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Equator Exploration Share Discussion Threads
Showing 114751 to 114772 of 114775 messages
|But if/when the price rises Oando will then ditch the minorities. It would be easy to do, have a rights issue and minorities diluted out of existence. Until then it doesn't matter and simply replay the annual conf call. Either way the minorities end up with the same, nothing.|
|The reality is, the price of oil tanked from circa $110 per barrel in July 2014 to circa $26 per barrel in May 2015 the seriously screwed-up EVERY Oil Company's finances...and forward business models & plans. However, with oil prices recovering & with KOSMOS 3D seismic plans Q1 next year, this board may get a little busier over the next months...
|Errr it's 2016 and we were told to wait a couple of years. Perhaps everyone is quiet because they're trying to find some more cash to invest now that we've seen those jars of real oil, that prove beyond doubt this wasn't a con and all we have to wait the 2 years. Trust in Pade, he's a nice compassionate guy and as we can see it about to come good...in a couple of years.|
|We are all here and all turned off until 2017 when it might be worth having a glace at what's going on here.|
|anyone left? and thanks Mr K|
|The following slide is taken form the October 2016 Kosmos Energy presentation.
Triton Energy discovered the Ceiba Field offshore Equatorial Guinea in 1999. Triton Energy was later sold out to Hess. The management team of Triton then formed Kosmos Energy.
Note the speed & efficiency with which the Ceiba field was developed, this is the model with which Kosmos operates upon. Kosmos IMO see a significant amount of similarities as well as an extension to the Rio Muni Basin play with which they have significant knowledge & data....
Triton Energy and Energy Africa discovered the Ceiba field in October 1999. The Ceiba field is located 22 mi offshore Equatorial Guinea and was the first discovery in the Rio Muni Basin.
Hess is the current operator of Blocks G and F with an 85% interest. Energy Africa holds 15% and the Equatorial Guinea government holds 5%.
The Ceiba field came online just 13 months from discovery in November 2000. The field initially produced from five wells to the Sendje Berge FPSO. It was a converted VLCC, formerly named Berge Charlotte. The Jurong Shipyard in Singapore converted the VLCC into an FPSO capable of storing up to 2 MMbbl and processing 60,000 b/d. It was moored in about 300 ft of water on Block G.
In January 2002, the operator upgraded the FPSO to accommodate increased production from 16 producing wells and 12 water injector wells. The onboard liquids-processing capabilities went from 60,000 b/d to 160,000 b/d and added water-injection capabilities.
The Sendje Ceiba FPSO replaced the Sendje Berge FPSO. ABB Offshore converted a tanker named Berge Hus into the Sendje Ceiba FPSO at Jurong Shipyard in Singapore. The Sendje Ceiba FPSO had a storage capacity of 2 MMbbl, but also a total liquids capacity of 160,000 b/d and facilities to inject up to 135,000 bw/d into the Ceiba reservoir to maintain field pressure and optimize recovery.
The Sendje Ceiba FPSO replaced the Sendje Berge in a 14-day operation. Production commenced from the Sendje Ceiba in January 2002.
The Ceiba field reached peak production of 72,000 b/d in 2001 with 19,400 b/d reached in 2011. Total recoverable reserves are estimated at 229 MMbbl.
|Cleo - thanks for clearing up the "theft" issue ha. After all these years is does make me wonder why they still keep us hanging on. Is it pay back from colonial rule I wonder.
Good luck in tracking down your shares if the occasion ever arises but I reckon you may be saved the bother once they actually work out a way to pull the plug without causing too many ripples in the stinking pond that is the "city".|
not sure we could say they stole our 'assets' in the way we might mean assets. They stole the return of the 'deposit' to the N govt and did some fancy 'bookkeeping' footwork to pay it to shareholders (largely themselves) as a special dividend? (c.2009?)
Well, fortunately, I think of this catastrophic 'investment' now every couple of years instead of every couple of minutes. I still 'own' over 200k shares but heaven knows where since Selftrade denies all knowledge - some are even in certificated form but they never sent the certs! If they are ever worth anything (as likely as an invasion of unicorns in Piccadilly?) I'll have the delightful problem of finding a way to prove my stake!!|
|thanks sorry could not listen , thanks for arranging it, any update would be much appreciated|
|An interesting conference call.
Thanks for putting the questions slg|
|One fact we did get was the EEL debt. At the moment it stands at $19.7 million of which $8 million is in interest. A bit steep in these days of near zero bank rates! Clearly the interest alignment works properly for Oando!|
|A lot of the same old platitudes and meaningless sound bites I'm afraid.
Q (Nik) "When do you expect good news on the OPLs and Peak?"
A (Pade) "It is a potentially fluid situation. In another 3 or 4 months (well at least it's not 2!) we should be able to indicate if there is any good news."
Q (Nik) "Should we be looking at a listing in the next 12 months?"
A (Pade) "It is a possibility but I haven't given much thought to that."
Q (Stavros) "We wanted someone on the Board (a non exec) to link with the SLG and the Board."
A (Pade) "We are fully aware. We want to make sure everything aligns properly."|
|So, if according to the company spokesman our assets are valued at zero why did they steal them in the first place?|
|Before anyone say's it one of the questions answered was around 2019 which is about another 2 years, Lol but have to say the boys asked some good questions and who knows we could be worth a bit more in 12 months time. Seemed quite up beat to me|
|Sorry but dis agree. Well done and credit to the EEL SLG question masters.|
|Same old waffle.|
|Blaa blaa blaa|
|just started 6 mins late|
|Thank you Mr K for organising this. I have registered and will dial in later.|
|That's big of them to provide freephone number. Probably realise that most of us don't have two beans to rub together as it's all tied up in this scam.|
|I am dialing in today - providing I dont get called into a work meeting. joining to so my support for the SLG although I feel it will be a waste of an hour inmy life- anyway fingers crossed and good luck MR K et al.|
|aquilla2 Oct '16 - 10:20 - 64001 of 64004
4 years since the last "positive" update then.
Maybe the company source was just purposely stringing you along and having a laugh.
5 years since "winning" against Peak.
At what point does optimism cross the line into delusion?
Instead of being passive lambs to the slaughter is there nothing that can be done to encourage Oando to do some form of deal however bad it is? I guess there is always that nuke but will it still be operational in another 5 years?|