What News - Reflections of A Venture.

[Putncalls]

"6 Billion is A small price to pay" YEP! Gas in the ground for a buck or LNG and plastics for 15 bucks. IF IOC gets 3 billion from Total why can't it wait for a 100 years of 15$ cash flow? Why do you think PM was obsessed with his "fully integrated" vision?

[Putncalls]

BTW:
IOC has the potential to be a transparent low tax compounding engine. A US investor can compound tax free offshore for a long time and all the US progressives can't touch that compounding machine.

[jft310]

Kaliboo you might private message Stavros and find out where he lives and what he does for a living if he will tell you. He works in the industry as they say.

[jft310]

Bidders for the farm in partners ? That would have to include a Total who had an exclusive right to negotiate which might have explored by now? I would bet Oil Search wants to bid. Would Exxon bid ?or Woodside?.

Tongue in cheek comment by me . Hession gets paid $500,000 for any discovery of 1 T or more is proposed for voting by shareholders for the AGM. If he announces early does he still get paid????Just asking???I have not checked the dates but I bet he gets paid if announces before or after the AGM. Remember Tongue in Cheek!

[Tusker]

Right it's no flare.  Too white and very square.  Another observation - no ear plugs or hearing protection.  Thats now standard for the oilfield.  This must mean no engines are running at the rig site.  A rig is a very noisy work environment.  This may have been taken before spud.  Both of my ears ring.  Likely at least in part due to being on rig sites in the days when hearing protections was not required.  I can't imagine the CEO would violate safety policy.  Large flares also can be noisy.  I imagine this just well site construction.

Hey Rocky, watch me pull a big cat out of a hat. That trick never works....

"Too white and very square"  Well now... where can we find white & square?  Take a look around the earth works of the well pad.  See any?

It is a 20ft white ocean container.  Likely privately owned by a services contractor.  SS lines mostly do not paint the ocean going boxes white. And the one that does, there is a large coporate logo painted in black on its long rectagular side.

What has occured is that the camera, likely digital, is searching for contrast.  The greatest contrast in colors is white and black.  These are called opposite colors.  The camera easly picks up the bright white and contour of the helmets as P&C noted, but as distance increases further to the container, the resolution breaks down resolving into a white glare.  Yes, the white glare is not a flair.

Think about a common experience.  The reason roads, particularly black top (asphalt) have white lines is that the driver can clearly see (contrast) the road lanes when when other color contrasting is not present (night time). Cognitively. this comman perceptual occurance or others may be interfering with a uncomman still picture we are viewing.

Now, if you take a visual step sideways and down from the glare, you can see the yellow tip and the red reflection in the holding pond. The red reflection even shows ripples as the high velocity gas push the surface in the outbound direction of the flair.

Location. Thanks for all of the PM's I received.  One clue is that the earthworks are essentially a long rectangle.  Start next to the tall red cylinder.  Also note, on the home page next to the diamond logo is another picture of Wahoo.

So, how is it possible to read the the top of the pocket wheel calculator in the engineer's pocket?

Simple to do, you make the image flat.

I don't think IOC saw this comming. Hope Dr.Mike still gets his bonus.

Hohoho

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[Putncalls]

I have hearing loss in my fifties because of a lack of ear protection. Wouldn't they use it if there was a flare?

[Kaliboo]

I have hearing loss in my fifties because of a lack of ear protection. Wouldn't they use it if there was a flare?

Yes.  But suggest looking for other rig site photos to see if it's being used

[Spartina]

I think you guys scared them, looks like the picture is off the front page.

[jft310]

I think you guys scared them, looks like the picture is off the front page.

picture shows at this time FWIW

[Spartina]

Yes - thanks JFT - it was off this am for a bit. I must have scared them to put it back on - smile.