Member Info for SecretBlueprint

Seadog

You are of course correct. And with testimony from a local twitter user in NFL, it looks like gasoline.

So why is there a picture of dark black crude oil in sample bottles, puporting to be from the GHS well? And when did light oil ever contain wax?

Seadog

You have to forget about nomads, they are not the arbiters of truth. If you need evidence look back to the Beaufort scandal, where a host of nomads were sucked in, they are teenage scribblers who are trying to buy flats in Canary Wharf.

Seadog

This rumour is of course so far away from the publicised strategy of MFD as to be viewed as absurd, since it is not marginal or stranded in any sense of those words. If it is true it may well be transformational but for different reasons.

Anyway, you started the rumour with mention of sharks and hammers, IIRC, so what is your take?

Good evening Seadog

Not just yet, since it is still a rumour. If it turns out corrrect I will apologise profusely as I run laughing to the bank.

As the late Tony Benn said " if the facts change, I can change my opinion " . Me too.

Sharelock, Wobwat

It's all out there, somewhere, but has multiple sources even to using ones own eyes and ears. Join the dots as Minty has reputably told us.

Thank you Ying Tong. That adds some perspective.

I am still trying to fill or kill this rumour in my own mind.

Let us just assume the rumour is correct for once, and not some ramping story from the "long and strong"

The problem with this Brazilian field is that operator ran out of cash , not technical problems and operator was unable to fully develop it during low oil prices. That might sound odd since the operating company was owned by a billionaire, but there we go.

There is already a leased FPSO on station, the OSX-3, so we don't need one of those from China. There is a need for new wells to be drilled in around 100 metres water depth, and a need for those wells to be tied back to a well head platform WHP-2.

That water depth is within the range of a N class jack up rig, which COSL has one idle after the Xcite fiasco. So you can see a scenario where COSL transports the rig to Brazil "in short order" to drill a few development wells. Aker is well placed to tie the wells to WHP-2.

The jack up could then relocate to the North Sea for the Bentley development for Whalsay. The production pods can be installed in Dundee like last time, and there is now a vacant berth at Dundee after one of the Maersk jack ups recently left. Aker is well placed for the work, being the contractor for sister heavy oil field Mariner.

Both the OSX-3 and the Bentley field are ultimately owned by who? Norwegian bondholders, that's who.

Join the dots, LOL

DYOR etc.............

Pijoe

That is my difficulty with MFD

I cannot see what MFDEVCO bring to the party anywhere. Cosl and Aker could eat them for breakfast and probably will, which is why there is no deal yet.

AS

If you remember Barryroe, everyone thought the MFD was shoe in, but one of the consortium , COSL, broke rank, and farmed in without taking anyone else with them.

The Chinese are smarter than your average Salford lad, they might be sleeping both side of tbe blanket at Bentley.

Harry

Before XEL was liquidated they used the Rowan Norway , a N class jack up rig to drill and produce from two wells., export via heated hose to a tanker carrying diluent , and product sold at Rotterdam. A process package was installed on RN in Dundee.

For field development, they asked COSL to commission a dedicated N class which is now idle in China. Its an open goal, just like Germany today

Evening Harry

The statement mentioned facilities, not a FPSO. We know that a MF member, COSL, commissioned a N class jack up from Singapore for Bentley, an offshore proven field. The jack up ended up idle in China when Whalsay made its takeover of XER. It is owned by a Norwegian contractor. China is not renowned for its FPSOs , they are usually from Korea or Singapore.

Instead of saying there are malicious rumours originating in west Newfoundland, and he was sending in the lawyers, he should have explained the true nature of of the technical problem and sent in some engineers.

Poor leadership IMO. It has affected the share price negatively, which was not what he wanted.

No mention of offshore Brazil in yesterdays statement.

Entirely due to the Chairman's statement yesterday. The financial press picked up on his accusation that malicious posters were responsible, rather than the ship's captain and his opaque communications.

It is the last refuge when the captain blames the passengers.

If I am honest Seadog I don't think you know anything of value about what NUOG is doing anywhere. You just post endless cut and paste text from your database of press releases and statements from Minty.

You come over as an accolyte of the family firm and not remotely objective, so I cannot support your input.

Share prices and fundamentals are not connected. One relates to sentiment and the other to the director's skills or lack of them. It remains a fact that this board has never ever delivered a successful project. Thst does not mean they cannot do it but the track record suggests they will not. Their only hope is that PVF will bring home the bacon and that will move the SP.

Mr Matrix

I post at night because i have a real job in the real economy, unlike those jonnies who post surreptitiously at work and con their employers, because they are addicted to so doing.

Good evening Seadog

Pleased to see you are still working on your MBA thesis. What version is this ...27?

Good evening Harry.

In this remote part of the world, LSE has been down for 3 days.

Another question for Simon is his picture of oil samples in bottles. They range from homogenous black oil to black oil with wax deposits, to a white emulsion and to a yellow light crude. If they have all come out of the same well, they must have come from different reservoir intervals. What are we testing?

It might explain why different people are saying different things because they have a different experience. The present site set up includes a LPG fired steam boiler and a heat exchanger which suggests they are expecting a viscous fluid which requires heating ahead of the oil/gas/water separator. Once again, that suggests a low API gravity.

It's a bit adrift from the interviews.

The frustrating part for LTH is watching 1.8 become 0.8 and that penny loss has cost half a million pounds for some NUOG gladiators who did not get out before the Beaufort scandal broke.

There is little to no work onshore in NFL at present and PVF are spending their own time at their own pace at little cost because they can. They are trying to unravel the historical reasons why PAP #3 did not deliver the goods, and the Hibbert interview gave insight to that with wax deposition and lack of equipment. If they fail they will walk and right now that is a binary chance.

The never ending story of the first transformational MF deal is so embarrassing that the CEO has gone off the radar. I am thinking of calling Greater Manchester Police to report a missing person.

Harry

Yes but the skipper has " gone for a burton " .

Short order support in Wasdale?