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... hold your breath
"any well operations activity at the Lancaster field location would commence late in the first quarter of 2021 at the earliest"
Hi TheeDuke
Totally as expected; and it’s clear the board are not making false claims, nor being overly enthusiastic. Safe hands and all that during turbulent times.
Hedged oil at $35 any upside to it for the benefit of the company..
IMO RNS IS FINE
OF course they can service there debts
I don’t see 15000bpd as bad news ..!!!
Looking at the cash flows and hedging can the company service its debts this year and beyond is key question. Anyone know?
I don’t think it’s too bad.
Water from 6 is 11%, which is an increase, but now that the ESP’s are commissioned this should hopefully stabilise.
Production is up by 2k bbl/d, 7z is back online.
From the Edison report of June it was clear that the CPR would reduce the P2 values. We just don’t know HOW material the decrease will be.
Does anyone know what was meant by the GWA statement? Has Field Determination been granted?
Usual clearout of skeletons by new management.
Should see a drop on this news and an excellent entry point.
TaDaa .... " 205/21a-6 well represented a water cut of c.11% compared to 8% immediately prior to 5 June"
https://www.londonstockexchange.com/news-article/HUR/operational-and-corporate-update/14606917
Pretty awful update. Notable is the increasing water cut, a whopping 21% in Q2 and this rather ominous sounding verbiage: "The outcome of the technical review may lead to a material downgrade of these contingent resource estimates. Any such revisions would be formally reflected in a new Competent Person's Report, currently scheduled for release no later than the end of Q1 2021."
Feels and looks like the beginning of the end...
GLA and DYOR
Happy