Member Info for DaveWin

As weve just dropped another 4% for no apparent reason, i doubt we'll get to the end of the year at this rate.
We need some good news asap and not another begging bowl
Its about time they started delivering

Day 11

Tick tock, tick tock

Concentrate on this
DYOR
Eye on the bigger prize
We learnt a lot
That was never the main objective
In 12 months we'll have this result
And that
With this farm in
And that JV
Yet none of it will happen
So forget this
Concentrate on this instead
DYOR
Eyes on the bigger prize

Ramp-Rinse-Repeat

And im no troll either.
What I am is a LTH who us balls deep after being promised Brigette Bardot and ending up with Brian Bardot instead

RainbowRider your confidence is out of place. Based on all known realities and experience 'chill and be chilled' are the two least likely acts id associate with a lack of news after an expected window.
Im just waiting what the latest excuse is
Does anyone know if Zaza has a dog and if its eaten his homework?

This is one of a few shares in my portfolio which is delivering on the promises.
Dr.T I salute you, your stewardship and vision are set to deliver a great result for us all

And as far as we are aware, nothing has changed. No new programme update, no reshuffle, no cost cutting. Nothing. What has she implemented since taking up the reins? Anyone?

All the promise in the world but the BOD have so far delivered diddly squat as i sit here seeing my investment slowly dwindle. My confidence level @ lowest level since investing 3-4yrs ago
One set back after another and at the same time we are still getting sold the idea that there will be jam tomorrow. Im sick of waiting for tomorrow.....

Wheres the RNS then?...come on, we are waiting

If the results were good we'd know by now

This is.

A potentially game changing hydrocarbon reserve in UKOG and we are at the forefront of opening up this new frontier in UK oil production. No wonder all eyes are on Hurricane and we are right in the eye of it

What a godawful communications team we have, on top of the sales team and the marketing team, i just hope the catering team are up to scratch so that they can all throw another swan on the BBQ as shareholder value withers away to nothing

I remember many a lonely bridge watch passing through the Straits of Hormuz.
The Captain would leave night orders that he was to be called once a certain position was reached. The engine room were given 1hrs notice for standby conditions and we were fully manned up as we approached.
Many a vessel could be heard calling for assistance from the US Navy taskforce deployed in the region as small, fast craft approached from the Iranian side of the Strait.
Any vessel which caused concern was immediately challenged and identified by the military.
Iran can no more blockade the Straits of Hormuz than I can ensure Dr.T is given a Knighthood, so yes its another additional regional irritant but no way would the Saudi's or the US allow it to happen.
If Iran tried then with Trump in power they may find themselves up against a far more determined US President than in days gone by.

We need revenue info and fast

Although im always highly sceptical of sudden drops of around 10% for no reason.
Often, not always but often, i find its the MM's attemting a sneaky fall in order to trigger Stop/Losses.
Once done, the SP usually recovers.
I hope this is the case, that the MM's are stockpiling shares in anticipation of something positive being released.
Who knows?
It will all play out in due time, i just wish the BOD were a bit more forthcoming with some financial insights/contracts etc

How strong it is?

Based on the lack of official news, its on life support

To be honest Ken, from what I know of drydocks (done at least 20), theyll have a tally board somewhere on the dock wall with a countdown to sail away displayed. The team on board will be looking at the ever approaching date and thinking to themselves, "No chance" but its amazing how it all seems to come together in the last few days.
Bear in mind once sea trials are completed, and i dont know if they have to do a new inclining experiment to calculate the vessels new stability characteristics. It depends on the amount of steelwork removed/replaced/added so im not sure.
Theres many hurdles to cross before they leave drydock but they wont be fully operational 100% when they do leave as they have a good few weeks en route to sort out the teething problems and there will be lots, from anemometers wired in the wrong way around to small bore tubing connected to wrong kind of fittings.
These issues will become apparent even 2 years after leaving dock so dont expect a new FPSO when she leaves as it will be far from it.
Im hoping for leaving July/August which allows for a foo-foo factor of things going awry between then and now. Now point rushing it though if its not ready, as its far easier to fix it here than out on station

BNP, the marine team onboard any FPSO have to be fully qualified Marine Deck Officers. I Know. Im one. I also know some of the Marine team associated with AM. They are busy prepping for th voyage and sea watches are arranged.
The AM ks fully capable of making this passage and so it isnt 50/50 at all im afraid. Unless she experiences a breakdown of the Main engine en route, then itll come back to the UK under its own power.
The sea trials will be conducted once she leaves dock in Dubai once recertiification is carried out.
FMEA testing of all station keeping equipment incl DP redundancies will commence before hook up.
Thats my view and 25yrs in the offshore marine industry working on FPSO's as Bargemaster tells me this is what will happen here

BNP, the AM is able to proceed under her own power and has proven it when sailing back from Singapore to Europe under her own steam. Please explain why you think this time it would be different?
Especially as tows cost money, as do Tow Masters and other associated costs?

Theres no reason at all why the AM wont sail back to Europe under her own propulsion. When fitted out in Singapore for Bluewater she sailed back to Europe from Singapore under her own power and thats a lot further away.
(See 2nd photo down)
http://www.bluewater.com/fleet-operations/our-fpso-fleet/aoka-mizu/