Member Info for adoubleuk

Ricfle,

"Now I know you are involved, I am thinking of selling all my shares first thing Monday."

You buy and sell whatever shares you want, mate!

But here's the thing. (Btw, this ain't really so O/T after all, because it's AIM O&G stuff.)

You've mentioned a few people I know and respect here who hold RBD as well. Add Escargot to the list! And grudgingly I admit I hold you in a certain sort of respect, as well.

The thing being, one or two people on that list know via PM that I'll have a bit of cash to spare next week (an old poker debt!) and I'd asked their advice about doing a tiny 'topup' here (which would represent a huge 'average up') as a sort of separate 'trading balance' or not.

And I decided not to, because any profits would probably be eaten up by fees, and anyway, being in France, I can't 'trade quick' and take advantage of small movements.

But shoving something into RBD might be fun.

It's Yuyus who has made me think this. Because I think RBD may very well 'move' (and UOG, come to that) on rig-mobilisation news/ DECC permit stuff, and so on.

Plus Malcy's recently mentioned RBD, plus (and one doesn't need to live in the UK to know this), Colter is on many peoples' lips.

Plenty of newcomers say this HUR BB is the best-informed and most educational O&G one on LSE. Maybe time to spread our wings wider... (!)

yuyus,

"I’m thinking an Ensco Unit , two in Greatham Waters"

Interesting. Yes, definitely going to be Ensco. The two you can see are probably Ensco 70 & 71. Currently stacked but if they're being worked on...

AIS not showing for now, but no big surprise.

yuyus,

"Think the unit they are using is at Greatham Beck , just north of Seal Sands"

If it's the rig I'm suspecting it will be, she's now out in the Eckland field.

Ricfle,

You missed a few others off your list of RBD investors of whom you are aware.

It happens that I'm invested in a different company which nevertheless has interests in one project with which RBD is involved, but the rest of their portfolio is rather different. I won't name which company it is, just in case you appear with comments on their BB.

(Bother: inadvertently hit 'post' prematurely.)

...One phone call of the right kind and I'd be grabbing my boots and hardhat and leaping on a plane: and obviously my state of 'accountability' would change!

Wellwell,

"Don’t put that on your CV AK!"

Please note that the phrase I used to which you are alluding is written in the present tense. And presently I am not (to my great distress) managing a drilling wellsite. So the 'current situation' entry in my CV rather reflects what I wrote here! One phone ca

yuyus,

"o/t think RBD is about to blow"

OK, this isn't 'our' share. But care to say why you think that? And if you have a 'target' you think it may make? Been watching them for a long while.

Uh...ho... Someone's wound up Ricfle's clockwork and let him out for the weekend. But he's forgotten that I hold myself accountable to nothing and nobody.

Ricfle, wrt SURF installation, Dive Centre replied @ 15:56 (I was on the road at the time). Also other sources. Thumbs up for both of us, please. Also, on the subject, a little bird tells me that commencement is likely to be end of next week, not tomorrow.

I've held this stock (not a huge amount of shares) for a number of months now, haven't traded them yet (showing a paper loss at present) and intending to continue sitting tight for a while yet. When I bought in, it was principally because Colter attracted my attention, and I also took note of the Jamaican play. And of course the quality of the management team couldn't escape notice.

At the time I was also looking at RBD, who also have a stake in Colter, but the rest of their portfolio is different. And their SP has been moving differently to this one of late.

I'd be interested to see the views of others regarding their own decisions about buying in here, rather than RBD. Or whether there are some people who hold both. There's the old saying that comparisons are odious, but given that the two companies have certain common grounds I feel it might be justified if only as a topic of conversation.

Shedful,

" if WoA and GoM (Florida / Caribbean area) were of a similar nature and to a certain extent mirrored one another."

Yes, to a certain extent. In that WoA (particularly Bight of Biafra south of Nigeria) and GoM are both large fan/delta alluvial deposits. Also WoA down around Angola. Note the presence of huge rivers feeding into them: the Niger, the Congo, and the Missisippi.

The Caribbean isn't GoM, strictly speaking.

Muffit,

"What vessels are installing the SURF equipment?
Also how long is it estimated to install SURF equipment?"

Normand Vision and Deep Explorer.

Approximately six weeks.

Boyzee,

" Could ii.s be wary of DT being forced to go to full field development if offers not received?"

By DT I assume you mean RT?

What you state in your question seems very odd to me. Firstly, you presuppose a situation where offers do not appear to take Hurricane's fields on to FFD. Personally I can't think of any scenario where that might happen. Unless it were a catastrophic one where the EPS found that the fields couldn't be commercially produced longterm, but (again personally) I find that possibility unimaginable.

But what if someone did put LSD in the Majors' drinking water supply and they decided not to pile into FFD? How would that 'force' Hurricane to move to FFD by themselves? They wouldn't have to. The EPS can carry on chugging along, making enough money to finance a couple of new wells a year and keeping Hurricane's offices supplied with coffee and teabags, and they can wait until someone with deep pockets DOES come along. The oil's not going to go somewhere else.

