Member Info for Steveiom

Could this drill ship be got on the cheap, every cloud has a silver lining. https://www.oedigital.com/news/476497-valaris-drops-bop-stack-to-seafloor-offshore-angola

I'm waiting on Envoi Allen more chance of picking up in the first at Cheltenham than SP breaking silence any time soon. Hopefully he's not there trying to raise more money.

Fingers crossed it's not an RNS saying the bank account is zero and the BOD have disappeared with a new Bitcoin wallet, saying that nothing would surprise me at the moment after the last few week's conflicting information.

Strong buys this afternoon ......lol

Good job I'm colour blind .......lol

Oh for the FCA.....and their posting of false or misleading information may constitute market abuse....zzzzzzz can they chase you for posting say false or misleading information if it's from the BPC BOD. I promise I will not repost anything said by SP about having a rig or drilling in April. I don't want to go to prison for 7 years. LOL

Well heads purchased, I sincerely hope not. I wouldn't believe a word that's been said by SP until it's in an RNS. All well (pardon the pun) and good him saying we have a rig, we are going to drill in April, but none of that has appeared in an RNS, be happy to be proven wrong though.

Nice big dump of shares done after 12 not showing up in here. A Whopper

Totally agree. He would have been better keeping his mouth shut the other week rather than tell the world we are on course to drill in April and that we have a rig. Coronavirus has nowt to do with this. His reputation is in tatters unless we get a decent RNS by the end of the week. Extremely misleading at minimum.

Makes one think whether reputation in the industry actually has any value. For SP to state very clearly that we have our rig and will spud in April and then for this RNS to come makes his statement look at the very least disingenuous or worse still misleading. His reputation is shot unless he comes out with something positive. We did not have a rig at the time he said this. I believe reputation is everything even for people like SP which does give a glimmer of hope that he's going to pull this out of the fire.

Ooooops we have our rig it was this that and the other built in 2014 to we don't have a rig. Unbelievable LOL

Someone spooked or does someone know :) 6 mil is a half decent dump compared to my amount. Ships leak, loose tongues, we all know nothing is airtight.

Would be nice but I have a sneaky feeling we may have a delay on drilling. Just a thought but if and it's a big IF, a farm-in is sorted we could have up until the end of the year to wait for any drill results. Just a thought.
Have a nice weekend y'all.

Totally agree Bonum, won't be buying anything above 4p no need to, I've been in at 2p for a while now, if we do sink like a drill bit in the desert you'd have to be crackers not to plunge in for a top up. I doubt that will come though even without news, another tree shake may get it down to 3.5 ish but can't see it any lower than that unless we dust.
ATB

Hopefully this will drop like a drill bit through sand today. Then I'm guessing we hit bottom around 11.00 time for a brew and a top up, hopefully below the 4p mark.
ATB LTH's

Plenty of sells today. A very red day so far even if it is another day closer to April.

What could possibly go wrong. Rig is a done deal so we're told, money ain't a problem so we're told, EA in place, so what's the issue. If take the statements from Potter as gospel the boxes are all ticked. All I need to see is that beast West Saturn moving on my ship tracker ??

The pdf that they published today giving an update for their Q4 results/fleet status doesn't show anything other than it being in the GOM. Nothing about availability or contracts, not saying that it won't be the one but it would be good to have seen that it's not available from March until whenever. They show plenty of info on other rigs, where they are, day rate, client and dates. May be Seadrill are just waiting for a signature and a payment then we'll see that beast moving.

Makes you think which is it to be. I trust 100% that we are drilling but which ship is interesting.

Looks like Western Saturn is still available according to today's latest from Seadrill. I guess it's nice to see it's not been snapped up to elsewhere. Fingers crossed it's going to the Bahamas shortly.