Member Info for MatrixObserver

Have done some basic calcs, and if maintains constant 8.8Kts through Gulf of Aden, will enter Red Sea early 22/10, heading north towards Mecca, which should pass late on the 24/10. Should get an AIS signal then as uses radio transmission for AIS, range maybe 20nm.

Should be there ot there about, good luck all, should be better coverage when in Med...

MO

Reckon this is where AM was an hour ago, at 8.8Kts

https://www.marinetraffic.com/en/ais/home/centerx:52.6/centery:13.9/zoom:8

Will get a bit better AIS transmission when enters Suez...

Patience is a virtue, good luck

MO

Just seen reply, cheers E121

MO

Good day fellow ENQers

MA has done a 180 and is now heading for US as normal, is east coast refinery in Philly (ETA 1/11)...

Good luck all

MO

If interested...

Amundsen Spirit has finished transfer and now off to Glen Lyon FPSO...

Can see sense of Danish STS now... Final destination is east... Gothenburg, Sweden... (think is second offload to Sweden in total)

https://www.marinetraffic.com/en/ais/home/centerx:11.0/centery:57.6/zoom:11

Good luck

MO

Luv ya too Jan

Was always about Friday, MO did apologise for vagueness :-) and potential photon anomaly... Suppose will discover tomorrow, lol

Have a good-un

MO

PS... Like Shinfalls style... AK more than capable of doing 50k+ is well within FDP range when voidage eliminated... Kraken South alone should be 37-42k now !!! excluding Central and North fields, MO would be happy with 45k+ but would never look gift horse in the mouth. Proof is in Pudding, #26 morning of 24th for less than 12 days...

Good evening Squif...

This time MO is predicting, not hoping...

Is for fun... Good luck

MO

Have spotted a possible top play...

Sadly unable to expand at present, is like famous photon experiment, results change when observed...

Will name it arbitrage on an arbitrage... lol

Safe to say if MO is correct can expect a repairer spike this week...

Makes no difference to MO as is long, but tempted to add a few for a trade, is like life, nothing is guaranteed...

Apols for vagueness and cryptic ways, if know MO then is par for course...

Good luck all

MO

Drilling down further, can see a Strategic Petroleum Reserve (SPR) weekly draw of 1.1m barrels from a week ago

Can see here:

http://ir.eia.gov/wpsr/overview.pdf

Good luck

MO

Good afternoon E121

Very true... Can see latest drilling stats from EIA here (out 15/10):

https://www.eia.gov/petroleum/drilling/

Coupled with last weeks rig count increase = more drilling...

http://phx.corporate-ir.net/phoenix.zhtml?c=79687&p=irol-rigcountsoverview

Best wishes

MO

LOL members... Was not a prediction, was a hope...

Maybe next week...

Not totally bearish.. petrol and diesel draws and imports up...

But certainly is not a bullish one...

Good luck

MO

Here's to a good draw... Forecast 1.6m build...

Can see live summary...

https://uk.investing.com/economic-calendar

or details...

https://www.eia.gov/petroleum/supply/weekly

Fingers crossed...

MO

Hi romaron...

Your friend might be correct in the same calorific energy value of typical boe of gas versus typical barrel of crude, but monetary value is different.

Was a while ago but think MO calculated approx gas versus crude price, crude barrel was priced at 6x gas barrel of equivalent (boe) price, is probably 8-10x now...

Oil is currently where it's at... ENQ are > 95% oil :-)

Cheers

MO

lol... viscose... not viscous... is lovely peaceful oil :-)

Good post londoner7

100% agree re Stella, Kraken and Catcher...

