Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Yup - that does need sorting - one aligned message - PR basics.
RNS aside and to clarify, what would be the most definitive indication of a successful hook-up today...is there one criteria or a number?
Thanks
RFTS
GB LAN Lancaster Lancaster LAN 1------- AF 9511 XOL
Thanks Miss Dosh - this appears on the UNLOCODE register Ive just googled following your heads-up ..relevant?
RFTS
I'm not sure whether HURR were obliged to RNS the rope issue (?) however I personally find the transparency of their prompt disclosure reassuring and professional and indicative of a well run organisation. Bodes well for the future when no doubt other niggles and set backs will need to be tackled.
Best
RFTS
Thanks
Ill give you one in return, again by Nichol.."Tail End Charlies".
RFTS
Off Topic.
Think ADUK may have recommended this pre Xmas (?) - top read.
Reassuring example of man overcoming myriad bureaucratic technological and physical challenges...Barnes Wallis - Robert Trice.
Best
RFTS
Dont be deterred Carmaybe.
I've been invested for nearly five years. Aside from some occasional juvenile dog spraying amongst a select few I'm sure you find this BB worth sticking with. There is sufficient expert insight and the rare nugget to offset any downside.
Cheers
RFTS
Johnniefp
Would suggest important prerequisite in terms of strengthening up corporate governance and transactional experience required around that kind of activity along with increasing HURR professional profile in eyes of third parties, in turn helping to build up confidence.
RFTS
The test of a good result? Hurricane needs the pressure underground to stay as high as Trice’s models predict, showing the cracks in the granite are interlinked and the pooled crude can flow freely to the surface for a sustained period.
Think Ill have to consider this given my [coincident] nom de plume.
Merry Christmas all...sorry , not into the mindnumbingly pc "Happy Holidays" piece.
Reach For The Sky.
Confidence levels appear to be rising...POO, ships status, chairman's buy in and issuance of report.
Good article - a few key reminders for me:
1 The test of a good result? Hurricane needs the pressure underground to stay as high as Trice’s models predict, showing the cracks in the granite are interlinked and the pooled crude can flow freely to the surface for a sustained period.
2. “The productivity and longevity of that productivity is a concern” with fractured granite, said Ariel Flores, BP Plc’s president for the North Sea region. “There’s a lot of uncertainty and risk.”
The primary risk is in the rock. While sandstone is like a sponge, where fluids move about freely into a well that brings them to the surface, granite is like a piece of glass. Crack a pane of glass in two separate places, and you can pour tiny bits of oil inside each fracture, but those deposits can’t reach each other.
3. Flores said he's watching Hurricane's progress closely and will probably drill its own basement development well in the next couple of years.
4.Even after the discoveries Trice has made, he’ll need to produce oil sustainably to truly win over his critics.
Proof of the pudding will be in sustainable productivity as the acid test of RTs work and model. When (in my opinion) that happens in the near future and the risks dissipate, the critics will be silenced and the potential of this prospect will be very rapidly realised.
RFTS
Thanks all.
So "in situ" around the weekend of 7th/8th Dec not too far fetched?
RFTS
Escargot/missdosh
Thanks both
AM expected into Rotterdam around the 24th. Been covered before, but grateful if someone could refresh my memory on a) how long expected to be in port and b) subsequent sail time to Lancaster
Thanks
RFTS
Appreciate the insight ADUK
RFTS
IJWT and Arbitrader
Thanks for that
RFTS
With all the stars apparently aligning in a very positive way, the residual key issue for me as a non oilie becomes the traditional industry view held by more circumspect (or cynical?) third parties that the concept is technically complex and remains to be proven...hence to some extent the "wait and see" approach...so far.
I, like others on this forum, will have made their own assessment of that risk already and am happily already committed to a positive outcome.
Nevertheless I would be interested to understand from those experienced on this forum exactly what technical, commercial or other criteria (type of oil, rate of extraction, duration of) a third party would use to regard this great opportunity as "proven" , as we ourselves remain confident that it will be.
Thanks
RFTS
Thanks Genghis
Interesting piece, particularly:
"“We are likely in need of more long-cycle investments given the persistent and accelerating base declines observed in global conventional and offshore projects,” said a source at in investment firm with large stakes in big oil companies. "
RFTS
Spot on.