Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Nex is just the venue of execution and your broker will have most likely executed your trades on NEX from time to time. Have a look on the trading notes and it will tell you - LSE or NEX HL use it regularly for trading Hur and other stock.
The trades on NEX will not show up here or most other sites as they take the info from LSE - probably one of the many reasons why Ricfle got himelf all worked up for a long time trying to make buys and sells add up.
Slip, there is potentially a weather window from Mid Friday to Mid Sunday IMO if we are looking for is sea state below 3m Sig wave and Swell. But it will be a combination of the Wave Height/Direction, Frequency, Swell Height Frequency and Direction, Wind Speed, Wind Direction that will effect the Max Heave and Heave rate, Roll left and Right and Pitch up and Down which is what the clever blokes that are calling the shots will be looking at. All look good to me, but then again I am hugely biased being overly invested, and certainly not one of the clever blokes that are calling the shots during hook up.
David, Jog's Verbier Dry Well was a Wildcat with a 30%COS as was the Sidetrack5 which showed minimum of 25 million barrels recoverable, (80% will go to Eqinor for funding the one drill) - they are going back mid year to appraise the well with Equinor calling the shots.
Hurricane on the other hand have IMO potentially 10 Billion Barrels recoverable (25% will go to Spirit Energy), the first 2 wells that are being connected to the FPSO this weekend have already flowed (27mbd combined and constrained by surface equipment). Then we have another 3 wells on the GWA fully funded by Spirit Energy (prep work ongoing with first Spud date mid- Feb). We should also see FOil by the end of Feb if the hookup Sat goes ok.
So IMO, Hur and Jog are incomparable, although there will be money to be made again in Jog in the run up to the Vervier appraisal Spud Q2 if you play and call it right
All IMO.
Shhh - welcome back.
Looks like DNO just trying to put the boot in by suggesting that the fields are "maturing and declining" - I think that minday we shall see a second offer, which is unlikely to be enough.
Workover, I think you are spot on with the post. I wrote on here a while back that I thought around £1.90 would be sufficient to gain control. I think after the 2 RNS's, that we are now looking North of £2.00 and then some, particularly if OPEC+ olay their part and agree cuts this week.
DNO would also surely have been aware that talks were ongoing with Statoil when they put in the low-ball offer, maybe not.
I think that DNO will come back early next week with an increased offer, they have 2 weeks now or face a 6 month standstill under the Put up or Shut up and P-off rule. Hopefully they do the later.
Any idea what sort of mooring sytem the Adolo uses , buoy , spead, turret ect ? , to actually see if there is any comparisons that can be drawn to the Bluewater owned Aoka Mizu FPSO, also how many wells were tied back, was there water or gas injection etc - I cannot get on to the Operators site (BW Offshore) nor am I familiar with them, any of their vessels or this project in Gabon.
DonJam, anything is possible and I hope your preduction comes true, as will a few other genuine posters on here.
Me, I see FOil production hopefully Feb 19, and will be looking for over a quid, but apart from maybe an opportunity to trade or topslice, he real value will only be realised if and when the flow results and data comfirm Hurricane's (somewhat conservative ,IMO) assumptions. That and positive news from the Warwick exploration drill would be needed to see us North of 2 quid.
And FWIW, if we get that, the POO plays its part, then I think that even Crystal Ambers estimated valuation of £17billion+ (which was excluding Halifax) could be conservative.
Ramp over, and all IMO.
As previously mentioned my investment weighing is totally my decision, if others think that that is not an intelligent decision then that really doesn't bother me.
WW, IMO, there is enough info out there, for me anyway, some that the Company have paid for and some not - investors, whether they are PIs like ourselves or large IIs and funds like Spirit/CA etc need to plough through it and make our own minds up on whether to invest ir not. I have also talked in person to some well respected Subsea Engineers, techies and fairly high level management from Major Oil Companies (real people with up-to-date knowledge of the location, project or similar projects), Technip Engineers that are on the project, and some management that previously worked on the AM - all have differing views and thought on the chances or levels of success that Hurricane will have, in fact the only thing that they agree on is that if it does work as guided then it will be a game changer for the whole UK Oil industry. That is where I am, I think that I am fully understand the real residual risk, potential upside and downside- and that is the info that I will use to make my decisions on when to buy and sell. (although any reports of flaring from the driller or FPSO may also sway he decision??).
I really do not or want to get involved or even read what looks set to be another weekend of gutter sniping and point scoring on this board, although I will say that there are quite a few poster that I had good Com's with offline and that I held in quite high esteem that are either showing thier true colours or have sunk to the same level as what you see acoss at UKOG, Sound and other boards. (fleas/dogs etc spring to miind).
Have a good weekend all, stay safe.
DNO only have less than 3 wèeks to "Put up or Shut Up" or face a 6 months Standstill, unless any extention is agreed with the FPM board which is highly unlikely in Hotile T/O. I think that that there is a strong possibility that next week we will see an improved offer or at least one more would-be aquirer may emerge. Cannot really tell from the 8.3 and 8.5's but I think the II's will want more and have little doubt that the BoD will have already been in touch and will have a pretty comprehensive defence documemt and plan in place given that this Hostile Takover attempt by DNO was fully expected.
