The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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The most useful and informed thread here for many days. Anyone watching the CMD can see what we have here, Lancaster is world class and enough on its own. This share at these prices is like buying fifties with a tenner, eventually the noise will go away and majors be will moving in. Dont want to be out when it happens, because there will not be a warning.
Thanks Aduk.
That's a good thing with this board, loads of ****, lots of infighting but people here know a thing or two and help ****wits like me
Nothing I can add to that!
johnpwh,
"WD is one thing, but do you (or anyone else who wants to speak to me) think there is any danger of recurrence of the problems with 'skinning' found on the Halifax drill - or do we think that lessons were learned that are sufficient to prevent reoccurrence?"
Personally, yes, I do think that Hurricane have had enough time and acquired enough data to have found a solution to that particular problem.
Once again, it mustn't be forgotten that both Halifax and WD were 'exploratory' wells,so regulations applied constraints relating to the 'mud density' used: regulations which are more more 'liberal' whe drilling subsequent 'appraisal' wells.
I'm not saying that mud density was the cause of the problem at Halifax, but am sure that it was an associated and aggravating factor.
Hi Genghis, I too have watched it through a second time (not counting the first when I had a kip halfway through). WD is one thing, but do you (or anyone else who wants to speak to me) think there is any danger of recurrence of the problems with 'skinning' found on the Halifax drill - or do we think that lessons were learned that are sufficient to prevent reoccurrence?
Two big knocks in the last couple weeks, from WD, and the Kerogen partial sale. Let's leave K aside for the moment, and focus on operations and geology, as presented in CMD.
I have just rewatched the CMD, and tbh imho those who knocked the presentational skills are way out of order ; aside from the rather abrupt referral to CPR of one Q I think this was not just extremely professionally done, but laid out a wealth of facts for all to see.
The list of positives was almost embarrassing, the incredibly high PIs of the EPS wells, the increased production estimate, and the likely even lower than estimated OWC. the word "DELIGHTED" was used repeatedly re the EPS, with facial and body language that was simply, unmistakeably, genuine.
Even on WD, which some here have wrongly referred to as a "duster", RT made the comment that "with the oil column indicators and the pressure that we've seen, there must be a permeable and well connected fracture system present, to achieve the pressures we've measured, and HCs are present.....more likely we just penetrated a poorly connected part of that system".
So, WD is not a total disappointment ; obvs a flow test would have been ideal, but the WC well should flow like the EPS crestal wells.
Operationally, financially HUR is still on track, and a successful LC well, a 2nd EPS lift very soon ; and continued EPS production in line with guidance should, imho, see a good price recovery here before too long.
But wrtdik, DYOR!