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I wonder whether this fall is why the buybacks have started so slowly, be interesting to see how much they increase over the next week.

I don't know that I'd agree with that sentiment, CA (I think) have made some huge losses on their other investments and probably need to find another good profit here in order to save face.......

So in putting the company up for sale I take it the data rooms will throw open their doors to all serious contenders. Over what period would that assessment take in order to come up with an offer?

You really cant begrudge the many lth's a brief moment in the sun!

The share price would need to be quite a bit higher than this for most LTH's to be getting a suntan!

According to the RNS I think you're about 300BPD under there

I'd bet she hadn't even finished arranging her furniture...........What a mess!

https://uk.investing.com/news/commodities-news/french-strikes-delay-price-recovery-of-crude-grades-in-europe-2789250

Don't hold me to it, but if I remember correctly it was around 15p

With another two anticipated lifts before year end doesn't $110m net free cash seem rather lean?

Other than that it's great news. Wasn't the initial plan to have them built in pairs though?

I think it was said that they would initially be able to produce two a year, gearing up to greater production as/if orders come in

Thanks for your reply fandg2 09:24

Just out of curiousity question, if the annual maintenance is happening during September I'm assuming the FPSO will be around 50% full. Why wouldn't this be done straight after a collection when the tanks would be empty and (presumably) accessible?
Apologies if a stupid Q

Hi Infor. As of 31st March your $2.3b was already reduced by £600m, so down to $1.7b. With average oil and gas prices generally higher in the last quarter (despite WF tax) I'm still expecting a massive reduction in debt.

https://www.telegraph.co.uk/politics/2022/07/28/wont-impose-windfall-tax-despite-record-profits-energy-firms/

Thanks Spades, I didn't understand most of it but certainly an interesting read.

Thanks peeps, I'm still wondering why HUR have established with BP a potential forward payment for it's offloads?

Please excuse me if this is a stupid question:

Could we buy the Foinaven field and pump it's contents through our FPSO?

sttx, I would love you and even better, CEOadam to be correct, in fact I would be jumping through hoops!, but please tell us sensibly how this could be achieved?

I would love to see your figures on that!

Within days of the 18th will also be the next uplift, another net $35/40m into the coffers