Mike you seem to be correct because ther was a dupe in the Venture filing of contract and I thought one was updated on the first contract.. As to the other low ball cotract it is a short duration contract and I don't think it will last as the company with the contract has already express interest in additional contracts.. One of the Venture contracts has a 20% ownership clause and a kill date for option renewal that is close at hand.. My projections are still good as far as I am concerned.. hank
Thanks for the head prodding.. I spent until 4AM reading each and every PR Release from Sevan and am as confident in my projections as ever.. The first 2 leases were the only way that Sevan would ever float and they took the opp to have units out there.. The lease day rate is probably the cost structure of those units and that is why they were financed.. Future units at normal Day Rates will far exceed these first two.. The building of new units will be much larger as that is where the industry is going.. On a cost basis Sevan builds for converted tanker prices and has equipment that has a much longer life span.. I would not find it that in the future we see 3 Mil barrel Sevan FPSO Drill ships that lease out for less than $500,000.00 and have orders in the 20's for thier build.. The first few were but large models of what will become a revolutionary new way to extract and process not only oil but natural gas and WATER..Floating Desalination plants could be built at costs farless than existing pump and process units avil today.. Also keep in mind the KANFA AS sub.. hank
News 
Market Data 
Discover 
AI
