Member Info for PlantedBHA

Certain management have or are organising their tupe across to the merger entity ..,

Let’s see if I’m right ... truck thinks so ..,

Pumping any rate of oil in a rising price market ...

In my view , takeover has to come..,

They have acreage with oil ... they don’t need to explore for it

They have a ready made system set up with the production vessel in place

They have an engineered to death plan for increasing production

All they need is investment and whoever gets us is off to the races

They have Lincoln producer that a bigger player can get into production.

They have 140 million cash reasons and rising..

They have huge tax writeoffs for a bigger player to use in the future

The have a small bond to take care or bigger player negotiations that can be had into any future entity

Lots of money about in the markets ... kerogen just got a chunk , so with oil price rising and production still reasonable ... we are in a very small shop window but have a bright light on us...

Sale or no sale... that is the question ..

Maksood ... intentional or not
Next update in the next 10 days ... not April

11,000 bbls a day...

Anything above that ... amen brother ...

Since end of the year ...

Your are quite correct but on the 14/1 prod at 12100 with 25% cut

So I’m assuming Average in first quarter to be lower than that ... fair assumption ??

Production won’t be 12500 currently ...

More like 11500 average for the quarter ...,

Did you miss something ...

Firstly ... Company has concluded that it will not be possible

Secondly ... While no firm decisions have been made

So which one is it... it’s gobsmacking that so called “management” could have written this ...

To also suggest the well is too difficult this year but we’ll attempt it next year ... is also BS...

Current rotary steerable systems can take the well where it wants to go.. it’s down to experience at the wheel ...aka my truck ...

These people need to take a long hard look at themselves and not their bank accounts ...

This proposed side-track is more complex in nature than previous wells on Lancaster due to the incorporation of an intelligent completion and the challenges of delivering the well trajectory from the side-track location. As a result, the Company has concluded that it will not be possible to drill this well during the 2021 summer weather window without unacceptable operational and cost risk.



While no firm decisions have been made, the Company is now considering various options including:



i. drilling the side-track in 2022 following further planning activity during 2021;

ii. drilling the side-track together with the previously contemplated water injection well as a combined programme in 2022; or

iii. drilling the side-track in 2022 and the water injection well in 2023.



All options for potential further development activity are subject to factors which are or may be outside the Company's control which include field performance, prevailing oil prices and support from relevant stakeholders and counterparties.

A boss at Neptune Energy has suggested the firm is prepared to flex its muscles in an increasingly hot UK North Sea mergers and acquisitions (M&A) market.

3 days old info...
Looks like someone wanting hur sp up on pump pump Friday ...

But your right... kerogen could now go for a large piece of hurricane ...

Shorts down and Brent going up...

It’s the perfect storm .....,

CPR upgrade positive and we are off to the races ... especially if kerogen have a sniff of the CPR prior to its announcement ...next 10 days are going to be interesting ..

Heading for $70...

Expect a breakout from this level between now and 18th ..,

$230 million equates to £164 million

Hur will pay the bond with ease at this rate ...

I think your financial D day is unfounded ...

Time will ultimately tell but if the CPR is decent then takeover offer will come in shortly after is my feeling ..

It’s not unusual for other zones to contribute additional production as the life of the field evolves ...

Hurricane management and board have one finger up at kerogen and crystal amber..,

Why would they adopt this strategy unless they thought the bond wasn’t a problem and the new CPR will be mega
positive ...

For news ...

Final results 19th , operational update 24th..

Lifting on the 16th.., so I’d expect CPR, final results and ops update after that ..,

Heading to $70 again... and beyond ..,

Bodes well for the 3rd and 4th quarter production earnings from Lancaster ..

Personally I think Hurricane is a sitting duck for a takeover ..

They have too much acreage, too much crude in Lancaster and Lincoln, too much tax write offs and an operation just waiting for investment to make huge returns in future ..

Oh and there’s loads of deals and money around oil right now to get it done ...

What price though