Member Info for PlantedBHA

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At 2.8 p

This is going north afternoon late

Is ongoing.

Until that’s finished - sideways

Expect big buy chunks after hours again today.

Two things I noticed from the presentation

1) pressure decrease rate is slowing and something which could happen as “more and more zones start contributing to production”.

2) Lincoln - I still think P and A is not done. I think spirit / big old centrica will be fighting the OGA to allow them to tie back 14 well. If so, that’s a game changer for hurricane.

I’m also expecting 7z to be brought back on to increase production from current levels.

Chaffe comment at the end on Lincoln was that the spend had been allocated for P and A next year unless or until something changes? Mmmmmmmm ?

Chunky buy at close

Think you need to listen to chaffe during Q and A

10000 bbls and $35 a bbl

Oil will be higher than $45 by new year anyway, so not an issue

But it seems your posting is designed to scare or keep people out
You wouldn’t be part of the rinsing crew would you?

Break even for company 10000bbls at $35

If oil is at $45 or $50, obviously break even production is less n’est pas?

Slift

They can go sideways too when being manipulated for an out and then back in again.

At 2.8 by the shorters

Once done, the only way is up

Bought close of play

Shorters rinsing currently

Care to share your calcs ?

Sp being held for the shorters to exit
Same as yesterday

Slift

Your comment : I personally do not have an investment case here.

Seems a strange comment to make. Why you wasting time posting here then?

106$ by June

Say 14000 for rest of year ( average $45) at $10 profit x 180 - $25 million

Gives $131 million

Plus any P and A factored in saving

Projection pretty close I’d say

Listen to Q and A question on whether Lincoln is done and gone - plugged

Shiela’s answer takes a while and is not convincing

I think the technical review was disappointing for all shareholders
I think the cash position is positive.
The jury’s out on water injection
Sounds like there might be something going on at Lincoln

Another rns coming from polygon ?

Shorters heading for the exit

Buys coming in heavy now

Ngms

Quote from your own post
It was doing 12k with 9% water cut in July with both wells on.

It wasn’t it was doing 11%

Your quote was incorrect

Yet again ngms your wrong

8th July

Since the Company's last update on 8 June 2020, the 205/21a-6 well on the Lancaster field has produced at an average rate of c. 12,000 bopd. The increase in oil production from the 205/21a-6 well implemented on 5 June 2020 has, as expected, been accompanied by an increase in produced water. Prior to commissioning of the Electric Submersible Pumps ("ESPs"), the volume of water production from the 205/21a-6 well represented a water cut of c.11% compared to 8% immediately prior to 5 June.

So 11% pulling 12k a day, now pulling 15k with higher water

Please get your facts correct