Registered:
14/05/09
Seen:
20th Jun
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Occupation: Private Investor, Other

Interests: Economics, Geopolitics, Oil, Stocks

Fantasy Fund: SW10Chap's Fund

About Me:

Qualified in Getting Oil Out The Ground

 

 

 

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SW10Chap's Latest Blogs

There are some who have tried to explain football's offside rule at the breakfast table ("...so the jam is the goalkeeper, the Marmite is the last defender and this attacking sugar=spoon is going to flick the sugar-cube - just as the milk-jug is level with the Marmite...") and others who have related the size of oil-spills to swimming-pools. For those who prefer this simplified-visual approach…

On the Sep 1 2011, Halliburton filed a claim against BP for "for negligent misrepresentation, business disparagement and defamation" according to this press release on Halliburton's website. The remarkably short release goes on to say that "Halliburton has learned that BP provided Halliburton inaccurate information about the actual location of hydrocarbon zones in the Macondo well. The actual location of the hydrocarbon zones is critical…

Having carefully observed the two characters focused on the computer for a few minutes, the man in the tailored suit turned to his colleague. "So what exactly is the proposal?" he asked. "It's quite simple," answered his younger colleague, "they're prepared to sell their place at the table, their hand and all of their chips - for cash." "Mmm. And you've seen what they're holding?"…

Ed Milliband wins the Labour leadership over his brother with a margin of around 1%. With a debt apparently owed to the Unions and perhaps the old left, will he be able to create a credible shadow cabinet of MPs who didn't support his candidacy? Is Labour doomed to a Parliament of infighting as they try to discover the successor to New Labour? What kind…

Image Credit: Image by BP, copyright BP plc. High-res version available here. More here from the Houston Chronicle and the BBC. Cause not yet known, but given that Transocean say the rig was drilling then I can only assume there's been a blowout. Another possibility may be a problem during testing, though that wouldn't really fit with the 'drilling' statement. Estimates of 11 to 15…



SW10Chap's Latest Comments

Hi ee, Is that an actual quote?I have this from March 11 2013: The company said it would decide on the level of what would be a "sustainable return of capital" to shareholders at some point this year... Chief executive Ed Story said in an interview on Monday that the returns would be "quite significant" and would take place annually. "You saw the profitability in…

I would draw a distinction between connectivity and the term attributed to RBC by Alphaville which was pressure communication - a term which is (rightly at this stage) more cautious. It's perfectly possible to have pressure communication even while the hydrocarbons are compartmentalized - pressure can be transmitted through water underneath. Those who have their mitts on the models will have a view as to…

Some babble emerging: http://zolmax.com/soco-international-rating-reiterated-by-bnp-paribas-sia/103310/ “Neutral” rating restated by equities research analysts at BNP Paribas in a research note issued to investors on Friday, StockRatingsNetwork.com reports. They currently have a GBX 410 ($6.39) price objective on the stock Bank of America Corp. reiterated a “buy” rating on shares of Soco International in a research note to investors on Thursday. They now have a GBX 536 ($8.35)…

Just in relation to the point about 117m of net pay being found so far, it is worth noting the results from the two nearest explo wells: The TGT-3X flowed 9,908 boepd from 60 metres of perforated Miocene (with 8m of Miocene and 6m of Oligocene left untested) and the TGT-6X flowed 14,490 bopd (plus some unmeasured gas) in two tests totalling 58m, both of…

the FPSO testing programme is likely to take several weeks, because they will want a few days steady reservoir info at each stage. ...because it will take a few days to obtain steady reservoir info at each stage. The pressure graph looks like an inverted exponential curve and the trick is to call "stable!" when you believe there won't be another millibar increase in the…

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