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Buddy, what is with you? You diss this stock and defend EHRE (About to go broke). Who are you?
Bob
TOB,
Don't get caught a "fortnight" short here!
Bob
TUWOY
He was Yemenoil. First ran into his postings at TGA boards.
Bob
vip1999, right about the time focus turned to JDZ1 drilling, all ToTal ships turned their Lo-Jack off. Drillships, FPSO's and support ships went poof, goner! Every once in awhile, the Chinese spy trawler (oops I mean fishing trawler) shows up due west of Sao Tome. Damn the French! LOL
Bob
The PS arrived in the GOG about 4-6 months ago. ToTal was going to use it in JDZ1 drilling after two wells in Egina. All their ships disappeared from Marine Traffic about that time and their whereabouts are not known now. Contract extension just an interesting factoid.
Bob
PS Contract Extended
From Yahoo "In Play".
4:15PM Pacific Drilling announces extension of initial term for the Pacific Scirocco to two years (PACD) 8.88 -0.06 : Co announced that a subsidiary of Total S.A. (TOT) has elected to extend the initial contract term for the Pacific Scirocco from one to two years. The contract provides for further options, to be exercised at the client's discretion, which could result in up to three additional years of contract term with an escalating dayrate. Estimated maximum contract revenues related to the additional one year term are expected to be approximately $173 million, bringing the rig's total contract backlog as of May 24, 2012, to approximately $307 million
Bob
AOI may be buying 51% of the offering?
AOI has cash and Horn needs cash.
You are not wrong, it is what it is!
Bob
I believe he is an investor from Europe who just hit the lottery!
Por Favor:
My proxy slip from Schwab allows these options:
Proposal #1
DIRECTORS
X For All Nominees
X Withhold all nominees
X Withhold authority to vote for individual nominee write number(s) of nominee(s) below:
01-UZOIGWE 02-Jeter 03-Blair 04-Friday 05-Ntephe
Proposal #2:
MaloneBailey accountants
BOX-FOR BOX-AGN BOX-ABS
If someone will email me at kayakbob223@yahoo. com I will scan this vote card and foreward it to you. I do not know how to place it on the board. I voted via ProxyVote.
Bob
Comparing ERHE to HDY is really not valid. HDY runup included a listing on the NYSE. Yes, it went waaaaay overbought. They had bad results upon drilling, but THEY were drilling, not SNP. They have 77% of a concession that has just been 3D'd. They may get delisted, but their new exchange will still be better than ERHE's BB listing. HDY is a shot at a E&P company. ERHE is an enabler to E&P companies. I did make a small investment in HDY, but not at $7.50 a share. Still long ERHE also.
Bob
When the GOG suddenly became empty (Marine Traffic receiver failure?), Jack Ryan was in AKPO field. Both PS and West Capella were in USAN. Sent a querry to Marine Traffic on Tuesday about the empty GOG and have not received an answer yet.
Bob
USAN first production
From Yahoo In Play today.
9:01AM Nexen announced that first oil has been produced from the Usan field, offshore West Africa (NXY) 20.90 : Co announced that first oil has been produced from the Usan field, offshore West Africa. The Usan floating production, storage and offloading (FPSO) vessel, of which Nexen has a 20% working interest, has a production capacity of 180,000 barrels per day (bbls/d). Production from Usan, net to Nexen, is expected to be in the range of 14,000 to 28,000 bbls/d in 2012, and will be dependent on several factors including the rate of ramp-up, the pace of well additions and well performance.
Soon!
Bob
Edit: ToTal and XOM also reported.
http://www.marketwatch.com/story/total-starts-production-at-usan-field-in-nigeria-2012-02-24?siteid=yhoof2
Almost all of the ships in USAN and AKPO have disappeared. Probably atmospheric conditions. Check back tonight after dark local time.
Bob
Marine Traffic usually reaches about 80-90 miles offshore. USAN, AKPO and eventually JDZ1 are at or over the limit of good receiver signal. Yesterday USAN and AKPO FPSO's were missing. Last night USAN FPSO showed up again. GFS Jack Ryan went missing day before yesterday. Check back later today and see if anyone of them show up again. Time will tell if they have moved. JDZ1 is about 20-30 Km south of AKPO.
Bob
ToTal drillships in Nigeria.
According to RigZone, there are 3 drillships in Nigerian waters.
PS, West Capella and GFS Jack Ryan. Both PS and WC are working USAN. JR is at AKPO. Both FPSO's have their Marine Traffic transmitters off (pirates?).It appears that both of these fields are just about at the limit of Marine Traffic receivers. They come and go with atmospheric conditions (usually better at night).
