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This morning, even if its frustrating for LTH its a clear buy signal for new entrants, which in turn will drive the sp upward. Resource in the ground says its all.

I am very confused by the news blackout also but cannot think why they would co-ordinate a drop. So my question is; who would benefit from it dropping / how can one on the inside benefit from it? I'm not saying they can't, I just have always assumed people would benefit from orchestrating a rise as opposed to a long and slow drop.

With the use of the word "expected" shortly after it implies your alternative "they should" scenario... :P

Slicing a penny until we are �1.50+ atleast and been here since the high 20s / low 30s. Got another large tranche low 50s.

78.5p....

But will be back shortly. Just in case anyone thought I�d sold out, still got my full holding.

Time approaching I think....

I would also be quite confident that the lease signing in June is more of a formality. There wouldn't even be discussions with I3E about funding Liberator if there wasn't a 100% guarantee the facility will still be on station. And as i said before, to suspend an entire field or prematurely CoP it would require extreme conditions for the OGA to even consider it. I am trying to find out more about Blake from some friends that use to work at BG, who were the original operator.

Sorry my terminology is off, as we don't rent our FPSO's we class them as the asset. But I'd imagine if the Blake Field has the potential to produce to 2024 (i seem to remember reading somewhere) then they would be keen to extend the lease. The OGA also would not let them prematurely release the facility when theres plenty oil in the ground from Blake & Liberator alone, let alone the neighbouring fields / wells that also tie in. OGA will have huge part to play, and their stance is to maximise NS recovery.

Also, people selling now are doing so through emotion IMO. Fundamentally nothing has changed since it was at 79p, just sentiment / volume.

If they want to offload they need to make them as an attractive buying target as possible, so would only serve to strengthen the business case if you have more oil flowing. They also operate multiple assets, a lot of which my company are joint venture with, and I could see them offloading a lot of what we are involved in first to be honest. However my knowledge of the Bleo Holme asset is limited.

Definitely feasible, but whether its the best option is a separate question, as long subsea tie backs add some significant cost to a well. But Captain equally may be an unsuitable host for many reasons, CoP date, ullage, fluid compatiblity. Perhaps even commercial agreements, if indeed Repsol is the sole funder of the $200m they may stipulate that any production from the new block go through Bleo to extend its CoP. Many moving parts but what good to know is there are options out there, I3 are not backed into a corner to find a route to development.

The OGA website / interactive map is good for high level info. https://ogauthority.maps.arcgis.com/apps/webappviewer/index.html?id=adbe5a796f5c41c68fc762ea137a682e

Thanks for sharing. Looks like it would make more sense to tie into Captain perhaps. A 20km tie back isn't really ideal. Either way, infrastructure near by = minimal CAPEX.

I wonder if it's this snowy in Georgia?

Hoovering up stock. Would love to know if this is a single PI.

I've seen Brookos delayed buys before, come up several hours after he's declared it.

Fully agree. I just stay quiet on the bb's when the usual de-rampers come out but I've not gone anywhere; full holding still intact.

Nice one Brooko. Let the mm do their thing while volumes are low. Not risking trading this one.

Why people are fixating on the GM so much? Maybe just to bicker; pretty sure its going to be rather arbitrary. All i care about is the funding announcement which im quite certain won't take place around the GM.