Member Info for Therapist

Hi,

We know Kraken uses produced gas for fuel. Don't know if it has excess and what it does with it?

As far as Magnus is concerned my "uneducated Sunday afternoon" take is that with cost of sales then Magnus gas might have had a £5m yield 2018 at majority of year at 25%. For lack of knowledge or lack of data I can't work out how much of that is produced gas, imported gas or reclaimed imported gas so difficult to work that forward.

It's all "a gas" but maybe income decreasing or increasing according to the GCA prediction %'s per year.

I think gas is an aside and oil is the crux, albeit every little bit helps.

GLA tomorrow,signals are good. xxx

Intrigued but uneducated in such matters I've had a browse through the RI prospectus and elsewhere to find out more about Magnus Gas.

There is lots on fuel and sales gas in the RI Prospectus GCA competent persons report. It predicts gas used as fuel as approx 50% of produced gas currently drifting towards approx 67% in 2023. A change is then predicted, I guess to do with phasing out of injected gas, and the gas used as fuel goes to approx 34% rising to approx 50% by 2030. All very complicated with imported gas also being purchased, injected, recovered and sold.

The 2018 FY results state: "Revenue from the sale of condensate and gas was $43.1 million (2017: $2.8 million) as a result of increased gas sales from Magnus, which includes the combination of produced gas sales and the onward sale of third-party gas purchases not required for injection activities, for which the costs are included in other cost of sales."

and:

"Other cost of sales increased by $35.4 million to $48.1 million compared to 2017 ($12.7 million), principally reflecting the cost of additional Magnus related third-party gas purchases not required for injection activities."

Someone else can do the big boys math but it strikes me that Magnus gas is quite small in terms of income but it all adds up.

An educational Sunday afternoon that was.

Hi,

My figures taken from oga are "oil produced". If you include gas then it is 24,934 for Magnus seen on oga as"hydrocarbons produced". Does Magnus use some oil and gas for operation so the 21,528 boepd is what is left for sale? Just a guess.

Malaysia,

2017 = 8938 (from 2018 Full Year)
My flat estimate = 8690
2018 = 8432 (from 2018 full Year)

Ever optimistic?

As stated in post yesterday, Malaysia is a flat estimate from a previous update. I think rounded down a bit in report recently due to depletion but always an estimate and new drillings?.

Enquestrian production data munchers,

Try this:

https://www.dropbox.com/s/t9xziirktc29tv0/Dec%2018%2C%20Jan%2019.jpg?dl=0

gkb47 - found way in via the spreadsheet that shows January and with a bit of graft have come to similar gross figures spare the odd wine soaked typo (double checked), like for like with previous post working interest and Malaysia I have that as January 63930, Brent $69+ here's to a happy tomorrow xxx.

In which case I calculate 63,467.

Had my sheet set up to do that from Jan 19, now corrected. Highest since I started recording Nov 17.

Pelle - 25% Magnus till January 19?

Vistaman - https://data-ogauthority.opendata.arcgis.com/pages/production
A lot more fiddly than it used to be. Select Field Operator, oil produced,dates and then go through field by field.

Hi,

With OGA new system in place I'm not sure if we are waiting for January figures which aren't there yet or have just had December's published so apologies if this is old news but I have just looked at December for first time myself and can't remember it showing up here. I come up with 49,925 with working interest factored in and a standard Malaysia estimate at 8690. Minor improvements elsewhere mitigating poor Kraken. As per trading update but with real numbers.

Yes to all Enquestrians I wish our share price as well as our tankers; "a fair wind and following sea".Exciting innit!! xxx

That is interesting. Well spotted Pelle. I wonder if AB bribed the captain to retune his AIS early to be on the radar prior to Thusday. Exciting times. Might soon be able to bin the shell suit and feel the loving touch of cotton again . . . .

"Hello, my name is Therapist and I am a member of Trollaholics anonymous". Inspired by GKB47, affirmed and self declared non troll. It's all just people with opinions ffs, except for the pondlife. Shitty today, better tomorrow. VBGLA

I had a play with the previous version of the "new" page and i don't think it can be manipulated in the same way as the "old" page to get an extra month of data. Does the old link not work anymore?

Amundsen Spirit going north east again, hopefully not on a 30 day detour after discussion today. Don't need any more bottomhole vibration.

Amundsen Spirit coming high speed UK westside with shortcut, Glen Lyon as destination. Is that updated yet? A contender in a hurry? Xxx

Excited bottom hole vibrations. I thought that was my problem watching the share price not Kraken°s. Sorry. Somebody had to. Xxx

Scott Spirit going to Catcher. Stena Natalita on way to Macduff. She's next on my list.

I think Kraken crude is such high quality that they have decided to race for it. Heather's going faster.

Thanks YOY25. Darren Clark seems a busy chap, working for Enquest on TL and Magnus.

Thornbury on way to Sullom Voe and three shuttle tanker contenders in the vicinity. Must be soon. GLA

Hey dudes, half a repairer and still all angsty. FFS, I'm no number cruncher, but love a spreadsheet, I'm no expert on financial philosophy but love an insightful speculation. I do like bit of comedy, more than most here I think.

I can officially announce that MO sold all his holdings, gave the proceeds to me and I spent them all on choc ices.

If I was the potential proprietor of the 60 p party venue I would double check my insurance before confirming the booking.

See you all there by the way.

xxx