Member Info for JiffyBag

'DOES ANYONE KNOW BROKER WITH GVARANTED STOP LOOSES'

= Does anyone know an honest Broker?

Trevor,

What do you think?

I actually think all will come good, one way or another, 'Finance Will Be Found',

Why? because some poor sod would have to fill in a massive hole otherwise.

In reality however, the whole project has inspired far too many folk up and down the country now, and this project will continue with or without us shareholders.

I do sincerely hope though and trust though that I do remain a shareholder.

We must all therefore be very mindfull of the games that may well be played, behind our back's to try and steal our shares be it via Administration or otherwise.

Agree with KOH, we have to be vocal now, otherwise we will be trampled on.

What conclusion if any can be reached by the fact the AM is currently showing a Draught of 9.40 Metres against a maximum draught of 14.20 Metres, ie in my very simplistic way of thinking, the AM is now approximately 63% full against a 600, 000 Barrel cargo?

ie about 378K barrels?

ie about 19K of BOPD?

ie about 2 weeks to go before next cargo?

Or am I completely wrong?

https://www.vesselfinder.com/?imo=9190028 for draught info.

Do we have any 'Flare Watchers' out there :O)

DaDean,

From the MS link you can then look further to verify, ie for example
https://www.capitalgroup.com/institutional/investments/holdingssearch/

The number of shares still match, ie 373,165,493

Have fun :O)

https://www.morningstar.com/stocks/xlon/sxx/ownership

OK AK, get the message, but..........

Ok, just to confuse the masses, all going well, looks like a discovery, you post ............

https://www.youtube.com/watch?v=Rf-SC-dfY0E

or not so well

https://www.youtube.com/watch?v=L0miPLP9PI0

AK,

RE: 'Sorry, no can do. Certain people got upset with me posting details like that here, and anyway my personal interpretation of what I heard about WD turned out to be wrong., So once bitten, twice shy.'

No need for words just signs :O))))

ie, You post your most favourite GD link /YT Video when all is going well?

Or, when matters are not so great, you post a link to the intricacies of Bee Keeping :O)

Get my drift?

Possible Outcomes Going Forward, going thro my troubled head :O)

Which do you think is the most likely outcome?

1. Successful issue of the $500M Bonds by SXX within next 2 months.
2. JPM step in and offer to finance the full balance of the cost of construction.
3. Other major investors in SXX already up to their kneck’s come to the rescue to raise the $500m now required, so thereby freeing up the RCF being offered by JPM.
4. The Government in the interests of promoting a vibrant post Brexit economy and Northern Powerhouse, step in to loan SXX the $500M in order to release the JPM RCF.
5. A major already agreed offtake customer steps in to offer the $500m with strings attached of course.
6. Takeover bid by a major competitor?
7. Gina Rheinhart steps in with strings attached of course.
8. All is lost, the company goes into administration and private equity buys the remains for a song, shareholders are left with nothing.

My rationale is simple, I do not think for one moment that given what has already been achieved on this project to date, and invested this will all be simply wasted, given the jobs and potential tax revenues to be earned.

We are so near yet at the same time are currently under threat. Overall I reckon though on balance the mine WILL be completed.

The issue of course is dependant on the most favourable course of action that favours us shareholders.

Just read your reply again,

Re: Lincoln Crestal, although 'shallower', may end up being 'deeper', if that makes sense. Because in directional wells such as these, incorporating a significant horizontal section, there's another measurement that comes into play. 'MDAB', which stands for Measured Depth Along Borehole. A term coined by Schlumberger, a company which delights in inventing new acronyms, just to confuse everyone else!

In other words , it all depends on the Horizontal section?

Hello AK,

Thanks for your informed reply, bottom line though for me is , will LC take as long to drill and test ,as WD if the depth of TD is less?

I accept that the drill and test aspects are 2 distinct phases.

That's all I was trying to guage, in essence I would have thought that LC would not be as deep as WD that's all, and so therefore might have expected news somewhat earlier, or am I barking up the wrong tree being a non oil knowledgeable person.

DC, Re: 'Next should be LC RNS. Spudded on the 12th July so probably towards mid September. '

That would equate to about 75 days for LC, would that be the expected duration? ie, are we drilling as deep as WD well?

LW,

Time to re-think the so called Green Utopia!

https://developmenteducation.ie/feature/the-energy-debate-renewable-energy-cannot-replace-fossil-fuels/

Catch 22
https://www.channel4.com/programmes/catch-22/on-demand/68357-001

Never got round to reading the book in full but always wanted to, watch this and thats another reading saved. :O)

Jay,

Sounds like you had a good time! they the bands, must be getting on then :O)

Did you visit the Philharmonic pub or other iconic pubs?

If you ever get the chance book a trip on the Mcr Ship Canal cruise Manchester to Liverpool, amazing history, I've been on a couple and if you get a guide who is well up on the history of the canal and its development it's a great day out, beer is also available :O)

https://www.merseyferries.co.uk/Groups/Pages/Manchester-Ship-Canal-2019.aspx

Evening Jay,

Got to sort out the wheat from the chaff I say, it's like Brexit in many ways, peaks and troughs are on the horizon I suppose. :O)
Far too early to be bailing out now that's for sure imo anyway.

How was the Liverpool concert, was it the real thing or were they tribute bands?

'as interest in WOS intensifies'

All should keep their eyes on the 'Big Picture', there is a lot to look forward to in terms of data and news, only 6 months of waiting, SFA in the world of oil exploration and development I would say. Look at this old article says a lot imo.

https://www.heraldscotland.com/business_hq/17536061.giant-west-of-shetland-oil-field-on-track-to-start-production-in-next-quarter/

'The start of production from the field (Lancaster) would put Hurricane on the way to generating massive amounts of cash that it could use to bring other finds on its acreage into production.'

Also I watched the CMD presentation for a third time, as can not remember all without taking notes, (would be useful if we had a transcribe of Dr R T's words for the CMD , can' find one) that if required development of Lancaster might in certain sceanrios be brought forward from 2021?, my take on that was perhaps if the GWA was not in line with forecasts etc.

Yes we are still reeling from WD and the 5% selloff by Kerogen, but that is now water under the bridge and time to move on as interest in WOS intensify's.

'The company’s progress has already helped stoked interest in the West of Shetland area as oil and gas firms look to make the kind of bumper finds that can underpin long term production.These are increasingly hard to make in well-drilled areas of the North Sea. '

I reckon if anyone aftyer 6 months testing was to have an interest in Hurricane, it would be BP as they are already buying our oil, they must surely have first 'Dibs'?

Great thing mind games :O)

Company begining with H?

https://www.kidspot.com.au/things-to-do/activity-articles/animal-vegetable-or-mineral-game/news-story/5d9172483cfc1bd36e75a29cc2821ecd

Mineral?

I see Wace got hit big time today, they lost a few bob, re:, Just Eat :)

https://www.telegraph.co.uk/business/2019/07/29/just-eat-shareholders-get-52pc-slice-takeovercom-merger/