Member Info for adoubleuk

Boyzee, " Does anyone here have experience of fractured basements ...I dont think so. " Yes.2003, Nafoora West, Libya (check it out on the world map in the company presentations). Thing being, the entire reservoir is highly fractured, so when we hit the granite we didn't drill much deeper. But it was a source of great interest to the geologists: oil where oil shouldn't be! I visited the core-lab while they were investigating this mystery. It was the most spectacular DST I've ever been involved with and by mutual agreement between myself, the Test Supervisor, the company's head of petrophysics (present onsite), and base office, we never opened it up to 'full choke' because eveything (including the ground) was shaking...

Glad to see the anticipated RNS today. plus that it exactly confirms the reason for its delay as being that posted here by one or two informants from the Granite City, thereby proving their credentials (they know who they are!). The theory that the rig wasn't actually on dayrate (and thus price-sensitive) until work was complete on the BOP sounds like it was correct.

sssv, " ID and riser length does vary so does the color depending on floatation and well head depths, you must get be showing your age as normally it has choke and kill as well as booster line and rigid conduits" Yes, you're quite right, particularly about the 'showing my age' bit! Decades since I've worked on a floater, and back then they only had two mudpumps, so no booster line. And also wasn't 'deepwater', so riser had no 'floatation joints' (they're usually painted orange, aren't they?) so never actually seen one. But no excuse, really. I never counted the hours (including all-nighters) I spent in 2010 watching live ROV feed of the various attempts (including the successful one) cutting the DWH's riser, and yes there was more than the choke & kill there. (Though after the first try with the 'jaws' another operation had to be done to get rid of them to ensure a clean 'bite' at the riser itself.) Just reminded myself by looking at youtube. A good 'clip' here, for anyone interested. https://www.youtube.com/watch?v=V8kUs3RuxZA

" riser, which is 19 3/4 joints of pipe" sssv, You've probably got 80% of the people on this BB 'lost' with that description! The '19-3/4' refers (in inches) to the internal diameter of said pipe, which has an actual wall-thickness of an inch or high-grade steel. (Painted white, if anyone wants to know.) It's flanked by two 2" ID high-pressure pipes known as the 'choke' and 'kill' lines, respectively. Oh, and a 'joint' doesn't relate to a left-handed cigarette, what it means is an individual 'length' of this pipe-stuff, usually 45 feet long. Joined together by.......... Oh no, it's just getting too complicated already to explain here!

Ricfle, By the way, "The post I referred to was last Thursday, not a "few hours ago". To me, last Thursday IS 'a few hours ago'. Everything is relative.

Ricfle, " Try finding the post in which I "reprimanded you", you delusional halfwit." I've got better ways to waste my time than going looking for stuff posted on this BB a year ago! Unlike yourself. Btw, you didn't answer my question.

sssv, You appear fairly 'close to things', so will understand if I use 'tech-talk'. From the AIS, the rig made a move of 10 metres or so overnight. I thought this may have been them running the stack close to depth without it being directly over the well, and then 'jigging' sideways to latch on, which is a fairly standard procedure. But now I'm not sure. Your post contains a number of ifs, buts, and maybes, but I don't disagree with any of it. Because of circumstances. The rig was supposed to go to Invergorden for the winter, when lots of maintenence things (probably outstanding) would have been done. Instead it went to Shaw, and has been working nonstop, so the goalposts have moved. As so maybe the contract terms have been modified as well, as you infer. By the way (this is COMPLETELY OFF TOPIC, apologies to others), do you know that the latest (long awaited) 'Macondo Book' was published last month? The account by Bob Kaluza, a survivor and BP Co-Man, tried for manslaughter, acquitted by the jury within two hours. I'll make no comment regarding my thoughts on reading it, but recommended stuff for anyone interested in such things. The BOP gets mentioned a lot, of course.

