Member Info for Cebo456

WW, old chap, I must disagree there slightly, - although efficiencies on short term hire vessels may be difficult as you know, I am pretty sure that the weekly supply boats with water, diesel and stores will be shared between the FPSO on Lanc, and the Drilling Rigs and whatever structure/s eventually goes onto Linwick. Also to a lesser extent Standby Vessels and Chopper Flights ect will be shared along with other services required on both locations.
I also think that your comments on Halifax were a little bit naughty shall we say (even if they were not technically incorrect), given what we both know about the failed test, surely you still agree their is no reason why any future "tweaked" re-entry/DST should not flow oil to surface at the rates predicted by the company, obviously apart from the ussual risks when carrying out those Operations offshore.
Ceb

IJWT, spot on. If the CPR comes anywhere close to 2 Billion barrels then the SP should be well north of the 75p. Total farm-in will also send this North. CPR Sept according to the CEO so anytime. Huge potential here, fully funded, carried for miltiple drill in Namibia and Guyana - as Malcy would say, whats not to like. Ignore the 5-10% rises and falls on bo volume, when news hits and the word gets out then this could move fast. IMO

Zebo, I think its possible that it may drop into the 160's again, but I also believe we will be 250+ once the drill but is turning right (prior to news). So based on that it is neither a buy or a sell for me at the minute. That said there is still a chance that Jog may still have a small aquisition to tell us about before year end.
That said, If I didn"t think that there was slightly better short time opportunities to be had, I would contemplate going big and long here.
Again, this is by no means advice, and it could be and probably is completely wrong.
ATB

Dickum, I can tell you, from other investments, that SOTB is spot in and well connected regarding rig moves and not prone to guessing, like some on those boards. So IMO we have a delay till possibly Q2 2019, the oil will still be there, the cash burn is minimal and with the siesmic in place, they have an even better chance of hitting the sweet spot with the appraisal drill on Verb. The market will not like it short term and there will be excellent chances to buy in or top up at a lower price than even todays. IMO.
Remember no ine forces us to Buy, Sell or Hold.

Rev' I strongly object on the grounds that after choosing £1, I have now been ganged up on and boxes in, with Jim boy at 99p and another scoundrel coming in at £1.01p. Surely like the FPSO, I should be granted an exclusion zone (maybe not the 500, but I would settle for 5p). Not sure who is resposible for this conspiracy to restrict my chances although I have my suspicions - RB at 10-1, Sipp and his ruthless mob at 12-1, my own paranoia 15-1. I demand a written apology to this board from all of the above, with a reassurance that all pictures and predictions are openely debated on this forum before being submitted to your holy reverendship . :-).

Rev. £1.00 H4H please.

This will tick up, IMO, until Gill releases the CPR on Guyana (which will be this month), the retrace on news - Should the CPR conclude that their is 2Billion OIP recoverable. Then that alone, undrilled should be worth minimum of $150million alone to Jogs 15%. - this is before we include cash in bank, cash coming from Total and all Namibia.
The CEOs interview last week is worth listening to, particularly when he talks about the forthcoming CPR.

Adoubleuk, thanks for posting another cracking couple of pictures - the one of RT in his wet suit checking out the manifold WoS is spot on with the ROV and fish in the background, I am just not sure on the one that shows Mr Stobie sorting out the riser ESDVs issue on the FSPO - good bit of multitasking by big Al, but would rather he left that to the proffesionals . :-)

Oops sorry, wrong board.

Hi WellWell, not sure if Hurricane actually said how long they tested Lancaster but I can assure you (Mark 1 Eyeball) that it went on for quite an extended period. Certainly quite a few days at least. I may drop them an email later if I get the chance, no reason why we should not have that sort of info. IMO.

Haggis, please address the Lady as either Mrs Thatcher or Baroness Thatcher, god rest her sole.

Incoming - I will get my coat - see you all at FirstOil, this year or next .
Cebo

Just re read - fat fingers, small phone, sorrys.

This IJWT, i would certainly agree with that, all investors will have their own views on the risks going forwatd and are welcome to post here want to post here positive or not. Anyone reading their posts can then decide to ignore, research the point or not. I think that the odd spat is acceptable but this has turned into a pount scoring playground off bitter and twisted ild men.
As a couple of posters said earlier this week - this bb really has stopped being usefull at all, and that is the reason that quite a lot are not posting here regularly and are being replaced by posters who bring very little to the table.

IJWT, the tech for heated pipelines is already being used as is other tech and kit that would extend any tieback to the FPSO much further than what the CEO guided. I just do no see it happening, I think that once the concept is proven at Lancaster, smthen successful DSTs during the drills on Halifax, Lincoln and Warwick and will have some of the Majors reaching for the thier cheque books. IMO

Adoubleuk, a few years to get a deal together is maybe stretching it a little but like you say those things do take time. IMO the longer it takes a Major to get the cheque book out, the more appraisal wells can be paid for and completed, the higher the asking price will be Simples. Happy to wait another couple of years if that is what it takes.

Have I missed the RNS about any more NEDs being added yet? as it seems to have gone a little quiet in that from. No rush but I did think that we would have seen a couple by now, unless there is another reason for holding off with the appointments. Just asking.

Frequency of tankers will tell very little unless you know how many barrels has been unloaded, and even then any shutdown or reduced production could be as much to do with systems and equipment, as it has to do with well performance (which is what we want to really know). The production Techs, Mechy's, Marine team and all Management in the AM will know exactly how much is being produced for any given period so anyone with contacts in that field may get the heads up. (Off course it goes without saying that if they did know then it would be unwise to post that info on a public forum, or to trade using info not in the public domain).

Tinlode. Not sure if your post was for me or not. Anyway, i do not know, or really care which dock it is in. Besides if the dock is already flooded then the berth may be no more cost than any other dock. It could be to do with Crane availabilty, access anything. Not being a ship spotter so another serious question, do we even know if the Saggitarius is even anything to do with the AM or are we just throwing another name in the mix?

Wessex, how you know if that dry dock is dry? Serious question. Rgds

Biffa , let it gomate, as it is not solely directed at Hurricane, I just checked post history and he makes the same worthless contributions on quite a few other boards as well.

Casino is that correct - how very very interesting !!!!!!!!!!!