Member Info for Cebo456

JayKay, "This could mean that the CBs are spread far and wide" - I think it could also mean that the CBs are very close to home, with Hurricane or indeed their major shareholder fully aware of when they will be converted. And I believe that some suitors will be able to build up to a 5% stake before they need to notify, not all need to declare above the 3%. IMO

Ak - how do you know that.

Maybe they are taking the bouy across to asweden for a jolly before dropping it off at Lancaster later in the year ;'-) ;-) :-'))))))

Schiemiel, if you are trading on what you are reading on those boards without fully checking it out with your own research then the only person mugging you off is yourself. Also the buys and sells were very much to pot on here today and quite a few trades going through not using the London Stock Exchage (so will not show here on on most brokers sites). Personaly I never looked at the article as most of it is old news - tbut the Guyana CPR is due shortly, and knowledgable investors are hoping for 1 bn+ barrels ROIP. Facts. Malcy GW is hugely positive FWIW, and as IJWT says - positive drill results by Tullow or Char in Namibia will potentially derisk our future drills in Namibia and may reflect on the share price and the decision on when and where Eco and partners drill in Namibia. Also news on Total Farming in to Guyana and plans for a Eco/Tullow/Total drill in Guyana may be forthcoming in the not too distant future. All IMO but do your own research and make your own invetnent decisions. - oh and good luck.

Oct is ok for me. We should see the herd arriving a few weeks prior to the Spud date - a bit of patience required - the oil has been there for millions of years so a few more months aint going to make a difference. Plus I have a little bit of cash in Eco which will be pushed here nearer the time, so hoping for a result across there in the next couple of weeks.. That said, we could see news of a small aquisition anytime soon so waiting till nearer the spud date to top up is a gamble.

If anyone is that concerned or interested with what RB/CA is doing then I suggest that they drop him an email or give him a bell. I think you will be surprised at how approachable he is, rather than the picture some people paint him on thise boards.

Ak, i am fully aware that they are widely used, who isn't. I do however think that BP and partners will be very interested in what works on FB WoS as i believe that the Claire Ridge has similar FB plays, i also think that a lot of the IP on FB, hopefully fully owned by Hurricane will also be of interest to BP et al. . For whatever reason, you think thatt BP and partners won't be interested,, I find that strange but accept thats you opinion,. CBo

IMO AK - Most of the checks will be done before the ESP are deployed or can be done without flowing I suspect. WW - No conundrum/CBA, I think that the OGA would insist that the work was done despite costs and reserves would dictate it was done anyway. Anyway it is obvious that no one here really has a clue about the Duel-Pod Pumps so we are at best guessing (myself included) - BP do not use them WoS,,in fact they do not use any ESPs on any of the wells WoS (all gas or water lift) - so pretty sure they will be watching with interest - particularly for thier Fractured Basement plays on the Clair Ridge. I am fully aware what was said at the AGM about fllowing of the wells back to the driller but have not fullly ruled out someone on the Solan, DSA etc catching sight of a bit of flaring on the PBLJ over the next few weeks. All IMO

Sipp, in that caee, may I politely sugest you get your SuperDuper camera and spotless trainers on the next flight to Sumburgh or Scatsta - It may be the last chance to get the Buoy before she goes WoS, and no chance of getting a photo of it on location, or is there?????? Haha. Just be careful as I hear that AS is in Lerwick, covertly dug in and ready to pounce on anyone with a camera that may spill the beans on those boards. Take care CBo

WM, not saying that it is lliekly but it is possible IMO to pull the risers and umbilicals once the Bouy is attached to the FPSO as they would in most FPSOs that do not have a detachable buoy.. Just to clarify, though - I am not suggesting that they can attach the mooring chains after the Buoy is attched to the FPSO. :--)

Yep, offoading reel. Last time I looked at the photos, the black offloading hose (which goes out and attaches to the tanker for unloading) was uncoiled on the deck. Hopefully this has all be tested and is now coiled on the reel ready for tanker and offoading trials, probably scheduled for a few weeks before FOil.

