Member Info for adoubleuk

I've just noticed something.

Just returned home in the early hours as is my wont, as regulars here know. (Btw, add one hour to my posts' timestamps as writing from France.)

The last time I looked at this BB was around 19:50 UK time. And I see there have been no posts logged between 21:33 yesterday and my own at 02:32 today. Which strikes me as highly unusual. Did somebody start some terribly controversial thread which has been deleted by the moderators? If so, what have I missed? Or has everyone just been enjoying a particularly good Saturday Night and not thinking about their investments for a change?

SiPP,

Further to JoeSoap's reply (my thanks to him as well.)

The existance of this further little 'offshoot company' (personally I was unaware of it as well), serves as a reminder of the way that Hurricane has 'compartmentalised' itself with the formation of these subsets, like HGLA, HGWA, etcetera, each with 'ownership' of particular assets.

This, I believe, adds weight to the argument (a fairly recent topic of discussion) that once the EPS has been running for a while and negatiations start with Majors about partnership or sale, it is far from a necessity nor a given that a complete takeover of the company will be on the cards. Hurricane Energy as a Plc can easily divest itself of assets by selling the companies which 'manage' those assets, without giving away the entire farm.

We only became aware of the existence of these subset companies by looking at some well-overlooked small print, and personally I'm surprised nobody asked a question about them at an AGM. ( And that's quite possibly a question that the likes of Malcy have been told NOT to ask!) But the fact that they DO exist shouldn't be forgotten.

"As to how long the commissioing will take from that point to achieve FOIL, I'll leave to the much more knowledgable oil people on here!"

I haven't any idea how long commissioning will take.

But as to the part of JP's question about 'shipwatching indications' of FoiL, there IS an answer. Or partially. In that I don't personally see how we'll get any ideas from things like AIS and things like that. But coincidental with FoiL will be the appearance of a flame at the flare-stack. (And to tie this to another recent topic, I firmly believe that gas will be flared initially before any of it is routed to the GT generators.) The flare will be visible from all surrounding fields, from some boats, and from helicopters. And there are some 'spies' dotted here and there who occasionally post on this BB, who may let us know that there's a flare before the company issues a FoiL RNS. Maybe.

cadger, RBC,

Thanks. My scepticism about the Kilburn having anything to do with us increases!

One entertaining thing...

Going onto Google to idly see if one can find further details about this tanker which may or may not have something to do with recommissioning the AM, one finds links redirecting one back to this BB!

Talk about chasing one's own tail.

yuyus,

"Think it might be there for commissioning and testing gas side then fuelling it "

It's an interesting discussion, but one where it would certainly be good if someone with firsthand knowledge of such commissioning work could join in. But of one thing I'm absolutely certain: that being the 'gas side' will not be initially pressure-tested using LNG! An inert gas will be used for that, in the same way that water will be used for testing fluid lines, not crude oil. The whole point of pressure-testing is to find if there are any leaks, and you simply don't use potentially explosive or combustible fluids and gasses for that.

So there remains the possibility that the GT's may be run once initial pressure-testing and certification of all the pipework and associated gubbins is finished, but it still sounds like an odd sort of idea. Because that's what the commisioning phase is all meant for once the boat's in the field and one of the wells has been cranked open. Meanwhile the onboard electricity generation can be done using good old fuel oil.

Hence my scepticism that the presence of an LNG tanker at DDW has anything to do with the FPSO.

yuyus,

"Exceptional post by steve73 on advfn B.B. re lng tanker "

I've just looked at it.

For those that haven't, Steve posits that the tanker may be there to provide gas to test-run the gas turbine generators on the AM. Which I must admit seems a very interesting and not impossible idea.

Is there anyone on this BB with experience of commissioning GT's and who'd like to comment on this? Because somehow the idea of getting in a marine LNG tanker just to run a couple of turbines sounds a bit like overkill to me, and very expensive. But of course I might be wrong.

pijoe,

"Looks to me like a few BBM’s for the dogger bb have found a place of informed opinion on oily shares."

Looks to me more like one or two people kicked at their mound and they've come over here for payback...

The fact remains that Hurricane uses far bigger rigs than UKOG and our tankers will be taking onboard a thousand times greater volume than theirs.

And that's what counts.

Next patient, please...

A is for Apple, and Oh for Folk's sake!

