Member Info for laserdisc

Https://www.windy.com/60.170/-3.870?59.859,-3.873,8,m:flraf2I

Https://www.vesselfinder.com/vessels/details/9843912

TIDE SPIRIT

LANCASTER

ATD:

2024-12-25 12:55

ETA:

2024-12-27 18:00

Thanks Pisces21 similar time frame to last year weather conditions presently look ok per windy.com.

Last year it missed the cut off date 31/12 was not completed due to weather conditions. This will be a big help for the March 25 Dcu payment I will post if I see tanker cheers for that

Corryvreckan1 Thanks for your informative post it was good to read nothing to add but if I see any tankers I will post cheers Laser

Thanks senseman, will have to see if they try their best to pay out full indicated takeover price , staying hopeful it would be nice if they do for all who invested in Hur cheers laser

Prax are saying the economic life will be no earlier than august 25 so if total deal falls into place I expect the Dcu,s will still return what was expected from the prax deal 12.5p ,I feel that reading accounts prax do have high integrity not to fall short of what was outlined in original takeover obviously oil prices out of control but they have reduced day rate to mitigate fall

Page 3 of this link. Says day rate lowered to 30,000

https://find-and-update.company-information.service.gov.uk/company/05245689/filing-history

4800 to 6200 production range 24/25 should continue to august day rate amendment pleased with closing remarks by prax

Https://find-and-update.company-information.service.gov.uk/company/05245689/filing-history

Thanks for your posts, Hope the Total deal goes through and adds some value for Hur holders

Will have to see what unfolds in 2025

Cheers laser

Lancaster EPS was independently assessed in March 2023 as being 6.6 MMbbl.

1 year offloads 4x550 =2.2m. So if flow rate keeps up we do have sufficient till march26

Thanks DiveCentre

Re tanker possibility Dec

I note these 2 tankers at Rotterdam presently so maybe worth seeing their next destination

ALTERA WAVE 05-DEC-2024 15:00 Expected departure

ALTERA WIND 07-DEC-2024 05:00

Further posts here from the rkh thread

Oscar, why do you say that?🤔 What do you see as the hold-up that would effect their timeline so greatly, the FPSO; the funding; FIG sign off; a partner?

Because if you are correct, than would but first oil into back end of 2027 early 2028, if we are lucky !

I’d be interested in your rationale.

LTT

longtermthinker

Posted in: RKH

Posts: 1,227

Price: 13.75

No Opinion

RE: Drill time22 Nov 2024 09:21

Morning Alma,

It seems the kingpin will be the FPSO, the Investors Presentation from July stated that long lead items were sorted. I presume a rig has been earmarked also so that just leaves the FPSO.

Although they are now doing Feed on the FPSO, and they have everything in place to commit to a contract, Funding would have to be in place before that is signed off. If Navitas can get funding over the line this side of Christmas it won’t matter if they don’t FID until the new year, they can set the wheels in motion for Bluewater to give the 180 days notice to Prax. If they cannot do that until first half of 2025, then everything will get knocked back if the FPSO takes 18months to 2 years for an upgrade/refit. 🤔

But again, that is all going by the Upstream article, which as you have mentioned in the past, can be a little inaccurate at times.

Suppose all we can hope for is an update next week from Navitas.

KR LTT

longtermthinker

Posted in: RKH

Posts: 1,227

Price: 13.85

No Opinion

RE: Drill time21 Nov 2024 21:51

Good evening Alma,

So if the rig hire starts from 2nd half 2025, and takes to 2027 to drill the eleventh, that means that the fifth well would be completed around the middle/3Q 2026, which would waiting on the FPSO to arrive in 2027 if the Upstream article is to be believed. 🤔

So either the rig is delayed to back end of 2025 so the 5 wells are completed as the FPSO arrives in 2027 or the wait and refit of the FPSO will be shorter that we think.

LTT

longtermthinker

Posted in: RKH

Posts: 1,227

Price: 13.90

No Opinion

RE: FIG NEWS21 Nov 2024 14:52

Great find again Mogger, most appreciated, I particularly like this bit;

“Failure to set aside sufficient land for hydrocarbons development projects would cause

difficulties to the delivery of the Sea Lion project with detrimental impacts on the

economy of the Falkland Islands.”

If ever you wanted it spelt out why Sea Lion is going ahead, there you have it.

LTT

Extract from when original charter was extended gives either party :

after the remaining economic life of the Lancaster field either party will get an option to give six months’ notice to terminate the charter.

FROM A POST i did on ADFN last week

Restricted Manoeuvrability as i post flight landed14:13

Edit Altera Thule departed after approx 26 hrs draft on leaving to Finland was 12:4 draft so looks likely full load between 540 -520. Bof oil. So if we work from 16thOctober production 6 k daily next offload early January We have certainly 1 offload bagged for March 25 dcu payment. Dont know how many days maint occurred during August / Sept so it’s thrown my calculations on the offloads.

Super 95 7.71p received so far to 30/9/24

Add projected from your calculation 2.32p just from TOTAL /PRAX deal completing March 25

Plus March 25 Lancaster oil .005p ESTIMATE S

September 25 lancaster o.008p

March 26 lancaster. 0.005p

TOTAL maybe coming over future months/years 4.12p

Gives 11.83p

These are only estimates but we may get still full value from the dcu,s of 12.50p

12-4 draft and lancaster oil going to finland

Thanks Divecentre thats great

De La Rue, a provider of authentication software and currency printing services, said it will sell its authentication division to Crane NXT at an enterprise value of GBP300 million.