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Hi,
Don't think this development was aired here previously. Don't take a £17million fine without a fight.
https://www.oedigital.com/news/494139-enquest-sends-arbitration-notice-to-barakah-offshore
GLAXXX
Hi,
No not the pet name for my wine fridge . . .
"Suncor holds a 40 per cent interest in the Rosebank project, which is located about 80 miles (130 kilometes) northwest of the Shetland Islands and is operated by Equinor ASA. The company is currently trying to divest its Suncor Energy Norge AS unit, with non-operated stakes in three fields in the North and Norwegian seas, and several exploration assets in the region. "
. . .and it needs an FPSO
https://www.energyvoice.com/oilandgas/north-sea/192834/equinor-revising-plans-for-rosebank-project/
Decision for FID coming up in May
https://jpt.spe.org/equinor-targets-2022-fid-rosebank-project
GLAXXX
Hi McLondoner et al,
Nov 21 Boepd
Kraken 17,658
GEAD 8,527
Magnus 7,286
The Rest 3,389
Malaysia 5,208
Enq 41,888
Have to fess up to my earler Magnus claim being a bit hasty. My eye was drawn to a Magnus Sales Volume cell which happened to be bob on the OU year end Magnus figure. Not the right cell to justify my prediction. It actually looks like poor wee Magnus was still off sick in December. Lucky to get into five digits.
However to end on a plus, 50,810 Jan 22 . . . phwoooarrr
GLAXXX
Hi L3,
The OGA November figures are in (I nudged them) and Magnus was worse in November than October . . . which means according to my numbers that it must have performed at a 12 month peak in December. Which is a tiny piece of good news on the sisyphean turd coated treadmill of enquestrian belief.
GLAXXX
Hi,
Most know I am a stickler for sensitivity and a stalwart for diplomacy. I stumbled on it a while ago but I think it is heads below the parapet at present I don't think there will be anything extraordinary in the update unless it is EP or another field interest. Figures will be downplayed and left for us to fill in the gaps (as ever). It is frustrating but I think I have my head around it at present , the intrigue and uncertainty will prevail for a purpose.
On other matters I'm thinking about selling tickets for "Trolls in Space" when Shetland Space Station recently rebranded as SaxaVord Pathfinder Space Port (No ****) goes mission critical
https://saxavord.com/
Might coincide with the 60p fireworks extravaganza party?
Will give OGA November button cruncher a nudge in the morning.
GLAXXX
Hi Gurun,
It is boe per day not barrels per month. Run the math with days and it improves a tiny teeny tiny bit (it all helps). I give GE a week in October so 68 days. So that is 360 odd boepd improvement total unless the Chardonnay is talking.
I can go with decline against drilling but your figures are based on the relatively poor figures from a multitude of assets in 21 rather than factoring in fixes etc.. No disrespect but a tad pessimistic . . .but you sit four places above me on the Romaron share price competition so you can't be.
Thanks for the input anyhow, always good to see how people work with what they have.
GLAXXX
Hi,
https://www.energyvoice.com/renewables-energy-transition/383604/oguk-rebrand-offshore-energies-uk-north-sea/?fbclid=IwAR0M9lDI_imBytO-tmvMkSfyvIiycOu5pvMcYhJqqV3KGuYxCcsUG2uEGwk#
Dump the "Oil and Gas" It is "Offshore Energies" now. Shows the pressure to be aligned with the zeitgeist We're ok I think but BP are frikked.
GLAXXX
https://www.energyvoice.com/renewables-energy-transition/383604/oguk-rebrand-offshore-energies-uk-north-sea/?fbclid=IwAR0M9lDI_imBytO-tmvMkSfyvIiycOu5pvMcYhJqqV3KGuYxCcsUG2uEGwk#
Hi @Indy0105,
You must have faith in John Penrose. He's an "Infrastructure and Energy Director" and everything.
https://www.energyvoice.com/events/offshore-europe/349331/enquest-magnus-great-future/
And, "The Group has concluded the production enhancement programme along with the coiled tubing campaign" and "two-well drilling campaign anticipated in 2022"
Magnus going to be oiler than a grease wrestlers guiche at the end of Ramadan.
GLAXXX
Hi,
I'm fairly similar to @SaveMore with maintenance, makeovers and fixes all factored in.
2022
Kraken 20,250 boepd
Magnus 15950 boepd
Other 3800 boepd
GEAD 9700 boepd
Malaysia 5500
Target Range 52250-58250boepd
This is what it looks like on a graph.
https://www.dropbox.com/s/2rk3fts3xp1howh/Enquest%202022%20Predicted.pdf?dl=0
The graph is of predicted OGA numbers so gets decreased a bit for comparison to reported numbers.
2021 I think reported FY 44850 boepd
GLAXXX
Hi,
"House Trained", not strictly true. He was taught how to poop in a bag for an extra twenty quid while on EP.
In hindsight of great benefit because you don't need that floating around at zero-G.
Tullow tribe might find interpretation of the above quite challenging?
GLAXXX
Hi,
Here's the pressure on the ESG agenda to avoid oil investment.
https://theferret.scot/edinburgh-investment-firms-fund-climate-destroying/
Looks like Enquest and some major investors have moved to the head of the queue. Nice to be winning something.
GLAXXX
Hi L3, McL7 et al,
The Magnus gas sales and purchase info is locked up as tight as the comforter in Amjad's bedside cabinet and Nanny doesn't use the internet.
If you use the same ratio of third party gas cost of sales 2020 against gas and condensate sales 2020 then with November update Magnus sales of $110 million (and ignoring any other '21 G&C sales) factored up from 10 months as reported in November update to full year then you are looking at a $21.5 million increase in revenue. But you don't know how much they are contracted to purchase or the price so it's about as useful as a condom machine at a Sistine Conclave.
It's a waste of maths, as my ex boss used to say: "If we had any bacon we could have bacon and eggs if we had any eggs."
We'll pick up some breakfast table scraps early February!!
GLAXXX
Hi
https://shipandbunker.com/news/world/928770-global-average-vlsfo-price-hits-all-time-high
GLAXXX
Hi,
I think it is quite obvious here that I am a fun loving anti-troll kindofaguy, and I also have no time for posters that have a hard-on every time they come in or out. I don't want to know where you are, I want to know what you know. I would also rarely comment on share price without a good context, I can make my own grown up decisions . . . . . .
Anyhow, today I just need to give it a big fat wtf.
Owning this share is like being an unsuccessful virgin forever at the point of your first proper vinegar stroke but continually edged away with an inexplicable deterrent. All my besties have told me for years that it is going to be an incredible life changing event but somehow I never ever ever ever get the experience. Close but no cigar.
It doesn't have to be a straight line but if anyone could explain why it just couldn't be a little straighter I would really appreciate it!!
GLAXXX as ever.
Hi Strike et al,
My hackles swell anytime I hear anyone was ****ed by my dear friend Neil Hannon. Apologies if you or others are not up to speed but, as a general update, I have been working with him and his "issues" since our first desperate and vitriolic encounter. Lap dancing at Sullom Voe became darker and somewhat disturbing at Nigg on the EP floating pleasure palace, we lost track for a while on the run with some Houti rebels but regained control after a small global mishap on the Suez. Currently back on track and all in on astronaut traning at Shetland space port, and I **** you not, first test launch this September (that is the real bit, check the website, UK first). Not entirely sure if this will be manned but rest assured Neil is way in front of the monkeys if that decision is made.
GLAXXX