Member Info for crumpet

Thanks, that's a totally believable scenario.

This strikes me as odd to announce they're for sale. ... excuse the dumb question but is this common?

Nice prediction mate.... now then, when do we bail?

I hope that crystal isn't upside down.

Lord Lucan is the secret seller ! ?

They need a nice oil discovery - seemingly the market wasn't too enamored with the WK1 discovery.

I'm still scratching my head on this one, seems to have bottomed out at 100p, ie a good price, but I can't imagine what good news is on the horizon.

I guess you're right Wobbs they all gloss things up. 16000bopd is good news for the SP Steptoe. A few more RNS with increased production numbers can only be good news for the SP. Disappointed there was no news on C platform - that would really have given the stock a boost. Did anyone find out what contingent reserves means?

I guess you're right Wobbs they all gloss things up. 16000bopd is good news for the SP Steptoe. A few more RNS with increased production numbers can only be good news for the SP. Disappointed there was no news on C platform - that would really have given the stock a boost.

What's a contingent resource? Love the statement "last 7 days production averaged 16,200" .... they must've cranked open the all wells just for the report LOL. No mention of the C platform. Sorry for the pessimism, this report didn't tickle any bells with me..

Thanks Wobbs, I didn't see that RNS. Let's hope for some good news.

How do everyone know the results will be posted on Thursday?

love your optimism Guiseppe. Annual results should be out soon, could be depressing news. Last years annual result press release (which was very positive) resulted with about a 10% SP increase followed by decline to the present day.

I wish coring could shed some light on WK1 rather than gossip on a minion reservoir hand. I really expected the SP to rebound on the resumption of production.

Where did you get that news from? Maybe the reservoir engineer was piloting the FPSO when it collided with the producing riser. :-)

there is a partner (Saka Energi) involved with WK1 - and if there prospects were poor, Saka would have pulled the plug a long time ago. I'm being optimistic in thinking that secondary target gave them a nice surprise but also a whole load of operational delays.

Delays in exploration wells are very common - looking on the bright side, no news is better that early news of a duster. The announcement of resumption of Bualuang production was such an anti climax, obviously things aren't going to plan.

6 weeks deferred production, about 500,000 barrels. I wonder if there's any consequence with their customer? Another worry is the downhole equipment, how will that fare with such a lengthy shut down. Wobbs' crystal ball could be spot on with an epic fall.

Hi Specul8..... Is that kind of scenario against the law?

With their lack of exploration success who in their right mind would even consider taking them over ?!! I wonder if the interruption in production will incur any financial penalties with their customer.