Member Info for Fred_Bloggs

Because if the water breaks through fully and displaces oil at the producing zone, it's never going to come back. Result, produced water, no oil.

I want to know produced water cut. Why aren't they telling us? The previous mob, incompetent as they were, did at least tell us that much.

Exactly. The deafening silence is a big negative here. If there was good news of any real significance we would already know about it.

We shall see.

Please curtail the abuse. Thank you.

Very happy to be wrong on this one. We're going to know soon for absolute certain. The silence cannot drag on much longer.

Engineering wise, the re-injection is not difficult. I am an engineer and understand exactly what's involved. Those I have spoken to who know more than me certainly doubt it's applicability to Lancaster. Again, happy if I am wrong.

I am in around 30p here, I need all the good news I can get.

Yes, I believed Trice, I was stupid to do so. C'est la vie, eh?

With only a single well producing and deafening silence from the company we do not know how produced water cut is developing. I have previously had in mind the single production well would go uneconomic sometime likely 2nd or 3rd quarter 2021 due to greatly increased produced water. Until the company tells the world otherwise, then it's still a possible or even probable outcome. If it comes to pass, it's game over whether you are a bond or a shareholder. I seriously doubt water re-injection in this fractured reservoir is viable. It's very binary now and the longer the silence carries on, the more doubt there is about early decommissioning on Lancaster. Don't forget, a few weeks ago, the money was set aside and ring fenced for this eventuality. Why? You may ask yourself?

Once you get set up in your II account you can use the secure message function in the account to request assistance. But obviously you need to be set up first. Good luck, II are vastly improved on where they used to be a few years ago.

Pick up the phone and ask II. They are very good and will certainly help you get access to your ex TD account.

Past history amply demonstrate this stocks to be highly leveraged by leaking information both on the upside and especially on the downside. It will no doubt continue to happen here. The little guys on the outside stand no chance.

Indeed, we never found out why the previous CFO suddenly left. It was a mistake that I didn't follow him out the door with my own holding.

"Could Dr T have been so incompetent?"

Yes, he could. And likely has been.

You are lucky, I am in here at 30p.

+ve news on Lincoln tie back in an RNS soon? HUR has always been very leaky with news both upside and downside.

I am hoping there's a good RNS coming. It always leads out from HUR. Mates always know before we do. Today, starting to look a bit more hopeful if I am right.

Thanks a brilliant read. If only I'd have known.

The deafening silence from the new bosses is not doing them any favours. I really do wish they would give us dome idea of what is going on and how the AM is performing with respect to water cut etc..... I conclude there's nothing good to say at the moment. Which in itself is a concern to me. I do still hope for the best here. 30p and talk of ten baggers was pie in the sky, sadly.

"Agreed. Post COVID-19, there will be a surge in demand for travel and the major lack of investment in O&G industry will in my opinion, result in a huge supply deficit thereby, resulting in much much higher crude prices ahead."

The only question really is when, not if.

Given the very, very low investment in finding and development of new resources, it is a matter of when not if, there is a supply side deficit in the market place. I am 100 per cent confident of it. Globally there has not been even one oil production mega project started in the last four years. Not even one.

We must be due an update on watercut and production outlook given the uncertainty the last few months? I am extremely disappointed at the silence from the new management. They have everything to gain by being open and sharing what we all hope is good news about watercut stabilising and production rates steadying. The silence worries me hugely.

"What’s production at now....?"

For water or oil?