Member Info for DiveCentre

bransonbull
Do you remember the former member empty vessel?

SG2
Do I detect some laminar flow disturbance.

Dr-Kaboom
At least we know which camp you occupy

Greenmachine67
Is it not obvious?
He does not approve of RT's removal.

I am amazed that this subject has flared up again. Has no one see the light yet!

Slift
Data gathering was the priority under RT's tenure and gas re-injection was proposed simply as a means of dealing with excess gas. It was the least preferred option. We still do not know what is the new Bod's long term strategy other than they are currently in survival mode. If they still attach any value in continuing with data gathering then gas injection is not an option.

"Can you provide a technical explanation for this?"
So the answer is NO
"Therefore I believe 6 will follow similar degradation now waters broken through"
More speculation dressed up as fact.
Where exactly has water broken through from?

If anyone here is in doubt that production has resumed they should reflect on their continued investment.
To suggest that production has not resumed is preposterous.

Slift
The ESP's did not need to be installed. They were previously installed during the well completions prior to start up. The delay in the avaliability was failure to commission control systems onboard the AM.

Slift
The CMD did come across as somewhat amateurish but you need to put that aside and listen to the content. You would also do well to listen to the followup Q&A.

Slift
If that is intended as a serious comment I have to say I'm surprised this is your first viewing of the CMD.

adoubleuk
The RNS said "Dr Robert Trice has resigned as Chief Executive Officer and a director of Hurricane by mutual agreement with the Board". By mutual agreement simply means he was not sacked. I don't think there can be any doubt that pressure was not being applied. Had the board been entirely satisfied with his tenure the words "by mutual agreement " would not have been used.

MCB55
If this technical review concludes that the OWC is more than a few whiskers above the low case (1597 TVDSS) they will be rubbishing RT's previous conclusions all of which were audited and vouched for by RPS . So will any future CPR by RPS be worth anymore than the paper it's written on?

A supplemental question:
The one thing I would like to know about the technical review is whether it will be entirely a HUR piece of work or will RPS have some input given that it is they who will eventually be putting their name on the CPR.

Slift you asked for opinions:

- What about the resources for the other WoS portfolio? Will this only be provided to us after CPR?

Difficult to see how they can give an accurate revision of the non Lancaster portfolio as they are currently collecting data from the EPS only. The CPR is not due until H1 2021 and as far as I am aware will be confined to the EPS so I cannot see that this would have any bearing on Halifax and Lincoln/Warwick. Having said that you cannot rule out the possibility that they decide to extrapolate if there is any significant revision of the Lancaster resources.

- Will they release the technical review before the interim results? What do they have to gain in completing this tech review in such a short time and releasing during this transition period of Interim/Designate CEO's?

When announcement of the technical review was made they may or may not have had a candidate in mind but they could not have been sure of an appointment. I would have thought that the new CEO would want to spend as much time as possible familiarising himself with the data so I don't see it being published before the results He is the one that will be dealing with post review consequences. It's only 3 weeks to the results so I can't see any need or reason to rush into publishing the TR before the results.

- It seems like this technical review is completed by Bev and the BoD and then passed onto the new CEO. What (who, and why) is influencing them to complete this technical review before handing over?

I don't see any suspicious in this. Maris is new to the company so it is perfectly reasonable for the interims to be signed off by the existing (interim) CEO. He could propose to the Bod that publication of the TR be delayed until he takes his position and it will then have his name on it but I rather doubt it.

- It's not as easy as just finding someone on the market to fill the CEO role. I imagine the interview process, notice periods etc. will have taken 3 months+ to recruit Mr Maris. It has been less than 3 months since Dr T's resignation. Is it possible that the board already had this person as a candidate before they forced Dr T to resign?

Did RT choose to go or was he pushed? I think it is fairly certain he was pushed. The Institution's were distraught with the sp decline last year. AS was the first scapegoat. They also wanted RT's head. How much pressure came from within the company I don't know but Kerogen most probably and suspect it was failure to get the ESP's commissioned that was the final straw. If RT had chosen to go entirely of his own volition I would of expected an announcement of intent with RT staying on until a replacement had been recruited. It is of course possible that those doing the pushing were also looking for a replacement, or they may have just got lucky.

Slift
The sp closed at 7.9985p when the 08/06 RNS announced RT's dethronement. Since then it has dropped 41%. Beverley Smith was named as interim CEO but nothing was said about recruiting a permanent replacement. Had they said that they intended to recruit a new CEO then HUR may have looked less like a rudderless ship.

as you say it is just your opinion, but there are shedloads of opinion spouted on this board dressed up as fact.

you forgot to add:
IMO
or maybe you didn't forget.

foresight
You say "He should have been blunt about the chances of developing FB in the Atlantic which were so incredibly challenging."
I don't believe that the location "in the Atlantic" is the cause of the present difficulty. Apart from a couple of months delay in hook up the location has been no impediment to production.

It's all about how the reservoir is performing.

Apparently the II's were not happy with RT. I wonder how they feel now.