Member Info for DiveCentre

Using the available information I have made an estimate of revenue from the last three offloads in order to assess the amount of the next DCU payment The figure I have calculated is $116,681,260 and this has been arrived at on the basis of Brent prices of $78 for the January offload, $82 for February and $84 for May.

The eventual DCU payment will be determined by the sterling dollar exchange rate in the period leading up to the payment date at the end of September but if it remains at the current rate of 1.27 the payment should be 0.00789p or thereabouts.

Correction:

April figure for oil should read 6.78, not 6.75.

The latest production figures are now out and for the second month in succession production has increased, 6.78 mb/d.

For comparison these are the last 6 months figures, mb/d, oil and water.

Nov 6.87 8.95

Dec 6.72 9.01

Jan 5.69 7.69

Feb 6.59 9.04

Mar 6.73 9.80

Apr 6.75 9.78

Also worth noting the water cut has gone down.

It suggests the recent offload was higher than the usual 530k.

Hi Lasedisc

Altera Wave has just in the last hour or so departed Lancaster en route to Rostock reporting a draught of 12.3.

Thanks Laserdisc.

With the higher than expected March production we have to be due an offload this next week. I'm thinking the 15th.

I’m sure most will know Final Results 23 are due shortly. Last years were published 24th May 2023.

Benitz will have to make some comment on the current state of play.

No.

Https://www.dividendmax.com/united-kingdom/london-stock-exchange/oil-and-gas-producers/diversified-energy-company-plc/dividends

We are told that a draft FDP has been submitted to the NSTA, and we have also been told to expect FDP approval in the second half of this year. NSTA approval of the FDP will trigger the remaining farmout payments from NEO and Serica so if they had any doubts about committing to a FID would they agree to submit the definitive FDP knowing that on approval they will have to pay up?

Serica are doing a presentation on Investor Meet today at 2.00pm. Might be worth viewing to see if there is any mention of Buchan and movement on the FDP.

Boka Atlantis, a diving support vessel has arrived at Western Isles which suggests the FPSO may soon be on its way to a port.

Brightsideoflife

In that case there is no doubt that you are entitled to the DCU payment. Speak to HSBC again and ask them to comfirm you are entitled and when you will receive payment. If they cannot give a satisfactory answer raise the matter as a formal complaint. You need to make a formal complaint so you can take it to the regulator should that become necessary. You might also ask HSBC if they intend to resolve the issue that has delayed payment so that it does not happen next time.

Onthe6

You presume to think what other holders will be happy with.

Not wise.

No I am not happy because there is no evidence to support your claim. If there is information in the public domain then you should be able to back up your claim with proof. Or is it just more false information?

"The 12.5p is not from HUR stand alone only but has some contribution from Prax buying some assets to use the tax losses which they will soon"

How soon Kever.? How soon is soon? I have asked many times but you still refuse to answer. Are you a man or a mouse? Stand up like a man and answer the question.

Hi Laserdisc

If they did offload in February I can see no reason for not taking the full load which I have estimated to be 330K and if correct then I estimate the next offload will be around 18th May.

Calculation:

Feb 3.4 days=22.406+ March @ say 6.52=202.12+ April @ say 6.45=193.5 makes a total of 418.026 and needs another 17.5 days @ say 6.38 to make the usual 530K load.

Futhermore if there was no offload then AM would now be holding around 560K well above the usual load and with no tanker in sight it all points to a February offload. Another week and it will be clear but I am expecting mid May for the next.

NSTA have today published February production, and after January’s blip the figure is 6.59 which corresponds with what you might expect from extrapolation.

These are the last four months figures (mb/d)

November oil 6.87 water 8.95

December oil 6.72 water 9.01

January oil 5.69 water 7.69

February oil 6.59 water 9.04

I doubt that the next payment in September will be 0.9p. At best I calculate around 0.8p-0.88p and at worst it could be 0.6p-0.66p. The uncertainty is due in part to the reduced production rate in January but also the question of whether there was an offload in February.

Laserdisc reported “Amundsen spirit moored at Am on 25th (February) at 19.48 unmoored on 26th at 14.34pm” I questioned whether there had been an offload because there was no reported increase in draught. Laserdisc suggested this might be due to ballast adjustment which may or may not be the case, but if there was infact an offload I calculate the maximum load at 330K given the production rate and timescale since the previous offload

So if there was an offload in February we will only get one more before end of June meaning that total production will be around 200K less than that to produce 0.9p. The only positive is the higher oil price hence my estimate of 0.8p-0.88p. However if there was no offload in February we should be due one about now but having reached the three month mark it is extremely unlikely there will be another before the end of June meaning revenue from two offloads only hence 0.6p-0.66p.

How soon Kever?

How soon Kever?