Member Info for Yobbo

He will likely be granted a shed load more shares as a departing gift to the founder. I certainly wouldn't object.

I think you mean $39-40 for Brent :-)

Good point DiveCentre, I had forgotten that there was a delay announced.

I wish the reason was in the public domain to be honest. That way the oilfield service companies could suggest a solution. Speculation here previously was distance from the AM was the reason but with some of the technologies now used that is supposedly not the problem it once was. I just hope its not a situation where the OGA are picking nits because HUR are a small player but if was a major oil co then they would have approved it.

Agree, they have learned lot in the first year and there is no reason why FB on the UK cannot be a viable source of economic production, it just needs to be managed differently to an existing reservoir.

I don't see anyone in the Europe & America's Oil industry being in the mood for takeovers at the moment. There will be more big announcements about cuts & reorganisations in the weeks ahead to come on the UKCS. If a buyer arrives it will likely be from elsewhere, as many companies here are just concerned about survival in the short term which was alluded to in HUR's RNS.

No doubt there is some truth in what you say. The problem is though that people like Trice are hard to find. I have sat in Upstream technical teams in the past where the key engineer has upped and left the company and that whole team has been hamstrung for months or even years after as it has not been possible to recruit a replacement with the right skillset (despite a global search) and that was in a major. People like Trice are hard to find and they may never be able to recruit as good a replacement with his technical knowledge. In frontiers exploration second best is usually not good enough.

ZaZ you may well be right, we have seen this before along with a few false dawns.

Argos and Borders are up significantly as well which suggests some not Italy related.

All the Falklands Oilers are up significantly . Maybe there is a decent rumour?

I wouldn't be surprised if they delay the decision. The industry has a lot on its plate at the moment.

Yes, it has been slowly climbing the last few days. We need $45 to see some stability in the industry, so there is a long way to go yet.

When E10 becomes mandatory in the UK we will have a different set of problems to contend with. I have a note in my diary to go through my sports cars fuel system to check the spec of the pipework to see if it is E10 compliant, but I fear it isn't despite being replaced 15 years ago when I converted it to fuel injection. I have to replace the ecu with something more modern at some point, so changing the pipework can be added to the list for the workshop.

I have more trouble with stale petrol in my mower and garden machinery than I do my sports car, which might be down to the volume of the fuel inside the tank. My mower is always a pig to start after winter and sometimes there is a residue at the bottom of the tank that has to be cleaned out first. My car, which occasionally sits for 6-7 months unused between fills, never seems to have any trouble at all. I have taken to buying the long life 'Aspen' garden machinery petrol from the local garden centre which has fixed the problem completely.

As it suggests elsewhere in the RNS, if it doesn't improve then they will need to re-enter the well and isolate that part of the producer near the heal.

At $20 a barrel, I am not sure how any Upstream focussed company can move forward. The integrated oil companies will make a margin at the refinery and retail parts of the business, but real profits (and losses) normally come from Upstream.

John, Thx I have a charger but couldn't find it at the time and the neighbour was anxious, so I just took the car for a drive. Its now been charged properly.

The traffic has really increased where I live north of London today. Thankfully Stansted is still quiet...….for now.

I noticed a big jump Easter weekend and it has continued to grow from there. I had to take one of my cars for a drive yesterday as the alarm kept going off due to a low battery, I hadn't used it for five weeks.

In the weeks ahead we will certainly see which Oil companies have been swimming naked as Buffett once said. There will likely be many more onshore tight Oil failures in the US due to the debt that many of those companies carry. There is zero appetite for takeovers & rescue deals at the moment as well.

Incidentally, the new Chief executive at BP, Bernard Looney, started work on the small family farm in Ireland and he has done pretty well. At a video presentation to all staff from his home a couple of weeks ago a friend who attended told me that he had a small collection of model tractors in the cabinet behind him. When asked about it by one of the thousands of attendees, he said he was a John Deere fan and that when he was so young the farm was so poor that they couldn't afford one.