Rich possibly correct on both counts, although personally I am still working away so haven't yet experienced the lock-down first hand as yet.
Hurricane can survive for years at $15 oil whilst whilst most others would struggle to see 2021 at sub $20 prices. - and eventually things will eventually return to relative normality, maybe later this year or 2021.
Production continues offshore, the Helix looks to be on P&A duties (IMO), which means the PBLJ is maybe free to drill a couple of holes. I assume that one will be the quick commitment well on the GWA, unless the OGA are flexible with operators, and roll the commitment wells over for another year or two.
We also missed out on the CMD due to the CV19, but Hurricane will now have all the EPS data they wanted - is it unthinkable that there is enough to temp a cheeky low ball offer from some cash rich company that dont believe the sky is imminently falling in.
TTT, if that's the case and what you really believe, then sell up any shares you have and move on whilst it's still in double digits.
Q - Why are posters predicting the worst for the SP whilst professing to still be invested in Hurricane and then wasting their time posting here multiple times a day???? - Of course we all know the answer to that one.
Listen muppet, unless you think that somehow the virus is transmitted through the offloading hose or somehow someone is catapulted on to the FPSO from the tanker like an offshore Antoinette Concello - or walks 100m along the mooring line then how in earth is anyone on the tanker at risk. Go back to eating crayons or whatever your skill set or speciality is. FFS.
Changfai, totally rubbish. It will be anyone that shares a cabin or works alongside him or possibly has shared an office with him or maybe worked closely on a couple of workscopes with the guy. (and the AM is one of the few assets that only has single cabins so no sharing). - We wouldn't close Tesco's and send all the staff home because the checkout person tests positive. FFS, get a grip.
The guys and girls in the AM will be a lot more relaxed, and cracking on with the job, than some of the pathetic panicky armchair experts on here. If the cap fits........
Ammu123, what nonsense "stop production and help the people......". They had one chap that needed to be taken off due to the virus, anyone deemed to be in close contact with him would also be taken off on a more routine flight and sent home to self isolate. This has happened now on many platforms and Rigs in the uK sector, so stop panicking - there will be very clear procedures on board that will gave been followed, production will continue, and rightly so.
There are so many cases of suspected CV19 offshore now it really isn't news worthy any more. It does look like like the chaps condition was bad as they sent him to hospital, but as it hasn't stopped production, I see no reason why it should negatively impact the SP. The Oil Price yes, but not the Medivac. IMO.
LW, there are probably several hundred employees connected to Hurricane so it was just a matter of time before one contacted the Virus, and yes it does make a difference.
There is likely only one or two actual Hurricane employees on board the FPSO at the time. I appreciate the Oil Price is on it arse, but if anyone is selling because of the chap that was taken off with C19 then I think that is an over reaction. The AM is still producing Oil as I type, it is bussiness as ussual.
That said, let's hope that the chap that got lifted off the Aoka Mizu, along with all the others with suspected C19 that have been de-mobed from many other Rigs offshore UK make a full and speedy recovery.
Maybe, but which of the OGA license extension requirements do you want to see relaxed?????.
I think the P&A is going ahead, but may be wrong. I think that they may give a years extension on the GWA commitment Well. We have till Dec next year to drill the GLA well so unlikely this will change.
I believe they need the commitment wells for Field Determination at some stage prior to any FiD on any FFD but no rush for that given the current craziness.
All IMO and quite possibly completely wrong on all counts.
Ghenhis, you must spend a lot of time and effort trolling through the internet and Twitter to find the most negative articles that back your views of doom and gloom. Whether that is deliberate or just to justify to yourself your declared position here, I dont know, or really care. I like to see all views but when someone continually posts poorly written negative articles and tweets, they lose all credibility in my opinion.
I do not see how charts can possibly be usefull or reliable in times like those, unless someone has a chart from the last time CV19 hit the world economy - which reflects trends and behaviours that are likely to be repeated this time round., mmmmmm
Daltry, I disagree, if they were in a position to increase production, and it didn't negatively impact of data gathering or reservoir management, and they had the flare consent then they would have increased it anyway.
So there is no question about him (the Company) compromising the already very well run and susessfull EPS operation to pump a few more barrels of oil.
There is also certainly no question about "survival" being their immediate priority or concern. Not for me anyway.
As I said before, if you are investing in this high risk industry, Hurricane is about the safest punt around at the minute. - all in my opinion obviously.
But off course if RT does state that, and says they are going to up production to mitigate the low Oil Price in order to survive, I will immediately apologise.
Thanks for repeatedly posting updated on the virus, this must be extremely useful for those people who do not have a TV or who's internet access restricts them to view only this Board - otherwise they would be totally unaware about the virus going about, and may even miss the chance to panic buy whilst waiting for the world to end.
Ghengis - "it's not inconceivable that prices could go negative" - You never know, something seems to have caused you to do a full revesal recently and turn extremely negative, so same could happen to Oil prices I suppose. :-)
Hope you are well all the same and someone hasn't hijacked your LSE account and started looking for poorly written twitter articles and tweets to back up their trading position.