Member Info for S740

Because they don't want to make a rod for their own back.
They publish the date, something happens quite possibly outside of their control, equipment late, personnel ill, whatever, and they then get all the usual culprits accusing them of incompetence and we get the nervous selling.

First rule of RNSs don't make a promise until it's absolutely nailed on, or better already happening.

If that's what you believe Lew, why don't you buy now in your trading account, and then do a bed & isa in April?

RNST you state several "FACTs", unfortunately I can't find where the West Newton JV agreement has been published, perhaps you could point it out. All eventualities of who can sell what to whom and what % of holdings are needed to make an agreement binding on all partners will be covered in this. If you actually think that any partner can just off load at will, you are very likely wrong, but without sight of the agreement none of us know for sure.

If RBD really want UJO out of the picture the surest way is a successful hostile bid. Trust in DB to repel any such action, he can certainly rely on my support.

Gazza, if you're going to do a copy and paste job from CJoes blog you should really give the source; if only to deflect the inevitable kick back.

Heavy oil tankers are built to 33000 litres not 38000. You don't build hazardous tankers larger than is necessary due to it being illegal under dangerous goods regulations to move them at between 20 and 80% capacity. ie they are either less than 20% full or more than 80% full not inbetween.

The midlift will drop automatically when it reaches 30kph, the tyres suggest it's loaded. The trailer is a heavy oil tanker, not a waste tanker which would have anti vacuum ribs.
Much more interesting though is the HazChem plaque, now I only have my phone at the moment but with a bit if squinting I think the lower number is 1267, maybe somebody with a larger screen can confirm. 1267 is the UN code for Crude Oil.

AJW, a tanker load. A standard artic tanker in the UK is 44t gtw, a single compartment heavy oil tank semi trailer weighs 7600kg or there abouts, tractor unit tare weights vary greatly, but most tanker operators go to the lighter end so a tare of around 8400kg is reasonable including liquid pump, giving a total unladen weight of 16000kg, so a payload of 28000kg. Given a specific gravity of crude oil of 865gm/litre, although this varies according to API, this gets us 32700 litres in round figures, which is 201 UK barrels, or 278 US barrels. Incidentally virtually all UK market heavy oil/bitumen tankers are built for 33000l + 1% ullage.

Also worth bearing in mind for those counting tankers, is that they will always be full, a) because it's more cost efficient and b) because under hazardous goods by road rules moving a hazardous tanker at less than 80% full is illegal due to the ullage surge (sloshing about) making the vehicle unstable, this is legally allowed for milk and food stuffs, but not for hazardous.

Legally yes, but if UJO ever wants the opportunity of a future JV, having previously blocked the majority from selling would prove an obstacle.

This is all irrelevant anyway since it isn't going to happen, I am simply making the point the DB is not on his own in the driving seat at WN, there are other, larger views to be considered.

I also hope/expect for the sale to be after EWT results, however unfortunately Heid's faith in DB is misplaced, if the owners of the other 83.35% wish to sell, sold it will be, unfortunately.

If you're a holder Nightgaunt did you vote for this back in November or not, or don't you remember/couldn't be bothered? I, likemost others voted for it, not because I like it but simply to preserve cash, either way this shouldn't have come as a surprise. If you voted against, well I'm sorry you lost, but the majority prevails and for most of us some small dilution is better than administration.

BP had to pay for the cleanup because they self-insure, ie don't bother with it, very common among companies of that scale and resource jurisdictios accept this because they know that if the worst happens they can pay. BPC on the other hand cannot pay so we carry clean-up insurance.

Yes, those tax losses are our biggest asset by far currently.

Now I'm not a prolific poster but this Andy chap has 116 over 12 years mostly just after joining, now one unsubstantiated message of doom and gloom usually claiming some sort of inside knowledge about once a year in different shares.
We'll see what develops.

Two points, firstly the crucial word in "energy imports" is import, meaning we charge the tariff, we don't pay a tariff. Secondly the current tariff between the WTO and EU for natural gas is 0%. So whilst I whole heartedly agree that it is better to produce our own you are worrying about nothing in relation to post Brexit gas tariffs.

AIS just updated

Destination Freeport Bahamas
ETA 15/12 @ 07:00

I think youre being a bit optimistic bah1 about the Icemax performance levels. An economical cruise I would expect to be 7knots ish, I'm not sure that it would be capable of 10 knots flat out. When a vessel is intended to remain stationary for most of its life, why build it first speed?

Price wise I think I'll go along with you.

It's make your mind up time Blueprint, is it 500 barrels or is it 4 tankers? Given an average tare weight for tanker and tractor and an API of 30 for the oil you get 205 barrels per tanker.

By the way it is definitely 500 bpd, at least for now.

It's just been on BBC news 24 that Pfizer are supplying suitable storage cases which will hold temperature for two weeks with twice daily opening.
It's also worth remembering that bull and horse semen is transported around the world in hand portable liquid nitrogen tanks with a capacity of 15 litres which will maintain less than -100 for over 6 months; I'm not saying that these are the answer but this problem is not as insurmountable as it sounds.

Business as usual (whatever that is), except that shares cannot be traded.
I take it that this is the first time you've held a suspended stock PJ, either it will come back usually stronger or in six months it vanishes, chill there's nothing you can do now but wait and see.

GG, 01624 is not a premium rate number it is the standard STD code for the isle of Man, the message is warning you that as the island is not part of the UK many service providers do not include 01624 in their inclusive bundles and charge you at their standard international rate. This is not something over which BPC have any control, it's just how it is. If you call the island regularly use one of the providers who do include it in their bundle.