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Knots - apologies, i take that back - seems the iso standard is kn (been in defence for 47 years and never seen anything other than kt for knot, one learns something new everyday....)
gla
tigger; don't expect max rate x max/all days: there may well have been a significant (Multi-day) shut-in on each well to assess pressure recovery values. (Those plots need to determine the tail of the recovery with more daytapoints 'further-out').
gla
Knots are abbreviated to kts. Small k.
gla
p.s;acquisitions: I do so, so , so hope that is NOT a path Hur is considering. No, No, no f*ing no. Get the oil out of LanFax & linWick (15 yr programme) then done. Given the current HUR position in thelight of the green activist environment, trying to dev further hydrocarbon assets would, imo, be hubris to the point of insanity.
gla
Northern; imo hur's 'strategy' has become clouded by the notional 'buyers-strike': the game has been to sell major developed asset for value realisation, but the hints are there that the bod are at least (long last, some might say) considering options should the buyer's strike be realand continue - the appearance of more fpso's on the mid-twenties dev't plans alludes to this. So, will LanFax be sold?I don't know. but worst case (??) is that in a few years time thre are two/three big fpso's on Lanfax (and likely LinWick too, by the sound of things) shovelling say 100k bbl/d upwards. Simple sums time and you get a divi of approximately the current sp. Still so desperate to get a quid a share next summer? Of course, the downside risk (other than noil, the giant squid et al) is that greentax and oil overproduction will progressively reduce the profits, but at even half the ~$1 level that's some roi. Of course, upside is that hur take the buyer's strike and green positions seriously, and up the rate to 200k bbl/d, as, imo, they damn well (sorry) should. Hmmmm......
GLA
Beery; remember pressure is transmitted in fluids at the speed of sound of that fluid, minus 'losses' along the way - in sandstoney-type reservoirs those are significant, but in wide-aperture high-volume networks such as what hur believe they have in their bit of the Rona basement, sos might be close to the theoretical 'ideal' value - i.e. very approximately 1500m/s. Given the physics of flow ramp (up/down) one wouldn't see a square-wave but I believe the reports indicate hur have seen pretty quick responses in Lancs so far...........
gla
sorry, that was a response to IANAA's "Also, isn't a flare usually spotted prior to the well test?"............
gla
not at WD it wasn't.........
gla
given the current (apparent) trend of Cuadrilla sentiments towards it's UK onshore gas-fracking ops, maybe the probable cessation of such UK onshore activity gives offshore gas a boost from the perspective of 'soveriegn' strategy. Good for WoSP connection......(?)
gla
don't give up, slip - you and Laserdisc fend-off that 'not much happening' feeling the derampers would like to promulgate. Excellent.
p.s. put your fingers on my elbow and the creation wouldn't get off the bench even with 1000 KVA through it..! (SOmetimes i wonder what the age demographic is onthis bb.....think i can guess!)
GLA
You're slipping, Slip.......
butt hanks.
gla
TDG; you're annoying - because you're right, largely. (I'm going to pin a bit of hope on Shell or CNooC puting some money up, though......and it probably won't be when we expect it, so i'll risk and hold. Doh.)
gla
Dalts; hereare three:
1. Following release of WW (crestal) results, the sp will decline from peak by about 15% until the next eps update is released. 2. TDG will be back stating his buy-inpoint is about to be reached (and (b) how much profit he has made, and (c) how stupid are those of us who don't do the same). 3. I will respond by reminding him of the big cheese: a major buy-in/out.
how's that - boring and predictable?!
GLA
Flappinchicken; no, not all other taxpayers do feel the same way - there is a lot to be said for capitalism, but often the best outcomes require a bit of altruism/philanthropy. Sometimes, investments make great returns - especially when they relate to infrastructure and other big capex items that otherwise might be unaffordable right now. (And, as littlened points-out, the gov't would be acting as guarantor, not funding the show...) Economics is littered, of course, with bad governmental spending decisions, like bailing the banks in 2008. I know where MY taxpayer money would be better spent.........
gla
bandanaman: agree entirely with your sentiments re UK as an investment case; the politicians have donald-trucked it completely, but the screwing-over of industry has been happening for many decades - since wwii one might suggest, when the nation was broke but aristocracy and the Eton pig-lovers still held the reins. (Since the 60's, per-capita R&D investment in the UK has been approximately half that of the US). Some folk think we'll return to those halcyonic days, but sxx's plight tells us firmly that will not be the case. So, imo a 10:1 then ~ 2bn new shares coming (or more, depending how it's raised). Shame the bullet wasn't bitten 18 months ago; as someone sagely commented a while ago on another bb; beware of hubris.
GLA
two of these would do nicely, thanks........
https://www.offshore-mag.com/rigs-vessels/article/14068791/sbm-offshore-secures-financing-for-second-liza-fpso?utm_source=OFF+International&utm_medium=email&utm_campaign=CPS191021053&o_eid=4870I3206856E5I&rdx.ident%5Bpull%5D=omeda%7C4870I3206856E5I&oly_enc_id=4870I3206856E5I
Off-the-cuff, i'd hazard a guess that funding this at 3.57% (Libor + 1.5%) should be within the realms of the possible: now to do some sums.........
gla
Empty, i'm hoping for two big fpso's and 200kbbl/d That's the rate Hur should be looking at to avoid the 'stranded asset' risk becoming excessive, imo.
gla
Hi Jiffy; will try to find info tomorrow - but think it might have been in a 'john Kemp' bulletin or similar - just Shell looking to 'find' new oil assets following recent bankings.....(or words to that effect) A or B, didn't have time to see the detail (if it was there). Sorry, not very explicit, that, maybe better googling 'Shell news' or similar.....
best
GLA
Bedankt Amaja, we'll need all the luck we can get, given the lying disingenuous bunch of self-serving shysters we call politicians that we have here. We are with you in spirit, even if the passport-checking queues are kilometers long. Anyway, RDS are on the hunt for 'stuff', it seems, so maybe Hur's prospective asset suitor will be from your neck of the woods!
gla
Is 'waiting in the freezer' a euphemism for 'down the pub, LW?
gla