About Me:
Overseas childhood, Mod Langs Uni, 25+ years M East banking, now shuttling between UK, US and Spain, trying to earn a more or less honest crust investing.
Mainly UK shares, predominantly oilies + 'special situations'.
Hi all, An encouraging IMS. Any news on monetisation of CNV byproducts ? I thought this was 'close to resolution' a few months ago.... TIA
Hi peterg, Understand the interims aren't due for a while...are you aware of any drums beating re (a) sale of Cabinda and (b) spudding of H5.....which I thought were both now due/overdue ? ATB
Hi peterg, I've obv. made my point poorly - not for the first time : the j/v has indeed been getting 60 K already , but AIUI that's before the Talisman throughput kicks in, which will bring the TGT 'net' down to 45K.....and the hoped-for 70K gross caps us at 55K until the Talisman commitment runs down/off - which I understand is after a year…
Hi all, I think I detect a note of relief from management/ES in the latest RNS. In the event that the de-bottlenecking hadn't worked/worked as hoped, the Talisman throughput entitlement would have required HoangLong JV to scale back its own production from the much-quoted 55,000 bopd level. ES's enthusiasm is infectious, but carries the potential for greater disappointment : imagine the market reaction if the…
Hi kenobi, Interesting set of scenarios opening up ! Not sure that I'd want a chunk of pension monies over the next 15/20 years subject to these specific operational/commodity price/currency, interest rate and political risks (to name but a few !) though..... ATB
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