Member Info for fairdealer20

Good too read Ringwood. Goes to show how much Excise Duty the UK levy.

Urraca absolutely agree, unless Equinor are prepared to delay Ragnfrid, which is very doubtful, Verbier will not be drilled until 1st Q 19.

With all this speculation hope BOD are reading this BB and preparing an update that stacks up!

Equinor commissioned SeaDrill ( West Pheonix) on 1st March to drill 4 sites starting with Ragnfrid in Summer 2018 followed by 3 in UKCS.(Verbier etc)

Let's think about the servicing scenario. To mitigate Contractual Obligations would'nt Seadrill have built in servicing down-times to agree with advised Drilling dates Clients ( Equinor &Jersey Oil) confirmed to the market?

The Contract could of course allow for the unknowns, Environment Conditions, Breakdowns etc.

Maybe a threat to McVities is required?

Servicing of these platforms are usually on ongoing operation as Engineers are always present.

If servicing,as suggested, how long do you consider it will take?

Agree Verbier next year and possibly not West Pheonix as Seadrill have the platform Contracted elsewhere from March.

SOB, simple the platform is moored at Averoy inlet, some distance from Ragnfrid, the next programmed drill for Equinor. Equinor have stated that drill will take 81days. West Pheonix has been moored for 10 days now, it is pure speculation, but highly probable, is undergoing major repairs. What other explanation could there be??

Herron, Urraca, agree, releasing even a pre-lim. Seismic report sooner would fill the void and put some stability in the SP. It does now appear odds-on the drill will be delayed and producing assets do not seem easy to acquire.

The longer these 2 issues remain unresolved the more jittery the market will become, even though the oil is going nowhere in a hurry.

Is it suggested the Fawley-Gatwick pipe would have dual use......carrying refined product one way and un-refined oil in the opposite direction?

The SP is through a psychological barrier (£1), which should enable further movement North.

There are 81 days until 7th December add on movement time, say 7days (probably more) brings us to the week before Christmas. Quite probably a shut-down for the Festive period. Unless WP drills Raynfrid rapidly or goes back to UKCS from Averoy cannot see Verbier being drilled until Spring. Hope I am proved wrong as it is in all our interests to get Verbier determined before interest in JOG stock diminishes further.

West Pheonix had mechanical problems in February, which took 2 months to fix. Sincerely hope there are not similar problems now.
To avoid this speculation, even though many still rely on the July rns, an update would clear the air.

Very droll MadCrann. The PC brigade will be proud of you!

No doubt application of gender to Investing pays dividends!!!.

Good luck

Encouraging to see the New Chairman buying. This should add much value to the already under-valued stock.

Nothing worse than Chairman who do not acquire shares. Rucker's purchase should quieten the doom-mongers.

Remains moored at Averoy Bay, where she has been for 8 days. If she is drilling in this location it is some distance from Raynfrid.
Any thoughts?
Is it appropriate Clients (Equinor and Co) receive some update from Seadrill?

Perhaps the Company could diversify into biscuit manufacture!! There does seem to be growing demand!!!!

The natural bay where she (WP) has stopped does have a large Marine engineering operation and do wonder if they have a problem?
Otherwise, Dick, your final paragraph is about right. Just hope BOD are being kept informed by Equinor.

Seems WP has taken a detour and is currently in Averoy.

Any thoughts?

It has been remarkable, having experienced the hottest summer for years and humans being what they are, beverage consumption goes through the roof, why this sector has been so out of favour.
It has been a golden opportunity, imo, to buy.
Broker reports can and do influence the market, something we have to live with, expect Citigroup to eat their words when MARS report. Expect the next Trading Statement to equal GNK performance if not beat!!.

pt. operator of vessel are required to notify direction of travel to Marine Authorities.

We are just lowly shareholders useful when funds are needed!!!!

pt hope your right even though the Marine destination is Kristiansund..

grewber, agree someone at Equinor should have had their "ear bent" big time.