Yes, but if you are building a position anyways, and knowing this will go much higher, one is never caught holding unwanted shares - just don't play/risk your core and get caught out come the eventual buy-out.
RE: Stena Forth Midnight Position21 Aug 2019 13:58
I'll leave that up to noix to calculate. 6 minutes of change from her drilling position over Jethro is roughly 6 nautical if she were located at the equator, but once again, I'm a landlubber and in over my head here.
noix, Tullow's 'Jethro-1 Well Result' report, Slide 4, would suggest Jethro-1 and Joe are ~ 27 klicks apart. This is very rough and those slides are illustrative at best but do the change in co-ordinates correspond roughly to that distance.
Marine Traffic Data reports Midnight Position of Stena Forth unchanged from the co-ordinates reported for her Noon Time Position yesterday. Midnight Position report time was 2019-08-18 03:38 UTC, her speed at the time .1 knots. Can we assume she has stopped over Joe drill site?
Position Lat/Lon: 8.14616° / -57.27784° , the position of drill location. Her speed at midnight was just .2 knots. Not much but then they aren't going far. Could this be due to their not needing to secure everything like they would for a transatlantic voyage at greater speeds?
Many here aren't familiar enough with the Venture. I've tried many times to have you chaps ignore it but for some it just doesn't work. I've seen this stock taken down big time on just 8 shares, to which I've chocked up to mms settling accounts. Today is different of course, there is a recession coming and our economy mainly depends on oil, raw materials and the banks. I'm afraid your turn is coming also, October 31, good luck with that one mates.