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The esp was switched over by the dsv but it had not stopped pumping. From what I have heard. Contract Hurricane for more clarification, they are bound to tell the truth, the whole truth. Etc
ESP lower and upper pumps are in series with a bypass around each allowing for natural flow. When a pump is run the bypass around it reacts to the dp created and diverts the flow through the pump. The second pump remains bypassed. However if the recommended pump flow is exceeded the second offline pumps bypass can activate giving the appearance of, a restriction or deffective pump when all is needed is to back it off.
But why not rns it anyway lol
Just saying like IMO
I get the megger dilution if this deal goes ahead, but what happens to the share price if it rejected?
Thanks for that. Taverham.
Good way to look at it. Little end.
I might have picked this up wrong, but don't Hurricane propose dilution of our share by 95% and give 50 million to the bond holder's? Not now with a market cap or 23 million presumably?
Anyone take a guess what the share price would be if bond holder's approve on the 12th of May.
It's for Lincoln
Not my deluded idea, it was Hurricanes plan 'A' that failed, earlier due to a no bondholder agreement. I believe they might be some way through the alphabet by, now lol.
Persuade bond holder's to extend payback period and approve the side track. No dilution
https://expronews.com/resources/the-competent-persons-report-system-is-ready-for-review/
More chance of Aoka Mizu ending up on Foinaven hired to BP
Any take a guess at why CA have increased their holding in Hurricane, if Hurricane are going to the wall? Other than averaging down and hoping to bail out on a spike, I don't get it. Answer's on a post card pleased.
The key to Hurricanes survival is to persuade the bond holder's to extend the payback period. This will allow the money they have already in the pot to be used to side track P7z. This hasn't happened so far, as like everyone else the bond holder's hope to get their money back. They have their eyes on the ever increasing cash in hurricanes account which they could have with little risk compared to approval of an extended term and another risky drill. As if they needed any further reason not to extend, comments from CA regarding hurricane forward plans probably are not helping negotiations.
Hey Slift
Did Olympic Taurus fit a replacement cap while it was there or remove any debis?
Ship watchers get your binoculars out early next week, for another 500k bbls lifting. At this oil price the current share price is a joke. It has been kept low to attract a low ball bid releasing the bod from a situation they don't want to deal with. All IMHO
They took the new oil water contact based on p7z findings
then applied it to all of Lancaster. Hardly scientific IMO
Sorry to disappoint, Stena Don is not for us in July. Going to Central North Sea apparently.