Member Info for BellNippleBear

adouble - any handover will b system by system by system and may be not even complete till it is in the north sea with ongoing support from DDW and other till they are running live .

no that is not correct - they need launching before the boat sails and can then be hoisted back into there holdings , it is as much to test the other gubbings as it is the boat . they are usually loaded with sandbags to similate peeps being in them although the coxswain and assistant may launch - more likely one of the manufaturers peeps - norsafe for egsample .

they can test them on see trials however .

all 4 need tested , there may be an argument that with the capacity of 2 boats it could sail , but not if the 2 tested boats were on the same side - no no no no no …...

Ohhh that is a little harsh Ricfle ….. lol but a good question .

ltinvestor…. it used to be said that there were 2 types of peeps …. the cleverer ones doubted their clevererness and didn't realise how cleverer they were , and the not so cleverer ones thought they were a lot more cleverer then they were...…… and please do not ask me which type I am ...……...lol

WellWell , you are a little bit negative but it takes all kinds and I like the doomsters points to consider as well as the chirpy optimists so ta for your inputs .but your post at 11:34 is mmmm strange for want of a better vocab.

"yes there are lots of oil" - the article that was refered to by missdosh quoted only 1 million barrels recoverable , the cpr has 2.6 billion recoverable which means they think that there are at least 17.5 billion OIP ???? on only a 15% rf . I thinks ?????????????

" any accounts would take into demand decreasing demands over time " - most expert peeps do not believe that there will be decreasing demands over the next 20 years , quite the opposite . peak oil is incorrect and is now 2040 anyway buy some accounts .

"hurricane s prob is too much oil" -- really , I never thought about this as a problem so food for thought , but basic business economies of scale would surely suggest otherwise , ( 5 fields producing 20 mbd or 1 field producing 100mbd ) although this is a very simplistic example .

"malcy never guided more than 100p" I think he said well north of 100p a while back - malcy has been caught out before and has no need to put his perceived Rep on the line by saying £3-5 , whatever he or hurricane think .

"hurricane will only be valued at the market rate for only some but not all of the oil" - there really is no market rate as such (many peeps quote market rate for different classification of reserves as if it is set like the POO , maybees on those boards but not in the real world ) - every field is very different based on many factors - Hurricane will effectively imo eventually be valued on 2 things 1. What it is worth to one of the major oil companies based on how many barrels they think they can extract , and 2 if there are any other oil companies that may want it or want to push up the price .

dspp and others will give a good estimate , his calcs look conservative if you believe that there are a lot more than 2.6 billions to come up as I do , but it will be what the real experts believe is recoverable - imo

shell and bp will not bid against each other , but statoil and the Chinese will , even just to be awkard . inho .

me - I have heard that behind closed shutters , many peeps think that there are nearly 10 billion barrels recoverable - bwt*dik .

sippboon …… i am a bit of a poet , although very few know it . so i will match your boat but will add a find , three coloured spools and three subsea lines , now surely that wins with my three of a kind . ????????????

sippboo ….. will match your splash and raise you the Normand Vision and Normand Baltic tomorrow . lol

test stability inclination all good job 2

LB test completed x 2 so 2 to do , liddledo . on the swanee soon .

GLA , I sold out on here (and another one) this afternoon on the small rise , but only temporarily , hoping to buy back in about a weeks time . so although I think and hope this multi-bags for everyone - I hope that it holds off for a little bit longer - lol.
out of principle , I do not continue to post on shares that I am not invested in , so good luck all peeps , I have enjoyed reading most , if not all , of the posts and hope to be back later on this month . fingers crossed .

Guys good luck on here and hope that it bags , I think it will but not sure when . , I have sold out this afternoon to hopefully catch a rise across on HUR - it is a risk as I am aware that any news of the Jap results will send this into the £s, possibly back to £8 + if it is positive - but that is the risk you take .
If it is still around those levels towards the end of next week then I will be buying back in , hopefully picking up even more than I sold this afternoon .
Good luck all , hoping for no news for the next week for the reason I stated above - and if it does , and it may - then well done as fortune favours the brave .

