Member Info for Cebo456

Boyzee I would say - they are not fully convinced (yet) and Hurricane seem to want top dollar and rightly so. Someone earlier mentioned between €5-€10 dollars per barrel after drilling and all proven up - possible if POO holds or continues to rise. IMO I also think that there are few here (if they have done there homework) that do not believe that between 5 and 10 billion barrels of recoverable oil is at least a possibilty if all goes to plan. This could be absoltely bloody massive a huge gamechanger for both PIs and the UK Economy. There, yearly ramp over, have a good weekend all.

Boyzee, BP or any of the other majors cannot touch this until they are 100% sure that it is the real deal, as we are talking about a valuation of $billions, not $millions, plus probably between 5-10 billiion for FFD, so they will not take a punt on perhaps a 70-80% chance of success. Fund managers also cannot take the risk, or cannot buy AIM companies as you know, and the Hurricane story is not widely known (yet), even within the oil industry (apart, from pehaps, at boardroom levels). Let this play out, if the EPS works, and the Company manage to rebuff any offers, prove up the rest of the assetts, then we are talking about many multiples of todays SP - IMO

Boyzee, I had thought about .5p and back out when the rampers take it back to .7p, or maybe not. Long term it looks like a dead dog but may be money to be made along the way - or I may be sensible and stay well clear - lets see what happens Monday.

What you looking at here for the raise - 0.5,p, 0.6p, 0.8p ? And now the news has been leaked, will SS even get the raise away at all. Good luck here, not invested but may nip in for a gamble on the bounce depending on how low it goes next week.

Jk -Lerwick June 14th 0800hrs

Thats positive, shorter sail although slightly longer in Rotterdam if going through the Suez which looks likely. The window for the FPSO leaving and arriving have Q3 as a possibilty - I suspect that this is because sea trials are imminent, if they go well she will be on her way, if they throw up any issues then they have till the end Q3 on there timeline. But the most telling bit was when the chairman said that the crew were living in board - I very much foubt that she there would be anyone living in board if there was any major jobs left, certainly hotwirk etc. It also suggests that all safety critical systems and HVAC etc are fully signed off - I would not be surprised to see her on Sea Trials this month or early July.

Boyzee, 2018 FOil priced in - behave yerself min. Maybe once we see the wells both flaring (in the next few weeks) followed by the FPSO moving from Dubai (hopefully next month) will most people believe that FOil this year is achievable and the SP start to reflect the possiblity. IMO

Dickum, I am hearing that all maint' completed and fully operational ahead if schedule and that she is going to do a quick side track (approx 3 weeks) for Hisbiscus befor going directly on hire to Staoil for their summer campaign (which includes Verbier). Looks like mid Aug ish is a good bet to Spud Verbier.

Sorry about the spelling, small phone, fat fingers and thicker than a whale omelette.

600k capacity, 20 days to fil at 30mbdl, probably abot 12hrs to unload. But she wont consistently produce 30k a day and they will not fill her to capacity before planned offload so not sure how usefuk this knowledge is. Productiin doesnt half cor offload, choppers or to work the supply boats.

Jk, correct, if Hur can achieve 30mbd then they will because they will want to see/test/prove each well. The only thing that may prevent them doing this over an extended period is the Permits' limitations (not the equipment), but as this is averaged over a year then there is no issues with ramping the wells up to see what they can produce over a shorter period (formation damage aside). Anyway until we start producing and the GOR ratio is known then all else is speculation. OMO. I also cannot get to hung up on how much of the oil is 2c/2p etc. To make money we need the big boys to come in - they will have the bishbosh to get the oil out, will value and catergorise the OIP differently, will work on a realistic RF, not RPS's slightly, (imo), conservative estimates. So until FOil, or realistically 3-6 months after FOil, all this talk is at best interesting speculation.

Haha It should read 12milliin, not billiion from Total although I hope they do not take up this option. Anyway Pijoe, you old chancer - are you lost and ended up across here by chance, or because of the huge potential. Lets see what the CPR comes up with later this month and then take it from there. Also Pijama boy, have a badgers at Jog, they are maybe worth a look on the lead up to drilling as it will also move fast once the herd arrive. Good BoD, fully funded, In bed with Statoil or whatever they changed their name to and cash in bank as well. Hurricane, Eco and Jog have all got the potential to bag this year - in that order - IMO.

Topped up with another 3224 shares at 229.5. Those will be hard to buy when the herd start to arrive.

If you look at Babcocks Helicopter schedule on their Website, it looks like a possible upman. Flight to the West Phienix yesterday, today (if the fog clears) and Monday and Tuesday next week. - She could be on her way to the first drill of four sooner than we thought. Happy days.

After Exons success and the fact that guany is now a proven basin with huge disciverie, and the recent excellent siesmic would suggest a lot higher CoS number IMO for Guyana

We should see the CPR within the next 3 weeks according to the CEO (start of June , corrected himself to mid June. If this coincides with a Total Farm in then things could go a bit daft here with SP breaking 100p easily. And anthing close to 2billion barrels (300 million barrels worth to Eco) would see us at 200p for Guyana alone (1.5$ per barrel) - then Namibia, carried wells and enough cash to fund a coule more + another $12 billion coming from Total. Happy times ahead here. GLA holders, investors and ECO traders.

Bartle, how interesting and relevent, thanks and pray keep posting. I for one look forward to mre about Zeus and Co.

This is old news and most of it is easy fixes. Basically, if memory serves me correctly, PSA (Noways Regulator) served their equivalent to an advisory / improvement notice to the rig owners (NADL) earlier this year. - basically they will have to make changes in some procedures, maintenance schedules, and some operational deficiencies that were highlighted during the visit. I believe that NADL put a plan in place and will hopefully been well on their way to working through it. This was all before Statoil signed the 4 we'll contract so they would be satisfied that there was no longer term issues which would result in delays. Those panicking about this dropping a few percent really need to invest in a different sector - because whether the SP drops to �1.60 or raises to �3.00 before the drill it matters not - what will matter is the results of the Verbier appraisal later on this year, because that could cause the SP to drop back to 50p, or rise to �10. My bet/hope is that in 6 months, the SP will be several multiples of where it is now.

A big blue ship.

Anchors fully deployed now and Anchor Handling Op's fully completed at 0330hrs. Well done the PBLJ crew, Tow master and support Vessels and their crews.