Member Info for chilting

It seems likely that the WHO will declare a world pandemic - this simply means that the outbreak is out of control in multiple countries - the markets seem to have reached this conclusion?

After that we just have to hope that as Spring temperatures rise the virus finds it more difficult to spread from person to person and infection rates naturally fall - in the same way as the flu virus.

WEny
You could say the same for North Sea oil at the moment - I guess we are all optimists waiting for the price of oil to rise.

Stena Don and her flotilla have arrived at Kraken.

PS is currently drifting in the Aberdeen anchorage and is due at Kraken at 23.00GMT tonight.

Sorry, I don't buy that Modestus - one goes bust, the asset passes on, maybe to one of the big boys who can exploit it when the oil price goes back up again.

The same thing applies in the North Sea.

The Stena Don flotilla is moving very slowly towards Kraken and will arrive at first light tomorrow if it maintains its current speed - 3.5 knots - 49 miles - 15 hours.

Peary Spirit is out of AIS contact at the moment - she was making good progress before she dipped out but maybe not showing urgency for a Monday hook-up - 10.5 knots average.

I guess we will see the rig deployed tomorrow followed by a hook-up on Tuesday.

Excellent Therapist, the last load completed on 13th February so if we get a hook up on Monday - when the weather improves - that would be 11 days - much better than anticipated after such poor weather.

The weather is now set fine for the week from Monday onwards.

The ETA for Peary Spirit has been miscalculated on Marine Traffic - it states 21st March.

No sign of a tanker yet although there are now several possibles - best is Karen Knutsen .

Also as steelwatch pointed out the Stena Don rig is on her way she is accompanied by two support vessels and a safety vessel - maybe another support vessel will join them - they usually work in threes.

I guess Stena Dons arrival could delay #60?

We wont need to move hydrogen around the country by road tanker in the future - it will be in our existing gas main network.

Tankers will only be needed for unconnected locations - like LPG today.

Yes, the forecast has now improved for next week with the waves below 4m for most of the week.

We could still have problems though because the shuttle tanker fleet is out of position and quite a few vessels still have to unload previous cargos or have been waiting for hook-ups at other fields.

Best option would be for a strategic partner to take a stake - failing that an accelerated book build to raise working capital.

Ceres has followed this route very successfully over the last couple of years with a mix of both.

The cost of both documents is $1,000.00 + tax.

Moody's issued two new documents on the 4th February relating to Enquest - both require paid access.

They are titled -
"Enquest PLC - update to credit analysis - Our credit view of Enquest PLC, reflecting the groups enhanced reserve base and production profile after the Magnus acquisition, as well as its ongoing deleveraging"
"Enquest PLC - Enquest LGD report"

The B2 rating - upgraded in November 2018 - hasn't been changed since these reports were issued.

The SP did rise on 4th Feb and has been generally positive since despite the problems with Brent.

Hopefully Teekay will get a tanker up to Kraken ASAP and just wait for a weather window but the weather has and continues to hamper their activities - I don't see any hook-ups in progress at the moment.

Its looking like load 50 could be problematic because of the weather.

12 days from load 59 takes us to next Tuesday without a weather window then for the rest of the week after that the forecast is marginal with Wednesday being the best option - fingers crossed.

Petroatlantic is still at Scapa Flo waiting for her hook up with North Sea - also delayed by the weather.

https://www.windfinder.com/forecast/viking_north_sea

Excellent report-

I think what we need to see now is strategic partners taking an equity share in Itaconix to boost the cash position and help fund R&D and commercialisation.

OK - you must all make your own decisions - I will sign off now.
Good luck
Peter

ffcmember
They may be worried but the implications to SM are not terminal - they can take the administration route probably with AAL.

The implications are terminal for the shareholders - wipe out.

You would just be voting no to loose all your money - sorry that doesn't make sense.

Investors maybe should stop thinking about CF and consider the implications of their vote to their own finances in a logical and unemotional way.

Can you really take the risk of loosing everything?

"Sirius has a large retail investor base previously estimated at about 85,000 shareholders, including many that live close to the project."

As the Times says - previously estimated - this was BEFORE the rights issue last May - it will be nothing like that now.

The next step!!!

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/ITM/14426775.html