Member Info for DiveCentre

mallye
20,000 barrels of oil per day in before operational downtime. The average flow rate is expected be 17,000 bopd so I am estimating every 3 1/2 weeks being the time required for an average 417k load.

wellwell

were do you get 0.86sg from?

I use 0.8348 using the formula:
SG = 141.5 / (API + 131.5)

https://production-technology.org/specific-gravity-api-gravity/

It produces a conversion factor 7.5345261

Amaja

Thank you for that report. Please do not misinterpret comments by enthusiastic posters. Speaking for myself I am most grateful, as I imagine most other readers of this board are.

55,000mt = 414,400 Barrels

and the sp on 08.11.19 was 43p.

adoubleuk

08.11.19 I replied to a post by bransonbull thread title "Two reasons....we arent at 60p"

bransonbull

Kerogen and Warwick Deep are contributors but they are not the primary reason for the current share price. When you consider that the Lancaster EPS alone is sufficient to support the current sp it becomes clear that NO VALUE is ascribed to:

1) Lancaster full field development.
2) Lincoln (a proved discovery)
3) Warwick.
4) Halifax.
5) Whirlwind.

None of this potential value has been priced in and the question is WHY.

The only rational explanation is that investors are still wary of that term unconventional reservoir used to describe fractured basement.

Is this a reasonable conclusion or has the FB risk factor been deliberately exaggerated and if so by whom and for what purpose?

and you reply:

DC,

"The only rational explanation is that investors are still wary of that term unconventional reservoir used to describe fractured basement. Is this a reasonable conclusion or has the FB risk factor been deliberately exaggerated and if so by whom and for what purpose?"

I think it's a reasonable conclusion. Though your other suggestion may be correct, as well. The problem being that if it actually is the latter, one enters into speculative territory, and runs the risk of being labelled a conspiracy-theorist!

aboubleuk

"What I'd like to know is who he works for..."

conspiracy theorist?

MCB55
95p is probably well beyond most peoples dreams at the moment.
If HUR do declare 100mboe 2P reserves will the market be convinced before they have a CPR to confirm.

The other question is when will they open the data room. Following the CMD or wait for the CPR?

I assume the convertible bonds can be traded in which case they will have a price. The CB price will be linked to the ordinary share price so they are probably dirt cheap and therby offer a fantastic yield. Maybe Marshall Wace have increased their CB holding.

Navion Oceania is heading north having left Macduff. She has recently offloaded at Tranmere on the Wirrel and arrived at MCD yesterday. She is still showing MCD as her destination but her route clearly indicates otherwise. Looks like she is going to pass south of Orkney which suggests the most likely destination is WOS. Both Glen Lyon and Fionaven have recently had tankers.

johnpwh
You can atone by buying a couple of hundred grands worth.

Albi1
That would be nice to believe and I have to say I would like to believe dspp is being purely objective.
The problem is that he must have realised that the tone of his posts over the last couple of months would create doubt in the minds of readers and at a time when the sp lacked support. It raises the suspicion of a motive.

The next CP will be Q1 2020 but difficult to say when it will be out. Quite obviously the OGA have thrown a bit of a spanner in the works and HUR are no doubt working flat out on revised plans for both GLA and GWA.

Tony87

That really is the most stupid suggestion.
The last thing they need is a deluge of emails from nervous investors.

Chinski
correct

mcadder
me too

Biffadog

If CA decided to offload their entire holding would that be of no relevance.

Greenmachine 67

I will not deny that RB has taken advantage of trading opportunities in the past but CA are still holding over 5% of HUR shares.
The SP decline over the last 2 months is, in my opinion due to nervous PI's reducing their exposure if not selling out, together with those who anticipated the sell off and decided to get out ahead. It has all contributed to the downward spiral.

The fact that CA are still significant holders suggests they still have faith in the concept.

wellwell
It's about time RB put in some support.
He can't be happy with the current state of affairs.

Today I've broken my vow never to filter.

Next week.around the 22nd