NW

5-10 % on sea trials , and same again when it sails from dubai for blighty followed by a slow rise into first oil . imo

muas - i agree with all , particularly your last sentence .

see if we see the sea trials and the AM going to sea this weekend , I think that we may see the SP up by 5 or 10 % on opening Monday morning , if you see what I mean , do any over peeps see what I see ?

yobbo , yes it is not click and play , but the bp fpso and the bw fpso is like comparing ,apples and well, carrots ;-0 .

the 10 months would include mooring the vessel (which had no external buoy to pull in) and connect more than 20 flow lines ( including water and gas injectors ) , . bp ' s vessel was also a new build so all systems would need fully commissioned ,brought on line and handed over . and you say they the bp vessel is probably a lot more complex that bluewaters . we also do not know how much has been commissioned in dock - the bp vessels may have left early to hit the weather window with workscopes still to be completed on station .

does anyone know if bp ' glen lyon was manned during the voyage , and if it was towed or sailed under its own power ?

it is hard to compare any new vessel or platform , look at the clair ridge , likely 3 years commissioning to be carried on station with over 700 peeps involved at any 1 time offshore before first oil .

so yes , it is hard to know what exactly need commissioning pre production , which is maybe why we are still guided as 1H next year - but everything else points to the target being first oil this year , and I would be surprised if this was not the case .

A bit more than 24-72 hours imo , yellow and red shutdown required and witnessed by the insurer , lifeboats x 4 launched and retrieved . seawater deluge system tested , all scuppers-to-sea checked . propulsion system and anything else that they cannot check in the yard or require deep water or the vessel to be mobile ) .

the fire team & FA teams will have been tested and practiced already and will be ongoing during the voyage and when operating (no need to test or verify during the trials ) , as will musters and alarms ( PAPA , Toxic Gas and GA ) already have been tested .

the main risk of any delay would be the RSD and then bringing all systems individually back on-line , even though they would have completed this in dock as well .

but ww is correct , it will be minimised with concurrent testing where possible - all going well then hopefully 4-7 days imo .

Not sure that it was a sell , seconds before it went through the mid price was 125p and any large sell would have done very well to get even the mid price . imo . although sell or buy it really doesn't matter .

Also note that the board, are now in a closed period with interims only 5 weeks away , so none of the buys were directors , family NEDs etc .

I did say yesterday that it was unlikely that any TR1 disclosures would be seen today , but really think that we will see at least 1 over the next couple of days .

I am still hopefull that this will push on higher before the jap results drop , or before there is an update on inconclusive results which made this drop from circa £9.00 to < £1 levels -

Also remember that the company raised million from IIs and the directors invested £millions themselves at above £8.00 per share - they were very confident and the IIs would have conducted a huge amount of research and DD prior to stumping up that money - I think that they are still confident that we will reach many many multiples of where we are now in the coming weeks or month .

roll on tomorrow chaps, time for a few more cold stubby and a chill evening .

bwtfdik.

SippNoob , please ignore the small minded peeps who think that it is there own board who have been bullying peeps on here for years , if they do not want to read your post - then they can skip them or filter you . pse keep posting as you have contributed far more substance then the peeps that abuse you .

julian, yes and no - yes there are a lot of clueless idiots on here that obviously have no idea but then maybe , just maybe there is some substance behind the rise and todays volume . I would be surprised if we see any results rns tomorrow , and I really hope that we do not , and that the sp continues to rise this week with an rns in a week or so …. I certainly do not think that we will see the aforementioned TR1 , there is 3-5 days before any suitor has to declare to FARN and then FARN would then release the news unless they possibly went over the threshold ( 3 or 5 % holding and every % thereafter ) early this morning .

bnb
nothing peeps can do till the market opens tomorrow , so chill out , crack open a stubby and enjoy todays 30 % rise and hope it will continue tomorrow .

Boyzee , a lot of this stuff is in the ES which is very easy to understand ( it must be bcaus if someone as unedumecated as myself can understnd it then you cleverer chaps and chapesses will be all over it like a tramp on chips ) . Just bear in mind though that it was submitted to appease the DECC , OGA etc , and pre FID , so things may have been " tweaked " since .