"You're welcome wizard125 I respect Ricfles views. He's very well researched and you'd do a lot worse than listen to his suggestion all is not what it seems at UKOG."

Will someone start talking about Brexit again, please? That way I simply won't have to look at this BB for the weekend. I thought this place was about HUR, not UKOG.

PS I reckon someone took the AIS beacon downtown to an illicit off-licence to stock up on crates of Laphroag. And now they've got the DT's.

Ifonly1,

Yes, I expect the SP to rise, significantly. Otherwise I'd have sold my holding. Don't ask me when the 'significantly' will occur though, please.

By the way, there's a crusty old barnacle who posts here. You may have seen him recently spouting off on the UKOG BB. I haven't a clue why, because he's not invested in that company. ( Nor am I.) I don't know why he posts there, for that reason. Nor here, come to that, because he led us to believe he sold out ages ago at the wrong price.

I suspect he eats out of aluminium sucepans because he keeps asking the same questions and then either can't remember the answers, or goes off on some totally unrelated track. He believes he's an expert in everything and everyone else hasn't a clue, so just humour him is the best idea...

yuyus,

"Very very much doubt they’d use lpg as a testing medium either"

Correct. Fluid lines maybe tested with water, gas lines tested with HP nitrogen, most likely. I don't see that having an LPG tanker at DDW is strange, nor has anything in perticular to do with 'our' work.

Genghis,

I found the lnk you posted interesting, and have done a bit more further research. The thing being, although the tanker attacks got some brief coverage in the FT, there was seemingly nary a mention on more widestream media. Or so I thought: because a google search showed that there have been lots of mentions! But nevertheless nothing to suggest that Bab el Mandeb is going to be the next focus of shooting-match interest for the Fool on the Hill, unlike what pijoe recently posted. Or at least, that's my opinion.

I was interested to read some posters' old remeniscences of Yemen way back when. I did a few stints there in the late nineties (for Hunt Oil) and it was 'interesting'. But now another on the list of places I'll never go to again. There's risk, and there is risk.

On thing I found on the net was this:

https://gcaptain.com/explainer-what-is-the-bab-el-mandeb-strait-and-why-is-it-important/

...which is good for background and of general interest, also putting the latest happenings there into a certain perspective.

Ricfle,

"Who yanked your chain you grumpy old so and so?"

You did, as usual.

And it takes one to know one.

And who are you calling 'old'?

Anyway I'm not feeling grumpy today because I've just booked a hotel in Marrakesh for a week in September, just 500 yards walk from the casino. So got something to look forward to that'll keep my mind off Hurricane shipwatching for a change.

Ricfle,

"You would have thought, why not place the manifold and tie it into the xmas trees while the moorings are being installed"

No, it's you who thinks these wayward thoughts and poses them as questions! As though Hurricane somehow didn't know what they were doing and you've got a better idea.

Regarding the Normand Vision's movements and Surf installation obviously to commence slightly later than the alert on Kingfisher implied, there's another element that's just crossed my mind.

That alert said that SURF would be put in place by two vessels, Normand Vision and Deep Explorer. It strikes me as possible that some of the operations will involve both vessels working together in parallel, in the same way that we've seen the Installer working on the moorings with the assistance of two PSV's in support. So far the Deep Explorer has continued her work (whatever it is) on Shell's Fram field, and so the opportunity has been slotted in for the Vision to do her quick job for Orlando, before both boats can head together to Lancaster.

This, by the way, is simply supposition and opinion: a fleeting idea: I don't present it as fact.

One way or another, I feel sure that TechnipFMC's logistics dept has got perfectly good control over things. Given that it's (a) their equipment to be installed, and (b) their boats doing the work.

Ricfle,

"could you as an "oil field professional" highlight the differences, for this board, between 2d and 3d seismic?"

Yes I could, but I'm not going to. That's what things like Google are for.

For a very simple and brief explanation, here's an example...

https://www.quora.com/How-is-a-2D-seismic-survey-different-from-a-3D-seismic-survey

Simon_Said,

"All this means that, as requests for offshore drilling go, this is extremely mild."

Yes, I quite agree with you, and what you say generally in your post.

My own post was not meant to be a 'deramp', nor anything like that. Just a slight note of caution based on certain research I've done into the 'background' of the Colter story. As an oilfield professional it was Colter which first attracted my attention to RBD, and of course I hope that the required regulatory permits are approved with no fuss, as I belive that the prospects of success are good.

