Member Info for MatrixObserver

LOL sankeys...

Miss your quality wit...

MO

Cheers Chilts

MO was/is being very conservative for offload rate, did say 15-20k per hour offload and was staying low (to avoid disappointment).

If latest figures correct then #18 transfer rate is over 21k per hour, is well within AK pump spec of 28k per hour.

Is best for all to draw own conclusions.

MO

Soz 540k is SeaRover value, 520k was using salt-water API of 8.5, should have been 14 API

Is dilemma... MO was expecting SeaRover 500k max !!!

MO

Is reporting 12.1m draught...

With likely minimum ballast.... = 520k offload...

MO

Hey Smasher...

Have seen projects take many, many years to come to fruition... think Kashagan

My fave Enquest, took nearly 5 years to deliver $2.3 billion Kraken project (original cost $3.2b) and looks like is almost there... This is offshore, where CASP is onshore !!!

Is approx 150m barrels with 50-80m upside...

If CASP can prove two deep fields for 700m + barrels, can guess the value, with no sulphur even better...

Is down to CASP to prove the drills, others around have had success at this depth and deeper...

Hopefully will be a Caspian Sunrise...

LOL all

MO

https://www.dailyfx.com/crude-oil

MO

and the rest...

MO

Auson, on way, too pished, so best to ignore...

At current Poo, AK alone will chuck off $500m per annum for the next few years...

MO

LOL KO

MO having some CASP fun... + rose'

ENQ will take care of self...

Best wishes

MO

Smasher...

The drilling mud may already be at A5, same with drill pipes at A6... Then again maybe not... MO's guess is already there or there about...

Once new sidetrack liner is cemented and sealed, drilling mud can be removed, CASP could be going for a bumper RNS !!!

Can hope

Good luck CASPers

MO

Is a CASP news rich period approaching... If ducks are lined-up correctly then should be something special... Don't miss the bus(es)...

Looking at some drilling time comparisons...

A5 was 90m to go on 1-Oct-2017, was completed and flowing 21-Oct-2017

801 was at depth, ready for liner, cement and completion on 29-May-2018...

As previously mentioned, CASP will not be rushing or jumping the gun on 801...

Anyway, MO rather be in that out at this moment... Best wishes...

MO

PS... Don't forget...

From July 2018
- Entire BNG Contract Area licence extended to June 2024 on appraisal basis
- CASP have the ability to bring individual structures to full production status with Oil sales 80% at world prices, 20% at domestic prices
- Planned migration to full production of MJF July 2018

MO appreciates the quality of your posts FK...

Did laugh at the Dickens comparison posted yesterday...

Suppose something him and all CASPers have in common... "Great Expectations"

LOL All

Come on CASP... 801 undergoing 90-day flow test would be a lovely start :-)

MJF full production licence, a delicious desert !!!!

Good luck all

MO

Thinking ahead...

Can see the importance of AK being fully accepted with DC4 SURF installation imminent, could add over 10k'ish bpd, so systems will need to deal with additional throughput...

MO is quietly confident, but is nice to see actuals...

That's it.... TOoooooooooooooooooooooo damn hot.... gunna go and sit in a water sprinkler drinking iced rose'

Can dream

MO :-)

Jan, all good data from everyone...

I won't rule out an early #19... 10/12 days will do :-) MO could do with an AK surprise..

Will keep an eye on FS Cygnus type visits...

Everything else seems pretty busy in the ENQ world too !!!

Good luck fellow ENQers

MO

Jan

Tanker #17 departed 9/6 22:00

Tanker #18 arrived 25/6 06:30 (approx 15.4 days)

Tanker #18 departed another 1.1 days later, for approx 16.5 days total production...

Did have 5 x FS Cygnus visits in that duration, normal supply runs are once per week.

MO jury is still out and is now on to #19.

Good luck all

MO

Is complicated...

Did work for Enquest when ENQ took over Richard's old company..

"Before joining EnQuest Richard was CEO and co-founder of Nio Petroleum which was acquired by EnQuest in 2012 with Richard joining the Senior Management Team as Head of Major Projects. His primary responsibility was the successful delivery of the 140MMbbl Kraken project – on time and 25% below its $3.2Bn budget. "

Is also a director for this company, which provides oil and gas senior management etc..

http://www.radicoenergy.com/directors

Maybe wrong, but is his business, not MO's

Good luck all

MO

Richard Hall, was not directly employed by Enquest, If I recall correctly he (his company) was sub-contracted specifically for the Kraken development.

MO wishes him well, he always appeared to wear his ENQ shirt with pride and think worked hard...

Good luck all

MO

is 61k MT (metric tons) not 61

MO

Hey E121

OK is a relative quicky... 25.5 hours, MO has transfer rates ranging from 15-20k barrels per hour... i.e 400 to 500k by time... is one indicator

Ballast.. will always be a conundrum !!!

MO has calculated (with aid of Q88) that pre-offload at 9.3m draught, HK had approx 61 MT of seawater ballast (370k'ish barrels).

If all ballast discharged 12.5m post offload draught = 611k offload of 14 API gravity oil

If 50% ballast retained = 417k offload

Can see how ballast affects, think agree with Chilts..

Best to wait until SeaRover data, will have to wait two days...

Good luck all

MO

FK, Is individual investors choice, is best way... But with 3 x deeps and MJF licence seemingly coming soon, is silly time to sell in MO's opinion.

But if believe the CASP story for last few years, then is all about NOW !!!

Who knows if slips a quarter or two, as long as have some deep success, then no hurry.

MO had CASP for quite some time now, have added a few, but nowhere near you lot or as long as you lot...

Hope it's a good time to be a CASPer, will soon find out !!!

Is an interesting story, with much potential...

Come on you CASP !!!!

MO