Member Info for Genghis15

SS
yes, well summed up.

Being heavily promotede by the Twitterati atm, which is normaly a red flag, but here the LT potentiaql seemsa clear.

But all relesw on the drill bit. The co says it is geologically led, but only the drill bit can prove it.

Ricfle
"but Dr T whats 6 to 12 months not just for production, he wants to drill Warwick, flow test Lincoln and Halifax and possibly Whirlwind."
I'm sure that's what he wants, too. But if a hostile bid came in, it would be out of his hands ; shareholders would decide.

aduk fwiw I'd wager that each well will be perfectly capable of 20k bpd.

But going back to Malcy I think he is slyly indicating what many here think, which is that FOIL will be Q4 2018, not H1 2019.
He has "sat down with" RT again last week (2 weeks post interview, that is) and "all the kit is on time" "sailaway is on time " "once the FPSO gets on site......wells have been primed and ready to go.....it won't be long after that"

HUR is worth "significantly more than £1 a share" and talking of the HUR line that 6 to 12 months will prove the well, he says it " people won't take that long to work it all out".

Now of course this is just Malcy's opinion. But he's clearly close to the company, and that sounds to me like he expects a deal/farmout/TO within 6 months max of FOIL, assuming of course the wells perform.

Very positive indeed, imo.

As long as PoO stays firm, the biggest danger is a hostile bid b4 we can prove up the other fields.

Beg pardon....Malcy speaks on RBD at 1.0.00, Stephen on at 1.05

Starts @ 1.00.00

"worth a fortune"

https://www.youtube.com/watch?v=VnLdlAV7J10&feature=youtu.be

Listen to Malcy at 53.30.

Wessex, aduk, thanks for that.

Either of you care to make a stab at estimated completion date?:

Boyzee
"I reckon we.ll get a mooring complete rns, then a SURF complete or AM sail away. "

Yes, RT stated clearly in the interview that those milestones would be RNSd.

Thanks for posting. wish I'd been there, but next time for sure.

Very comfortable here, will be adding if other commitments allow.

No answer to my Q in previous post re SP, so I'ii ask again

Mooring installation surely close to completion, tho as a non oilie I may be missing something - what say the boatwatchers?

For background

https://www.bloomberg.com/news/articles/2018-06-19/opec-faces-a-bigger-problem-in-washington-than-trump-s-tweets

And now

https://www.bloomberg.com/news/articles/2018-07-18/opec-said-to-seek-legal-strategy-as-u-s-pushes-anti-cartel-bil

And Biffa, I should added, re "Just can't see the US suing the Saudis somehow", I couldn't imagine any of the things Trump is doing. Normal rules are suspended until the grown ups can get back.

Thank you, gents, for your input.

Some good points, and I agree that even if the measure passes (it seems to have solid support in both Houses) it maybe in the courts for some time before having any effect.

However, 2 things to bear in mind. The US, thru the dollar based world trade system, can wield influence over 3rd countries in powerful ways - eg, Iranian sanctions. Overuse of this as a weapon will of course lead to adoption of other payment systems and harm the US, but in the ST it works.

Second, don't underestimate the manchild in the WH. His bull in a china shop, one dimensional approach to every perceived problem means he might be able to upset the applecart using Executive Orders, tho of course these would be subject to judicial challenge also.

In the medium term (say 2 years ish) the supply/demand picture looks bullish any way, but if this measure does pass it may well cause some short term disruption, I feel.

Really?

An antitrust measure that seeks to undermine the only thing keeping PoO high, a "red herring"?

What are you guys on?

pjoe
your link would'nt open. but this article also highlights the issue.

Don't know how it might play out, but worrying for both OPEC and, possibly, oil; market in general.
Obama and Bush didn't threaten veto in the past to p[rotect OPEC ; they did it to protect Texas.
https://www.bloomberg.com/news/articles/2018-06-19/opec-faces-a-bigger-problem-in-washington-than-trump-s-tweets

Yes, SIPP, and I don't often comment on ST gyrations. Just at this stage of the project and with newsflow around really thought we had staked out new levels.

Ho hum, it is what it is.....

How quickly the market forgets. From the RNs only 11 days ago re well completion
"These operations were one of three main elements of the installation campaign for the Lancaster EPS planned to take place during the summer 2018 weather window, the other two being the installation of the mooring system for the FPSO and the installation of the SURF. The installation of the mooring system is currently ongoing and will be followed by the SURF programme. These elements remain on schedule...…."

Mooring installation surely close to completion, tho as a non oilie I may be missing something - what say the boatwatchers?
AM sailaway surely not far off either, yet we are over 10% down since RNS.
PoO down I know, but with newsflow expected still surprised at the drift here.

https://www.bloomberg.com/amp/news/articles/2018-07-16/the-world-s-biggest-miners-want-more-copper-but-nobody-s-selling

"With Trumps' nonsance embargo's on Irans oil to fully kick-in in November this should send oil prices at least over $80 and probable far higher, over $100,"

Maybe. But don't ever predict the Donald. He's already pressuring SA to take up the slack, and has the SPR in reserve. He will have November mid terms in mind, and will not want gas prices high in the run up.

he may be a f5ckwit, but he's electorally savvy.