Member Info for adoubleuk

Longwait,

"There were masses of small shareholdings showing as sells, day after day."

I don't know where you get that information from (small sell =small shareholding), but it may well be true, and I feel it's understandable.

Certain AIM stocks have plummeted of late, and for very good and solid reasons., not rumours. Just two examples: SXX and TLW. And those are just the kind of shares which 'Hurricane Holders' might also have held: one just has to look at some BB statistics to confirm that.

The holiday season is over. Bills have to be paid, the kids are back at school, maybe floods have hit, maybe some of those PI's are over-leveraged to start with. The missus might be badgering the ol' man to grab some cash back, and certainly NOT to reinvest it in some maverick oil company again! :-(((

I feel sure that such scenarios aren't completely imaginary, and may play a bigger part than one might believe in the current SP 'rout'. But things will stabilise at some point (imho), and common sense begin to kick in once more, maybe with a new breed of investor.

Patience.

Longwait,

We were writing at the same time again, it seems, with similar thoughts. Probably just voices crying in the wilderness, but who cares? I'm personally not trying to 'influence' anyone. They can buy or sell to their hearts' content: it's their money, and none of my business.

All I know is that I'm invested in a company doing some interesting stuff (which interests me technically), and also with a positive cashflow. Which is OK for me.

eskibeatbeater,

"How much lower can this go before people lose faith.?"

That's an interesting question! Which begs a further question. Faith in what?

I can completely understand that for a newbie looking at the SP graph of the last nine months or so, buying into HUR must seem like a wild gamble. Personally I'm just holding, and not at all spooked by the wibblies popping up from dark corners on this BB and elsewhere, prophesying doom and generally trying to scare people. 'Cos I know that the highwayman pistol they're brandishing is only loaded with blanks, if anything at all. Maybe just a flag which pokes out of the barrel with a flag which unfurls, saying 'bang'.

Or 'faith' in what the company is doing? That's something else, completely. Another tankerload of oil heading for Rotterdam from WoS, the product of just TWO WELLS ? And people are trying to claim there's something 'wrong'? Go tell it to the Marines. They'll laugh in your face.

BlueEyes,

"It's not just him there is also cover on Twitter from this other chap that seem to know AD."

By 'AD' I'm assuming you're referring to myself. And yes, about ten days ago it was drawn to my attention that one of my posts here had been quoted by someone on Twitter (a platform I don't use myself). And yes, I do know who that person is, although if he's saying he 'knows' me, that's a slight exaggeration. We've never actually met, and our 'knowing each other' is limited to a few phone calls, especially about a year ago, because (amongst other things) a friend of his was involved with the refurbishment of the power-generation equipment on the AM when it was in Dubai. Although being an engineer whose work sometimes interacts with oil industry stuff, the man is not an 'oilman'. Our most recent exchange was an sms, not acrimonious as such, where I expressed that I was a bit miffed (not flattered) at having been quoted out of context, and also that I disagreed with the conclusions he was drawing.

Just for the record.

JF,

" I think we are on the same page re LF, I like you just want to get to the bottom of it all."

10-4.

These BB's are what they are. The 'market' is what is may be, People chat about things being 'manipulated' and whatever, and are often howled down as being paranoid losers.

Be that as it may, 'the market' seems to work in mysterious ways. And let's face it, there are a lot of people who have read 'The Naked Trader' and who may be presenting themselves as 'LTH', but in fact sitting in front of their computer in their underpants just making idiots of us all, but making a decent day-wage. And in fact I don't criticise those people at all.

But when something like this 'water-cut' ****e emerges, and creates a wave, I get suspicious that it's not blokes in underpants behind it...

Unlike them, I've got time on my hands to investigate, though. Though of course it could all be a wild goose chase. But fun. Just for the heck of it.

JB,

"Such a challenge is alike to the Keith Lemon show 'Through the Keyhole', ie a celeb comp "

Yeah. But you're talking to one of the handful of people in the world that know exactly which component on the Macondo failed, and why. Though we have no evidence because it's buried 17,663 m underground.

I like detective-stories.

JF,

"You could start with companies house, owner of LF, and work from there, it's a long shot I know.."

Funny, that. But it's a thought which occured to me as well. Might follow up.

DC,

"conspiracy theorist?"

Yes, there are a worrying number of people 'out there' shouting 'water-cut, water-cut'! and taking their time drawing nice diagrams, trying to say that Hurricane's endeavours are somehow doomed to failure. Somehow blinding people to the fact that yet another tankerload of oil is right now heading to Rotterdam.

