Member Info for LadySonia

"ADUK:::: Hurry up and wait...... Is that the same as maybe definite."
See also: "Immediately do nothing"
(Peter Cook. RIP)

So do HUR start paying Bluewater a day rate for AM only once hooked up to the buoy - or is the meter already running?

Anyone able to discuss the 'data room' ?
From what I've seen it's not been discussed much, and I'm wondering how it will work with Lancaster EPS.
Will any technical data be shared with Spirit and/or interested parties prior to any announcements to the market?
Presumably Spirit staff would sign an NDA and be given access and assist with evaluation of EPS or would it be Dr T sat in an underground bunker drinking lots of coffee and a 'do not disturb' sign?

I'm still waiting to be pleasantly surprised by TS.
"targeting" and "expected" are the sort of words that McCrum and his cohorts would pick up upon.
As I already have my target number of shares I intend to build up some cash in case there are delays with commitment letters or ST2 close.
TS did openly discuss the possibility of delaying "Non-critical path" activity if obtaining ST2 funding drifts past Q1 2019.

Does anybody have any thoughts on this from the QUOD report? Could SXX get some of the £1bn? There must be a chance seeing as they've mentioned it?

"Historically, the UK has not been as successful at commercialisation and development as it has been at research. Therefore, as part of the Government’s Industrial Strategy, the Prime Minister announced the creation of an Industrial Strategy Challenge Fund designed to help Britain capitalise on its strengths in research and innovation. The fund is a £1bn investment focused on areas of “strategic importance to the UK”. One of these areas is “developing artificial intelligence and robotic systems for extreme environments”15 as the UK has typically made less use of robotics and automation than most other countries in Western Europe."

CF has mentioned automation a few times...

Obtaining independent, authorative, quantitive analysis on HUR is effectively like :

Asking a taxi driver to go to Barcelona in February, with some binoculars and a stopwatch, stand at turn 1, and give his views on whether Lewis Hamilton has a chance of next year's world championship when Mercedes have already tweeted that his best lap of the week was half a second quicker than everyone else...

"Maybe chartering the Aoka Mizu has all been 'hype', and a big show, to make dumb investors thing there's lots of oil where there isn't any. Perhaps the BoD, Kerogen, and a whole bunch of Schlumberger people are going to suddently take of to the Bahamas, via Malaga, leaving us all paupers. Oh, this terrible AIM..."

#

AD, you forgot to include Spirit, they're in on this hustle too remember....

Hookup will be 25th, and they're all going to be singing "No Oil, No Oil, No Oil"

https://1drv.ms/u/s!AmJEUIKM6ZjZ6Rv-xWNgCfJeQooi

It's a picture of a ship, honest!
(safe for work)

Dive,
They'll be required to have improved accountancy/governamce in place before a main listing is possible..which is happening from Q1 2019.

"putting measures in place to create a corporate governance structure that will be appropriate for a premium listing on the UK FTSE. It is possible a premium listing could happen in Q4'19. As part of the corporate governance enhancement programme"
Page 15 Hannam report.

Brewing something special for investors?
Greene King (LSE: GNK) the pub owner and brewer is another FTSE 250 stock that’s been beaten up by investors over the last 12 months. Again, that puts it in a potential sweet spot, offering a high dividend yield at over 6.5% and also a low P/E at just under 8. The share price, which had jumped up to 642p in June, is back down at around 500p now.
New leadership of the company could provide the catalyst for future growth. This month, the CEO of 14 years called time on his leadership of the company. A successor is expected to be appointed early in 2019. Although Brexit seems to be weighing on this UK-focused company, there are reasons to be optimistic about Greene King’s prospects. One of these is that the company is starting to once again grow earnings and analysts have said the company is undervalued.
Also, the September trading statement showed that like-for-like sales were up 2.8% for the first 18 weeks of the year. Along with disposals, which should drive profitability and therefore protect the dividend, I think the business is getting itself into shape and trading and sales are improving.
For me, both Saga and Greene King are looking good value. The low P/E ratios of both alongside relatively high dividend yields provides a margin of safety for investors who buy the stocks. It may a bumpy ride for investors, as is always the case with out of favour or recovering companies, but thinking longer term, investors could be handsomely rewarded for backing these companies.

Topped up at 11:24
Fully aware bouy hookup and FOIL could be weeks apart.

Catcher took 3-4 weeks (inc. gas)
http://www.premier-oil.com/sites/default/files/presentation/catcher-hook-up-commissioning-v2.pdf

• Where possible equipment was leak tested, commissioned and
systems accepted by operations in Singapore prior to sail away
• The voyage and movement of the vessel and equipment
requires them to be re-tested ahead of the introduction of
hydrocarbons
• Vessel activities:
– Pipework: Nitrogen/helium testing; and Deluge testing
– Tubing: Leak testing
– Electrical & Instrumentation: Pig tail termination & tests;
and Removed equipment reinstated and tested
• Subsea activities
– Completion of umbilical core flushing
– Gas export riser dewatering
– Tree & manifold valve function testing
• Final activities
– Testing of offloading hose connection
– Final rotation test
• Ready for the introduction of hydrocarbons from Catcher field

Stokey,
Sulfur is an "Anion" hence why it wasn't included with the "Cations"
It is still a component of poly4 and polysulphate, so same product....all good

Wulbert,

Is it also likely that many investors are selling anything they're in profit with to chase some falling knives?
Flybe, Sound, Echo, William Hill even.
I learned not never do this shortly after June 2016.

The more research you do the more you can build a compelling case for HUR.
Slightly curious as to the 'quietness' of the new(ish) chairman, but don't see that as a bad thing - has he been gagged by Dr T? Is he crazy busy getting things in order for 2019 new governance?

Who's judgement do I trust more, Mr Market or some very clued up Geologists and Oilmen at Spirit who have invested a fair amount.

The question mark we're all waiting on is partly due to any gaps in "correlation" between 3d models and 205/21a-6 and 205/21a-7Z

("Correlation" was often blamed for F1 teams poor aerodynamics a couple of seasons but hasn't been mentioned since!)

Stokey,

Polysulphate™ fertilizer is a soluble, easily-absorbed, cost effective answer to crop nutrition, containing four key plant nutrients:

sulphur
potassium
magnesium
calcium

Same as Poly4 surely?