Member Info for Bermondsey

To find out whether the auditors will value our Aje asset on historical cost (as we have always held it) in which case don't expect our nav to budge because we haven't invested any more into the jv during the year to 32 Dec 17. Or, as stefan alluded to in rns a significant relate on the asset. The only way that can happen is if the auditors hold it at fair value and we get a significant fair value uplift.

Touching 52 week highs again.

Just me then. Good weekend all

Bear you think the nav is 200million? I think the auditors have it more accurate. Check the accounts.

Actually it says 18. My mistake. Is that a bigger problem? He seems to think it a formality. Must admit I vaguely remember it being mentioned here before but never put any importance on it. Yet another hole in my knowledge of the industry. Anyone have any thoughts on this? Facts would be better. Annual report by end if the month. Why does stefan always go to the line when publishing these? Mus be the simplest set of accounts going. Jv income and admin expenses. Oh and whatever equity we've given away to a completely unrelated group of investors who all happen to reside in China for less than a penny.

Is the license renewal a problem? Expires June 19 according to the guy on hemgar online

Panei. You're a useful source of info. Thanks

Hello Philpot. Google marine traffic front puffin fpso then go to nearby vessels. You will see it shows sheba docked at the puffin. Looks like an offload to my amateur eye

No idea. I only look at the puffin occasionally and rarely catch anything new to it.

Sheba is still sitting about a mile off the puffin

End of March. It's all a distant blur to me. I'm usually wrong :-)

Front puffin looks like it may have a visitor from sheba, an oil products tanker. Or it may be chugging past.... Half a million shares was once worth 20k or so here. Not small beans.

Oops. What did I start. Financials due in a month

Who was it that used to joke with you about you bright outlook in life photo? Jonb or jimprice? Come back.

I'm out on any decent profit. Concerns me that the world will have turned it's back on oil by the time we start pumping meaningful amounts

No probs. Q2 will probably be flat :-(... Would love to see an rns saying they've turned on aje6. I don't get the holdup there

We rec net income from the jv. Net of all costs. In the income statement review it says that costs attributed to q1 were capitalised to the inventory and will be amortised in q2. They are essentially saying that due to the accounting standard they could not recognise the cost in q1 so we will see the opex cost for q1 net against q2 income.

Hate to **** on the fire but in the q4 17 accounts for Pacific they mention that Erin energy had an optional for more drilling that was exercised in q417. I think it's likely to be heading there rather than oml113. Shame.

Rig not rug. Bora has drilled for us and Erin energy in Nigeria over the last year and a half.

Could well be. Just read on the q1 accounts for Pacific. Item 2 operating and financial review. They say the rug is on standby having received a letter of intent for drilling services in Nigeria