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Are BP needing to get Rotterdam up to speed ASAP and need Hurricane (and others) oil delivered quickly.
https://uk.finance.yahoo.com/news/bp-accepts-labor-deal-rotterdam-133201350.html
Can we get back to Hurricane chat please. I'd guess that we're due for an off load this coming week.
As CA, who own nearly 30%, have requested monetisation, I think that the BoD will look more favourably on the dividend route rather than Share buybacks.
Does anyone have an idea how many shares Dr T had?
In fairness all the available cash was allocated to Bond repayment when the share price was a few pence. This stopped the Bond holders grabbing 95% of the company.
A few years ago there was talk from the old BoD regarding Water injection to increase the life of the wells. Any thoughts on if it could be back on again?
I'd imagine that CA would want a special dividend to pay at least some of the promised £60 Million to their shareholders.
email sent, it didn't like the gap in Antony Maris's email and Philip Wolfe's bounced back no DNS.
Good work all concerned with this,
Kind regards
Alan
Email sent
The ex Bondholders must be sad today, they so nearly had all our investments. Thank goodness that CA were aligned with the rest of us last year.
Is there anyway that the Bond holders could be identified after they are paid out? Someone tried to snatch a lot of my money a year ago and I'd love to know who was colluding with the BoD at that time.
Sent today at 11:32. Thank you for your continued work Sense.
Now that Lincoln has been relinquished could Hur re-licence the field if the O&GA agree to them re-opening the plugged well and connect to the AM?
Do the Chinese either own or control the majority of the Mongolian rigs and crews? Given that Petro China are under the control of the toxic Chinese Communist Party and their underhand policies should Matad resist getting involved with them on the Raptor exploration and limit any JV to Heron only?
I wonder where the SP would be today if the old BoD hadn't tried to gift the Company to the Bond holders last year.
The news was in the 11th of Sept 2020 RNS,
" Pressure gauges in the suspended 205/26b-14 Lincoln well exhibit a 20 psi pressure decline, most likely as a result of production from the Lancaster field, 8 km distant. This important observation demonstrates good regional reservoir connectivity and that the Brynhild fault zone between Lancaster and Lincoln probably does not seal. Retrieval of additional pressure data following the recent scheduled Lancaster maintenance shut-in will be required to prove conclusively that Lancaster is the cause of the depletion."
No updates though.
That's a shame, I wonder if well 6 has been benefiting from Lincoln pressure leaking through the fault between fields. I also wonder if oil flows too?
Does Hurricane still have real time data on the pressure fall at Lincoln or would they have lost the ability with the well plugging?