Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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CA, like the rest of us are entitled to sell and buy when we want and there can and will be many reasons for that. I have no issue with the way CA are operating at all just now.
Yes the SP took a hit when the Warwick West results weren't initially as great as we hoped althoughI think it was way overdone - but that's just my opinion.
Again, in my opinion only, the scare mongering about Water Coning is what is hitting the SP the most. - as I said in a reply to Reverend Andy a few days back - Hurricane stated in presentations September and October that the produced water is perched water, not coning - I would rather take RTs word for it, rather than some random posters on here that have no clue about the industry what so ever.
The perched water, approx 8% is what is expected over the lifetime of the EPS, it may be 16% from 1 well or 8% from both and will fluctuate , but who cares at it is normal perched/trapped water.
All IMO
Not if they fancy increasing their holding at the lower price, knowing that they will sell into the rise. Its easy when you already have money.
Prover,
Agree with you, but just to add:
"C A don't help the price by selling into pending results but that's how they make there money"
They're worth less than they were 6 years ago, so maybe you were being a bit kind to say they "make their money"
Bit ironic if they are actually helping to drag down the SP of their biggest holding...
Apologies, I meant water cut not OiW
Acquiring data is what they (we)are doing, I'm not sure what the fuss is about , the price has taken a battering originally due to the results of the final well test in this years drilling programme, from what I gather they've tested WW to gather as much data as possible which will help with FFD in the future. (hopefully near)
Also a bit of scaremongering (imho) re; coning.
C A don't help the price by selling into pending results but that's how they make there money.
If there were issues with Lancaster wells 6 & 7Z they'd let us know in good time ,(hopefully) meanwhile we just have wait for any official company updates, as deemed necessary.
Meanwhile here's my unofficial update the well which is online is producing @ 25% above the Q4 guidance & the OiW is in line with company expectations.
Its a difficult game to understand when the bad news affects things more than the good news does (the good news is we've been producing for more than 6 months now) so we have a constant cash flow, but that's the way it is with this share in the current market conditions.
Have peaceful festive period from a very stormy north sea.
ltcap - that was how i read it too. I suspect we could see the all clear on lancaster. Unfortunately the SP has been decimated so much that We need to rise 50% to be where we were before all this shenanigans. I am in for the long term so won't matter but not nice portfolio view
From the RNS 2nd December: "Further progress is also being made in our understanding of the Lancaster reservoir. Uninterrupted vessel uptime combined with good well productivity have allowed us to carry out additional data gathering "
These couple of sentences lifted from the 2nd December RNS lead me to believe they've been able to acquire more data than expected in a shorter period of time than expected. Seem's they may have originally factored in interruptions and and less than 'good' well productivity at an earlier stage. Sounds to me like they've got enough info to make some judgements ahead of the original plan. I don't see anything negative in this statement about the Lancaster EPS.
Interested to hear other peoples opinions on this.
Thanks Joe.
From RNS 2nd December
“ "Further progress is also being made in our understanding of the Lancaster reservoir. Uninterrupted vessel uptime combined with good well productivity have allowed us to carry out additional data gathering whilst remaining in line with guidance for Q4 2019. We will provide a further update later in December.”
If water is an issue then its being rolled into the phrase “good well productivity”
ww, you appear to have overlooked the footnote on pg11/26:
Note: Based on preliminary analysis: Post-start-up metrics/observations are as at 11 July 2019 Capital Markets Day.
The H1 Report updated this info in September, but it's not reflected here...
This presentation may only account to results up to and including the September OGA figures, or indeed they are a snapshot of the EPS at a moment in time as yet defined before September, but regardless they make for interesting reading and seems to contradict the analysis of some, assuming that the company were reporting worst case.
Presentation date 7th October 2019
Pre EPS model flow 20k p/d on EPS
Post EPS 20k p/d natural flow
Pre EPS model per well natural flow 11820 combined
Post EPS >16.5k per well
Pre EPS model combined best case water saturation 5-10% (2017 CPR)
Post EPS well 6 WC -NIL
Post EPS well 7 c.8%
Pre EPS model PI Well 6 160std/d/psi Post EPS well 6 205 stb/d/psi
Pre EPS model PI Well 7 147std/d/psi Post EPS well 7 190 stb/d/psi
Time will tell of course.