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I've zero interest in speaking to the new broker - but I've rung 3 times now asking when the interims will be released. No response.
Checkout @barondaytrading on twitter - he's a holder or RPT - he's tweeted that he's going to forward various questions to the RPT BOD (specifically about VAS-10 no news, etc). So worth keeping an eye on his twitter feed.
Cheers guys - i assume there has been a delay but imminently happening as the meter will be running on the drilling kit; but it's interesting there has been no official news either way.
Does anyone here have any intel as to why the VAS-10 spud hasn't been announced yet? The RNS dated 5.1.18 said "At the VAS field, mobilisation of equipment for the acquisition of 3D seismic has commenced, and preparation for the VAS-10 well is well underway, with spudding of this well expected in mid-February 2018"
Sorry - what do you mean? When will the interims be released? That's the question?
I'm researching HZM so I would appreciate any assistance. Have they stated how they intend to fund CAPEX through to the startup of Araguila in 2021?
JP I probed as much as I wanted to. Realistically they aren't going to give me any useful info & I'm a busy guy it was a 1min call. I expected them this week but no biggie if it's next week as it's been 1st March before. If you want to probe be my guest & report back - 01707 800774 - the guy answered the main number.
Expected interims this week but nothing; so just rang their HQ office in Welwyn asking when interims due to be released. They don't have IR & the guy who answered said "we don't have a date" for interims. Was 23/2/17 and 1/3/16 so when will it be?
Doh sorry tomorrow 22nd Feb - last yrs interims for WTI 23rd Feb 2017
Hence IMO why it's tracking higher today - traders positioning for anticipated +ve results tomorrow. This is very much on many's radar - any early ping upto 3p+ will then be sold into. Outside chance of finance deal with Orion - IMO it's a bit early but you never know. LTH for me - massive value here albeit some risk as Orion finance deal unknown - but Orion saved the company & are the primary reason this is a significant LTH IMHO. Resplying to a post earlier - IMO only good thing the Orion guy stepped down from the board - to avoid conflict of interest. I reckon they will reappoint another rep to board once longer-term finance deal sorted. For any long-suffering WTI holders - the day that caveat about "unable to make repayments in the short term" is removed from RNS then we know real progress out of financial intensive care. I also see capex to open up Central Ops being part of any deal - leveraging more FCF potential.
Expecting Interims tomorrow (23rd Feb 2018) - they were Thurs 22nd Feb 2017 last year. Exciting - expect strength across all numbers. Nameplate up, opex pt down, av price pt up, etc.
I've worked around ESD (Emergency Shutdown) systems for years in O&G. If a sensor detects something it'll shut the valves & shut the system down automatically. It could be a sensor fault, or something more sinister. The guys will check it & if it's OK they will reset & restart. The O&G industry & H&S regulation is rightly v v safety conscious - all off the back of the Piper Alpha catastrophe in 1988. They will be working through their processes & I would imagine there are no issues as they have quoted a restart overnight. There was no word earlier today as they were checking out the issue. It's like your engine warning light coming up on your car - and the ECU shuts the engine down / reduces power. Could be an issue or a faulty sensor. It's the same principle.
Really? Frustrating? I've just taken a few more at 79p - it'll be back up again tomorrow mark my words This is the 3rd disruption (1x erskine, 2x forties) - every time SQZ SP drops - when it comes back online SP will rise. Make some cash Just IMO perhaps i don't know what I am doing.......
Off Ineos website NEOS FPS confirms that a feed control valve closed at its Kinneil facility at around 10.20am today (Wednesday, February 7). Automated safety systems operated as expected to safely close the main pipeline system. We have now identified the issue that caused this and are hoping to resolve it this evening. We then plan to start-up again overnight. https://www.ineos.com/news/ineos-group/ineos-forties-pipeline-system-07022018/
Fair question - I was 90% right / 10% wrong. I understand Keith & Rhum are subsea tied back to bruce - and Gas from Bruce exported via the Frigg pipeline to the St Fergus terminal Just checked and liquids are indeed exported via the Forties Pipeline System - but it's mainly gas from BKR. It's explained here. http://www.serica-energy.com/future/about-the-assets Erskine offline anyway due to waxing so no affect - unless Erskine is now ready to rock. Ineos / Radcliffe - less time messing around with Land Rover's / more time fixing the forties pipeline.........
This is irrelevant to SQZ as Erskine is offline since 22.1.18 with waxing issue. http://www.serica-energy.com/downloads/releases/Erskine%20production%20interruption.pdf
I'm a "glass half full" kind of guy I reckon the reason JOG BOD haven't made an acquisition yet is simply priorities. Verbier appraisal well is No1 priority - only last weeks RNS clarified the bill is c.�11m Now those costs are crystalised - they can move to No2 priority acquiring assets It would of been v bad IMO if they'd of bought assets before Verbier costs clarified; and they had to return to the market for more money. Best to get it in 1 go (as they did) - which will cover both Verbier & assets; but Verbier is priority of the 2 hence how it's played out.
Ajax, Either way I'm not bothered it makes no difference as I'm LTH JOG so price prior to spud irrelevant to me. I see Verbier maybe c.60mmboe; then cortina & meribel coming into a multi-field development as they will surely be drilled at some stage if V is found to be what we suspect it is. I can see JOG exiting when the resource is fully clarified as JOG BOD isn't interested in long lead-time production project development.