George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Experts eh!
I know Halifax, should it be re-drilled in a similar location is too far from the AM for a tie-back.
>> I’m gonna bury my HUR share certs at the bottom of the garden behind the rhubarb.
Bury the dog, eventually; given enough time, pressure and a suitable trap he'll become oil.
>> Perhaps I shall Genghis. By all means, please go back to whatever you were doing before I came here
>> wrongly thinking that a discussion board about HUR was the place to have some back and forth about the company.
Yeah, but it gets to the point where it's technical enough to email the company. After all, your deducing things based on a few graphs and a subset of copy. You're using that to question the company with access to live data and multi million pound modelling software.
>> I suppose your response to everyone here is ‘just email the company ffs?
Why not? I did and got a response. Takes a few days but they're pretty forthcoming.
I thought the data room was deliberately closed once Kerogen stumped up the cash?
...and to add to Biffadog's post, also from the interims.
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We have gone to great lengths to explain why we do not expect to see coned aquifer water during the lifetime of the EPS, under our base case. This is our continuing expectation. The perched, or stranded, water we have experienced is consistent with our reservoir model and since our capital markets day presentation this interpretation has been reinforced by the Company's technical work. Notwithstanding the increase in aggregate perched water production to a sustained rate of approximately 7.5%, water cut remains within expected ranges and is not impacting oil production levels or the cost of production.
Now that both flowlines are in operation again, we can see that production from the -6 well continues to be of dry oil. Given the proximity of the wells and strong interference between them, this is supportive of a stranded pocket of water being intersected by the -7Z well. Hurricane's analysis suggests that current production is only coming from a relatively short section of the borehole in the vicinity of the heel in each well. Over time, fractures further along each well bore are expected to contribute to production, reducing the impact of any individual water-bearing fracture.
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I hope nothings changed since last Friday. ;)
>> Warwick West is another ‘risk’ although personally I see it less so than Lincoln Crestal.
To me Lincoln was very much an appraisal as we'd been there already but to my memory we've not drilled Warwick other than WD. Curious as to why would you see it as less risk than LC?
Looks like Halifax drill in the hoped for GLA 2020 campaign will be in a new location if it goes ahead, the previous location is too far away from AM for a tie-back. I don't yet know if there is a suitable Halifax location within tie-back distance.
jfp
Not only that but AM contains eleven storage tanks.
...so what will HUR do then with no "structures" or takeover?
Continue to run the business I suppose. We don't always get what we want and the BOD don't always get what they want. We'll be cash generative so in the absence of a buyer perhaps we turn into a producer on this asset once proven then move onto the next exploration. Even if you wish to sell you have to run it like you'd own it forever so I think the plans are so far correct.
I'm not sure better PR will materially help long term, only pure numbers on a spreadsheet may do that. I think PR is transient.
Yep, no longer moored. Status is now underway using engine.
>> Said it before , too many shares here
I still don't get that. When I buy I invest an amount of money, not a number of shares. Surely market cap is God here, not the number of shares in issue.
A reverse stock split would not make us a more valuable company.
@Albi1
I 'none' what you meant. ;)
Lancaster at flow test was 9,800
Lincoln at flow test is 9,800. We can assume from the common number that Lincoln was constrained by equipment, Lancaster definitely was.
Natural flow on Lancaster: 5,300
Natural flow on Lincoln: 4,682 Close enough in my opinion :) though I think Lincoln penetrated a slightly shorter length.
Lancaster oil: 38° API Lanc
Lincoln oil: 43° API
I think this proves up the Brynhild fault as a seal which was a given anyway.
Mmmm, pi.
You're an enigma F22, you're a long term holder but seem to regularly bring negatives that have been answered and put to bed. I'm hugely confused.
@F22
Are you short?
Read the cpr, perched water expected at median 8%