Member Info for oiluser

What nonsense

US shale overall BE is $60 and this is rising again. The GOR and oil water ratio are both increasing. This means higher costs in medium term. The T1 acreage is tapped, T2 well tapped also. All points to higher costs. Tarrifs are going to increase cost for steel. The tighter margins will slow the production with effects visible in 6 months.

FI / NS replace ME oil, do you know how much oil comes from the ME, mostly through the Strait of Hormuz. It's 20mbod!. Nothing can replace it for cost, and it would be a monumental challenge to build out new production to replace even 10mbod. Probably 10 years too.

That said, FI oil is a great opportunity. That's why I own shares in RKH.

Well Anton, I take it. As for your guidance, not worth a dime

Tbh, with the January fiasco with kosmos in mind, I think the sale of Gabon is part of plan to resurrect the deal. Get rid of the baggage, concentrate on jubilee and kosmos take over tlw. The debt is reduced and more manageable and the deal can be sold to their share holders. Previously it was perceived negatively.

So if this is correct, what can we expect for offer. 25p?

New partner for part of Navitas 65% or new partner and something is already agreed with Rockhopper?. Fast forwarding the phases to include additional wells and transition to a bigger fpso could well be linked to a new arrangement. I think it's in rockhoppers interest to get to first oil with minimal debt. If an opportunity presents to reduce holding to 25%, achieve decent value for that then we should take it. 25% of 150kbod is a lot of oil with low debt.

I'd love an answer to that too,

31 million or 65 million euros. The 31 is guaranteed by insurance.

Why was isobel mentioned in the plays for SL development? Might be a stupid question but it's got my attention

I would differ on that, what they are doing is about funding and partner. Basically saying it will be seamless transition (outwith hook up) to move from 55k to 100/150k is going to attract interest and funding. The question will be how much we get for some of our 35%

I'm sure all that info is available in the environmental reports submitted with the FDP

I assume that any write off for exploration is rockhoppers,?

Birol is a bought and paid stooge

It's just some fun, for crying out loud. Everyone knows its bullcrap

Great stuff borgo #2

Tariffs war, people cashing out. Look at BP, down 4%

That's getting into a morality discussion which I'm not interested in. I was mentioning only that Equinor may find Argentina to be unfriendly atm with milei in seat. Or not!. It was only a guess

Norway and Israel are at odds over Palestine and Argentina is very Israel friendly?

Tend to agree, without news this slumbers. Trading volume is down. My guess, OM final news might increase or reduce this range depending on 65 or 31 million going in the bank. People need to temper their expectations here. FiD will add some impetus, as will main contract awards but remember, even after FO we are beholden to Navitas for their financial support. I'd almost agree to a 3rd partner, and giving up an additional 10% to decrease dependency on the navitas loans. Why, the quicker we get to FO the better, to finance field expansion to 100k and further wells at Isobel/Elaine. This play could produce 300kbod for 20 years. Real serious stuff but that's a decade away without a serious player with deeper pockets than Navitas.

Yeah, but the trade is posted for effect.