RE: Can anyone think of any positive news over the last 6 months from HUR?24 Jun 2020 14:49
LT Captain
If you read the RNS issued last December, 13th to be precise HUR advised on the then testing of the 6 well.
"The 6 Well is currently flowing individually at approximately 14,700 barrels of oil per day with minimal water cut. In a prior individual well test, the 7Z Well flowed at approximately 9,400 barrels of oil per day with a stable water cut within a range of between 25-30%. These rates were achieved on natural flow. In both cases, the bottom hole pressure showed minimal decline following an initial stabilisation period, giving management confidence in the long-term productivity of these wells and the Lancaster field. The productivity performance of each well on an individual basis is in excess of the Company's pre-start-up expectations. _______
Production will continue from the 6 Well on a standalone basis until late January"
The 6 well flowed at 14.7k bopd for 7 weeks, and remember that last years average production was 15.5k bopd.