Member Info for lonestag

What is Unrestricted Cash
Unrestricted cash refers to monetary reserves that are not tied to a particular use. Unrestricted cash can be used for any purpose since it is not earmarked for a specific use and is extremely liquid. Often, in order to satisfy debt covenants, firms will have to maintain a certain level of cash on their balance sheets — the amount that exceeds the requirements is referred to as unrestricted cash.

https://www.investopedia.com/terms/u/unrestricted-cash.asp
Decom cash would be classed as restricted cash

The thing that’s not right is OIL...have a look at the daily chart for today...OIL was all over the place and the sp tracked it up/down

Weather calmed down alot and the Fugro Galaxy has resumed its Survey work.

https://www.marinetraffic.com/en/ais/details/ships/shipid:373630/mmsi:311049200/vessel:FUGRO%20GALAXY

Oil not looking good...coronavirus hitting again

https://www.reuters.com/article/us-global-oil/oil-prices-fall-2-on-demand-concerns-as-coronavirus-spreads-outside-china-idUSKCN20H0UU

I have been thinking about the bonds since I posted last night. What if the Bond holders have manipulated the sp so they can convert the Bonds at a low price and then let the sp rise to where it should be...37p+ and hence more than doubling their money.

I m no expert either but I have been tracking Tankers all last week and the NAVION OCEANIA visited Glen Lyon mid week and it is now waiting on another Tanker...the HEATHER KNUTSEN due tomorrow...so the the Glen Lyon can unload...why not the Aoka?

BH..Hur have yet to confirm that they are pumping at 20kbopd..this is the next news pi's are hoping for but as the Aoka has not yet been unloaded to date and its been 32days since last unload...it looks as if its not happened as the Aoka max capacity is 604,478 bbls and would currently be at full capacity if they were pumping 20kbopd.
https://www.bluewater.com/wp-content/uploads/2019/05/Final-aokamizu_folder.pdf

The PETROATLANTIC which was suggested mid week,was the next tanker being used to unload the Aoka, has changed its departure date from the 23rd{Sunday}to the 26th Feb{Wednesday} so that would make it 36 days since the last unload...if this is the tanker being used.
https://www.orkneyharbours.com/port-authority/info/shipping

just reading the Edison note....so if all is well 35p minimum we can expect at a $70 oil price and Hur need to be producing at 17kbopd..
"In our last note, Hurricane’s core NAV stood at 35.2p/share for Lancaster EPS at a plateau of 17kbopd. The GWA tie-back accounted for 4.1p/share of a RENAV of 109.9p/share. We will be reviewing our forecasts to account for the new work programme".

The permits have just been applied for, the Seawell in Aberdeen port so we may get an update from Hur before it moves as we will due an update at end of month or we will see where it goes and can workout what its doing...hopefully it is just a "tidying up" ops

Multiple uses for the ship

https://www.offshore-mag.com/subsea/article/16759378/well-servicing-multipurpose-vessels-gaining-favor-for-lower-cost-well-intervention

thanks Aduk, i just googled the ship quickly but would like to know what others know..I just noticed the permits so just starting my research into it

New SAT permits for Well Intervention Operations, is this why sp dropped?..the ship booked is a Dive Support Vessel.

PETROFAC FACILITIES MANAGEMENT LIMITED WIA/1028 Halifax, Whirlwind and Lancaster 205/23 205/23- 3A
MoDU/Vessel MSV Seawell
Chemical Permit CP/2279/0 19th February 2020 18th March 2020 Submitted
PETROFAC FACILITIES MANAGEMENT LIMITED WIA/1028 Halifax, Whirlwind and Lancaster 205/23 205/23- 3A
MoDU/Vessel MSV Seawell
Marine Licence ML/567/0 19th February 2020 18th March 2020 Submitted

https://itportal.beis.gov.uk/eng/fox/beis/PETS_EXTERNAL_PUBLICATION/main
https://www.marinetraffic.com/en/ais/details/ships/shipid:183810/mmsi:232159000/imo:8324567/vessel:SEAWELL

I can’t say what it’s for as there is no information and I don’t speculate.Just post what I find as always

SAT Application for well intervention to start in March
PETROFAC FACILITIES MANAGEMENT LIMITED WIA/1027 Lincoln 205/26b 205/26b- 14
MoDU/Vessel Paul B. Loyd, Jnr
Chemical Permit CP/2261/0 6th February 2020 5th March 2020 Submitted
PETROFAC FACILITIES MANAGEMENT LIMITED WIA/1027 Lincoln 205/26b 205/26b- 14
MoDU/Vessel Paul B. Loyd, Jnr
Consent to Locate a Mobile Installation CL/1081/0 6th February 2020 15th February 2020 Submitted
PETROFAC FACILITIES MANAGEMENT LIMITED WIA/1027 Lincoln 205/26b 205/26b- 14
MoDU/Vessel Paul B. Loyd, Jnr
Oil Discharge Permit OTP/956/0 6th February 2020 5th March 2020 Decision
PETROFAC FACILITIES MANAGEMENT LIMITED WIA/1027 Lincoln 205/26b 205/26b- 14
MoDU/Vessel Paul B. Loyd, Jnr
Marine Licence ML/555/0 6th February 2020 5th March 2020 Submitted

https://itportal.beis.gov.uk/eng/fox

What great news that would be ...Spirit energy stepping back from the JV...we get the full 100% of Lincoln oil find and they paid for drills

The £108k trade is the U/T (Uncrossing Trade).....please tell me you were joking as if you were nt, then please read up on How to trade shares

https://www.marinetraffic.com/en/data/?asset_type=expected_arrivals&columns=shipname,arrived&arrival_time_gte|gte|arrival_time_gte=360,43200&quicksearch|begins|GLEN%20LYON|quicksearch_id=Port-23846

The Glen Lyon gotba tanker beside it so weather must be ok for unloading.
https://www.marinetraffic.com/en/data/?asset_type=expected_arrivals&columns=shipname,recognized_next_port,reported_eta,arrived,show_on_live_map,dwt,ship_type&recognized_next_port_in|begins|GLEN%20LYON|recognized_next_port_in=23846

I FILTERED HIM ALONG TIME AGO...GUYS NO RIGHT IN HEAD AND SHOULD SEEK PROFESSIONAL HELP ????