Member Info for Therapist

Hi

Currently $545 .50 a tonne in Singapore which is something akin to $84 a barrel minus any costs incurred to get it there, if any??

Not ramping just giving a happy place option.

GLAXXX and an extra X for those that need it.

Hi,

"If we had some bacon we could have bacon and eggs if we had some eggs." Just a thought provoker on pointlessness.

I appreciate people can make a chunk of money and lose a chunk of money over any period of time. Why not use this forum to investigate and inform rather than pontificate about your own investment dilemmas.

I'm not sure getting angry, frustrated, sad or for that matter ramping/deramping (grrrr)has any benefit for one's mental health.

Also, everybody should be nice to everybody else unless they are a bottom feeding scum sucking troll.

Also, I am vegetarian so would decline the bacon (even the veggie **** that pretends to be bacon)

GLAXXX

Hi 10101010102277700,

Thanks for input by the way. . . .

Also, in defence of the increased cost per barrel, a late night thought, but nobody expected a pandemic of the length we are having either. That caused an immediate increase in operational costs (Brexit aside) and also ongoing inflationary costs as **** became more expensive and difficult to get hold of and increasingly so.

Putting it on the table.

GLAXXX

Romaron.

Thanks for the idea, we'll start promoting that.

January "Going Down in the Gateau" Special "A rich and elaborate performance, probably one with cream in it." Might need to install some more refrigeration if relocating to Malaysia. Will speak to Petrofac.

GLAXXX

Hi,

Also:

Costs go up as oil price rises as fuelling costs increase,

and

Costs go up when you have a 56,000 tonne pleasure cruiser warm stacked at Nigg for $40k a day. Struggling to break even on the bar to be honest. Negotiated one of those waterfalling profit share deals with Swinney which brings nothing to the table, wasn't worth mentioning in HY report. Might get a boost with our January special and I don't mean after Christmas!!

GLAXXX

Q1 2022 of course.

Hi,

Yes, survey complete and data analysed in Q1 2021.

Was very thorough even if did go off piste occasionally:

https://www.dropbox.com/s/nfer1xyl5ajwf7c/Ramform%20Vanguard.jpg?dl=0

That was for real. Couldn't believe it as it unravelled before me.

GLAXXX

Pelle,

FY number included GE

I have my estimate H1 45815 based on OGA a little below reported figures , but see earlier post
I have about 51k H2
That gives about 48.5 FY
Plus 2.5k from GE

51k Total production year end.

Unhappy to adjust downwards?

GLAXXX

Hi,

I am 51k boepd FY21 including three months of GE giving 2.5kboepd for the year.

In testing these figures just now there was a small (500boepd) discrepancy between Kraken H1 reported figures and OGA H1 totals, the former being higher, which they shouldnt be. I then recalled that OGA figures are mid month to mid month so last two weeks of December in OGA and last two weeks of June out of OGA. This could indicate significant Kraken improvements last two week of June . . .and beyond?

GLAXXX

Hi,

Operations related - not project but relevant when deal is done.

https://news.writecaliber.com/economy-middle-east-cnooc-invites-alternative-strategies-for-buzzard-scott-and-golden-eagle-epc-deal/

Keep em peeled,

GLAXXX

Dear Mr January 2,

Having reviewed your Tesco Aisle 9 performance courtesy of Tesco security footage we are pleased to offer you a six month contract on Enquest Producer as a cabaret character dancer. Twice nightly sessions in the Swinney Lounge and late night extras in the Hannon Hold at your discretion

Should you accept we look forward to meeting you at Nigg harbour in due course.

You will need to provide right to work documentation and proof of Enquest share ownership as standard. Your wife has already signed off on all the other paperwork

GLAXXX

Hi Mriggy,

I was one of the party that asked the EP question.

I have spent a while trying to see who needs a secondhand FPSO and the value therewith. I posted this before:

"I don't know much but it seems to me that these FSPO's are bespoke to project so would be due mods to suit location wherever they go. I think that is a couple of years away, with a relocate to Singapore and sail back likely. Orcadian have a bare bone Aframaxx built into budget but also mention of partners etc. Distant but an available option?

From memory 40 million aframaxx shell and then vend in any benefits of EP set up that works for site and adaptions for a hold wash as mentioned in presentation etc."

Someone clever said that EP wouldn't be a suitable conversion for Orcadian.

Someone also may know better but scrap value is probably higher than ever but I was intrigued by the fact AB stated that they haven't sold despite offers and using EP as leverage for a buy in. That suits the modus operandi.

I'll keep scanning.

If it drags out we may have a new saleable act to help pay for the warm stack as on Tesco aisle 7 tomorrow January has his audition as a final desperate attempt at the bigtime. Stay away from frozen foods is my advice. Hope it goes well!!

GLAXXX

January,

Don't forget the tortilla chips whilst at Tescos. Lots of others appear to be buying the dips.

GLAXXX

Hi,

If the question is what would June net to Enquest be, then

Enquest North Sea BOEPD - 40,749 (with poor Scolty Crathes}
Malaysia - 4431 (still broken)
GEAD - 13166 (Not ours yet)

Total would be = 58,346

GLAXXX

Hi

GEAD = Golden Eagle Area Development = Golden Eagle, Solitaire, Peregrine.

Yes that amount of production would be to to Enquest if deal was signed and minus whatever costs agreed with low opex and capex in Enquest's estimates.

Shax , loving the earlier "the SP could possibly go up tomorrow or down?" Never a truer word was spoken although technically it could sit still I suppose.

GLAXXX

GLAXXX

To be clear that is GEAD not GE alone.

Hi Pelle,

13,165 for June. Nice. Just a little under best for this year in Feb..

GLAXXX

Hi,

Bad news first - Scolty Crathes tanked. Forties outage?
Kraken and Alba - Steady
Magnus up to 15319. Improved but must do better

GEAD would be just over 10.3k boepd net to for H1 but comes off the sale price for now.

GLAXXX

Hi,

Historically. since my sword has been in the arena, any company reporting has been fuelled with hope and quenched by a drop in value and a general despondence from those of us that see this as a golden egg. But we still know no better.

How about:

GE date finalised or seperate same day RNS.

Magnus improvements both through OGA and Report

Malaysia fix and updated boepd and intervention projection.

EP sale or scrap.

Bentley/Bressay update but not much detail as seismic due Feb 22. Give us a clue.

Eagle CNOCC update.

Kraken potential but seismic Feb 22. Kraken - Steady!!

GKA update - are we getting some product at last?

Sullom Voe western doo dah contract.

And **** loads about meeting green targets.

Float my boat Amjad. I'll be listening for you on sousaphone and Swinney on bongoes pre- presentation.

GLAXXX

Hi,

A bedtime bank holiday treat for y'all.

https://www.bpvideolibrary.com/record/6

If you can spare 20 mins it gives an idea of scale and complexity of the task at the time and the bravado/stupidity of life before health and safety with regard the rescue battery crew midway through. 30 years on hopefully caring hands have recently been coaxing the mighty Magnus back into high performance action?

GLAXXX