Member Info for DiveCentre

senseman
"Maris has never denied (despite ample opportunity) stating to RB of CA that it was 'a no-brainer' to buy bonds at 30 odd cents in $"
RB claimed it was McTiernan who said this , not Maris.

The next offload should be around 23rd/24th provided production has remained as forecast, and subject to weather conditions.
In the last operational update they advised:
"the next cargo is anticipated to be lifted in late March 2022."

that's a well worn old one dickupham
For all the LTH's
https://www.youtube.com/watch?v=vjD3EVC1-zU

Some of the traders seem to have lost out today.
My heart bleeds.

Daltry
apologies for misspelling, accidental, no offence intended.

Dalty
If there is any truth in the now deleted post by PowerofNow RB disclosed that he is not buying more which can only mean that he does not want to precipitate an obligation under the takeover rules to make a bid.
Question:
If CA were to make a bid they would have to be in a position to fund it, and if so how would they fund it?

Closing price. Very happy

Alibi
If Adoulbeuk was still with us he would give you a knowledgeable answer.

My understanding is that it is not impossible but neither is it easy, and there is the question of cost so it may be easier just to drill another well in close proximity to the plugged well.

The OGA decided they wanted a commitment well to be drilled as a condition of the licence extension so unless this condition is dropped a rig could be hired to do the commitment well and unplug or drill a producer well. There is also the gas management factor as a pre-existing condition for Lincoln and Warwick is gas export via the WOS pipeline, although reinjection might be a possibility.
My understanding is that they have already purchased the sub sea infrastructure for the tie back.

silvernight

Barring the apocalypse I do not see a quick resolution to this war. It will drag on for many months, if not years. The Russians do not have sufficient troops to suppress partisan warfare and it will be far worse for them than Afghanistan. The only possibility of a rapid end is if Putin is deposed from within Russia and according to reports that seems unlikely. So, my personal opinion is that the oil prices will remain high and there will never be a better opportunity for the Company to do a deal.
The other thing to bare in mind is that if Russian oil is sanctioned the UK government will have to make North Sea oil and gas extraction a priority. The worst part of all this is the prospect of making a profit on the back of the misery death and destruction that is happening in Ukraine which makes me feel rather uncomfortable.

The absence of any comment by Maris speaks volumes.

I have held Admiral since 2013 and my holding has a book cost of £14 per share. They have always paid a special dividend and the dividend has always risen and the yield has always been 6% or more until last year when the sp shot up to £35. The return of capital has boosted recent dividends but do not be fooled into thinking that the special dividends will dry up. I fully expect them to continue and I have taken the opportunity to add to my holding at £25.29. I consider it to be a bargain price.

Brent is now closing in on $120. The really sad part is the reason for it.

On live charts Brent has peak at $110 and just fallen back to $109.6. Potentially $58m revenue from the next offload.

eurofil
You are talking crap.

easyp
I can’t predict were the sp will be in a weeks time.
More to the point is whether we will still be here in a weeks time

They are over a barrel. It's why I invest in Shell and not BP.

Centrica has reported profits more than doubling, driven by higher prices for its North Sea oil and gas business. In light of this bonanza will Centrica review it's decision to sell it’s stake in Spirit Energy?

daltry
In a months time there will be another offload which should produce in excess of $50m revenue and then in mid April the Company should provide their monthly operational and financial update. I will be very disappointed if that update does not mention the CB situation and give some hint as to a forward plan including the Bluewater contract.

Brent now at $96 according to livecharts:
http://www.livecharts.co.uk/MarketCharts/brent.php
Looking forward to the next offload and loadsamoney

Tomorrow when people realise NGR1616 hasn’t a ******* clue what he’s talking about.