The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
I think that Chessmaster is a bit offside with his 30 month timescales.
For example, the first FPSO of any note was the BP SWOPS vessel built at Harland and Wolff in Belfast and was constructed from scratch in 24 months 1986-1988. The BP project manager was killed in the air crash of a British Midland flight to Belfast that came down on the M1, but it was still built on time.
The first of the Bluewater fleet of FPSOs was the Uisge Gorm, when I was a barmaid in South Shields. It was a decommissioned tanker which was brought into the Tyne at McNulty’s yard and then converted into a FPSO with great British Geordie skill by adding a swivel turret and topside processing in about a year or so. It went out to produce from the Fife field as a wet lease contract and Bluewater went on to convert a string of old tankers into FPSOs on the back of that experience.
So, you don’t need to repurpose an FPSO for Sea Lion if you can repurpose an old tanker.
The Sea Lion oil is waxy, so much so that it is solid at room temperature. I have seen it and touched it at an industry event. You need steam trace heating in the FPSO hold to keep it liquid for transfer to a steam heated shuttle tanker. You need steam heating on both vessels.
Steam heated tankers are fairly common for transportation of waxy and heavy crude oils, and it would be easy work for the Geordie boys to convert another tanker for someone like Bluewater just like they did before. Why Aye lads! Get doon the docks. So, I don’t buy the long lead time story.
Perhaps Jimmy Nail could be the site foreman?
Useful article from a law firm about the FPSO contract process
https://chambers.com/articles/fpso-lease-contracts-pre-contractual-phase
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The only way to acquire Warrants was to participate in the open offer share sale, and you had to be an existing shareholder to do that. I don't think hedge funds fell into that category after the odious Odey sold up.
So how are these mysterious "hedge funds" in the background creaming cash off private investors?
A full and referenced explanation would help me understand how, as you assert, that AIM is skewed against private investors, when a share is a share, irrespective of whose name is attached to it.
Look forward to it.
AIM is not recognised as a stock market by HMRC. So whilst RKH are "quoted" on AIM, they are not "listed" on a stock market. Keith Lough made this point a couple of years ago in relation to the company's disclosure obligations.
Unlisted shares qualify for IHT relief so it follows that RKH shares should qualify.
"Don't Bite the Hand That Feeds You"
Ah , this must be the place?........
Grub was good. And even when the English lady on the counter tried to charge me 10p for extra tar-tar sauce, which in that moment I didn't have any change she gave me the benefit of the doubt!!! Because of this I enjoyed an amazing experience on the food an amazing service by the Kurdish people there and I went large on the tar-tar sauce at no extra cost
https://www.tripadvisor.co.uk/ShowUserReviews-g186337-d9708394-r695268911-Yanni_s_Traditional_Fish_Chips-Liverpool_Merseyside_England.html#
There is a warrant sale at 9p once a month on last trading day. You need to ask your broker or nominee and have enough cash in your trading account to settle it. The new shares appear in your trading account after several days, depending on your broker . You can then keep or sell them.
Apropo the FPSO discussion, the waxy SL crude oil is solid at room temperature and needs hull steam trace heating in any FPSO to be mobile enough for export as a liquid This is true for the shuttle tankers as well.
So that restricts options or requires modifications to any vessels selected.