Member Info for Yobbo

Everyone I have ever recruited who has done several years farm work in their past has always worked out well in the Oil Industry, even for office jobs. If you can cope with putting in a long shift doing farm work in all weathers for days on end without a break, then you are generally right at home in the Oil industry. Farm work teaches you a lot of practical skills that University doesn't.

Aye, it will give us something to speculate about for the next couple of weeks :-)

I will get in early with some wishful speculation. A change of strategy to focus on Lancaster for now. Also that they have taken advantage of the current downturn and rock bottom rates to do a deal with Bluewater for a larger second-hand FPSO for 2022/3 under similar terms to the AM contract. PBLJ (or other) to drill a couple more producers for Lancaster - date TBA. JV to continue but with revised terms. I am sure other folks on here can provide better speculation than that.

Aye, we will know the exact cash position on 28th when they publish 1Q data.

Sounds like they have most of the problems under control. No mention of a divi reduction, which with $32 billion in the bank would look like being a long way off.

£1 a share? What, with a 32% dividend ? Mmmmm.....

Petroatlantic is on final approach to the AM for next offload.

We only have to have a few loaded tanker crews or other critical supply infrastructure being materially impacted by the virus and the Oil price could just as easily go the other way.

While the CMD is on everyone's radar, we must not forget that the week prior to that on the 19th March is the full year results and there may be some nuggets of interest there.

Saturday looks really lumpy West of Shetland, so there will be more vessels heading for Scapa, Lerwick and Moray. Next Tuesday and Wednesday though the weather looks good for a quick offload

I don't see a weather or wave height window for an unload in the next eight days. Its a common problem at this time of year.

Excatly, their revenues could be 30% higher because this.

Jointhedots, That's the bit that the market seems to have missed. Its 100% HUR's income for a while and Spirits share will have to wait.

Monday, they will take a fresh look at the OGA freshly published production data and likely sell...…….:-(

HUR give the water cut for the whole fourth quarter as 10.3% of fluids which looks like a reduction compared to the last data Published on the OGA website for October which I thinks was closer to 15% of fluids for that month. No doubt others will confirm this later.

Vesselfinder still shows NO attached to the AM as of 7 minutes ago.

Yep, on final approach for mooring now.

I will be wanting to see regular purchases from the directors in the next few months not just one.

Agreed, there will be production in reserve once that occurs and so the eventual production limit for the AM will be within sight. Investors will also need assurances about the prompt delivery of the export gas link to WOSP though.

You really have to wonder at the PMO strategy. Assuming that there is one that is....
This seems to bring Sealion closer but some big decisions really need to be made soon.

Serica operate at a completely different end of the Reservoir life cycle so there is no way that you can compare them with HUR. They have an impressive and respected board (a couple of whom I have directly worked for in the past) but in the big picture with their business model they will only ever be a company that follows along behind an ageing elephant with a bucket and shovel.