Shedful,

"Serious question for you geology or oil finds are they similar West coast of Africa and Gulf of Mexico."

In a word, no. WoA and GoM are characterised as thick, deep, sedimentary fields. They're 'conventional' reservoirs., and also high-pressure. The reason they've come to the forefront in the past three or four decades is due to advances in technology regarding deepwater drilling.

Remember, I'm not a professional geologist. But am prepared to add this. Obviously, these deep reservoirs overlie some sort of 'basement'.however, it is unlikely to be fractured by tectonic uplift in the same way as we see WoS or similarly in East Asia, so doubtful to have evolved into oil reservoirs.

Going waaay out on a limb, I'd say it's possible that Fractured Basement reservoirs similar to WoS exist along the eastern seaboard of S.America, but that's pure personal opinion and may very easily be wrong.

Biffadog,

"Any TO (hostile or otherwise) needs 75% of all votes cast, so the reality of the situation is that without a "Yes" vote from Kerogen, nothing happens. The are in this for the long game, so I really don't think people on here need worry about HUR being taken out on the cheap. It's just not going to happen."

How come when you say this you get all those recommend 'thumbs ups', and when I say it, everyone jumps down my throat? It ain't fair. I think I'll go stand in a corner and sulk. :- [

Anyway, I dont think all the takeover talk here is people worrying. Instead it's rampish wishful thinking by those who dream of new Porches appearing overnight and who probably aren't even really invested here.

Ricfle,

"Taking your values for 2C $1.50-$3.00, a flowing Warwick would add about £1.08bn - £2.16bn or 45p - 90p a share to the value of Hurricane for about £70m drilling cost. No one in there right mind would sell before this well was drilled."

In this, rather unusually, I quite agree with you. Without doing any sums to pin down an exact dollar price. It's patently obvious that GWA is a very major asset but still requiring some 'proof'. A DST test on either Warwick or Lincoln would instantly add huge value.

My personal feeling is that a DST will be on Lincoln, benefitting from drilling regulations regarding appraisal wells and drilling fluid densities which can be disadvantageous on exploration wells to obtaining a decent DST (cf Halifax and others). With the first Warwick 'exploration' possibly being 'quick and dirty' like the 2016 Lincoln well. But that's just an opinion.

koolin_island,

"Next results will be very interesting. Chairman Dr Arnott recently left company over governance issues."

For 'recently', read ten months ago. And by the way, ADL's SP is 0.025p (down from 0.9p a year ago), and the mcap is £2 million. I've just checked.

And your point is?

Hecate,

Wellwell is correct when he says

"AK isn’t your man for Subsea by his own admission. There are some operators who favour ROV’s for everything and others that still to this day prefer sat divers. I can’t comment on what method HUR/TFMC are using. It’s unlikely anything will be ‘flogged’ up other than temporary pipe work. Bolt tensioning equipment is the norm these days."

And no, I'm not an 'expert' on subsea installation operations of this nature.

My initial feeling was that this would probably be ROV work, but I've just looked at the Deep Explorer's specs, and it's fitted with a very comprehensive 24-man (yes, 24 man!) diving spread. Which I have to admit surprised me no end, because my understanding that the major preference these days was for ROV's. An ROV can do simple things like bolt-torquing just as well as a diver, possibly quicker and cheaper, with the bottom line being if you lose an ROV for whatever reason it's just an expensive machine and can be easily replaced. Lose a diver and it costs a lot more once you've paid all the legal fees. That sounds callous and blunt, but it's the bottom-line thinking about that thing called 'safety', and not just in the oil industry.

Heck (an anecdote) I was on a job with a jackup a few years ago offshore Tunisia, and we were in just 35 foot water depth. No need for saturation diving at all. Seabed observation and spud can inspection could have been done by someone wearing scoobydoo, and they could have stayed down there for half a day if required. But no, we had an ROV!

So like Wellwell, although I'd suspect that most of the SURF installation will be done with ROV's, I wouldn't put money on it.

Genghis, I can't quote your post as I'm using my phone. But agree with you about Malcy's reply and body-language when talking about likely FoiL timing. And the one thing he DIDN'T mention was the official company guidence of 'sometime in H1' !

Jay_85,

"He couldn't really be any more positive could he?"

True, except for one thing which continues to irritate me.

He poses this 'will it work'? question as though it were a binary thing. Personally I refuse to believe that, and consider it to be a popular misconception which Malcy has no business to promulgate. If some people want to think there's a yes-or-no success/failure thing here, well more fools them. Let 'em put their money in a bank deposit account instead. But why spread the myth?

Sure, I'm personally quite ready to admit that (for instance) the initial EPS results might show the sweet spot for the two wells might be 14,000 bbl/day average production instead of 17. But there again, it might be 20. So who cares?