One of the benefits of long term investing in a company one has done their research on Thedriver.
Just think, in three years here, even you might not be under water.
slipanchor that is beneath you. In your last missive you denigrated my handle and now this.
Earlier you suggested the Amundsen Spirit held around 350,000 barrels of oil. And then you stated that the draft of the first offtake was 15.5m when the maximum draft of the Amundsen Spirit is 15.02m and the actual draft on offload was 11m.
You are wrong every time and despite someone trying to steer and help you, you are oblivious to that. I'm happy to move on from this, I acceded to you earlier and still you perpetuate this nonsense.
Lets hope for your sanity, and mine, that the CMD RNS reads well tomorrow because frankly, you are seriously losing the plot with your incessant drivel posts over the last couple of days.
Everyone else here adds to any existing thread. You want to just keep making new threads. Which tells me you are computer illiterate and need help. Think about it. Conformity. Sensibility. Thought. Consideration. You know it makes sense.
DarkKnight2020 this is what the RNS said:
"Initial analysis indicates that the well intersected a poorly connected section of the fracture network within the oil column. The well did not flow at commercial rates producing a mixture of drilling brine, water, oil and gas.
The Company and its contractors are currently evaluating the drill stem test data and fluid samples with the objective of providing an update on this preliminary analysis at Hurricane's Capital Markets Day, scheduled for 11 July 2019."
We will know more tomorrow, not long to wait.
The Amundsen Spirit maximum draft is 15.02m, the reported draft, from memory at the time, was 11m
Here is a calculator for the AS
1] why do you keep making a new thread rather than adding to the existing one?
2] The Amundsen Spirit's cargo capacity is far greater than that of the Aoka Mizu. End of story.
Just suggesting you don't get hung up on tanker capacities, they are all likely to be greater than the Aoka Mizu.
The offloads will be determined by other factors as set out in the Environmental Statement, have you read it? And the next tanker might not even be the Amundsen Spirit. And that tanker, whatever it is, will have a capacity greater than that of the Aoka Mizu too.
Was just trying to be helpful but this is becoming a chore now.
slipanchor, it's all here, click the link and swipe left
Not splitting hairs slipanchor, you stated you thought the AS carries around 350,000 barrels; she doesn't, summer or winter. She can do, but her actual capacity is twice that. Just because she was reported as carrying 350k barrels doesn't indicate that she was fully loaded, she clearly wasn't and certainly not at 11m draft, which is also what was reported at the time.
The ES goes into great detail about parcel sizes and expected number of shuttle tankers per year so probably better to go with that.
Where do you get your 350k barrels from?
The Amundsen Spirit's cargo tanks can hold 127,700 cubic meters of cargo including slop tanks. That's over 750,000 barrels of oil potentially.
Ideally, Hurricane will want to minimise the number of lifts and the parcel size I believe is 500,000 barrels. Doesn't mean that will be the lift as shuttle tanker availability, weather and other factors will play a role.
Anyway, at 9,000 barrels a day, one would be looking at 55 days from June 18 for the next lift. I'll leave you to work out when that might be.
wellwell, happy to answer you.
Firstly, the wife thing was a joke, you've jabbed at me plenty and then told me afterwards you are joking, apologies for any offence caused.
As for the £100 - £120k down from EPS RNS, this is a funny way to look at it as I wasn't planning on selling at that point in time. But as you knew, every penny was worth close to £17k so you could go as far as to say from the 64p peak to when I sold at circa 52p was closer to £200k on paper. But that's just paper, there is no loss until the investment is crystallized, you know that, and we are substantially in profit overall.
As for today, I'm happy with a 45p entry price and I don't even know how to calculate my new average, I understand it's even possible to have negative averages! But, we have never had so many hurricane shares so Mrs SIPP seems pretty happy, and that we dodged a bullet between Friday and Today. It's not just avoiding a 15% drop but also, when the SP gets back to 52p that will be another 20% gain. What's not to like?
So, as I said in an earlier message, onwards and upwards.