The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Hi,
When was the last time a North Sea Oil company CEO described the North Sea thus: "It's an oily place, it's a windy place". Good, down to earth, as ever no bull**** presentation today. I missed the first ten minutes where hopefully the others were given a chance to speak. Pilot as a development opportunity does sound pretty unique and with the offshore electrification curveball as a sideplay.
GLAXXX
Hi,
If only we were as important as pipeline users.
https://www.oilfieldtechnology.com/digital-oilfield/12012022/pulling-the-plug-on-out-dated-pipeline-integrity-knowledge-sharing/
"Smart, slick and streamlined communications:
The XAMIN PLUG module promotes a collaborative culture of continuous improvement, both via regular information sharing and the live action tracker. As all parties have access to the latest information throughout the year, integrity issues are immediately visible which may then go on to benefit early intervention activity."
Yaaaay Enquest!!
GLAXXX
Hi Aloj,
Now, that was the most sensible post I have seen on this board forever. Sympathy and understanding, heartfelt advice, and holistic observation, finished with a non confrontational "as such". You have hit perfection and I salute you. That's the way to do it.
I may now abandon the CUNST space programme and send them all over to you for some backwater Swedish bivouac steam and truth sessions.
BTFath1,
Ins and Outs benefit nobody here regardless of whether they are old or geezers. "I'm coming in because of evidenced X", "I'm going out because of evidenced Y ". . notice the future tense . . . would maybe gain more kudos and less Jackanory, otherwise it's lady luck.
I hope you and yours are all COVID free. Be informative or look out for the virtual birch whips in the wilderness.
GLAXXX
Hi,
Despite my late night (completely sober, just finished work) meanderings, I have a fairly complex spreadsheet of oga historic production and my own assumptions of variables to give what I call a "sales volume". A fair few "Ifs" in here but . . .if Enquest have to announce if they miss or expect to miss guidance, and if you make reasonable assumptions about other assets coming back online or being fixed, or continuing as normal for the last two months of 2021, then I find it hard to see how Magnus cannot be "fixed". And I know **** happens, and I know blah, blah, blah, but looking at the balance of probabilities over two months, it looks good.
Just my maths and my spreadsheet but bear in mind Enquest already know the answer and haven't reported any material change to guidance 21 . . and I also know the inclusion of GEAD has made that possible but I have taken that into account already from last week of October.
In the meantime, most of us have a long year ahead!! Optimists indeed. E&OE.
https://www.dropbox.com/s/3r4vz38py34dr2j/Romaron%20Challenge%2022.pdf?dl=0
GLAXXX
Hi Again,
Not to bombard you but I'm up late and I do admire your inclusivity.
I just got a message from Neil Hannon. He'd like to do the alternative competition, can't respond himself as at 0400 on a Sunday morning he's understandably a little tied up right now. He says "8p if you are lucky".
Funny story, at CUNST they were told they were going to be doing Rocket Science last week and he brought in his sex swing.
GLAXXX
Hi,
"Peculiar movements" indeed. Worth repeating in case anyone missed it.
https://www.dropbox.com/s/nfer1xyl5ajwf7c/Ramform%20Vanguard.jpg?dl=0
This is not photoshopped and I couldn't believe my luck as it emerged.
GLAXXX
Hi
10th September 21 Enquest Energy Director John Penrose "We actually reviewed the subsurface and the benefit of that and actually just gone back to a traditional water flood, so we’re no longer reliant on that West of Shetland gas. They’ve removed that line so, in a way, you’re in control of your own destiny now rather than another source of gas to support you.”
According to OGA figures Enq did inject gas in September 21, but only a small amount compared to other months (sporadic over last year) maybe predating the announcement above. They did not inject gas in October.
I think the crossover gas is the West of Shetland imported stuff "third-party gas not required for injection activities". The big question is can they sell it for a huge profit.
I think Comrade Tarmak knows the end date of that gas purchase contract.
GLAXXX
Hi McL7,
You were right, they haven't responded as swiftly as the previous chivvy. Guerilla tactics may be required.
Below is a stab recognising figures are mid month OGA and end month for eng updates and comparing to OGA boepd. All part of the fun.
GEAD at 328 to October gives 3217 for whatever portion of October was post deal finalisation. Rest accounted for in deal clawback so that as a total looking like 11,200 for October.
I have Magnus just over 7.2k boepd so still in recovery from various actualities.
Interesting to see if GKA recovery has momentum. I see it up about 1200boepd on September.
Before anyone refers me, I know I'm overthinking this, but wtf it's fun and I have champagne incoming.
GLAXXX
Romaron,
"Predictions on oil are nearly impossible" . . . . although I am looking forward to a certain 2021 competition result , , , ,
Before it goes ballistic:
Disclaimer: Any information provided by Therapist is not intended as and shall not be understood or construed as financial advice. I am not an accountant, attorney, north sea expert, green energy consultant or financial advisor, nor am I holding myself out to be, and the information provided is not a substitute for common sense or financial advice from a rip off professional who is aware of the facts and circumstances of your individual situation. We have done our best to ensure that the information provided and resources available for download are accurate and provide valuable and amusing information. Regardless of anything to the contrary, nothing stated, unstated, imagined or fantasised shall be understood as a recommendation that you should not consult with an over priced commission based financial professional.
In fact, if you have any notion that the fantasy drivel of a late night lunatic bears any credence, then you should probably sell it all off and put it in a piggy bank before Amjad says Boo to another Golden Eagle.
HNY All XXX
Hi
Nice, finish the year with a slap on the wrist
https://www.energyvoice.com/oilandgas/north-sea/376584/enquest-pulled-up-by-hse-after-fire-and-explosion-risk-flagged-on-magnus/
HNYXXX
Awww Krak,
He did say "all" !!
I'll offer the same Xmas wishes to all, but add a huge pile of much needed festive healing for the bottom feeders. They know who they are.
Would post more but Hannon has just chundered over everyone in the anti grav simulator.
GLAXXXmas
Hi,
I'm not getting political but the one thing the streaming streak of pish Boris has going for him is he likes to host a party. If, and I do qualify that with a big IF, we ever host and attend a 60p (or otherwise mitigated ? pence party}, I have always had the notion that we should wear numbers or likewise, and the first twenty minutes is trying to ascertain the virtual identities of others in the room, with a prize for the most accurate identifications. White coats, flares and cuban heels, shorts, spacesuits and chamois leather leapord print g strings being giveaways. Just thinking ahead as we bide the dark before dawn.
In the meantime we are soon likely to have lucky Heather banging on our back door which means that we are either destined for a curse and a shoddy tarmac or the Snergelly Hose is about to be deployed.
GLAXXX
Hi,
So Petroatlantic has just been flagged up at Scapa Flo as tba from Kraken. Thing is, Petroatlantic is currently on a mercy mission to Alba, Petronordic having yesterday aborted pre penetration and now making her way to Stavanger, no doubt looking for the chepest Snergelly Hose repair shop. Who the frikk is running this show? Personally, I think the Teekay/Knutsen Macduff Xmas party went tits up as usual. Nobody has a clue what boat they are on or where they are going. All a bit frenzied like insulators at a glue convention. Hair of the dog and a fistful of panadol will see this right by morning. I'll keep you posted.
GLAXXX