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londoner7
Thanks for the link.
Much obliged.
Ron
ronok, this Dashboard should give you the production figures you're after.
https://data-ogauthority.opendata.arcgis.com/pages/production
Oiler87
To put things into prospective, the largest well on the buzzard platform is currently producing 8,500bpd of oil and 12,000bpd of water.
--------------------------------------------------
Hi, Thanks for posting the above production of the largest well on the Buzzard.
Had posted a month or so ago a request for oil production figures of wells in the West of Shetland that any posters had facts on.
No replies at that time. Maybe that information is not easy to obtain.
The intension was to compare the Lincoln Crestal well test result with other well productions in the W.O.S.
The Lincoln Crestal test result was,
• Maximum stable flow rate of 9,800 stb/d on ESPs
• Lincoln confirmed to contain light, 43° API oil
• No formation water produced.
These results were said at the time to be constrained by surface equipment so an improvement could be expected after everything was cleaned up and the well actually producing.
If we can get more well production results it would help to assess the value of the Lincoln Field and Hur’s 50% of it.
This is obviously a ‘broad brush’ approach on a commercial oil production basis ignoring the differences in types of oil fields and age of them.
Could the value of the Lincoln Field have been neglected to date?
P.S. No need to mention Lancaster 6 well. It should be compared on a worldwide basis.
Ron
DC noted your 17:29 with
"It all depends on the water cut, and whether it has stabilised, continues to rise, or starts to decrease."
Also noted PlantedBHA 09:26 on Monday, "Explain the word stabilised ?" I expect that most assumed it was yet another of his rhetorical questions as it did not (ttbomk) receive any reply.
The company have laterly been quite open with the data on the water cut from the wells.
The new BoD have not drawn attention to the water cut by trying to explain it, but have regularly updated with the values for recent flowrates, if not quite to the same level of detail as the daily data values that were supplied in the CMD presentation.
But it matters not, what is absolutely clear is that the water cut continues to rise in both wells.
The reference to "stabilised" is to establish the rate after the well restart where they (DrT) have said that it is 'perched' because the water cut is high immediately on start up due to the water accumulating in the bore, and can be seen in the instability in the daily data. This needs to be cleared before meaningful steadystate data can be established.
Most importantly, it does not say that the rate is constant.
A look at the CMD graphs will show the relationship with oil rates and water cuts and time.
Whilst the water cut is rising it is an existential threat.
If a fall in the water cut is detected, imo they will trumpet that fact, until that time we can see that the evidence shows that the rate will continue to rise.
This will, as you have said, limit the oil production future guidance, just as it will affect their future plans.
jimo
joe
And I didn't mention the bonds!
Oops...
Slift
It all depends on the water cut, and whether it has stabilised, continues to rise, or starts to decrease. Apart from the less than wonderful drilling results last year it is the increasing water cut that has spooked investors, along with unfounded speculation that it is aquifer water.
If the water cut has stabilised there is no reason why they cannot continue to produce at 17k bopd or even a little bit more. Obviously if the water cut continues to increase the AM's maximum fluid handling capacity will ultimately limit oil production.
Your suggestion that 2021 production guidance will be 12-13k implies that HUR are expecting that the water cut will continue to increase. If they were to put that out as guidance the SP will be dead in the water.
Time to ignore slift
His posts are shoddy at best
Technical review will confirm hurricanes next drill on Lancaster, and plans to add the Lincoln 14 well to our current production
No reason why production guidance can’t come earlier as they now seem to have a handle on the two wells performance. Expect shiela’s coronation announcement to be aligned with this.
6 well production heading north is expected
Hi fandg2,
I'm not expecting future (2021) production guidance until after the technical review (or end of year).
But I think the board can comfortably provide a production guidance for 2020. Note in their last RNS "until production uncertainties have reduced".
Their last RNS also states:
"as oil and water production from the 205/21a-7z well has stabilised."
"With the 205/21a-7z well currently flowing using the ESP there has been no evidence of the performance issues which led to this well being temporarily shut-in at the end of May 2020. "
Above reasons are why they suspended the production guidance in the first place. If they can confidently say that these performance issues and water/oil production is stabilised, then they can confidently provide a production guidance.
PlantedBHA,
Figured out why 18k guidance is impossible? Or is your brain going to explode?
Slift.
Could it be because he can’t read ?
Slift, "I think we can at least expect this production guidance before the review in September."
Why do you think that when the last RNS states " Production guidance will remain suspended at this time until the technical review is complete or until production uncertainties have reduced."
And a previous RNS stated "Results of the technical review and future production plans are expected no later than the Company's interim 2020 financial results, which are provisionally scheduled for 11 September 2020."
Slift
You latched on yet
Remember , it’s s@ck, not blow
Lol
No reply
Too technical for you ?
No, you don't need to "test" me.
You can use what little brain you have to figure it out.
Run along slift
Think it’s lunchtime Aka latch on time
Let’s test you slift
Why is guidance of 18k not possible on or before September ?
Let’s have a laugh at your answer
Who's Robert Trice?
See whether you can use your braincells and figure out why 18k guidance is impossible, or at least for 2020.
Slift
Try 18k guidance and you might be close
Remember and I quote Robert trice
Production from further along the horizontals could bring higher production , not less as you’ve predictably quoted “
Did you hear or read any of hurricanes rns submissions ?
You really are that d@m
2021 isn't including any new wells that may be tied in. But there's too many factors that need to be considered here, so have not included it.
So yeah, pretty serious.
Do explain why you had to laugh.
Slift
You’ve really outdone yourself this time
I had to laugh when I read this section
“Any less and it'll be disappointing and add to uncertainties around production.
Any more and i'll question how they hope to achieve it.
I think we can at least expect this production guidance before the review in September.
I wouldn't be surprised if production guidance is 12-13k for 2021. “
Just about rolling off my seat with laughter
Your a serious poster on this board ?
A production guidance of 15-15.5k is very possible for this year. Even with a few hiccups for the rest of the year and including planned maintenance.
I'm unsure as to why Hurricane have yet to provide this guidance.
Any less and it'll be disappointing and add to uncertainties around production.
Any more and i'll question how they hope to achieve it.
I think we can at least expect this production guidance before the review in September.
I wouldn't be surprised if production guidance is 12-13k for 2021.
In my opinion, guidances of 15k for 2020 and 13k for 2021 should put Hurricane above water to decide and make decisions on the FB concept and future development of their licenses.
Slift.