190p would be nearer the mark IMO but you never know.
Hey Boyzee, appreciate your view, but because I now have nearly 75% of my portfolio in Hurricane, I am keeping my fingers crossed that your predictions for the market do no start being correct ??.
To anyone else that wants to lecture me about being overweight in one stock, recommending that I de-risk etc, please do not bother because it is totally my decision, not taken lightly, but one that I am more than happy with. If in a couple of years I have banked a couple of quid a share then it will have been the correct decision, if it doesnt work then obviously it will have been the wrong decision - but either way it is my decision and I will not seek to blame or thank any posters here. I am also more than happy with my lifestyle , fortunate with my health, and thankfull for having some great friends and family - Hurricane SP in a years time is not going to change any of those those.
Possibly not up to NigWit' offering earlier today, but here goes;
Twas a week before Christmas on our FPSO
The Buoy had been hooked up, and all system go
With leak testing on-going, and the DeckCrew in Bed
Everythings primed for production in Feb'
In Volcanoless valleys, in a lovely Welsh town.
Lived our Welsh Wizard Taffy, who was feeling quite down.
He bought hollow Echo, sold Hurricane Gold.
Now the tipple's Lambrusco, in the Wizards household.
Then our resident Froggies, in Ak and Snail.
Some say Ak's long-winded and fond of a tale.
Mire chilled is Escagot, but both are fine fellows.
But once Brexit kicks in they'll be first to the gallows.
And what about Sipp, a bit of a mover.
He's not really in Asia, he is deep undercover.
He sneaked on the boat, as it left Dubai Docks.
With his Camera, lenses and bright white reeboks.
And boyzees most happy with his bollingen Band.
Or a visit to Gregs, Pie or Pasty in hand.
But when Boyzee says blue, the SP goes down.
Perhaps the brains pickled, too much Newcastle-Brown?
Lets not forget Ricfle, when he comes out his Lair.
Some have grown to like him, and so has his carer.
He's a grumpy old sod, who likes a good moan.
And he'll answer your question, with four of his own.
And there' Wellwell and Water, Biffa and Brexit.
JK on UKOG, JoeBass and NigWit.
We may not all get on, for most of the year.
But good Health, Wealth and Happiness to all and good Cheer.
Taxi, I will get my coat caus them souds wont peel themselves.
Ps - The spelling mistakes on the quote were my own 😊, the rest was lifted directly from the forecast. Haha
Ps - The spelling mistakes on the quote were my own 😊, the rest was lifted directly from the forecast. Haha
Flagship spot on. Those are the 2 sites that Hur/BW/TNip etc will be using. Neither will predict wave height that far ahead. FWIW the 10 day outlook from WNI amsterdam says " High presure extending from SE Greenland ti the SE over Iceland is expected to Strengthen and mive SE. Complex low pressures are active W of the British Iles, approaching Scotland later this week. This results in SE'ly breezes increasing to gale force, later becoming W'ly"
That is as detailed as what either of the official Forecasters will give. For interest only (or not as the case may be) WNI is showing Sig wave height of 6m andMax wave height of 10m on Wed 28th (sinilar swell height) reducing to below 3m again on Monday 03rd Dec (which is as far ahead as it shows).
Hi Guys, I used to be invested here but sold a while back so I am not really up to speed as some obviously are but keep an eye on the SP here for any buying op'.
Unlike some here, I am fully aware that the CoS on those sort of plays is 20-30% ay best so it should not be a huge surprise that Te9 never came in - so why the big drop in SP????. I do have a concern about the GSA delay and if the figure is too low (doubtfull as Morocco need the investment) will it even be worth spudding the next 2 wells. And what or how much of the 160million MC is underpinned by current assetts against the chances of Te10 & 11 beind dusters and/or has the possibilty of not hitting on the next two drills already priced in. Like I say, I am not invested here so just trying to value the Company against the risk of further dusters against the absolutely huge potential if they get it right with the drill bit and sort out the selling price. Cheers and good luck
WW, I wouldnt disagree with your post at 1659hrs although I think that the WNI forecast which you will have sight off are pretty accurate, and unless I am mistaken then over the last few weeks there have been several weather windows that would have been ideal if the big boat had been ready. In fact the weather between now and Tuesday is ideal (Wind below 25kts both Mean and Gusting. Sig wave height <2m ESE 4-6/Sec. Swell <1.5m ESE/ENE 8-11/Sec.
The 10day outlook isn't great forecasting strong to near gale but should hopefully have passed by the time Hur are ready to leave Rotterdam.
So if all goes well then Mid Dec hookup is very possible which would mean, IMO, that we could optimistically see First Oul
production around valentines day.
If the AM gets her skates on then there is a weather window Mon-Fri this week which is suitable for the hook up 😕😕😕😕😕
Sipp, I think you may be correct. Any weakness in the Oil Price and we could well test 35p again. Such is life ;-)
Not surprising though with the ammount of Risk remaining leading up to First Oil (hopefully next year sometime). ;-)
Sipp, I think you may be correct. Any weakness in the Oil Price and we could well test 35p again. Such is life ;-)