Member Info for WaffenBurret

What is actually needed?
From HUR:
Infrastructure summary 1 FPSO
3x4 leg mooring system with buoy
2 flowlines
1 umbilical
2 horizontal Xmas trees
1 manifold

Floating production, storage and offloading vessels are particularly effective in remote or deep water locations, where seabed pipelines are not cost effective. FPSOs eliminate the need to lay expensive long-distance pipelines from the processing facility to an onshore terminal. This can provide an economically attractive solution for smaller oil fields, which can be exhausted in a few years and do not justify the expense of installing a pipeline.

Once the field is depleted, the FPSO can be moved to a new location.

True, and Brent and WTI both adjusting to predictions of global supply/demand.
No matter, North Sea assets still high priority for UK and Germany. Oil price returning to pre-sanction trajectory based on ‘knowns’.

I see Mr Market has found his walking stick again.
The bannister is at 12, with a firm handrail leading up to 16.
The down lift is currently out of order due to covid.

The historical gap has been covered albeit briefly (still in progress). We shook hands with 12.15. Hello. Have a nice day. My view is that 12 is going to be a base line before long - Traders will enjoy a few pickings over 12 initially but then this (behe)moth in the making will continue to make its way to a deal as interested parties buy in. All tying in with forthcoming news, Boat, TR1(or not), CPR, Gov policy, Major/jv, additional wells’ v plan. , - - > re-rate. Provided my pump doesn’t stop.

Don’t miss the boat.
HUR most likely to be subsumed before long.

Or funding, whichever way you see it. Point is, PREM had a short cash runway and a few holders getting concerned about another placing at a discount.

Now funding in place, NO discount. (O.4 obvious baseline now) . No further need for placing. Also, mindset shift from GR as plans increasingly delegated (shared) to experts/specialists. I would rather have reduced % of a scheduled plan (coming soon) than a larger % potential with no definitive plan.

Altogether, decent pragmatic move by GR, who can continue with his pet interest, viz: proving up colossal EPO all the while laying path to offtake. Looks like it’s going to get very busy!

Meanwhile there is a commodity war ongoing so I am expecting some (political) horse trading.

There may be a few here who don’t like double figures. Let’s pause while they hand off before resuming gap-closure. See y’all @12.15.

..for the buying opportunity last couple of days.

Munger: “No one knows anything”.
fundamentals - which are good.
Simples.

If I hadn’t spent so much time watching movies, I’d be a rich man );-)

Well, this is all rather jolly.
But I’m sticking with the fundamentals and immediate potential divided, or multiplied by commodity wars and western security.