I find it interesting that UOG 's SP has dipped a bit today (UOG also has a stake in Corallian) following a largely similar RNS, whereas RBD's has not (happily!). However it must be remembered that both companies have further irons in the fire and that Colter is just one part of their respective portfolios, so should not necessarily be thought of as a be-all or end-all.

Ricfle,

You say:

"Reabold have not farmed-in, they have purchased either shares in, or the operator and are on the BoD. "

Today's RNS states:

"The Company announces that it has agreed to an amendment of the Farmout Agreement with Corallian Energy Limited ("Corallian") under which it will now earn an 8% working interest in UK Continental Shelf Licence P1918, which contains the Colter Prospect."

I was merely using the company's own terminology.

Furthermore, you say:

"The risk you imply simply does not exist."

The risk I implied regarding the Operator (Corallian) 'taking the money and running' is, I admit, extremely unlikely, though I wouldn't consider it non -existant. However, the RNS also says

"Subject to final regulatory approvals, the Wick well will drill in September, with the Colter well following in Q4 this year."

I would submit that there is a measurable risk of final regulatory approval not being granted, particularly in respect to Colter, due to certain public objections to the project in regard to its geographical location and proximity to the Dorset coast. Ill-informed public objections and typical nimby stuff, but there, nevertheless. This is 21st century Britain, and such nonsenses can have negative effects on hydrocarbon exploration, as we've seen most prominently in respect to various shale-oil operators' activities being disrupted. I'd contend that this sort of stuff is part and parcel of the risks inherent in investing in O&G, though. Pretending such risks are not present is imho unwise, however..

Extrader,

"At the risk of starting another round of intemperate posts, do slots ever get juggled in the way I query ?"

I appreciate your question was aimed at Ricfle, and I will no doubt incur his ire for answering on his behalf, but from personal experience, yes, I've seen 'drilling slots' juggled around. Rig contract's aren't engraved in stone, things can be altered according to changing circumstances. We only have to look back at Repsol's Shaw fiasco and the way the rig was 'diverted' as proof. And given Zennor and Hurricane's common denominator (ie Kerogen) things could be very flexible indeed, I think.

But who cares? Personally I'm very happy to see that Zennor has got the slots in the dead of winter and that Hurricane then follows-on, in the approach to the springtime weather-window. Less risk of downtime.

Yuyus,

"We’ve yet to turn a drill bit in anger and the proof of the pudding is in the ,,,"

Oh cripes! I just get in here and find myself nit-picking with you!

(But having seen any number of downright stupid posts here today at least I know I'm dealing with someone sensible.)

Wrt the above-quoted phrase. Especially the word 'we'. It must not be forgotten that it's not Reabold drilling the wells to which they've farmed-in. They're not the 'Operator'. And we only so far have it on hearsay that the Operators won't just take the money and run. The sums involved are a million here, a million there. Which isn't terribly much, especially on the bigger-buck projects RBD has signed into.

For that reason I personally consider this to be a high-potential but high-risk investment, and for that reason my own stake is not one I can't afford to lose. Come into it eyes fairly wide open.

But I like risk!

Reabold's business plan seems good, but even if they've got some say-so on various BoD's now, it doesn't constitute a veto. So for that reason I feel that the best thing to do is look for news regarding the companies invested in by RBD's Board, instead of waiting for RNS's here.

PS This is NOT a 'deramp'. Just looking at it coldly. Because I can't complain: already looking 'blue' and I only bought in yesterday!

Personally I'd like to thank Homebrewruss for his contribution, because although I usually try to catch the Fleet Report for the latest Hurricane-related update, I'd omitted to do so. And his post means there's another 'shipwatcher' in our midst.

The fact that the options are now showing as March rather than January comes as no surprise. A possible knock-on effect from the Repsol delay. And maybe the rig will get taken into Invergorden for some TLC as well during the winter. It remains a weak link to my mind. But of course you can't grab a Spitsbergen every day of the week.

As for laughable and impolite comments about '******* on chips' I've noticed here on my phone while doing more sensible things like having a beer on a café terrace in the sunshine, I'd rather people didn't **** on my chips. That would probably make them sticky and hard to 'riffle', and maybe cause a nasty stain on the baize.