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Hi Genghis15,
…" flow rates/interference/water cut news is critical..."
Totally agree !
Must say, I've become a little jaundiced at HUR's (lack of) PR skills lately [ I'm a slow learner ;-<], and I'm not sure now whether - even if it were good - we'd be told !
Ho hum
ATB
" but flow rates/interference/water cut news is critical."
Yes, Genghis, that sums it up. Can we close the BB down now, until all those village idiots have moved on to another poor share?.(I think it's the MMs playing games....)....Its got so bad, I only look at this BB twice a day now.
Ac lot of hypers and rampers on here these days, best ignored.
As AS points out, the next well behaviour update is key to whether this SP rerates higher or lower. Other factors involved, of course, but flow rates/interference/water cut news is critical.
I know buyers are needed Dive but it is ii rather than pi money that is needed to make a sustainable sp difference and I h ate to see pi 's burnt on hype. My point about waiting for the next production RnS is based on this extract from the Apr update which identified for the first time a perched water zone for the 6 well. "Having not observed water during initial drill stem testing of the two Lancaster EPS production wells, significant water production had not been expected during the EPS phase. Water production has been steadily increasing since production started, with an aggregate water cut of approximately 26% during the month of April (1st - 21st) whilst producing an average of 18,500 bopd (net of downtime).
After retrospectively analysing the drilling and petrophysical data with the benefit of the EPS data the following conclusions have been drawn:
· a 10m high permeability water bearing zone has been identified within an interpreted 40m producing interval in the 205/21a-7Z well;
· a 10m water zone has also been identified in the 205/21a-6 well, however this water zone is more distant from the interval currently producing;
· produced water from the 205/21a-6 well is therefore interpreted as being drawn from the perched water zone intersected by the 205/21a-7Z well; and
· current individual well water cuts of approximately 46% in 205/21a-7Z and 7% in 205/21a-6 during April are consistent with this revised interpretation, noting that the 205/21a-7Z figures were impacted by high water cuts immediately after a shut-in at the start of the month."
CaptainSwag thanks..point taken ;-)
Mazik - I think pelham is too small a short for that. I am also sure that when we do rise there will be companies who think that the rise is not warranted and therefore other short opportunities will be opened.
what is the true value? If the progress to FFD and start on Halifax - it could be billions. which is why I initially got involved. we may be a year further away on that than we were due to oil price / covid / well issues / giant squid
I think it is currently undervalued by the market at the moment. as the drop since December has been way overdone. However possibly it was overvalued on sentiment before. A value half way between the two would do me fine .
When Pelham Capital finish off loading IMO then it will be rerated to its true value...
AquaeSulis01
Don't knock it. Buyers are needed if the sp is to rise and you can't choose your fellow shareholders.
Love the new gamblers on here; heads negligible watercut on 6 tails it's gone up; hope it;'s heads when the end Jun report lands
The moment they announce the shut in well comes back onstream this will bag - thats my opinion
Just got to hope Mr Trice dont mess this up