malcy8 Jun 2020 16:10
it is possible that something as simple as a side-track will get the production back up to the 20,000 b/d and HUR will be seen as a decent developer and producer.
As they are saying, all scenarios are being looked at and they will take the most prudent as possible decisions with regard to all reservoir scenarios, whatever happens they want to avoid taking an action that risks production if a shallower oil/water contact was to prove correct despite not having been the base case scenario for the company based on reviews of data to date.
With a completely new market-facing team in Hurricane there is little doubt that a new look is going to be taken across the whole process. I get the impression from the company that as the company transitions from explorer to developer and producer it is a ‘logical time’ to change the guard. At this stage I am still convinced that there is still plenty to go for in Hurricane even though up until now things have proved to be somewhat more difficult that initially expected. Dr Trice should, despite inevitable frustration in the end be proved right with regard to the fractured basement potential in the Hurricane portfolio.