Ricfle, "Here is Arbitrader75 post of Thursday 24 May; "by all means keep calling it a blip" Clearly some can and others just talk bullshite." Some 'can' what? This is by far the most revealing post I think I've read from you. But first of all, just a few hours ago I myself wrote " the rather puzzling slump in the SP today which even I will admit can no longer be considered as a 'slight blip'. So OK, I've slightly modified my opinion, changing with circumstances, which is an obvious thing for any sentient animal must do if it's to survive. But nevertheless, only to call what's happened recently maybe a 'big blip' in the longrun. Unless the rig's gone and dropped the stack on the wellhead, in which case that's a different ballgame. But we were talking about RNS's. A few days ago, you mentioned I'd posted an obviously erroneous OPINION that there wouldn't be an RNS immediately following the drilling of Seven, and that on account of that 'some people' had 'lost a shedload of money'. And that really puzzled me. Going back a bit, around a year ago, I mentioned that I'd sold big here just after the 67p spike, making myself a nice profit, and I seem to recall your own good self reprimanding me for that, as though I was personally responsible for that spike having been just what it was, largely fuelled by rumours of a T/O in which I didn't personally believe at the time and which didn't occur. Right now I'm maxed-out in this share unless I can magic up some extra capital. So holding tight. Not trading. But how about you, if I may be so bold as to ask?

Ricfle, "Hurricane are still only reporting progress not vessel movements" Yes, I can see that. The only 'point' I have been trying to make is that this represents a change from what they were reporting during the drilling campaign. I agree with others who say that we don't want an RNS every other day saying how many squirts of grease the mechanic has applied to the supply boat's bow-thruster bearings, but I remain surprised that there's been nothing about the rigmove. Maybe the 'shipwatchers' having been publicly acknowledged by the CFO 18 months ago, and also more recently by a Broker, the company has decided that their work's being done for them in this respect, so the cost of an RNS (about 500 quid, I believe) would be an uneccessary expense. "The share price is not attached to your speciality, drilling, indeed there is absolutely no connection." Given that there will be no further drilling by Hurricane until next year, I can't argue with that. "There will be a process RNS, if not a new presentation, released just before the AGM, so it can be discussed in detail." Says Ricfle. But yes, that sounds very likely. "Will Hurricane say first oil 2018? Personally like "Yuyus" I doubt it, as the AMG is about 1 month too early." I take it you mean the AGM, and not the sports division of Mercedes Benz. But yes, I agree with you and Yuyus there. At best I feel that Dr T might say that FoiL in 2018 is 'not impossible' or something along those lines, but certainly won't commit to it. "You need to try and think like the market" That is an absurd statement. For starters, I myself am part of the market, albeit a very small part. But 'The Market' comprises all sorts of people (and robots), some of whom are selling, some of whom are buying, some very high-frequency intraday, some not making a trade for months, some looking at very short-term profit margins by dealing in volume, others holding longterm waiting for full monetisation or a takeover or a dividend, and some just gambling on spreadbets. What makes you believe 'the market' is capable of 'thought', anyway? It might behave like some hydra-headed organic beast, but there's no reason to believe the thing is conscious or capable of thought. If it were, its behaviour would be easy to predict, we'd all be rich, and all the 'soothsayers' would be out of a job.

Wellwell, "Anyone who thinks there�s no link to the price of oil should ask themselves what value for HUR shares if the oil price was back at $29 either now or post FOIL?" It's a good point, but there again, if the price of oil reverts to $29 in the next couple of years I think that the value of our Hurricane shares may be the least of our worries. More likely to be wondering what a Russian tank is doing outside the front door...

Ricfle, Adoubleuk, What no RNS?" Very observant of you. And yes, I had noticed the absence of an RNS myself, as well. Mind you in our earlier discussion I never placed any sort of wager that there would be an RNS today, simply expressed a slight anticipation that there would be one. I hope that the lack of an RNS stating that the rig has arrived on location and has satisfactorily commenced recompletion work on 7z doesn't relate to the rather puzzling slump in the SP today which even I will admit can no longer be considered as a 'slight blip'.

