RE:Malcy's Blog UK - FYIBy the way Gek, nice find on that article on pricing reserves in the NS. That only makes the Stella production hub even more tempting from the perspective of an operator like Delek who want to get into the NS. By purchasing the Stella production hub, a company like Delek will be buying brand new infastructure in the middle of a boatload of cheap reserves. The 25,000 bpd and 56M 2P reserves are a nice buy in and of themselves, but, that FPF-1 is the crown jewel and will fetch a hefty premium, of that I have no doubt. It's a rare feat to be able to not only buy a production hub and have that kind of control, but to buy one that is brand spanking new.
As for Malcy, no doubt his favourite stock is a cupboard stocked full of good Scotch whiskey. I don't think there are many that could keep up with the Malc when he is going hard, and I bet he went REAL HARD in Gdansk, ha. No doubt those Polish lasses won't be soon forgetting the hard charging Malcy. But the old rummy seems to know what he is talking about, and I believe he was on the FPF-1 for a tour, which means he's pretty well connected. Certainly a lot better than I am on this front, and with that I'll respect his insights. Top of the peer group? Sounds good to me.