Member Info for Genghis15

No offence, but talk of share buybacks is dumb.
They are a device for cash rich companies with no better use for cash usually serving mostly to enrich execs by meeting EPS targets.

Hur has $230m of CBs and an exploration/appraisal/ development program to finance.

Share buybacks are not on anyone's agenda.

We were all newbies once , and I'm guilty of asking similar Qs on other bbs.

20k bpd for 2020, with the possibility to increase to 30k bpd within existing permissions.

40k bpd subject to gas pipeline tie in.

oil you may be missing the point.

Flu happens every year and nobody panics.

Your comparison is medically and statistically valid, but the societal reaction quite different, as were seeing.

Can a leopard change its shorts?

He's an irritating arse, but he does get some of these things right. Let's see.

No it will not. It will see them pump existing wells to the max, to cover as much of their costs as possible.

where it WILL make a difference is in the drilling of new wells, as the forward price declines and they are unable to hedge forward production to finance new drilling. That is happening already, with the rig count declining for a year now. These prices will accelerate that.
Trouble is, that takes a while to show thru to production, so don't hold your breath ; mb by Q4 shale growth will turn to decline, but no sooner.

Poo needs China back to work, some action from OPEC+, and the Libyans to keep fighting.

There are reports, I think on the FB page, that the flare has got bigger.

Could be just a higher GOR, but much more likely to be increased production, in line with co guidance.

sorry should read Q4 20/Qi 21.

IJWT, I thought you knew...all in the Corp Presentation.

WOSPS tie in and debottlenecking in progress, for Q14 2021., tho we don't know if Spirit are still holding their end p on funding.

AS is on record that the gas sales revenues are insignificant due to very low prices at Sullom Voe, mb a few hundred garand pa.It is merely, in his words, a "black oil enabler".

Realy, guys, keep up.

The current capacity is 30k bpd, as is the max flaring consent, which is also limited to Lancaster only.

The debottlenecking aims to increase this to 40k bpd, and the WOSPS tie in will render flaring unnecessary except in unforseeable circumstances.

Still here then , balerno….. been a long time!

Yes, steer clear of my chair......the cognoscenti know it is really my portal to my home dimension, whence I return periodically to regain my shape. Earthlings resting there for long may find themselves with an unexpected number of limbs.

"misleading management statements" Boll$cks.

Flagged in the DEC RNS, clearly. Go read it again. The fact your post got 6 ticks only shows the emotion overcoming factfulness on the part of some here.

Apache

The flaring consent is limited to Lancaster, and to 30 k bpd, and is I think, time limited also, tho I can't recall the period ; it may be 3 years from FOIL.

So WOSPS tie in must be, and is, being progressed. How funding will be decided if LC is P&A'd is an interesting question.

Once again, we are being hung out by the indecision of the Spirit sale.

martin-s and Yorks, you really need to calm down and read the Dec RNS. The LC P&A was clearly flagged ; there is nothing new there.

If it misled you it is bcos you didn't read it properly. And the possibility of the OGA changing its mind is still open.

FL, do your homework.

The non hokup and P&A od LC is not HUR's choice, nor, afaik, Spirit's ; tho we can't rule out that the Spirit situation is part of it.

It is the OGA not playing ball, for reasons I cannot divinre, and it seems HUR cannot either.

Why the OGA should turn down a tieback on a first roducer on Lincoln is beyond me ; if HUr/Spirit are willing to spend their own money on it, WTf makes the OGA think it knows better?

Beats me.

Pecten

Go to the top of the class.,

Just as we knewc from Dec RNs, except a 3rd Lancaster producer confirmed. IF Lc is refused.

S.
oin that case HUE get the whole 40k bpd from 2022 Q1.

But watch this space ; this is contingency.

Nothing to say the OGA won't come up with a LC approval b4 March.

Ollie, pushingbon a bit, indeed, but
your influence lingered long : until 2008ish we were the only country I know of that needed a licence to dance.

Uggy
NPVs are an accounting nicety, and will not represent realisable value now or ever. Nobody should get too excited about them.

PDSM has a point about raises, of which we have seen enough., at least for now. S&S may perceive opportunities that beg for more raises, but should resist for now. Let's see Wn & Parta proved up, at least, so any future raise are at a much higher price ; better still, get something monetised first.

Why am I seeing the term " daft little fkn weasel" on an investment bb?