Firering Strategic Minerals: From explorer to producer. Watch the video here.
Hi,
This doesn't predict a slowdown. They say "spending spree" 2024!!
https://issuu.com/energyinst/docs/petroleum_review_august_2021_open_access_articles/s/12933679
GLAXXX
Pelle et al,
Football = malmo kan ha tur på återgången
Oil = I'm figuring a smidge higher than you on GE figures.
All,
Trolls = Just remember and it ain't Chilts . . . .
Info wise nothing to get teeth into recently in terms of update info but a fairly odd but typical drop and bounce which caused more than an unecessary quiver on the forum.
EP in warm stack for a good while now. Has to be a potential purpose or on scrap heap, has to be soon?
DYOR but lets see where we go . . . .
GLAXXX
Morning Pelle,
OGA MAy now out.
GEAD for first five months at 9467boepd to Enquest but includes very low April which may have been maintenance or plumbing in new well. 9171boepd to Enquest May.
Kraken well up. No time now so more later.
GLAXXX
Hi
Please don't read this if you are of a sensitive nature. It's the oil industry getting a bit of a pasting.
My friend Steve at Orcadian gets it as does Martin Houston and AB. In fact pretty much all of them. Useful as a project directory though.
https://www.nationofchange.org/2021/07/31/gathering-storm-how-rogue-companies-are-buying-up-north-sea-oil-and-gas/
GLAXXX
Hi All,
L3 says Moodys are wrong. I guess they at least have access to the same data we have but probably more. If I add in GE at 10k for Q4 I am 49228 boepd 2021. So they are wrong or they know something we don't. Magnus maybe?
Also does their $55 Brent outside of hedging take account of any Kraken or Malysian premium on the unhedged production.
They're probably smarter than me but I have a fertile imagination.
By the way I have asked the CEO of Orcadian for more info on the Kraken premium he mentioned in their presentation. Nothing yet. Probably advised to keep shtum.
GLAXXX
Hi,
I enjoyed the recent presentation and just been made aware of recent C4 flak. You're a big boy so I'm not going to tell you what to do but if you have a heads up on Kraken premium feel free to let me know.
GLAXXX (It's a signature thing!!)
Hi,
He said what he said and i can't access that but I threw some hard earned Therapist dollars their way on a high risk punt so a shame to see it drift south so soon if it does.
The recent promotion was at great lengths to highlight the OGA addendum which adds a wind turbine, reduces gas import and puts them in bottom percentile of CO2 emissions worldwide. Which was appealing to me.
Anyhows Enq on the up and I'm in positive territory at frikkin last.
GLAXXX
Hi,
Beauty is in the eye of the beholder. There are few here that are class 1 A Holes.
An anonymous forum with the potential of a celebratory 60p party is interesting as a place to remain anonymous and then declare success (or not). I enjoy most posters and will occasionally horribly deteror filter those on the troll vicinity. They walk among you.
I hope for a suitably acerbic and lengthy Romaron update.
GLAXXX
Hi
https://consent.youtube.com/m?continue=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Ftime_continue%3D17%26v%3DXFn-mmJ_t7I%26feature%3Demb_title&gl=GB&m=0&pc=yt&uxe=23983172&hl=en-GB&src=1
I had to register with Investor Meet but listened to it all. Refreshing to have such an open book approach. Kraken mentioned when talking on viscosity and sulphur. Probably on Q&A
GLAXXX
Hey Enquest,
Also talked about Kraken premium to Brent which I liked.
To be honest the open and transparent presentation and process explanation was rather encouraging might commit some Therapist high risk dollars!!
GLAXXX
Hi,
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.
Hate to lose the nightclub bu we need it out there. Mentalply still has a big bill to settle!!
GLAXXX
Hi
Looks like the survey vessels ae heading to mainland after a complex and wide ranging route. Some of which was way outside of Enquest interests but maybe they have several paymasters.
Anyone looked at Orcadian? How about them as a potential EP target and partner. Pilot field very similar oil characteristics to Kraken and in need of an Aframaxx Fpso build or conversion. They are on my watchlist as ones with a "significant interest".
GLAXXX
Hi,
Look a bit deeper and the announcement of a Sapura contract win, which I assumed was current and referred to future works, is of course relating to a previous tranche of contract wins so the February mentioned is Feb 21 not the "in the future" Feb 22 and is for eight months duration from the Feb 21 start. So Malaysia should be looking at full production October 21. Good News!
The O&M part of the announcement runs to March 22 and the scope does include lines that might be construed as regular "O&M" works but also "projects and adaptions" as L3 and Pelle respectively alluded and hoped this could be further "Good News".
GLAXXX
Hi
API Gravity for Metric Tonnes to Barrels
VLFSO Price /((API Gravity + 131.5)/(141.5*0.159))=Kerrrrchiiingggg (using standard conditions for temperature and pressure)
Science innit.
Looks like let sleeping boulders lie.
Geology innit.
GLAXXX