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Genghis, it would certainly be a great idea to collect it, but whether it is collected or not is sort of irrelevant from an accounting point of view, as any oil on board the AM at 31 December will be accrued into the accounts as financial year 2019 production. There is a secondary matter of collecting cash in the bank, which is really only a cash timing issue and not relevant to this years Profit & Loss Statement. HTH
Regarding offloads.
If I were the CFO here I would be telling ops to schedule one about Xmas day, so the cash gets in the bank by our year end. That's assuming of course, BP are prompt payers (prev info suggests that's the deal) and whether accounts dept at BP works between Xmas and NY, which I would expect them to do.
So, the next offload mb decided by corporate considerations, rather than operational.
Your responses are much appreciated.
ATB
Chablard
Try page 5 of the September 2019 Interim Report - takes you through the status of the Lancaster EPS and production rates anticipated towards the end of the year. So far production rates have exceed 'even Company expectations'. Nothing whatsoever to be concerned about.
https://www.hurricaneenergy.com/investors/results-and-reports
Guess we might have pictures of flares later tonight or tomorrow, by Friday Monday we will know for sure.
Guess all ?
chablard
Apologies for misspelling, nothing intended.
Weren't we informed some months ago that final offloads of the year would be smaller than previous ones? There's no reason to be worried
chalbard
You need to read all the stuff HUR puts out.
The most recent production guidance was in the results roadshow presentation.
Page 15: production guidance from latest lifting to year end 11,000 bopd.
32 days production at 11k = 352k load
What I'm more interested in is Hurricane's last offload.
Just to be a reassured that if it was less than the previous ones, was it due to tests being carried out and therefore down time. Would like to hear the water cut hasn't changed, (and yes i know he said he would inform the market if any significant change.) Be nice to stop any speculation.
GLA
Cheers double.
Scooby,
"Hello all, with there being a 4 day window from Lincoln crestal rns regarding dst / flare sunday 8th and the next update with flow rates etc, should we expect there to be a similar rns on Friday / Monday with details on WW?"
I'd be expecting Monday, though could be wrong of course.
Hello all, with there being a 4 day window from Lincoln crestal rns regarding dst / flare sunday 8th and the next update with flow rates etc, should we expect there to be a similar rns on Friday / Monday with details on WW?