FYI Stella was doing an amazing 2.3k gross in July, can see latest figures here, data is normally 2-3 months in arrears... Link will work for HURers when producing :-)

https://itportal.ogauthority.co.uk/pprslive/production-data?start_date=Jul+2018&production_type=OIL&production_unit=OIL_FIELD_UNITS&operator=ITHACA+ENERGY+INC.&regulatory_jurisdiction=ANY

Lighter and less viscous oils flow easier, Kraken is 14 API heavy oil, so needs heated injection water etc, hopefully ENQ have addressed all commissioning issues now, ship was recently signed-off following 18 month commissioning, is apples and oranges to Lancaster's 38 API light oil, is more analogous with Catcher field, with as you said is performing above all expectations, is doing great...

Anyway, good luck to all HURers, nice to see have armed marines onboard for journey...

MO

Does look interesting romaron...

MO's had a quick scan as is always good to be Diversified (is same as DGOC name, lol) and good to look for potential...

Good divi yield (7%), but such high divi when taking on $1b debt to fund new acquisitions will mean having to pay interest on divi borrowing portion....

Is too soon after Carillion for MO, but could have lots of legs in near term and could turnout top winner (not wishing to tar all with same brush), just that borrowing to assist with divi payment is unattractive to MO... Keep an eye on shorts...

But is very good 2P reserves, more than ENQ...

Has lots of wells with June $0.5b acquisition... Would not envy decommissioning bill... ;-}

i.e from acquisition RNS in June...

"The company did not disclose the identity of the seller, but said the deal would be a reverse takeover.

The assets, which include about 11,350 wells with current net total gas production of 32,100 barrels of oil equivalent (boe) per day, would more than double its net daily production, the company said.

London-listed Diversified Gas, which has a market value of about $300 million (223.3 million pounds), said it would fund the deal through a new $1 billion (744.3 million pounds) debt facility and a share sale worth $225 million (167.5 million pounds).

The company said the deal is expected to immediately add to earnings and that it would more than double its proven developed producing reserves to 393 mmboe."

Good luck with choices...

MO

Good day CNEers

Should be due some Ekland drilling results soon, tugs en-route to collect the Ensco 101 rig.

Also your drill with Azinor, the Agar/Plantain prospect should be concluded by end of month.

Good luck with drilling results and tribunal outcome... CNE are due some...

Best wishes

MO

Hey ENQ_Holder....

From the prospectus timetable, will appear in account for 8am opening on 22/10...

Outstanding timetable below...

Latest time and date for acceptance, payment in full and registration of renounced Provisional Allotment Letters 11.00 a.m. on 19 October 2018

Results of Rights Issue to be announced by 8.00 a.m. on 22 October 2018

Dealings in New Ordinary Shares, fully paid, commence on the London Stock Exchange and New Ordinary Shares credited to CREST stock accounts (uncertificated holders only) 8.00 a.m. on 22 October 2018

Expected date of despatch of definitive share certificates for New Ordinary Shares in certificated form on or around 30 October 2018

Stockholm Admission on or around 31 October 2018

Dealings in New Ordinary Shares, fully paid, commence (for normal settlement) on NASDAQ Stockholm and
New Ordinary Shares credited to VP Accounts of subscribers and, where applicable their nominees on or around 31 October 2018

Expected date of completion of Thistle Transaction Q4 2018
Expected date of completion of Magnus Transaction Q4 2018

Good luck

MO

Anyone else have their ENQN rights converted to ENQF ???

MO estimates have been approx 40m trades in ENQN since ex-rights on 2/10, ranging from 16-9p, is quite a range...

Good luck all

MO

No probs TWalbyoff

Is part of being MO :-)

Q1 2019 is MO's guess... Feb-Mar is conservative, DC4 is 3 wells, 2 producers and 1 injector, think will be long precise horizontals, but 3-4 months is reasonable guess... Weather also can help or hinder..

Also, after a few days wait... AK Load #25 Ship-to-Ship transfer (by film star Amundsen Spirit) to Minerva Atlantica looks to be finally getting done, is almost 5 days since left AK during stormy weather, is nicer today...

https://www.marinetraffic.com/en/ais/home/centerx:10.685/centery:57.559/zoom:12

All the best

MO