Member Info for Bubblepoint

""The depth of the economic scarring from this conflict remains an open question.""

You put one to many R's in that last bit Oce, this corrected aligns better to what you bosses want, keep pumping out the copy/paste carp, there are always a few mugs (muggin's) out there that will hang on every word lololololol

The depth of the economic scaring from this conflict remains an open question.

""Both the Americans and the Iranians have wisely chosen to pull back from the brink.""

Bit like this shower of sheite and their creditors after such a major DEFAULT !!

110 and dropping

I wouldn't waste your time responding to Skelly, he/she didn't pick these up when they were in single digits and has done nothing but cry about the project ever since, ner mind, when you miss the boat, you can always take your chances swimming with the sharks.... but most here are happy to let this continue on its path, WITHOUT all the lamadrama

Gezzzz I can barely suppress my excitement !!!!!!!!!!!!!!

AND !!! so what, they are not on the receiving or defending end are they !!! ITS NOT HOW YOU START A WAR, ITS HOW YOU FINISH IT THAT MATTERS.........

And from what I see, the US is not having it all their own way, yes they got big bombs, yes they can cause a lot of wanton destruction, but strategy is not exactly their strong point, more like brute force and ignorance

""So whose reality do you lend credence to? Your own?""

I have a LOT of contacts throughout North Africa and the Middle East, and I put far more faith in what is fed back from them than any ferkin media carp.. so YES my own thanks....

ZZZZZZZZZZZZZZZZZZZzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz as always, you keep believing all that your media scouring enables, the REALITY is very much different.

Like your bosses, they pump out sheite to mug punters while they play them like fiddles, you know, Like the UKOG saga not too many moons ago, and there you were, pumping all that media blurb and making out it was HUGE, when in reality your bosses and their cohorts were setting it up to milk joe public for all their worth...

""Trump has the biggest media presence but he isn't the one who has closed the Strait of Hormuz, that is Iran. And Trump isn't alone in attacking Iran, there is also Israel.""

Israel is nothing more than Trumps puppet, much of the weaponry is US supplied, they work in cahoot's with each other. So basically it is JUST Trump with his sideshow doing some of their dirty work.

And of course Trump is THE ONE RESPONSIBLE for causing the straight to be closed by Iran, and why wouldn't they ? it is one hell of a card they hold.

It's OK, this showers destiny is now controlled by the two "T"s, Trump & Trafigura, Ocelots bosses are happy about the global unsettling of the markets, it is how they make most of their easy money, and Ocelot's bosses are happy for him to keep spamming the board with news articles on the war..

Shame there is little this shower has done on their own merits, other than a cheapass sticking plaster workover, which hasn't really reversed all the liquids and depletion effects. better than nowt but it will come back aggressively as they flow at lower surface pressures.

Sageman, Just because "my" take/posts on this shower goes against the grain of the "pom Pom waiverz" does not mean I cannot or should not post or respond to others.

Basically you post says we should "all" shut up, sit on our hands and wait while this shower drains the life blood from our veins, in that case when these unrealistic pom pom waiverz stop their childish pack mentality hounding because it is simply "not" their take on things, then I will too, until then I will continue to post as I see fit.

What I also do not agree with is claiming that this "proceeds of war" is some kind of master stroke by this shower, they are a disaster, and have been since the start, not the asset, the management, pure luck favoured them from this situation, nothing more, nothing less, and yes it will likely be "just" enough to scrape through and "survive" but even as it stands today, it will be just that, survival on life support, under the total control of those they defaulted on !!

Sageman,

I am MORE than capable of understanding OPEX & Capex, it is a daily part of MY job thanks...

Also yes the war has benefitted this shower, and is a bit of a saving grace, though I would say the past damage inflicted will keep this undermined for a long time to come, if not indefinitely. Yes they have done what equates to the cheapest and easiest workover they could get away with, though we are yet to be informed what astronomical figure they will inform us it cost !!!

Personally I couldn't give a hoot what most of you think about what I post, I have the measure of this shower, and nothing has changed in my book, other than that proceeds of war benefit, WHICH will come off just as fast as it went on when the dust settles.

It is obvious Trafigura are not interested in operating this depleted field, they don't need to, they got this lot by the baws they literally put in their hands to squeeze the life out of. So yes a feal will be done, with Trafi holding ALL the cards and they will use them....

As it stands, they will likely cover new debt payments and OPEX, but not much else, as that is exactly how this shower works.

Ocelot will keep you all right, because what is written will generate a bright future right Ocelot ?? same as UKOG, PPP etc,, yeah heard it ALL before.. !!! PMSL

As said SR, They were spunking £1/4 -£1.5 MILLION per month over the 24 months prior to suspension, with NO debt payments to ANYONE and wer almost skint at suspension.

I agree it will remain functioning, they will be GIVEN a deal (Trafigura TERMS) as it is a pure cap in hand mercy mission for this shower, BUT net end result will be, EVEN with the new hedges, enough to pay back the quarterly payments and cover their OPEX with not much of anything left after that.

IT REMAINS TOTALLY UNDERMINED, the damage was done a long time ago and they continued to take the pish, unfortunately Trafi don't like being insulted like that, and it will COST this shower dearly for the pleasure on DEFAULTING !!

Ps, Hey Sir Ocelot, HOWZ UKOG doing these days, you know,,,, the other one your paid to work,,, completely fallen off the cliff you were pretty much telling everyone didn't exist !!! same sheite as you do over here....

Ocelot, You only respond to me because you are PAID on your posts and up ticks lol,, well done, bit like Sainsburys loyalty points.

Anyhow, you can dream all you want, bit like the CPR numbers, "creative" at best, YOU will find out AGAIN for yourselves THE HARD way, enjoy what you deserve lol

PMSL,, "CREATIVE" at best, you know what I mean lolololo as said, take them at face value at your OWN peril, shows your naivety

Eyeeee ocelot, you trust that carp at your own peril lolol

PS Sir ocelot, YOU can fudge around the numbers ALL you want, but I can assure you that it resulted in almost being skint, £37.1 MILLION of revenue in the 24 months to suspension and diddly squat left, NO DEBT or ROYALTIES paid from REVENUE, it changes NOWT, they have UNDERMINED this asset to the cliff edge FACT !!

Prey tell Sir Ocelot, WHAT did they spend on CAPEX from REVENUE ?? because it was HIGHLIGHTED what was going to be spend and that it was to be funded from the remaining loan funds !!! NOT REVENUE !

ANDDDDDDDDDDDDDDD the point is they were borderline SKINT at the end of it, which TRANSLATES to OPEX being at approx £1.4-£1.5 MILLION per month. and no they did pay for the booster ect from revenue, as they CLEARLY stated these CAPEX requirements would be paid from the now DEFAULTED loan...