do the opposite of what most posters say and you will probably make a lot of money - thus buy more options!
as stated at the agm, nzo is focused on making the conversion.
2 financials due out in next month and a half - will rerate the company
m
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do the opposite of what most posters say and you will probably make a lot of money - thus buy more options!
as stated at the agm, nzo is focused on making the conversion.
2 financials due out in next month and a half - will rerate the company
m
any idea if kupe will be flow tested upon completion of the 3 production holes rather than wait a year before the production facility is up and running.
me thinks production could start sooner using the swift facilities purchased by origin.
M
30 km from kupe landfall to rimu production station - why wait a year to use jv new facility when a lousy 30km 6" pipeline could start cashflow starting much sooner.
origin have flagged up potential advantage for kupe with the swift purchase and this has been mentioned before on this thread.
kupe production could start before end of june with a 6" 30km pipeline to rimu.
impact on sp? would it go up 20c? - i think so
impact on ocs? converted!
my tip for pass the parcel oc is 30C
M
With production drilling to be completed within 5 months it is the Production station on the critical path. I have been thinking that there must be a good chance of the new plant being commisisoned earlier. Perhaps even later this year which would be good news in itself?
Chippie
I would be very surprised to see the plant commissioned earlier than planned 2Q 2009. There are too many pieces of kit being sourced and fabricated around the world in an already very tight O&G construction market. I will certainly be pushing to see it commissioned on time.
The Machine suggests....
30 km from kupe landfall to rimu production station - why wait a year to use jv new facility when a lousy 30km 6" pipeline could start cashflow starting much sooner.
origin have flagged up potential advantage for kupe with the swift purchase and this has been mentioned before on this thread.
kupe production could start before end of june with a 6" 30km pipeline to rimu.
impact on sp? would it go up 20c? - i think so
impact on ocs? converted!
Machine the Rimu facility would need to be revamped to be able to handle the Kupe fluids. Kupe has quite a lot of nasty shiit that needs to be processed so at this time I would be surprised if it could be completed before Kupe is running. Yes I would expect Origin does see synergies between the plants such as common pipelines onshore and also the development of the offshore areas from Rimu!
Dont be at all surprised to see expansion of Kupe, there is provision for it some where down the line?? ;) If my memory is correct Kupe was priced on $45 boo and where are we now. This field should be another gold mine for NZO.
Oiler
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Oiler,
Agree with you ...... whole process and plant fabrication is far too complicated to rush .... look what happened to the BasGas processing plant .... what a disaster that was.
So steady as she goes and crossed fingers for smooth start up mid next year !!
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