Member Info for SecretBlueprint

What is wrong with mass immigration from India? It will replace the the mass emigration of EU citizens, and they will arrive on aircraft with visas, not on rafts across the Channel

They all speak English and we need doctors, nurses, technicians , truck drivers, care workers, the list is endless. We should welcome them as if they were prodigal sons

I am more of boob man actually, and that was Truss's strong point

You don't grasp politics , do you?

Only after she fessed up to Case.

How did she get caught out when she fessed up ?

Braverman's resignation over a gmail technicality was political engineering. It allowed her to chop the legs off the Truss premiership in her resignation letter, and has been rewarded for it.

The whole point of a buy back is to cancel shares and revert to the situation before they were issued, so as to reverse prior dilution issues. Putting them in Treasury creates a concentrated pot which can be released without warning for any reason whatsoever. So it's not a buy back, but a hold back. It won't achieve the objective of a proper buy back .

If Navitas go for a wet lease FPSO, rather than going for a newbuild, as is now being promoted, most of the existing Premier Oil/ Harbour FEED work is now redundant at great cost and waste. You cannot FEED something that already exists. You might ask the vessel owner to modify it a bit to suit the reservoir properties and location. The operator’s front-end engineering work is now simply the subsea architecture and riser tie ins, which will be largely unchanged.

All the rest of materials such as well casing, tubing, completions, ESPs ,anchor piles, etc will be for the drilling turnkey contractor and the marine installation contractor to provide.

So, there will be only 5 equipment procurement packages to design and specify:
1. Subsea Xmas trees
2. Subsea flowlines and connectors
3. Flexible risers
4. Wellhead templates and riser manifold
5. Well control/monitoring umbilical system

Most of that is done by now surely? It won’t take Navitas a million man hours to review tens of thousands of FEED documents they don’t intend to use, will it? I am sure the lawyers will agree!

It won’t take years to complete, will it? It ought to be a fast track project if the money becomes available. Come on, that's the new situation and it explains why Navitas are going for it.

And just to help the doubters and aspiring philatelists, I think the Falklands Postal Service might issue a commemorative stamp.........

Apropos lawyers in projects.....I was advised to avoid them as far as possible; because they only tell you what you cannot do, rather than what you can do, nor how you can do it.

Quarteng is due to be sacked today. The financial services sector will bounce.

After Quazi Quarteng's Quatermass Experiment, AKA the mini budget, no one in UK wants their money tied up in the financial services sector anymore.

Cable is going down the pan, pension funds getting margin calls, BOE throwing the towel in on support, even Lloyds Bank is down around 5% today. There is a dash for cash to preserve capital in a looming recession. "Non correlated" is not cutting the mustard. ALGW going down with all the rest in a bear market.

Now is the time to deploy that ABT production buoy in Dundee harbour?

When that huge rash of delayed cancelled trades appeared yesterday I looked at other trading platforms to see if there was a better description of them. The official LSE, the London Stock Exchange, did not show any of them, neither did ADVFN.

Each of the trades cancelled out to zero , but each them represented a prior actual trade, as if to sow confusion. I wonder if the trade feed on this LSE bulletin board is corrupted, and if so how, by whom?. I have seen similar delayed cancelled trades on other stock on this LSE feed , including a riot of positions taken during a closing auction.

I am thinking that we are not seeing the truth on the share trade tabs here.

The endless meat grinder of deleted trades cranks on. What possible reason ?

Mirasol
Just scanning through the financial reports, RKH has been paying its share of pre development costs, which were not part of the development carry amount. There was a lot of moaning about that on here at the time. Development starts with FID, surely?

Whackford, sorry, it was in last years half year results, not this year's.

Pboo, you are correct and the H bot is confused. I believe the correct term is "close period" as in close to publication of results. An outsider broker is appointed to carry out a share buyback within FCA strict parameters and the insiders have no control over it and no personal gain from it; so close period rules don't apply.

Buried away deep in the full half yearly report, beyond the ken of Mercopress, is this " As a result of the recently announced decision by Harbour to exit the Sea Lion project, Rockhopper has commenced discussions with FIG as to the impact of such a decision on the Group's deferred tax liability."

There cannot now be a tax liability, because the PMO/ HBR taxable development carry as been contractually extinguished. Eventually the civil servants will wake up, or the courts will wake them up.

Fake news

"#UJO @UnionJackOilplc is considered inside until any value accretive RNS's are out."

?? Strange concept??
How can a company be inside itself?

The document that Mogger linked to , clearly shows what assets can be seized to satisfy a ICSID award and what cannot. Property which serves a State function such as a foreign embassy building has State Exemption. It is only commercial function property which can be seized, such as a state airline or ship fleet or commercial buildings.

Cairn Energy sucessfully went after Air India in USA and the Paris flats which were used by Indian diplomat families in France, which caused India to concede and pay up.

The new Italian State Airline and the Washington houses of Italian diplomats would have advantage of precedent in this case, I imagine.