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Penguin, thanks for your informative reply, but the hope still remains that the primary reason for the water injection works then their would be a twofold increase in the cash generation, ie:-a huge saving on water disposal costs and increasing the reservior pressure to increase production, its about time something went right.
Penguin, with regards to your 21:32post you say that no one knows if water injection will work , you also say that production is being dropped to maintain (manage) the water cut, so if/ when water injection is allowed, surely when the "taps are opened" there will be an increase in oil production and whatever the increase in water production is it will be used for the injection process. Therefore why should it then stop an increase in oil production.
In the past you have commented of UKOG possibly not telling us of the possibility of much earlier water incursion, could this be a possible reason for the rapid earlier decline you mention .
You have also stated in the past your thoughts that maybe they might only want the water injection as a way of disposing of the produced water, but realistically it is a possibility that it will serve both purposes, but as you say it might not work.
Only one way to find out, and if it does work it could be the catalyst for the turnaround of the company's prospects.
Very brave of you spouting insults from behind your filter "shield" , a fool speaks when he has to say something, a wise man speaks when he has something to say......Skwizzy Abbot 150 posts in 30 days...over 5000 in total, all narcissistic and garbage, enough said. Na zdorovie
Ibug, unfortunately your observational and mindreading skills are non existent in your assessment of myself....I have never said that I am negative on any facts and i have never made comments on any overstated production figures etc etc. I just assess the comments on here and take a balanced view based on the contents.....You still can't give a fair honest answer to the frequently asked question......Why are you here and why are you so negative because the reasons you have given so far don't add up.
Also i don't need reminding on who posts what on here from both sides of the great devide, or even the devoid.
Speaking of what "seems to be" you don't seem to be a shareholder because many of your comments are very negative
Ibug, noeone is worried about you, all you are doing is trying to discredit a share you don't like ( for your own selfish reasons ) just like the other chief naysayers posting this morning, the frequency and content of your posting history says all is needed to know about you and the naysayer crew.
Noeone cares about you and your biased comments.....only you.
NAYSAYERS ALWAYS ACTIVE.........every day
SONG FOR SWIZZY ABBOTT
" I was gonna sell my BP, but i got high, "
" was gonna say somthin true, but i got high "
" i can't talk to you, "
" cos I've filtered all of you, "
"an i got high, an I got high, an i got high high"
Ibug, " vermin fawlty vermin ", I wonder how all these species have survived so long without the love and affection from all you enviromentalists, your last post made no sense at all, pass it round you've had too much
Ibug, showing your true colours now , why don't you start a rare frog and toad colony on the oil sites and get some bats rehoused too, you'll be telling us you've seen a dodo at horse hill next, stood next to a unicorn.....mind you in your fantasy world you probably have.
Ibug, i have just read your 16:47post where you suggest Adrian and i are a tag team, I do realise this was your childish reaction to my post commenting about your constant references to very old RNS'S after you had accused others of the same, (rather hypocritical), unlike your many conversations with other naysayers, i have never conversed with Adrian or any of his other aliases so your assumption is too ridiculous for further comment.....try again bluebell....you haven't a clue...sorry for the delay in reply as I was travelling to our country cottage by the sea, (not 3000 miles away) which has an open fire where i am presently burning 1 year old logs i have cut myself with a hand saw....toasty....good luck with your "real" tag team.
NAYSAYERS ALWAYS ACTIVE.