Soco Share Discussion Threads

[kenobi] 03/5/2018 09:29

On a different subject, I recall that when the water separation facilities were installed another issue came to light with a pump or such device, has there been any news on resolving this issue ? I haven't seen anything

thanks,

K

[emptyend] 03/5/2018 08:28

I must say that my assumption was that the (renewed) bidding for the Santos parent would delay a deal for the Asian asset package. Perhaps others were more wary of execution risk, hence dropping out?It looks to me as if one or more other parties have dropped out following a board decision......so perhaps the question for OPHR holders is whether it will actually complete?

[nigelpm] 03/5/2018 08:16

Yup, just noted on analyst call - in market for sale since 2017 - lots of competition up until 24 hrs ago!

[emptyend] 03/5/2018 08:02

Indeed. I was aware that that package was available and had been expecting SIA to emerge as the buyer. Would be interesting to know the story on it - so perhaps a question for the AGM?

[nigelpm] 03/5/2018 07:49

Great move from OPHR - something SIA would have been interested in one would think?

[emptyend] 01/5/2018 14:24

Repsol report they have a unitised 0.67% of TGT. They reported a slightly higher number last year. It is not obvious how this came about, but it is possibly the result of some sort of side-deal with PV, as it seems to to have affected SOCO?Repsol have a number of interests in VN, including adjacent to 125/6 as well as adjacent to TGT (ie HST, IIRC).

[pumph] 01/5/2018 14:05

Some of Repsol's Vietnam acreage is in disputed waters and activities are suspended so I would imagine they might be keen to get out of the area.

[kenobi] 01/5/2018 13:46

It has suprised me that there hasn't been a deal done on the talisman dimple, uniting the areas and use of fpso, surely this would make sense to all concerned ?

Is Repsols footprint in vietnam big ?

K

[fangorn2] 01/5/2018 11:09

"But for SIA, the only macro things that matter are oil prices and the situation in Vietnam....which, helpfully, continues to be pretty stable - even if there are uncertainties further offshore."


Agreed.

There was an article bloomberg side the other day pontificating on possible POO prices of $300.

One would expect a Global depression if such occurred but $100 wouldn't be unlikely



Oil is going to be interesting for the foreseeable future that's for sure.

[emptyend] 01/5/2018 09:00

40 years is indeed a long time. And there certainly have been changes. But it is very difficult from the outside to assess the internal balance - even for those who are very much closer to it.Re military build-ups, these are indeed troubling. The shape of the battlefield is changing (cyber etc) and it is by no means clear which countries have the upper hand....which is where the dangers lie, IMO.But for SIA, the only macro things that matter are oil prices and the situation in Vietnam....which, helpfully, continues to be pretty stable - even if there are uncertainties further offshore.Incidentally, I wonder what Repsol's view is, given they bought out Talisman and have subsequently delayed the Red Emperor development .

[emptyend] 01/5/2018 08:25

If you wind back to the 1970s before the fall of the Shah, Iran was very civilised and western-friendly. I worked with a number of Iranians who left after that event but many still in the country are similarly well-disposed today, I think. But, as with DPRK, they recognise threats.It is a political problem - not one that requires war. Trump may be right that Obama made a bad deal.....and doubtless the Israeli disclosure is aimed at reinforcing that opinion. But the way forward will be diplomacy and sanctions - nothing more, unless the Saudis or Israel do something rash.The timing is no accident, I suspect, given developments in Syria and DPRK.For oil prices, though, it creates a major uncertainty. I wouldn't be surprised if the Saudis poured rhetorical fuel on the fire.

[fangorn2] 01/5/2018 07:51

Iran is a problem that will come back to bite us all if we don;t sort it out, now, when we have the chance.

The Nuclear deal isn't worth the paper it is written on.

[dunderheed] 30/4/2018 22:46

It's just re hash of previously existing intelligence IMHO. 'Some*' may say the Israelies are as bad as the Iranians.






* I believe this is part of the minimum requirements to be part of the Jeremy Corbyn party.

[runningbull] 30/4/2018 22:25

Israelis claim to have proof, but Donald is itching for an excuse to revisit the Iran issue, oh dear,

K

[dunderheed] 30/4/2018 20:05

Actually you'll find that, very generally speaking, the main population of Iranians are the most 'open minded and liberal' of the middle eastern countries.
They are held to ransom by a a broken system.
All imho of course.

[fangorn2] 30/4/2018 18:41

Perhaps we could drop one on Iran and finally solve the problem,for ever.

[emptyend] 30/4/2018 18:35

....ps....Brent got over $76 in the last half-hour.....Israelis have proof Iran hiding nuclear weapons.Oil prices Vs defending Israel? Tough choice for a US politician....

[emptyend] 30/4/2018 18:28

The Donald, of course, is no geologist. But he does understand the consequences of under-investment in properties.....and that is what has been happening.The effects on the oil price have been masked by fracking the Permian and other basins in the USA.....but, as the best acreage gets drilled out and interest rises tighten fracking economics, oil prices will rise.If Donald wishes to change OPEC policy he should buy Saudi Aramco.

[kenobi] 30/4/2018 17:40

The Donald isn't happy with the oil price, no doubt he'll be doing his best to get the saudis to keep the oil price down, so we can have cheap energy, and economic growth while he's president, (not to mention encouraging drilling shale etc)

will that be enough ? will we be saved by the rapid adoption of more efficient cars, and even electric cars ?

[emptyend] 30/4/2018 16:57

The "open the taps" phrase was coined by journalists . The reality is much more nuanced. Sure there is AT PRESENT some spare capacity that can be brought onstream quite quickly.....but that won't be the case by 2020, with another two years of depletion, underinvestment and demand growth.Hence my suggestion that $90-100 at that point is perfectly reasonable, even without any spikes higher.

[dunderheed] 30/4/2018 16:37

This is the point!! They wont the capacity to do so as it is a lot of their fields that will be potentially affected plus taking into account expected oil usage increase then and other field natural declines occurring at much the same time and bob's your uncle OPEC inability to absorb plus shale inability to absorb and production cliff. ALL IMHO.

[nigelpm] 30/4/2018 16:17

The other argument to the spikes of course is that OPEC could open the taps once again - currently holding back output.

[chessman2] 30/4/2018 15:46

Peter,

Surely HUR will fill the gap or at least I hope it will.

Fortunately I have already more than made up my SIA losses with HUR.

However I'm still wishfully hoping to exit SIA at a number close to 200.