Member Info for BlooBird

LONGWAIT
Yes! But yuyus was talking about it being £1 by the time we put the clocks back.

yuyus
Hurricane reckon that, once the oil has started flowing for a few months and reached 17k bopd, their cashflow will be about $200m/year. This is about 8p per share,

Using an average P/CF ratio of 12.5 (price/cashflow) then HUR SP should be valued at about £1.00 … so you may get your wish!

Sonofthebull
I know you're just taking the mickey ( although I found it quite funny) but as far as the 'flare-watcher' is concerned, to quote Dr,T " just wait and see".

Thanks everyone for explaining 'flare photo'.

Cebo-456
Yes! there is a flare-watcher.
I don't remember who it was but a member posted on this BB that he was located on a rig not far from Lancaster and would therefore be able to see a flare when it occurred.

missdosh
Thanks for the link.
There seems to be gas flaring behind Dr. T in the photograph.
As the link is dated today, it could mean that flaring has started already and that the flare-watchers have missed it!

Seems like shale oil is getting too expensive so off-shore becoming back into focus.

https://oilprice.com/Energy/Crude-Oil/Big-Oil-Is-Heading-Offshore.html

Muzza2
Thanks for explanation.
Concerning BP, I was confusing 'Sell for' with 'Buy from'.

JoeSoap
Thanks for the link … although I have to admit that it gave me a headache trying to figure it all out.
I'll have to read it again when I haven't just had a couple of glasses of wine.

I wonder how this oil forecast will affect HUR.
I heard somewhere (I think it may have been Adoubleuk) that all Hurricane's oil will be purchased by BP.
So questions are :-
1) "'will this be at the current market price or a pre-arranged price ?"
2) "will HUR therefore be unable to hedge future sales".

https://aawsat.com/english/home/article/1673571/goldman-sachs-raises-forecast-oil-price-2019

https://www.cnbc.com/2019/04/11/prepare-for-80-oil-this-summer-as-wounded-bulls-rise-rbc-warns.html

https://www.energyvoice.com/oilandgas/north-sea/196725/need-for-growth-could-be-catalyst-for-north-sea-deals/

https://www.energyvoice.com/oilandgas/196737/oil-above-70-must-be-a-positive-as-north-sea-investors-remain-cautious/

redon … you wrote
"Blooburd. You are right to point to the RKH's debt to FIG although not immediately due"

I don't remember where I read it but I think that the agreement with FIG says that the tax IS due immediately in case of a take over.

You also wrote "RKH's debt is already in PMO's accounts and probably irrelevant"

I'm not sure what that means … are you referring to the taxes or the $750m carry ?

p.s. it's BlooBird not Blooburd

redon
you say
" RKH has cash at the moment of US$30 million and is expecting a windfall from OM the amount of which is highly uncertain. After you have taken out or at least reduced RKH's overheads it might even produce an immediate positive cash flow for PMO. "

Have you taken into account the $90m that RKH owes FIG in taxes?.
Also there's the small matter of $750m carry that PMO owes RKH if sealion ever gets developed!.

Albi1
Agreed … I was really peed off when Delek took over Ithaca @ 120p … I was hoping for a lot more.
Although I've heard that Stella didn't turn out as well as they'd hoped it would.

adoubleuk
"I find it interesting they're doing just a single-line tow."

If that single line snapped, do you know if there is any danger of it whipping back and striking one of the tug-boat crew … or are there safeguards to prevent that from happening?

missdosh
I don't know how you keep finding these reports but well done! Please keep it up.

That is a fascinating article that really emphasises both the risks and benefits of fractured basements.
No wonder a lot of the big boys are taking a wait & see approach.

But I'm pretty sure that Dr,T will prove them all wrong.

adoubleuk
You wrote " My computer doesn't have a '7' key. I have to add the inverted commas separately...".
Have to admit, that's quite witty.

To tinlode
"They say you should write 'seven,' not '7' in sentences."
This was originally pointed out to me by LONGWAIT.
I would agree, If I was taking my GCSE English Language Exam, but I'm just posting on a BB.
I'm a one finger typist … so until they provide a 'seven' key on my keyboard I will continue to use the '7' key.

It's also 5 times faster (better check my maths else LONGWAIT will correct me!).

adoubleuk
I couldn't help but grin at the irony of your comment about a simple 'edit' button.
What's a 'cluky' ?

LONGWAIT
You are right of course but as soon as I had hit the post button, I realised that I'd hit the 9 instead of 7
but there is no edit feature on this BB.
So I just hoped no-one had noticed!