Jascon 30 is a USAN pipe layer. When USAN drilling is complete, what about 2 of the drillers going to JDZ1 at the same time? All three have the capability. Time will tell, but we may just see them disappear off Marine Traffic as JDZ1 is probably out of range.
ToTal has 4 capable drillers in Angola but there is no Marine Traffic receivers anywhere near there. So if a new one shows up near JDZ1 it may be one from Nigeria and one from Angola.
ENSCO DS-1, ENSCO DS-2, Siapem 12000 and West Gemini are off Angola.
Just speculating.
Bob
Per Forbes, there are 1210 billionaires in the world. Georgie boy Soros is #46 with $14.7B. He is trying to catch the Koch brothers just because he is a nut case. Thus the left wingnuts hatred of the Koch's.
http://www.forbes.com/wealth/billionaires#p_5_s_arank_-1__-1
Bob
Perhaps ToTal has said, we will buy JDZ for $XXXM and ERHE develops the EEZ-Chad etc.?
Bob
Edit: Subject to some positive results from JDZ 1.
God help us if he does. He just placed 5 duds. Plus expect a new round of 3D if anyone enters the fray. Remember ToTal reshot #1.
Bob
Or, if ToTal hits in JDZ 1, Sinopec retains some ninority stake in #2,3 and 4 while ToTal operates. Negotiations with JDA can be delayed for several months while ToTal drills in #1. So extension is not certain.
SNP has too many irons in the fire all over the world. Addax was responsible for the 5 drilling locations prior to the buyout.
When SNP started buying in to producing fields, it is apparent they are not happy wildcatters.
Bob
Does ERHE have 32 million shares short?
There is a motive in that drop.
Chevron has a rig on fire offshore Nigeria.
I can only find headline, no details.
Anyone hear any details?
Thanks
Bob
Aramco/SNP to build refinery.
http://www.breitbart.com/article.php?id=CNG.5ac8cc19445558189357128508908e39.3f1&show_article=1
Pacific Scirocco is drilling Northeast of JDZ1 in Usan.
Its still surrounded by the French support fleet and at least 2 other drillships.
http://www.marinetraffic.com/ais/shipdetails.aspx?MMSI=636014746
Hi Manuel,
ToTal to JDA, SNP doesn't want to go foreward. We WILL.
ToTal delays drilling in JDZ-1 until March/April, results in July.
Do you think the ChiComs and ToTal have been on the same page in AKPO?
Bob
Hi seek, Just wondering if ToTal will play a little hardball here?
What if they delay drilling in JDZ-1 so SNP must make a decision without additional info. Could ToTal be dealing to cause SNP to exit. Just wondering.
Bob
Know where it is, just don't know why.
I noticed that it was in the USAN FPSO field. Maybe they are going to drill the first well there. No service craft have approached PS yet. So time will tell.
Bob
Looks like the PS has dropped anchor just South of the French fleet.
USAN FPSO plus West Capella, and 2 Siapem drill ships.
The support ships all have French sounding names.
LOLOL
Bob
PS back in range in GOG.
Looks like its North of JDZ-1.
http://www.marinetraffic.com/ais/default.aspx?mmsi=636014746¢erx=7.211125¢ery=2.92781&zoom=10&type_color=7
Hi dig,
Can you post a site for the funeral home.
They usually have a site to post messages for the family.
I wish to post a note for the family.
When I first came to this site, "bb" was the first member here who gave me an answer to my questions.
He was a class act!
Bob
amj and digdeep,
Please express condolences to Carolyn and family.
Please keep posting info.
He was a man wise beyond his years.
I did not know him yet I did.
Bob
Maritime Traffic site for PS.
If you hit the latitude/longitude numbers it opens a window showing PS on the map. Because the PS is new it does not have a listing on every search page.It went off air or out of range over 7 hours ago, so we may not see it again. Don't give pirates your location!
http://www.marinetraffic.com/ais/shipdetails.aspx?MMSI=636014746
Pacific Scirocco has left port.
Shut off the tranponder about 3 hours ago.
Bob
Been watching the track of the PS. It looks like its practicing stability NE of Robben Is. Keep zooming in until you get a big blob. Is 200 ft of drift normal for a drillship?
Also OCC Cougar visited today, tied up and got shifted a bit while unloading something. Now its docked in the CT harbor. Wonder if its loading again for another trip to PS?
Very interesting.
Bob
Pacific Scirocco at the Cape headed West.
I guess the trials/tests were OK.
http://www.marinetraffic.com/ais/default.aspx?mmsi=636014746¢erx=20.19699¢ery=-34.97112&zoom=10&type_color=7