Member Info for Cebo-456

Bartle, I ussually try to ignore attention sellers, but I don't think any one said it was 100% going to happen or happened. And who gives a toss about money for a water injection well - it isn't needed, there is no rush to drill, no rush do prove up resources and no rush or need at all to do another CPR like some if the other muppets are asking for.

And after Coffee- Despite what some people think, Crystal Amber do not have anyone on the Board of Directors - so in theory at least, Crystal Amber should not know via Hurricane if any bonds were bought by the Company last month - but they will have contacts in the city which will tell them if Hurricane have been in the bond market. So if this thinking is correct then it will look good on RB and co if and when Hurricane finish buying back any available bonds. It would then require an RNS to tell shareholders, that and the FPSO extention could see a decent re-rate on the SP.

Despite what some people think, Crysta Amber do not have anyone on the Borad of Diresctors - so in theory at least, Crystal Amber should not know via Hurricane if any bonds were bought by the Company last month - but they will have contacts in the city which will tell them if Hurricane have been in the bond market. So if this thinking is correct then it will look good on RB and co if and when Hurricane finish buying back any available bonds. It would then require an RNS to tell shareholders, that and the FPSO extention could see a decent re-rate on the SP.

Guys, those rumours about RT upsetting the OGA and the OGA making a decision based on an individual are complete nonsense - the organisation does not work like that.
Anyway, Ghengis, it may be worth having a look at Crystal Amber's update this morning, and yes, like some on here, Crystal Amber are invested so they see may not see your "elephants. :-) Nothing that we do not already know but good to see it laid out again in an official RNS. The interesting part was the urgency to buy bonds on the open market - (shame when they first recommended this, the BoD decided bot to do it because it would **** off the bond holders). I would hope that this is already happening and any available is getting hoovered up, and discount is a bonus as it saves on interest payments.
And good to see confirmation as stated yesterday and of course during the hearing that BW are very keen to get the BW contract extention over the line.

Ghengis, I totally disagree - but then I would, I work in the industry, West if Shetlands (WoS), also possibly biased because I recently invested a few quid after a couple of years putting my hard earned elsewhere.

Your first point - will the reservoir continue to flow - you could say that about any producer WoS - and before anyone says its different to the rest - BP are producing from Fractured Basement Reservoirs WoS.
PS - the Mark 1 eyeball says it is currently doing just fine

Ref' having cash to pay off the bonds - this was debated in court last month and the conclusion was that there is a decent chance they will have, with multiple options to make up any shortfall if required.

Regarding Spirit and BW, I do not see Spirit sale as a concern, even if they walk away from the GWA licence, it has minimum impact - and if Spirit eventually sell out it could be positive - who knows. Bluewater -It would cost BW or their new client Hundreds of Millions of $ to redeploy the AM. The deal for the charter extention will happen soon, the terms may be interesting but I am confident it will happen soon - I may be wrong but watch this space.

The OGA/BEIS pulling the plug because of flaring consent is extremely unlikely. I suspect they may want a commitment to Flare Gas Recovery, but certainly not a show stopping elephant by any stretch of the imagination.

Squarial - They already have 2 esp's, both back operational now I believe, although natural flow at the minute will still produce 10k barrels a day - potentially more if pushed.

Still a risky share and always has been, and certainly not one that I would throw my life savings at, but maybe worth a punt ;-), maybe not.

All in my opinion.

Golden Badger - Are you speculating that Centrica would pay Hurricane X million $ to offload Greater Warwick Area licence - what financial liabilities or commitments do they have in relation to the GWA now that Lincoln has been P&A'd. Surely we can't on one hand say that there is value in the GWA licence (I personally think there is) and on the other hand say that Centrica will pay to offload.
Apologies if I am reading your post wrong.

Ignore Thatcher and the other two-bit investors - the Company has just released the the answers to over 230+ questions submitted pre and post presentation- worth reading and making your own minds up.

The Tone of the RNS has changed and "Pleased to Report" is a refreshing change from the negativity deployed this last year or so. Apart from that it just tells us that the routine TAR was completed as planned and she is back producing again as planned, nothing more, nothing less.
I expect this to continue to trade around the 2.9 - 3.3 level until we hear some real news, starting with the FPSO charter being extended and then any progress on buying back some of the Bonds if allowed.

He is still on holiday, let's hope its permanent. !!!!

He is till on holiday, let's hope its permanent. !!!!

- and if CA haven't been talking to potential suitors, I will eat my hard hat. ;-))

Bartle, you are correct, relying on one brokers note is dangerous, and for Hurricane to realise full potential here then they would need $ investment.
But there are a lot of Companies that had a good look at Hurricane, not least BP and Shell, when they were valued close to 1$billion. I don't believe BP will overtly step in here unless they want the FB IP, but some of the mid tier Players or Private Equity may take a punt.

Like everyone on here, CA will do what is best for themselves and their clients, and if that means flipping their shares at 5p/10p etc or selling out completely to a suitor that wants to take control of the Company then that is exactly what they will do.
If, and that is a big if, there is a body that wants to but Hurricane, it would be impossible to buy substantially on the open market without sending the SP rocketing - CA can and are doing so relatively cheaply.
FWIW, apart from a few very small day trades during the court case, I have had no real financial interest in here for a couple of years now - but took a long position earlier today - I was going to wait until the AM contract extention was signed and sealed, but as RB was in contact with Bluewater last month, I think, after todays RNS, that he must be confident that Hur will hammer out a deal for the FPSO which will benifet both parties.

With Bill Gates and Sores taking control of Mologic and GAD it looks like many millions or billions of low cost LFTs will be produced in the UK for LMIC's. This will require high volumes of cassette manufacturing - in fact with the low MC of sub 30m, it wouldnt surprise me if CAR weren't a TO target, which would be loose change for Gates and Soros.

Correct, I wouldnt be surprised if Soros and Gates go after Carclo (CAR) as well, as they will need a UK manufacturer to supply their cassettes etc - CAR 10% down makes their MC < 30m.

Captain Swag, can you please substantiate and provide a link if possible to your claim, or at least insinuation that they have now managed to procure appropriate window blinds. :-). Shouldn't this have been in an RNS, or at least tweeted about.

Fat fingers hitting the b instead of n, but you get the point.

This mornings RNS opens the door to the Company buying back Bonds now. Last I looked, they were trading a fraction above 50c. The Company tendering for $100m would bo doubt raise the price but even if the pay 70c, this would save them $30m in a years time, plus another $7m in interest payments. Bot only would this just about cover any shortfall, it would do wonders for the SP.

Am I correct in thinking that the Company have decided not to appeal, and if so then why have they not officially announced this.

Yep, the Proffesional use CE mark does allow use for "supervised" testing.
That and news on uptake from the APAC countries would be very welcome.