Sxx, Edisons will always be conservative, EPS only focused, conservative on POO, pepessimistic on costs etc. As other have already said, DSPP has had a good a go as I have seen at modelling potential value and his projections are worth having a look at. But IMO whoever ends up buying Hurricane or the Hurricane's assetts, will not be using the same resource classification (1-3P/C P90-P10) - so projecting any real figure on potential value is near impossible. Also some very knowledgable sources believe, that there may end up being a lot more recoverable OIP than what the CPR says - if this turns out to be the case and potential suitors agree, then DSPPs projections could also end up looking extremely conservative. Now although I think that it will be be BP or a BP led consortium that ends up with Lanfax and Linwick, I suspect that our chinese conections on the board will be giving SINOPEC, CNPC, Petrochina etc, the same level of access to data as what BP etc are recieving. All IMO

Sxx, thats a much harder question. :-) I personally think that the SP will hit a new all time high before FOil, maybe even 80-90p, others will think this is mad or not possible and thats ok, - it is my opinion and I see no reason why not, particularly if the POO stays in the 70-75 range, no EPS overspend and Hurricane manage to produce this year. Only time will tell.

WW, i agree - IMO and from the pictures of the pules/chains etc that have been banded around other media, it looks like they are not that far away from being ablle to anchor the buoy when it arrives, and can then pull the risers and umbilicals at a later date, possibly even after the Bouy was attached to the FPSO if required.

SXX, the plan was always for the Buoy to go direct to Lerwick. The FPSO will stop off in Rotterdam for a couple of weeks, not the Buoy. Sea trials IMO will only take a week or two at the very most after which they may return to dock in Dubai for a period of time or they may start their journey back to UK waters straight from the sea trials.

SXX, the plan was always for the Buoy to go direct to Lerwick. The FPSO will stop off in Rotterdam for a couple of weeks, not the Buoy. Sea trials IMO will only take a week or two at the very most after which they may return to dock or may start their journey back to UK waters.

Gil said in an interview that the CPR would be released the first week Jun, and then changed it to mid June in the same interview - so any time. now. Remember that PGS, Total and Tullow will all be doing their own undependent interpretaion of the 3D. Are Total waiting for the CPR which has been commisioned before they announce the Guyana Farmin? , or have all 3 just about agreed on targets, costs and a timeline for the drills in Guyana? - lets hope so. That said we could have news tegarding Namibia any time soon, although I think that the partners may want to see the results from Tulliws drill before anything is rubber stamped and agreed in Guyana.

Although Oct would also be ok with myself as I have 2 other shares which I hope will rise substantially in the near future which will allow me to invest at those low levels before the herd arrive. GLA

Agree, a lot of guesswork here and people making up their own timelines, which is ok, but please do not present them as when they are opinions at best. What we do know as fact is that the rig is employed currently doing a planned sidetrack job that will take "minimum of 4 weeks". After which she will be contracted to Equinor (Stat) for the first of the 4 wells (Verbier being the second of 4). The rest is guesswork. Also - Not sure why some are saying 2-3weeks to mobilise between jobs (the West Phoenix could pull anchors, move,, lay anchors in a week or so, weather permitting IMO. There is also nothing that I can see to indicate that the first drill for Stat will take 80days, or anywhere near that. So on that basis, then we could still see Verbier apprasal drill (not exploration as some have stated) starting mid to late Aug. Also someone stated "£3-£4 SP estimated if the appraisal comes back with the top end ROIP estimates in Verbier" - IMO you can double that and then some, because that means that the discovery will be developed by Equinor, and further appraisl on other areas of interest, including Meribel and Cortina will be drilled 2019 also IMO only.

Nomad, I see Namibia being possibly as big as Guyana, and Guyana could itself be a gamechanger. Guyana - I now think that we are very close to seeing the CPR released for Guyana, along with news on Tatals Farm in, hopefully both this month. If the CPR comes back with 1-2 billion barrels ROIP as hoped then this will move and should be followed up by Gil telling us that they plan to drill Q12018 - this year would be nice but Q1 but a bit tight. In Namibia, I think that we will be waiting on the results from Tullow drilling their own acerage and Chariot spudding their well, before we see Eco/Tullow anounce the drilling campaign. - discoveries by Tullow or Chariot (using the same rig I believe but tbc) would hugely derisk ECOs 4 licences in Walvis Bay, likewise if Exon drill there this year. In fact once Walvis bay is a proben oil play, Eco will be hard pushed to hold on to their licenses when the majors come sniffing. I continue to build at those levels and await the news on both fronts which could be released soon. Eco have enough cash to fund their share (15% after Total Farmin) of 3-4 drills in Guyana and will be carried for the majority of their Namibia plays. Whats not to like. CBo