Member Info for cat5

https://www.lse.co.uk/rns/CRS/update-re-proposals-following-continuation-vote-m6id39wurxobmd2.html

Hi-Sense, Many thanks for all your efforts, mine sent.

CATS5

I think Maris is being particularly conservative regarding positive cash position post bond repayment, I agree with Sense that we should have $100m+ at that time..
Is this an area of "Good News" to pitch at the AGM?

I'm sorry if this is a stupid question or been asked before:
Surely only the proportion of proceeds gathered in British waters is subject to WT if not reinvested in further UK operations?
If so, what is that proportion?

There will be an answer, let it be................

Sorry, couldn't help myself

https://uk.investing.com/news/stock-market-news/around-11-of-norway-offshore-oil-workers-threaten-to-strike-2663887

It's been raised before, but I'm wondering whether Harbour Energy might look at us favourably? They still have a mountain of debt (probably around $1.1b come end of H1) but are paying it off fast, and possibly debt free by early next year depending on oil price, tax etc.

I see there's a Tullow/Capricorn energy merger going forward, they don't appear to be very happy about it on their chat boards

https://www.reuters.com/business/energy/russia-should-cut-oil-output-by-30-get-better-price-lukoils-fedun-says-2022-05-30/

At least the timing of this additional tax has allowed us to get our accounts into the black.
If we're netting approx $40m dollars per lift, and there are 3x lifts between now and Christmas we're gonna be around $30m poorer, but also $90m richer.

I wonder which way CA will vote Re: Maris?

Hopefully answers your question:
Each year at least one-third of the directors or, if the number is not three, the number nearest to but not exceeding
one-third are required by the Company’s Articles of Association to retire by rotation and the retiring directors are then
eligible for re-appointment. Resolution 8 proposes the re-appointment of Antony Maris as a director in accordance with
Article 64 of the Company’s Articles of Association

Hi Sense. I'm personally interested in both your and Simples views, I don't necessarily agree with 100% of anything either of you say because I have 65 years of accumulated life experience. Keep posting the good stuff.

Great watch
https://www.rolls-royce.com/products-and-services/defence/aerospace/combat-jets/ej200.aspx

Petro Atlantic on it's way to Lancaster

Unfortunate, and comes with additional costs, but this is the first time ( that I can remember) a problem has occurred.
According to Marine traffic info on the AK she has a max capacity of 104724 DWT x 7.4 = 775k BOE, so hopefully not a problem until a new collection can be sorted?
Ha, ha I sound as if I might know what I'm talking about, not really just what I've managed to dig up.

https://microcapclub.com/2014/08/the-conviction-to-hold/

Before the move to the FTSE250, you'd better get buying before the big push......
Please consider us oldies with a pension to think about.

Looking back over the last couple of years notice of the AGM should be imminent .

Then either side of that our next lifting

Hopefully to cheer people up: Last collection 22th March. At 9000bpd and collection of 520k barrels = 58 days (or 8 weeks approx).
So next lift around this time next week. What do we think?