Member Info for DiveCentre

Thanks missdosh, reliable as ever.

If you are tied then pullover and take a nap

Genghis
You can be sure that RB knows a lot more about the Company than even a well researched PI .
How does he know for sure that they are continuing to produce at 15k.
"and combined production from both wells is now at 15,000 barrels per day."

This is not quite the same as HUR's update:
"Both the 205/21a-6 and 205/21a-7z wells are currently flowing with use of the ESPs and delivering combined production of c.15,000 bopd. The Company plans to continue testing both wells on ESPs for a short period of up to two weeks before finalising its near-term production strategy. Further updates, including a stabilised water production rate, will be announced in due course."

We are beyond the fortnight and if we are still producing at 15k then I would like to hear it from the horses mouth.

PlantedBHA
The CEO's name is Beverly Smith. You might do her the courtesy of using her correct name.

Ollyandpatch
15.03 "Put me down for a 3p buy."
15.50 "Seriously way more chance of 2p than 20."
Why buy at 3p if you expect it to go to 2p.

CaptainSwag
certain parties wanted RT out and there is no way that they would countenance his continued involvement in the Company in any capacity which could influence policy.
This is why he has not stepped down to a lessor role.

ItsallRigged
To give any credibility to your rant you will have to provide some plausible explanation as to why the Bod are deliberately driving down the sp.

adoubleuk
I have previously thought about were the ESP's are located. Surely logic suggests that they will be as close as possible to the lined section, if not within . Any further down the open hole section and they will be pumping fluid back into the reservoir. As we have been told that the wells are producing from the heel I assume that this is were the water is also coming from and had they known it might have been advantageous to have placed them further down the open hole.

data
doh

This is only speculation but it occurred to me that running the ESP's might interfere which date collection which could explain why RT was not in a hurry to get them commissioned.

adoubleuk
restraint please or you will have the madwoman out of his cage.

Slift
How much have you put in for the rig cancellation charge?
I'm not trying to be awkward but I just can't see were. You have other costs which include the 3.4 put but I would have thought that the cancellation charge is likely to be much more than $6.6m even if it is 50/50 with Spirit.

CaptainSwag
Average production this year to the end of H1 was 14.6k Bopd
The 2 week ESP test will complete shortly and if there is anything material to disclose we should have an RNS next week.
I will be happy if they can sustain a 15k average.

Haggis-trap
Tony Durrant put this proposal on the table over a year ago and HUR are not interested. PMO's Solan field is on Licence Block 205/26a-6 which happens to overlap our Lincoln field. Coincidence, or could it be that the rebuff has led to the OGA call for a field (re) determination.

Mr Wilks If an offer is made you will have a say as will all shareholders .
If your shares are held in a nominee account ask the entity for a voting form.

There is no chance of a bid from Premier. They are heavily in debt and once again having to roll over covenants They have an activist investor that has interfered in the BP purchase so I cannot see their debtors agreeing to an offer for HUR which it has to be acknowledged has some risk attached, and I would suggest far to much for their debters to stomach.

Slift
A P/E ratio will always be historic unless is is a "forward" P/E.

If you have to ask that question then maybe O&G is not for you.

pompous prat

"no one else here worked out mathematics was working for polygon"
try using a pencil.