Member Info for chilting

avacet123
SXX is spoon feeding its investors information - most companies don't tell you what's going on for months on end and then it is usually bad news. PR here is excellent.

They have said that more Torp's are close to agreement - be patient all is going very well !!!

Excellent news and even more positive on stage 2

Chris Fraser, Managing Director and CEO of Sirius, comments:
"We are pleased to enter into this arrangement which reduces the complexity of our construction programme and ultimately helps to simplify our stage two financing plan which is being finalised over the coming months.

Oceania is currently just of the Norwegian coast, she is travelling at a blistering 4.8 knots - around 5.5 miles per hour.

ETA at Kraken is first thing Tuesday morning - the weather is set fine.

The posters on the Bumi Armada Investor.com board in Malaysia also seem resigned to accepting a long wait.

They were told Q2 2018 but their believe just wasn't there and most of them seem to have little faith in Bumi.

They also accept that oil companies have little incentive actually to accept full commissioning and that it is a process without a time limit.

This is a taste of their current mood from regular poster mikekim

mikekim Lol more and more investors are getting fed up with Armada.

1 week passed since Q2 deadline for kraken final acceptance.
As usual, management remains silent with no updates on project developments.

The most frequent update seems to be how they are rewarding themselves:

"OFFER AND GRANT OF ORDINARY SHARES OF BUMI ARMADA BERHAD UNDER COMPANY'S MANAGEMENT INCENTIVE PLAN"

"SHAREHOLDERS' AUTHORITY FOR THE PROPOSED OFFER AND GRANT OF ORDINARY SHARES UNDER THE COMPANY'S MANAGEMENT INCENTIVE PLAN TO THE EXECUTIVE DIRECTOR OF BUMI ARMADA"

Why does management keep getting millions and millions of free shares when kraken's final acceptance keeps getting delayed, and their OSV utilization keeps going down?

I offer him my full sympathy !!!

Best not to over analyse a day like this - simply down to POO falling in a very thin market.

Simply the algo bots trading in a very thin market.

The bots [traders] have gone on holiday and left their computer programs running for electronic trading.

The 167 men who died in the Piper Alpha disaster 30 years ago will be remembered when all their names are read out at a special service this evening in Aberdeen.
The platform exploded on 6 July 1988. There were 61 survivors.

https://www.bbc.co.uk/news/uk-scotland-north-east-orkney-shetland-44725320

Hello Indy

Never say never, remember AK still has to be finally commissioned and there are more wells to come on line early next year but I guess we can agree to disagree with one another.

One thing that we all may agree is rather amusing is this - totally of topic.

https://www.bbc.co.uk/news/uk-england-london-44732754

I have just been reading through the comments on the Bumi Armada board.

There is some interesting speculation of Kraken's final acceptance - one comment even suggests that ENQ could remove Bumi as FPSO operator and buy AK at cost !!!

Its an interesting read from a different perspective - scroll to the bottom for the latest posts.

http://klse.i3investor.com/servlets/stk/5210.jsp

Oceania has just started bunkering - so I guess that rules out an early departure.

Thank you Auson

It will need to be close to 600k if we have to wait that long - I am not impressed !!!

I guess 5am on the 10th is from the access only info here ???

https://www.marinetraffic.com/en/ais/details/ports/24096/United_Kingdom_port:KRAKEN_FIELD/_:d2008b107ff7aea4d27a6a65dc17cf0a

Hello MO

its usually a good sign when the destination appears before departure so let hope Oceania moves off at speed later this evening.

Hello 121

Great news !!!!!

It is Navion Oceania - no ETA yet

Trump's influence on higher oil prices is rapidly turning from toxic to positive.

The way he is turning on the Iranians could I think even create supply shortfall.

It was hardy surprising that we lost a lot of our gains today, the way POO reacted to the EIA data. The good news is that Brent has bounced back and the premium to WTI is now back almost to $5.

Hopefully tomorrow we can have another positive day and get on to our first target of breaching the years false dawn highs.

Thank you for the heads up on the EIA data Jan - I would have missed that !!!

Its a slight net draw Jan - Gasoline is 1505k draw.

No candidate yet.

Navion Hispania is out the running.

Navion Oceania is still moored off Skagen, Denmark but sometimes tankers can be in this anchorage for prolonged periods.

Grena Knutsen is moving but with no destination as yet.

Heather Knutsen is in Rotterdam waiting for a berth to unload.

Amunsden Spirit is still moored off Hull.

We wait !!

The real game changer is that we have a much better performing Enquest allied to a much more stable outlook for POO - even Barclays have Brent on $80 for 2019/20.

This has to be a excellent long term hold - now every year, every month, every day, every hour, every minute, every second Enquest's debt is reducing and as that hits the bottom line the SP will rise !!!!

A major policy change - not just us.

They have Brent on $80 for 2019/20.