Member Info for chilting

Natalina has just started to sail into Scapa Flo with her tugs, a tug is also with Southport, so it looks like the transfer will start this afternoon. Lets hope Southport does leave Scapa Flo fully laden !!!

Scapa Flo is very busy today and the tugs are otherwise engaged so Natalina is going to have to wait outside for a while.

So I guess AK has been pumping at around 40k per day since the maintenance shutdown and Britannia only managed around 200k from her last load were she clearly had big issues. However after the shutdown production probably only slowly ramped up so the true figure could be closer to the anticipated 50k that ENQ are aiming for in H1 2018 !!!!

Its always possible that Natalita will just take enough to fulfil the Southport order and then come back to AK for more after offloading. The orders for the US all seem to be about 550 - 600k.

Natalita is expected at Scapa Flo at 08.00 tomorrow for her transfer to Southport [confirmed by location]. Southport is scheduled to depart at 8.00 on Monday morning. So I guess they are only going for a top up load ???

Just to clarify that is 4am British summer time.

Going on the past track hook up was around 3am.

Just 0.7nm away now but it looks like they are waiting for first light tomorrow for the actual hook up.

Hello Matrix Yes, Natalita is around 12 nm away so with the slow down as she approaches AK I reckon hook up will be around 21.00 tonight. The weather is very settled - almost a flat calm for the North Sea.

Final results are due any day now - they should give clarity re cash position for 2018 and beyond.

Natalita is making good progress and is now off the coast of northern Scotland - expected ETA at Kraken is still 19.00 tonight.

The market is difficult to please but the fundamentals have completely changed for ENQ now. Last years bad news and high capital expenditure are behind us and if POO carries on performing well by the fourth quarter ENQ will be well on the way to reducing its debt pile. We may have to wait until the autumn for the real benefit to the SP to show but it will !!!

Now on her way to the Gulf - Fujairah in the UAE to be precise. Maybe she is still operational after all ???

It looks like we have now bounced off the bottom ??? Have just averaged down - always a gamble but justified, I think, as this is such a long term hold.

The problem is the delay to commercialisation and a few investors are getting fed up and selling, but in actual fact the volume is very very low - most investors are simply waiting. But as you say it is difficult to see the bottom - hopefully one of the big investors like Woodford will start buying and then the SP will very quickly recover.

I guess investors are concerned about increased capital costs for the new factory and CWR maybe looking for more cash from shareholders. Sometimes, though you must look past the short term and consider the long term potential - this in my view hasn't changed and is still excellent !!!

Very positive and endorses the investment case for CWR in the long term. Big news is a new factory to ramp up production and the capital costs involved.

CWR are clearly going to need more cash from somewhere, so I guess the fall in the SP reflects concerns by some that it will be the shareholders who are asked to provide funds.

Not sure why - probably just fun and games before next Tuesday's results ??? The worst it can be is that CWR is after more cash from shareholders.

Hello cielo Yes, its all rather strange. I am an eternal optimist but this one leaves me cold.