Member Info for specul8

Blake DeBerry, president and CEO of Dril-Quip, said: “We are excited that Premier has chosen Dril-Quip to be their trusted provider of subsea equipment for Sea Lion and that Dril-Quip’s scope of work for the project is progressing according to plan. We will continue to support Premier

https://www.upstreamonline.com/incoming/1744935/sea-lion-fid-hangs-on-financing

US contractor Dril-Quip is set to be awarded the contract for Sea Lion’s subsea production system under a frame agreement with Premier, while Subsea 7 carried out the FEED on subsea umbilicals, risers and flowlines.

he Perth development is located in block 15/21C in the Outer Moray Firth. The initial Core Perth development will comprise up to five production and two water injection wells (phased) tied back via a dedicated manifold. The chosen development concept is now a subsea tie-back to the nearby Scott platform, which is circa 10.45km away. The project is scheduled to get OGA approval to go in to FEED in April 2019. FID is planned for Q4 2019 with 1st hydrocarbons currently planned for 1H 2022. We are currently executing a number of scopes with our chosen engineering contractors. We are not looking for any additional support from the supply chain at this time

only a few months before FID

are you on linkedin if so look me up graham ferguson iods

mary i admire your optimistic approach have you ever worked for or under Tom Cross ?

just read their june presentation, very comprehensive, they are forcasting 27% growth in Netherlands production for 2019

https://www.vermilionenergy.com/invest-with-us/events--presentations.cfm

Can only be great news for PMG
Extract from oil and Gas authority
On 4 June 2019, the Oil and Gas Authority offered for award 37 licence areas over 141 blocks or part-blocks to 30 companies in the 31st Offshore Licensing Round.

These successful awards act as a strong platform for future exploration and production in frontier areas of the UK Continental Shelf (UKCS) in the Faroe-Shetland Basin, Moray Firth, East Irish Sea, East Shetland Platform, Mid North Sea High and English Channel.

A number of proposed new work programmes have been secured in this round, including new shoot seismic acquisition, with two licences progressing straight to field development planning (second term licences).

Overall, the awards have been offered to a broad spectrum of companies; with super-majors expanding their footprint and new entrant companies investing for the first time.

Extract from IC
In effect, these three assets back up £33m of Parkmead’s £52m market
capitalisation, meaning that the company’s exploration activities across 30
licences in the North Sea, any one of which has potential to create substantial
investment upside for shareholders, are in the price for just £19m. The most
valuable are three licences in the Moray Firth that contain the Perth and Dolphin
fields.
Bearing this in mind, I can reveal that a detailed engineering study carried out by
Nexen Petroleum, a subsidiary of the China National Offshore Oil Corporation
(CNOOC), has confirmed the technical feasibility of a potential subsea tie-back of
Parkmead’s Greater Perth Area (GPA) project to the Nexen-operated Scott
platform and associated facilities in the UK Central North Sea. Parkmead has now
entered into commercial discussions with the Scott field partners to explore terms
for a tie-back of GPA to Scott. A tie-back has the potential to transform the GPA
project both commercially and economically, by dramatically reducing the capital
expenditure required to bring the GPA project onstream and by lowering the
operating costs thereafter.

this was posted last week in Business cameroon news,
https://www.businessincameroon.com/hydrocarbons/1406-9216-cameroon-victoria-oil-and-gas-average-gas-production-reached-8-5mln-mmscfd-as-at-jan-19-up-51-from-q4-2018

this can only be good for VOG

(Business in Cameroon) - Cameroon’s electricity company Eneo announces it successfully connected 29,487 new households to the national grid at end April 2019, up 27.4% compared to the same period last year.

The company also reports a total of 1,204,912 customers on grid over the period reviewed, reflecting a year-on-year improvement by 6.6%. And currently, it says, 7,961 others are waiting to be connected.

Eneo attributes its performances to the improvement in response time which made it possible to carry out 89% of connections on time, 15.7% better than the same period in 2018. “Overall, the average time taken to complete the connections has risen from 18 days in 2018 to 4 days in 2019. In urban areas, time went from 11 days in 2018 to 3 days now; and from 29 days in 2018 to 14 days, in rural areas.”

Yet, the company regrets the deterioration in the quality of energy delivered to users in recent months. Although work on the grid has been intensified, the number of micro power outages (less than one hour) increased, with an average of more than two per day.

no i cannot give detail on the date for the news to hit the market

ralph what information to hold
i suspect none

I firmly believe that the funding is already in place, due to the geo politics, brexit and new Argentinian government then the promotion of the funding date is sensitive, I do believe that we will see it this year sooner rather than later
when a new leader is put in place for the tories would probably be a good time, this share will without doubt triple in value , i have been fortunate to have first hand experience of the falklanders and they are delighted to see the falkland islands become a hub for british oil and gas.
while i see this tripling on a decision, i also foresee the return of above £5 per

GLA

another 5% of this company bought by hotchkis wouldnt be surprised if this doubles in the next few months
news on africa FID imminent 50000 bopd due to cne
arbitration news in next 6 months could be worth around a billion in cash
there is only one direction for this to go onwards and upwards

taken from RKH website

The Sea Lion Discovery Area is due to expire on 15 April 2020. The submission of the final Field Development Plan for FIG approval is expected before that date and therefore no further license extension is currently thought to be required from FIG

https://www.telegraph.co.uk/finance/financetopics/profiles/8113069/Dana-Petroleum-chief-Tom-Cross-reflects-on-the-deal-of-the-decade.html

Low & Bonar PLC (LON:LWB), which is in the basic materials business, and is based in United Kingdom, received a lot of attention from a substantial price movement on the LSE over the last few months, increasing to £0.53 at one point, and dropping to the lows of £0.27. This high level of volatility gives investors the opportunity to enter into the stock, and potentially buy at an artificially low price. A question to answer is whether Low & Bonar’s current trading price of £0.27 reflective of the actual value of the small-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let’s take a look at Low & Bonar’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change.

Check out our latest analysis for Low & Bonar
What’s the opportunity in Low & Bonar?
Good news, investors! Low & Bonar is still a bargain right now. According to my valuation, the intrinsic value for the stock is £0.35, but it is currently trading at UK£0.27 on the share market, meaning that there is still an opportunity to buy now. Another thing to keep in mind is that Low & Bonar’s share price is quite stable relative to the rest of the market, as indicated by its low beta. This means that if you believe the current share price should move towards its intrinsic value over time, a low beta could suggest it is not likely to reach that level anytime soon, and once it’s there, it may be hard to fall back down into an attractive buying range again.

takeover imminent somebody is buying this share, sterling have really increased their shareholding upto 21.05% there is no reason for this to be quite so low, i reckon within the month we will see news of a takeover

arbitration decision imminent
Sealion decision imminent
this will double at least on news, Sealion is a baw hair from the finishing post before a FID this will be an accelerated project from FID to first oil
Arbitration decision this could be be mega bucks, this is based on past costs and future profits brilliant entry point for those who have spare cash

give us upto date news not 24 months old