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They expect a result this morning according to Rolf (on twitter). Although info like this should really be released by RNS not twitter - particularly as the original dates for the case were released by RNS.
The Company need to be on the ball with the RNS as soon as the judge finishes delivering and summing up - otherwise the news will be leaked - watch out for massive buys or sell later today indicating the result. 1 million awarded to MNRG plus costs would be a great result today. Fingers crossed
It doesn't suggest anything - it will probably be scheduled weekly or fortnightly to supply Food, Water, Deisel and every other supply that the FPSO needs as well as taking away all the waste skips, backloads etc.
IMO
Agree, Ralph needs to updat me Shareholders 0700hrs Monday Morning - I suspect that we are probably just waiting for the Judge to do his summing up and get it written up - so perhaps only another 15 minutes to tie it up Monday Morning - Either way, Rolf should let us know.
It would also be good to get an update on Italy - this must now be close to starting up - certainly Q4 at the latest.
Come on Rolf - let's have an update Monday Morning.
Agree, Ralph needs to updat me Shareholders 0700hrs Monday Morning - I suspect that we are probably just waiting for the Judge to do his summing up and get it written up - so perhaps only another 15 minutes to tie it up Monday Morning - Either way, Rolf should let us know.
It would also be good to get an update on Italy - this must now be close to starting up - certainly Q4 at the latest.
Come on Rolf - let's have an update Monday Morning.
We must surely be waiting now for the Judge to give his Legal Dirctions and Summing up - which I would hope would be today or Monday morning at the latest.
Surely if there was any delay to the High Court Hearing or they were working on an out of court settlement then the Company would have RNS'd the new time-line already.
The SP shown is ussually the last A trades on the Order book at the time (not the mid price between Bid and Ask) - or it will be show SP as the Uncrossing Trade if its the end of the day.
SimpleIv, what question are you on about, a quick look at your recent posting history shows a load of speculation, incorrect assumptions, miss-information, incorrect facts and patronising statements.
If you ask a straight question then I am pretty sure someone will probably give you a straight answer - otherwise stick to flying your UH-60 Gun-ships or whatever else floats your boat - wind and wave permitting of course.
Echo, you are welcome - the investment case here, is bigger than the Court Hearings - the plant in Italy which is due to be fully operational very soon will not only generate good revenue, it will also be a showcase for the partners tech' and a model for other currently decommissioned plants thats have need earmarked as potential investments.
Assets alone are worth more than the current MC, add that to its Uranium Investment with IMC and Gold Ridge which will be a slower burner and the Numbers add up - in my opinion.
Marfin, thats still the case - any Tom, Dick and Harry with a week to spare can pay 800quid for their BOSIET, MIST and Medical which is the minimum qualification to get offshore. Add Opito approved Banksman-slinger or Basic rigger course for another 800 quid and you have the basic qualifications required for those roles. The harder bit is getting the start and experience or getting the experienced guys in those roles. It certainly doesn't take 2 years study to get offshore as a basic Rigger as some would have us believe.
... should obviously read Courts Rule, not courses rule.
If the courses rule in against the LLP and JVC which is likely and award 1mil expenses plus fees plus costs etc then this should hit .20p - decision expected 21st/22nd September at the latest.
Ignore twitterati, what we should see today is investors and speculators taking positions here based on how they think the hearing will pan out - hence todays 10% increase.
Obviously watch the spread when buying, buy price is bouncing around quite a bit this last couple of trading days.
Winalot, that is correct and spot on.
Simple investor, you are wrong yet again and making yourself look misinformed at best or perhaps rather silly if I may say so. - and yes, I have "tried" it many a time (to and from various assetts WoS over the last decade) and 35kt wind speed is NOT "storm conditions" by any stretch of your imagination- and flying in 50-60 knots Wind Speed really isn't uncommon and certainly not unsafe - and certainly adheres to "flying regulations" despite what you think and post.
As winalot states, the pilot may have discretion on flying speeds but the Heli-Deck will be "Red" (out of limits) when wind speed is above 60kts, or the Cloud height is too low, or visibility is low, or Sig Wave above 6m or the vessel/rig pitch and heave is out of limits etc - which means the pilot will not land on the offshore rig.
SimpleIv, ref your post at 2150hrs lats night- all your assumptions are simply wrong, and your statements of facts are also simply wrong - chopper type, weather conditions they can fly in etc (Spades1973s post on that is spot on although I would add that Vessel movement is as big a factor for Chopper delays WoS as much as wind speed (60kts) or Sig Wave Height (6m).
Your comments about paying for a "platform" being the easy bit, but finding a crew more problematic "and "unusual for a driller to come manned" are wrong also - if they hire a drilling rig, it will be fully manned and part of the day rate - Hurricane will not start looking for a crew to man up a hired drilling rig.
And lastly to clarify from your post where you were wondering if I had anything to do with your wife - that is probably unlikely, particularly if as you state - "she was going out with the coast guard at the time". - hope that puts your mind at rest. ;-).
P.S - Hopeman is a beautiful village as is much of the Moray Firth and I enjoyed visiting that area many times over the years.
Si
....Hurricane could well end up paying half of that.
NST, spot on - the rig will come with the crew which will be included in the day rate, and they will quite easily be able to man the rig if required. - oh, and Simple-Iv, just to clarify - the West of Shetlands is only an "extreme environment" if you were to swim to work - but the workers offshore WoS will be flying there by chopper, so pretty much anyone with the right qualification and who doesn't mind being away from for a couple of weeks at a time could probably manage it quite comfortably - don't believe all the scare stories told by the North Sea TeddyBears :-)
Day rates for the DS Aberdeen or Great White may be around the 4- 500k$ but those are top end rigs and Hur could well end up paying of that.
Time will tell though - if some on here have got it correct, we should have news on the way forward withing the next couple of weeks - RB at Crystal Amber seems to be relatively happy for now, so fingers crossed the BoD are being pointed in the right direction- for a change.
Good post Miss D, RIP Andy.
Couple of questions - why is RB not creating waves and angling for change at the top, and why aren't the Directors putting their hands in their own pockets and buying a chunk if this has such potential. Could be that the Board aren't as confident as some on this forum - or it could well be that the BoD cannot buy as they are aware of price sensitive discussions with other operators/suitors and as such are effectively in a closed period to trade. This may also be why RB seems content with the status quo.
Re-certified
Simple, you took a regulation, mis interpreted it and then stated a minimum price which was wrong, whether that is because you misunderstood the regulations or you intentionally tried to mislead matters not - you were incorrect with the minimum achievable price.
Same way as you would have us all believe that no drillers will be available - there are plenty warm and cold stacked that could be manned, rectertified and put back into service if needed.