe it could be revisited in ten years' time or so, but even then I doubt it. An FPSO coping with such throughput would have to be something like the Glen Lyon. But the GL is in Deepwater. Possibly couldn't last one winter over Rona Ridge.

It should also be noted that amongst Hurricane's main contractors, Costain's name doesn't figure on the list.

Wulbert,

"Might there be a book or article which explores the potential pitfalls and successful strategies in the mind of the investor?"

I'm rather surprised nobody here has mentioned this, or feel it's 'below themselves' to recommend a 'how to' book.

'The Naked Trader' by Robbie Evans. You'll find it on Amazon or in your local bookshop. OK, sure, you might not want to go into all-out 'trading' like the author, but his book contains some very important 'do's and dont's' which may seem obvious but one needs to imprint on one's brain.

One thing he underlines over and over, but which some people seem incapable of understanding, is where I feel a direct parallel between ' share investing' (which comes in multiple forms) and poker, my favorite card-game and one to which I devote a lot of time and energy. That being, rid yourself of the idea that you'll win every time and all the time. Sometimes you'll take some losses. The trick is to recognise them and minimise them; and also treat them with equanimity. Plus analyse them to try and figure out whether maybe you did something wrong or made a bad decision: then you might not make the same mistake again.

Olderandwiser,

" how do you justify the Wick involvement of RBD?"

I know it was addressed to Ricfle, but I'd like to answer as well, especially as it comes from someone like yourself. A bit uncharacteristic, if I may say so.

Firstly I think the word 'justify' is misplaced. So I'd prefer to read that as 'explain'.

Then it becomes simple.

RBD holds a significant equity stake In Corallian. Corallian is going to be drilling two offshore wells shortly. So therefore RBD is 'involved' as a shareholder. And as nothing more (nor less) than that.

I don't understand why people are getting their underwear in a twist about Wick, anyway. It looks like a promising little exploration prospect.

The only thing which slightly bothers me about Corallian is their UK ONshore licences. I hope it's a very long time indeed before they decide to do anything with them.

pijoe,

" ******* myself laughing..good spot that I expect further comment on!!!"

What, the bit about Ricfle exposing himself? 'Fraid the thought makes me shudder...

Typo

'So all that remains is for the well to be tied into production infrastructure and ope, logged, and the wing-valve.'

Replace with 'So all that remains is for the well to be tied into production infrastructure and the wing-valve opened'.

Sorry.

(Typos like that sometimes happen in messages like this. Check the timestamp. Add one hour for my local time. Some people here are used to this and know where I've been, and what I've been up to. (Big grin on my face right now!) It's simply that I saw the message on my phone, but waited 'til I was home before replying.)

persimmon,

"Regarding Parta the experienced OAG investors will know that the time between drilling an appraisal well and through to drilling a production well usually takes years."

That, sir, is utter piffle. Codswallop. Horse-pucky. Nonsense, in other words.

Some appraisal wells (and I've been involved with quite a few hands-on) are almost straight away re-completed as producers. In a number of instances this possibility will be added as a contingency in the design in the case of success, and recompletion performed by the same rig before it even moves off. So all that remains is for the well to be tied into production infrastructure and ope, logged, and the wing-valve.

Let's take just two (but opposing) examples in RBD's 'portfolio': Colter and Parta. Colter is an 'Appraisal' well. It will be drilled , logged, and the data appraised. It will NOT be production-tested. But even well before the data interpretation has properly started (other than in the 'rush' form to be able to tell us whether it's a duster or not, the rig will have plugged back and permanently abandoned it. There will be no physical evidence on the seabed that it ever existed. It will be a physical impossibility for it to ever produce some time in the future, because casing will have been pulled, most of the wellbore will be filled with cement, and so on. As an oilwell, it will no longer exist.

The Parta wells are also 'Appraisal'. However they will be flow-tested, which is a sort of short-term 'temporary production'. Their architecture will thus be such that they can physically withstand the dynamic (thermal and pressure) conditions of such testing. Also (unlike Colter), they're seemingly close to existing production infrastructure, ie pipelines. So although I don't know exactly what the well architecture is (gimme time! :-)) ), I'd be willing to bet that it incorporates the possibility of completion as a producer. Maybe admittedly using a workover rig mobilised after the drilling rig has moved on, to run a permanent production liner (though a liner will possibly be run prior to testing (don't know, ...yet) and a production completion. But that might only be weeks after the drilling.

There are some 'OAG people' here who know more about oilwells than just investing in a few shares. I have serious doubts that their number includes yourself, though.