Yes. It might seem like I'm paranoid and 'conspiracy-theorist', but it seems like certain people are more inspired to give opinions as to why things 'won't work' than there are those happy with the evidence that things actually ARE working.

Draw your own conclusions.

Yeah? Why not? Just'cos you're diagnosed as being paranoid doesn't mean you're NOT being watched. And you guys in the UK (with the biggest percentage of CCTV cameras per head of population) ought to be aware of that.

" Secret ports with water offload facilities"

The tanker is going more specifically to '8E PET MOT 1', an offloading facility berth in Rotterdam. Unfortunately (despite some google searches) I can't find a way to get incoming cargo tonnage (unlike the last offload at a German port), so we'll maybe have to rely on our friend Amaji to get us the figures. However, given the vessel's reported draft of 11.5m, it looks like another half million bbl or so.

Which without wishing to seem 'rampy', nor doing any sums, indicates to me that production from the Lancaster Field EPS is going nicely and according to plan.

"

Drillspark,

" ...totally discredited charlatan....."

(DSPP)

What I'd like to know is who he works for...

"Another twit alias psuching people to twitter, ignore. Really what is the point it directing a user to twitter so that twitter can direct them to the article. twitter twats." (to quote JAdams on the 'Bullish Engulfing' thread).

You raise a good point here. As a cunning linguist I have an interest in these things, my dear departed mother having worked for the OED and my own degree being in languages (and philosophy) despite having lived a professional career in the oilfield. So I remain in touch with people who discuss arcane linguistic topics, including the new verb, to Tweet', and how it is conjugated.

The jury remains out for the moment, as it does with other matter such as whether the POTUS's hat-size is bigger than his IQ, whether the bush-fire smoke in Australia has contributed more to climate change than driving electric cars will reduce it, and whether a UN resolution will stop volcanoes from erupting. And also whether the Navion Oceanic is bringing 500,000 bbls or so of crude oil to Rotterdam, or just some water.

However, I digress.

Conventional wisdom (or opinion) has it as thus so far, regarding the conjugation of the verb deriving from 'Twitter'.

(Present tense)

I Tweet
You Tweet
He Tweets
We Tweet
You Twitteth
They Tweet

However, when referring to the past, things get more difficult.

I Tweeted
You Tweeted
He T w a t (putting in spaces there, so the LSE auto-censor doesn't catch me).
We Tweeted,
You T w a tted
They T w a ts

Contributions from others to this academic discussion are welcome, of course.

oops, sorry.

"Destination Rotterdam"

Calling Amadja!

Wellwell,

" this cloud of doubt hanging over the EPS"

Oh I give up.

Yeah, there's another tanker out there to take another cargo of water...

Looking forward to seeing where she's going, so we can find out what the load is. Maybe Australia for fire-fighting purposes...

or maybe 'eclectic'.

Here's another favorite clip...

https://www.youtube.com/watch?v=otkovXD1HBQ

Wellwell,

"your taste in music is woeful."

Why do you use that spellchecker thing? The word is 'wonderful'.

oh, and apropos of nothing, other than the last few weeks' SP action, (and also the fact that the album's on my stereo right now), here's something unforgettable..

https://www.youtube.com/watch?v=DRtINlcIw0c

johnpwh,

"Anyway, last couple of days the SP has risen following the 4.30 close. A few previous days it has consistently dropped. Any idea what, if anything, we should read into that?"

I don't think anything much can be read into it, other than for now, HUR has become a 'traders' share'.

Nothing has changed, fundamentally. The presence of a tanker taking a field offload is proof of that.

All I'm crossing my fingers for now is some sort of 'big reveal' at the CMD, or maybe a black swan appearing on the horizon like a new partner... Or summat like that.

shedful,

"Critically, the processes involved in fluid transport and storage are also uncertain, although it is often assumed that migration into the basement high is primarily a passive process driven by the relative buoyancy of hydrocarbons following maturation at the source (e.g., Trice, 2014)."

Yes, well pointed out. A lot of the 'mechanisms' still require explanation, and it's quite possible that no generic model exists that applies in general terms between one FB reservoir and another. The same applies to 'conventional', of course, but these days it's fairly easy to recognise what sort of model a given conventional reservoir fits into, and then a wealth of past knowledge can be applied as how to best exploit it.

However, reverting to Dspp's graphic on Lemonfool, the suggestion that there is 'oil migration' taking place below the aquifer that provides the pressure drive on Rona is ipso facto absurd. And just before anybody really knowledgable starts quoting the huge W.Canadian Elmsworth gas fields where the gas is below the water, that's a different animal altogether!