The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
There are nicknames living in your mind rent free and infecting it, Latics. I genuinely feel for your wellbeing.
It's time you took a break, assessed you loss, and decided how to work your way out of it with hard graft, without blaming Sam, without inventing rampers and leaving aside your fixation with FID, which the company has no control over.
All decisions are of our own making and if you have made a bad one, then you are simply Human not Dancer. Venting anger here might be cathartic, but it will not reward you or solve your anger issues.
The world is a beautiful place without anger and spite. Go outside and watch the full Moon and Jupiter in their never ending celestial dance.
I think that this election has given Navitas 4 years of political cover to get Sealion into production without much interference from the Casa Rosada in Buenos Aires. For sure Milei won't last beyond one term in office before the Peronists get back, but during that time the chaos will provide more than enough of a political blackout curtain to get things done.
If David Cameron has the balls he was born with, he ought to off to BA to congratulate the guy.
Reduction in political risk with this news ought to be enough to let the warrant holders exercise and sell without smashing the SP.
Good evening @headder
Any heating and process specifications I might have had are long gone with the employers I might have worked for. You cannot take employer IP with you when you retire.
There was an entrepreneur who acquired land at Port San Carlos on the western edge of East Falkland. This is not to be confused with San Carlos bay where the UK invasion force landed, which is the home of a British military graveyard and museum. I shall not name him here. His big idea was that the site was far closer to the North Falkland Basin versus Port Stanley. He thought that it could become a service base for the oil industry and perhaps a processing facility. As I recall, the FI government decided that under no circumstances would there be any onshore processing of oil and gas, so he was goosed (perhaps by an Upland Goose?).
As for FOGL, now assimilated into Rockhopper, they too had ambitions for the gas which is the dominant resource in the Southern Basin. I believe that a site at Fitzroy had been earmarked for a LNG facility but given the location history with the Sir Galahad tragedy, it gained no traction.
So, I think the whole operation will be an offshore operation and the crude oil might have to go to USA for refining for political reasons, and that might mean shuttling to a VLCC moored in Berkeley Sound, as you have observed.
Gas is probably a non starter.
The paraffin wax content of Seal Lion oil samples was measured as being around 20% by volume. Wax is of course a hydrocarbon, and is capable of being processed in a refinery, so it has value; it’s not waste.
The question has been asked “How to produce and transport it?” and whether there are risks attached.
It is well known that the Sea Lion crude oil is liquid at reservoir temperature but solid at room temperature because of the wax content.
Back in 2011, an extended well test was conducted, with pour point depressants injected into the well and with vacuum insulated tubing used to maintain temperature and liquid flow. The test fluids were burnt away through a flare boom. So, there is no difficulty producing the stuff.
As for storage and transportation, there are well-known options. Many tankers and FPSO vessels have heater coils in the cargo tanks, fed by hot water from waste heat in the engine exhausts. This keeps the cargo in a warm liquid state. You can use diluents such as light oil or diesel as a spiking agent in the tanker but that reduces the efficiency of the tanker voyage.
There is no need to have any local or Chinese facilities to deal with wax, as suggested.
As for Venezuela comparisons, their crude oil is not waxy, it is bituminous, and again it needs to be heated or diluted for transport. Different problem, same solution.
I once worked in a refinery in Kuwait and the bitumen pumps often tripped out at night and I was dragged out of bed to deal with it. The plant operators said it was an electrical problem because the circuit breaker tripped, but in reality, it was the plant operator’s problem because they had dozed off and had lost steam for the heating coils, rendering the bitumen solid!
Stop getting worked up about this, or just go for a Brazilian.
If it does, so what? We don't know the size of the FPSO and we don't know the size of the shuttle tankers.
There are hundreds of FPSO operations around the world with experience to draw on. It's not a problem.
Here's Michael Greco (Who he?) talking about open communications with shareholders. Sounds like someone facing the COVID inquiry saying he didn't delete his WhatsApp messages!
https://algwplc.com/wp-content/uploads/2022/03/alpha_growth_final_540p.mp4
It is pure turnip talk. Meanwhile the CEO has emigrated from San Diego, USA to Hamilton in Bermuda, apparently to be closer to the main business. Tax free salary never came into the thinking, I am certain.
Also, along with the disappearing trick called Danny Swick, we never hear any more of this famous fund BOAGF in the Caymans, do we?
It all seems like a secret society where shareholders are an oppressed majority.
At long last, finally we have a scapegoat.
It's the auditors, not Rathlin or the Council, or the water based mud, or the water cut, or the G2G or the Willystone Flags, or the price of Brent or WW3.
It's the damned auditors. How neat?
Answer 1: people like you keep talking the price down
Answer 2: the SP will stay around 50% over the warrant exercise price until they expire at year end
Answer 3: with WW3 potentially around the corner, no-one wants AIM shares in any volume
Answer 4: awaiting outcome of ICSID annulment process
Answer 5: awaiting outcome of Argentine elections
Is that enough for now?
Back before RKH had drilled a single well, their house broker had a long term target of £40, IIRC. Had dreams of buying Buckingham Palace.
They are all full of it and are paid to be full of it. If there is a definition of a liar, a house broker fits it.
I would suggest you read the Companies Act 2006 from end to end before offering any view about dividends.
Anyway just like charcoal at the crematorium, I am gone forever here.
Enjoy your imagined dividend and spend it wisely.