"BOP Maintenance I think" Hmm...

Sotb, " I don�t think Zennor will allow there slot to disappear. " There's something interesting here. All this campaign for the rig is Zennor / Hurricane. Both of whose major shareholders, with places on the board, are Kerogen. So in some ways, both in operational terms but also in format, if not in 'scope', I'm thinking of them 'together' in a certain way. They've also shared the contracts on the boats, so the 'connection' is not something imagined. So long as the old rustbucket can get our stuff done, that's all that interests me, though!

Wellwell, "Semantics and well you know it." Yes. I didn't just fall off the pumpkin truck, you know. Thanks for the recognition, nevertheless.

Ricfle, "So the PBLJ rig has turned up to undertake some work on Hurricanes production wells, so what?" I think you should reconsider what you've written, and maybe take a lie-down for a while. They are not 'production wells' until the rig has successfully done the work it's been brought in to do. Or rather, that the people doing the work on the rig have successfully performed it, and all the equipment they're using has functioned according to design. And until the buoy and FPSO latched to it, they're STILL not 'production wells'. 'So What' ???????????? Big Boys' Toys, maybe, but not nintendo. No 'autopilot' involved.

BNB, " this is a RELATIVELY simple operation , relative to the all other ongoing projects n/s w/o/s. " Agreed. Almost. Because nevertheless a lot hinges on all of this for Hurricane. Whereas BP can do a balls-up on a Quad 204 well and come back to it, nobody will notice, and it won't affect their SP one iota. For Hurricane, what's happening is critical stuff. Anyway, let me say welcome to this BB to you! Another item of 'oilfield trash'! No doubt we'll have more 'tech' discussions as things progress. I notice that your posting has also caused SonofThe Bull to stick his muzzle in. You'll get used to it.... However, in the past drilling campaign starting 2016, there were lots of rigmove RNS's... Mind you, there were lots of silent period when the TO Spitsbergen was being tossed around like a cork waiting to move on to Halifax, and we were beginning to wonder what was going on!

PS (For 'she', read PBLJ, not TO Spitsbergen, of course!)

Ricfle, Oh yeah, as we've started a new pillow-fight. "Hurricane are reporting on "progress" not vessel movements." During the 2016 / 2017, RNS's were issued regarding the Spitsbergen's mobilisation, arrival, and inter-well moves. That's why I was surprised to see no RNS saying she'd finally escaped from Repsol.

Ricfle, 'Ere we go again... "You are arguing about what is relevant for an RNS." No I am not. In fact, before writing my post on the subject, I went to google to find references about what actually counts (vis-a-vis 'price sensitive) and 'Regulatory News'. And it didn't really help in this case. As for what I may have written two years ago, I may be an old man, but still attempt to become wiser every day. And to quote Nils Lofgren, "It ain't a crime to change your mind". How you manage to recall what I posted here in 2016 is beyond me, though.You have an amazing memory. My mind turned to figuring out if 'Ricfle' was some sort of abbreviated anagram for 'elephant', but that didn't work...

Snail, " it's absolute bloody dreadful here in SW France and as far ahead as the forecast goes ( 15 days ) it's rain rain rain" Same in my neck of the woods (Deux-S�vres). Dressed to kill (as usual) on Saturday for poker at Chatelaillon. Then looked out of the window, checked the forecast, and reluctantly put the smart blazer I'd chosen back in the wardrobe, and took a waterproof jacket with 'Shell Gabon' emblazoned below the lapel instead... Another 'first' probably. In the entire universe's history, I'm willing to lay a very heavy bet that nobody has ever gone to that casino wearing an oilfield jacket, a shirt made in Finland and a tie embroidered with a pattern painted by the Grateful Dead's late guitarist before. Ever. (Unless I've done so before, can't remember.) Makes calculating the odd of EPS success seem easy... PS Sorry for O/T, but it's a 'bank holiday' in the UK, so that's my excuse!