Member Info for Presteigne

Even though seems mor buyers this morning than sellers in value that the price is still downwards again.

In my mind after the RNS was given I thought this would have been creeping upwards and .04-.05s at least going on what most on here were talking about

13.42% down on HL

Almost 200 mill holding in major hope of good turn up

So much for the RNS last week today alone as low as -10% even after the drop on Friday. Is it that people dont trust Pakistan to be the other partner? Or is it that people have swiped their money out on a high to just take the profits pulling TRP down again?

After some good news this morning, its a pity the price has not held so well as currently down to just an increase of 6.76% on HL now from over 50% early this morning

Cheers ill keep an eye out on vessel tracker

What is the present location of Var

Just a pity that more updates of what is ongoing are not given to avoid much of the nonsense and false news people on here keep putting out. Who knows if more information was given towards possible timings etc this company could be worth more than it currently is as without updates people loose interest dropping the value

For those who were questioning the position of the Seaway Eagle which is heading to Valletta, Malta. Its current position as of 00:05 14th December is approx 350 miles of the coast of Sierra Leone.

I did not say I am going to sell my 200 mil shares, just that this could end up back down the price it was in the early summer, but for many people this could kill their funds which they may not be able to afford to loose.

The way things appear currently without any positive news this could start to spiral downwards as many could loose interest and move their money to companies that are at least giving out dividend payments on funds even if prices stay dormant. Currently the price is not really moving on here and certainly not enough to gain any small profits.

Everyone needs to hear some news ahead of Christmas or this could plummet

Basing on what the reply from JA says it basically indicates that the Vali on the Seaway Eagle is not for TRP which the indications of the tracked route of the vessel all indicates knowing how far off shore it is currently and tracking towards Senegal as we chat

My thought exactly.

And why would the Seaway eagle be heading on a track that passes Camaroon approx 1000+ miles of shore and manifested to be going to Valletta

This vessel is due of the southern side of Malta in Valleta by 25th December. Its current track puts it at over 1000miles of the coast of Camaroon which would mean to turn in it would add another 4-5 days to its current track to turn in unload and return to tracked route.

I have my doubts that this rig is heading to TRPs location

Why would this rig be on route without any information from TRP anyway as if information was issued the prices would have been on the rise

SEBO,

The reason why rigs cannot pass through the Suez cannal is due to the bridge height that all shipping has to pass under. For some ships this is very tight.

If your comment was referring in my direction I have past seamanship under my belt and in excess of 2.5 million nautical miles on commercial vessels

My calculations of the Seaway Eagle are based on o/a distance remaining / number of days left to predicted time of arrival on Dec 25th in Valletta and the and the average current speed the Seaway Eagle is travelling at in relation to the distance/time that it has already travelled.

To be able to break the journey be stopping to unload the Vali would then add another day onto its sail duration which is also not shown on the manifested voyage track.

Many vessels are at sea very much like aircraft in the air as in they are operated on an auto pilot navigation system.

Working from the charted route the Seaway will be at least 300 miles of shore from the Wavis basin as it passes through.

The Q7000 rig is actually taking a much closer route to the shore line and tracking shows direct to the Wavis Basin and is expected to arrive December 10th so can anyone actually confirm the rig 100% or is everyone just taking wild guesses?

Slave

Take a look on vessele finder and you will sea the full tracking of the Seaway Eagle which id say is too far off shore on its track to be stopping of at the Wavis Basin

The ship is averaging 14.5mph with over 6800 nautical sea miles remaining over 19 days to its arrival in the malta oil fields.

This does not allow for and stopping time on route to offload otherwise it would not arrive of Malta by 25th December

The calculations do not add up unfortunatly and other info in the Malta area indicate they are now obtaining Jack up rigs