Member Info for DiveCentre

Not necessarily. In the RNS on 13th December they said they were currently flowing the 6 well and would continue to do so on a stand alone basis. Nothing to suggest that 7z was not flowed during the period prior to the 13th.

Figures out today for December.
12.574 m bbl per day in line with guidance.
1.735% water cut.

FT headline:
Saudi Arabia seeks bigger oil cut as coronavirus slashes demand.
and in the article:
"The kingdom is asking producers including Russia to sign up to a collective production cut of an additional 1m barrels a day, according to five people familiar with the talks"

The Wilhelmshaven port authority first reported that Petroatlantic was due to arrive on the 21st from Lancaster with a 61mt load. That report appeared on the 13th February. To arrive at Wilhelshaven on the 21st they would have had to complete the offload on or before 19th February. If they realistically expected to have a 61mt load (459,600 BBL) by the 19th it is fairly reasonable to assume that on, or earlier than the 13th (when the port received notification of the expected load) the AM had onboard 348k BBL. Anything less than this and it would have been very unlikely they would be able to achieve the target load by the 19th.
OPEC meet on 5th March and OPEC+ on the 6th, and what are the chances they cut production to support poo
IMO HUR have retained a good proportion of their production for the next offload in expectation of a higher price.

PSC

Longwait
If you believe anything that TSD posts you need to see a doctor.

So now that we know Petroatlantic is offloading her Kraken load it will be interesting to see how soon she departs Scapa for the AM offload.

Petroatlantic and Navion Oveania are both carrying offloads. PA is showing a draught of 13.1m suggesting she is partially loaded and NO a draught of 15.3m indicating fully loaded.
The is still information stating that PA is due to arrive at a European port on the 28th from Lancaster, so I think we can disregard NO. The only problem is the EDT from Scapa is shown as 19.00 the 26th which really leaves insufficient time to make the short journey to Lancaster, complete the offload (1.5 days) and make the journey down the North Sea. So she will either have to leave Scapa on the 25th or at least very early on the 26th and if not the European arrival will be later than stated. The other question is will PA offload her Kraken cargo before she leaves for Lancaster. I do not know what remaining available capacity she has. She has not visited Flotta and there has been no ship to ship transfer. Luzon Spirit is due to arrive at Scapa tomorrow and now seems the most likely candidate for a ship to ship transfer. The weather throughout the week looks OK for offloading from the AM.

HUR have said that the 20k bopd is subject to facilities availability which is over 90%. I would imagine that is some where between 90% and 95% so if you take the mean, 92.5% you get average bopd of 18.5k. AM probably has about 450k onboard now.

Information suggests that Petroatlantic will do the next offload but she is currently carrying a load from Kraken. The fact that she is still at Scapa and has not offloaded at Ftotta suggests she may be waiting arrival of a tanker for a ship to ship transfer. SCF Provider has just arrived at Scapa and may be a candidate.

"Brent spiking at the moment."
Good timing for the next offload.

SG2
I suggest you read Missdosh's posts 14 Feb 2020 10:39, 13 Feb 2020 16:24 and 13 Feb 2020 15:35.

I'm waiting to see if Petroatlantic offloads at Flotta but it's now looking tight for an offload this week. The weather is pretty hostile over the weekend so could be next week.

JoeSoap,

"Did you miss the recent Skandi Hera trip to LC? "

Skandi Hera declared Lancaster as her destination and as I remember there was no AIS reception to allow plotting of her actual course.

Longwait

Check out the destination set by Jasmine Knutsen presently off Lerwick.
A joker on board.

Longwait
"Don't tell me 'JOG's fundamentals look terrible' too!"
I will reply here rather than on HUR.

That is why I am still holding.

Jiffybag

Sorry I have no explanation for II's limit but on the subject of shorting it is worth reading this from IG:

https://www.ig.com/uk/trading-strategies/how-to-short-sell-stocks-181115

Longwait

Best ignore Drillordrop.
He/She/it has an agenda and he/she/it has started post 5.00pm today knowing that nothing will get taken down till Monday.

Jiffybag

I'm not sure if any nominee holders in the UK actually loan out shares to their account holders for shorting. HL may be a possibility. I assume that shorting by individuals, as opposed to institutions is done with CFD's.

corrected for spelling! ignore previous.

Jiffybag

I'm no sure if any nominee holders in the UK actually load out shares to their account holders for shorting. HL may be a possibility. I assume that shorting by individuals, as opposed to institutions is done with CFD's.

MCB55
Not going.
PA is at Kraken.
Should be at Lancaster by 18th if not earlier.
see my post RE: 20,000 bopd 02 Feb 2020 17:16
"I have pencilled in 17th February for the next offload."

61k mt = 460k barrels and confirms 20k bopd production.