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Hi,
May NSTA numbers in. I have North Sea at 44,568 boepd for May and running at 44,190 so far this year. Add what you like for Malaysia but with my guesses I am at 48,543 so far this year.
Infill drills to come on the plus side, a bit of maintenance outage as a negative.
GKA debottlenecking recently announced so the only bottlenecking I am expecting tastes like Lambrini and is at the Swinney leaving do. Anyone know when that is . . . and whether he still has a new job??
GLAXXX
Hi,
Enquest have just released this dividends update video for Pelle. They know he wants carrots but are limiting them for the time being.
https://www.youtube.com/watch?v=lYudfFFmw-s
GLAXXX
Hi,
https://www.shetnews.co.uk/2022/07/25/new-gas-pipeline-could-be-installed-at-sullom-voe-terminal/
GLAXXX
Hi,
This from Serica report today:
https://www.dropbox.com/s/01sygeaofm0xv24/Serica%20Jul%2022.jpg?dl=0
Gas average reported at 177p/therm which I have as approx $113 per boe with "modest" gas hedging.
GLAXXX
Hi,
This was fromPelle on Discord but I think it is worth sharing, IPCO realised oil price at Bertram Q1 22 against an assumed Brent average.
https://www.dropbox.com/s/o7pni6o4gh0gm2m/Ipco%20Q1%2022.jpg?dl=0
Cedit to Pelle
GLAXXX
There is often theorising with regard "premium" but this is good evidence.
Hi,
Kistos purchase of portion of Greater Laggan has to be good for Sullom Voe:
https://www.offshore-mag.com/business-briefs/company-news/article/14279392/kistos-joins-west-of-shetland-gla-gas-development
and
CeraPhi are above the radar and committing to stuffing it down Magnus
https://www.thinkgeoenergy.com/ceraphi-announces-manufacturer-to-begin-development-on-closed-loop-geothermal-tech/
Someone from Enquest could put a spin on it?
But they don't.
I've decided that I am with them. Keep shtumm and survive to lessen the risk of someone glueing themsleves to your forecourt.
Quiet Please, Amjad to serve . . . . and it feels like the fifth set.
GLAXXX
Hi,
Yes, unfortunate quoting of an unpartisan Orcadian who have no production and only an investment case bettered by any incentive.
I cannot believe they are still fluffy on a definition of "Normal". Might be $60 to $70 but we are looking into it. Name me another democratic tax in history where the baseline was "Normal". Maybe Richy has had enough of numbers at the Exchequer and will campaign to ban them as PM. Too measurable, too accountable. It is a sign of an insidious and lazy government. "Just about enough not to revolt" being the ultimate goal.
With regard the oil price I currently don't think it will get anywhere near $70 but that is not the point. We know there are pandemics, we know there is war on European soil. Black Swans still have to **** and rules should be defined.
Frikk they make me sick.
On a lighter note some will be relieved to know that all is good with Neil Hannon at Space station C Unst. Now fully trained, he has made first launch just behind a three year old gerbil and awaits a date.
https://saxavord.com/successful-test-exercise-and-launch-simulation/
The reassuringly named Head of Operations "Mr Slaughter", despite lack of test launch, seems to think all is good with emergency organisations and promises they will stay well clear of Armada Kraken.
GLAXXX
Hi,
Last Kraken load is currently offloading at Scapa Flow and going to Fujairah. I don't think we have had a load go direct ex Europe for a while but as the VLSFO price difference to Rotterdam widens maybe it becomes cost effective . . . and beneficial.
GLAXXX
Hi
Altera Wave at Kraken tomorrow at 1200. The Kremey Kargo of Kretaceous Kraken Oil as desperate for a snergelly hose as Bojo is for a lifeline.
I have also discovered the filter button and lost a lot of board based therapy sessions because of it. I'm good with that, but would add to the compendium of sage investing that: "If you leave a bunch of monkeys in a cage with a loaded typewriter they will inevitably work out how to wipe their arses on it."
GLAXXX
Hi,
Let's bring it back to the penguins.
I find it frustrating that the PR is that of a shrinking violet but look at the UKOG AGM and Silverstone today. There is a good argument to keep the bunting in the cupboard and try and stay below radar. We are a stealth penguin. I think this must be strategic and more so now than ever. It has to be difficult to announce success when you are in the sights of so many wanting to poop on your doormat. Half Year results, 6th September "tbc" (keep 'em guessing), should be interesting.
Fun Penguin fact: "Male penguins do not have *****es, but both penguins have cloacas which functions for metabolism and reproduction."
IR have always responded quickly, precisely and politely if I have asked a question. Not often, and I usually state that they probably have something much more important to be doing.
GLAXXX
Hi
Uzma, loud and proud, finished the workovers, ahead of schedule, no lost time, happier than Ammu at a Custard Pie sale.
https://www.instagram.com/p/Cfc8Nf7hR_Z/
Enquest . . . . snoooooooooozzzzzzing.
GLAXXX
Hi
I can tell you that in line with May Operations Update to April production is as expected with April NSTA data in. I won't dwell on the numbers. All is good.
I then typed a mental wellbeing message linking a hippo whiplashing his faeces with a speedy rotary tail action to represent **** hitting the fan and then a section on Sesame Street Elmo feeling happy and sad with Kermit to illustrate things can only (possibly perhaps) get better but somehow deleted the links.
Googoo them if desired.
You are either in or out and know what you think you know but frikk me this is a mind mangler.
GLAXXX
Hi
Proof of Magnus drilling.
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1087263/DR-2264-0.pdf
All that extra product bound to take a few more pence off the share price!!
GLAXXX
Hi
Wonder if this takes in Eagle?
https://www.tgs.com/press-releases/tgs-announces-seismic-reprocessing-project-in-central-north-sea
Whatever happened to Eagle and Hibiscus? Industry supported project.15% or more , developed after 2025 to give Richi the finger?
GLAXXX
Hi,
Nice suggestions Tommo. This is where they should go: tax.oilgas@hmrc.gsi.gov.uk, consultation closes tomorrow 11:45.
I think decommissioning costs have been very ruled out.
I can't believe they haven't even thought of a distinction between oil and gas price and no mention for a trigger price for this to stop or restart. Don't even start me on a reference to an actual realised price (hedging) and its relation to a trigger price.
What a shower of disconnected ****. Let's say a new Covid strain hits and the world goes tits up again or WW3. Frikkin muppets and they are making the laws that govern this country. Wouldn't trust them to mop up the drizzle on the end of my snergelly hose.
GLAXXX
Hi,
https://www.gov.uk/government/consultations/draft-legislation-energy-oil-and-gas-profits-levy-bill
https://www.gov.uk/government/consultations/draft-legislation-energy-oil-and-gas-profits-levy-bill/draft-explanatory-note--2
I had a go but beyond me . . . .
GLAXXX
Hi,
Nothing like a fresh tanker to take away the long lasting, self fulfilling Enquest Blues. Petronordic to load up another Kremey Crop, probably valued at more than the entire company. Due tomorrow evening.
Update on AGM Q and A's when you are sober and stopped fighting please.
GLAXXX