Member Info for Rookie1

The majority of the decoms don’t start until 2030 I think it is,and I believe it is around the £550M figure in total but after reading some proposed decommissioning plans from marathon it reads to me that the OGA are more and more in favour with leaving the majority of infastruvture where it is,this is due to safety with it being very dangerous for divers to remove such things from the sea bed,And then there is the damage to marine life Through removing large parts of their habitat.

Remember the massive tax relief which will be involved here and it is us tax payers who foot the bill.
The OGA are looking to maximise recovery in abandoned,and undeveloped smaller oil fields through ‘hubs’ so they are making huge moves to reduce decoms to attract new development.
I think the actual target was to half decom costs for all of the North Sea fields.

Current cash flow is over $100M a year after tax and abex and we have a Mcap of £230M this is a cheap company even if we didn’t have around $300m of unrestricted cash on the balance sheet but the fact we do is absolutely mind blowing.

The fact we could be producing 50kboepd by 2021 with another acquisition and area and tain online makes me not care about decoms one bit.

Incredible value here.

Worth noting, the Shearwater will have a positive effect on other operators as well. Serica Energy has recently filed a field development plan (FDP) for the Columbus development located in the UK North Sea. The Columbus field will be drained by a single subsea well, which will be connected to the proposed Arran-Shearwater pipeline, through which Columbus production will be exported along with Arran field production.

Who wants it more??

The more I read the more I am quietly confident we are working on buying BPs stake in sheerwater.
I know It has been mentioned before by other posters but it just makes perfect sense in every way way, from price tag, to production capacity with arran tie back and it being gas which AA Is looking for.
BP re launched the sale in June when talks fell through with shell for £193M.
I’m Not sure of remaining 2p but shell are looking to reinvest there so must be confident of booking in a lot more reserves and would welcome a partner willing to work with them on that.

With a little holding of £2k but this risk reward here is phenomenal, if rkh secure ukef deal this will be 5-6p on open and could see 10p in a blink of an eye.
Once the Falklands are opened up there will be companies piling in BORs data room and then if they farm out it’s back to 30p mark imo. We can dream!

Due a good rise here if oil holds or continues bullish. $68 by Xmas imo.

(My punctuation is shocking, some of those commas were meant to be full stops.)

Pretty confident the downtrend of oil is starting to reverse aswell, it’s suffered for years now, shale riddled with bonds they can’t cover , and natural depletion/lack of exploration is going to show in 2020 imo, hoping it has been a perfect storm for us as we are positioned perfectly to make obscene amounts of profits from anything $60+, imagine $80 again..

In a way a would rather we didn’t buy I3e(yet) I think the market wouldn’t react Aswell to it, it’s expecting more producing assets, something big.
#i3e still needs appraisals to be worth anything so I think that would be more of a farm in type deal next year?
Just guess work but I think AA will be looking to utilise that mountain of cash on something bigger, already producing and then we will all be sat at £30 a share posting the same thing, “when will the market wake up to the value here”

Be nice to break the 1700’s today once and for all (see, I don’t say we will)
Hopefully as soon as we do make a clear and clean break, we should motor ahead to £20, that’s just my gut feeling.

Your gut feeling is well off mate. Hahaha

As for RRE sp, I can’t beleive it either but remeber the retrace from £6 52 week high? Then it recovered, and then it rallied to £8 within a couple of weeks and then £18-£19, patience is needed although I’m not trying to pretend mine not being tested either. More of the same please Andrew.

thought serenity would have been seen as a major positive here.
I may be completely off track with this but I read that Rns as though production rates will need to be agreed so one doesn’t deplete reserves quiker than the other if Tain and Serenity are connected?
Any thoughts?

Hit oil, should see us climb a little aswell

Turning nicely, shale looks like it’s starting to struggle to raise funds for drilling.
$70 oil coming very soon. Don’t forget that $2 premium to Brent ;-) Still cant see a better buy than this.

They would have been an rns this morning if it was a duster but who knows, buying pressure this morning could be an indication.

At 19p?

And I’ll say it again, serica is looking cheap imo. £400M offer 20% premium to today’s close and that would be a monster acquisition that ticks all the boxes for us.

Gone through, what does the - mean?

Cavendish have only moved 0.5%! Looks like more selling to get to below 10% if that’s the target

Tr-1 soon hopefully, then we should head north quickly fingers crossed.

And the sad bastard is back.

I remember writing pretty much the exact same message word for word back in January and getting pretty much the exact same response as unity just gave. Hahah it really is incredible the value here and you do question yourself when researching this one.