Member Info for PlantedBHA

Obviously hurricanes management don’t agree or they would have brought forward spending on the 8 well and gone digging with the rig that they just let off contract .

Does this take a week ?

Is it not stable ?

Sorry, I’m laughing out loud now.

I don’t concur

By year end

I concur

$45.5

Each dollar adds another 6 million a year to revenue

It’s coming, calm yourself

Has been parched

Trice Q and A 2020

Asked if they wanted to work on 7z would they shut in both wells.
Answer - no we would keep guidance of 18k and run 6 above rates already run
That was the jist of the conversation

6 well will pump 18000 on its own , it’s a stonker!

Nice position to be in.

Me and my truck are happy with our load

Long term we will keep pumping at the current rate.

Hurricane are a cash generating Machine

News of tying down a rig for next years drilling campaign would seem to be due?

With production at 17000 bbls a day and Brent at $45, we are generating $280 million revenue a year

Profit of around $17 a bbl gives $105 million

With Mcap at around £100 million and shares at 5p

Does this look like fair value

Me and my truck load think not

This doesn’t take account of a Lincoln well all ready for hook up

Brent crude still rising etc etc

3.5 million for the hedge for the rest of the year seems expensive considering oil was always forecast to go up?

Was it taken out in haste ?

In the Q and A session he also gave a confident assessment of why the water produced was perched and not aquifer water.
Last 10 mins of Q and A is worth listening to again

Saying production back to normal level or increased.

Robert Trice explained at some length that there was an option to blank off the part of 7z which was water bearing.
In that same discussion he talked about blanking 7z whilst still producing for the 6 well but at much higher rates than previously tested ie to follow guidance or 18k a day.

Lots of talk about water but the amount coming out of 6 well is minimal and it ain’t been opened up to its full potential yet.

Plenty of posters trying to peddle fear on these boards and I’m assuming they all have an agenda.
None of them any more qualified to talk than the expert who started this whole journey in the first place.

Robert trice - the industry expert gave a very good explanation as to why he thought it was perched.
So your calling Robert Trice wrong or a liar ?

Increased water cut - stabilised on 7z and 12% on 6 well
OWC not confirmed
Possible downgrading but not know how much
Perched water not aquifer according to a leading expert who just happens to have been ousted by big business
Last statement I think we will let you think about if pumping 17k a day

17000 bbls a day at $45 / day = $279 million a year

17000 bbls a day at $17 clear profit = $105 million a year or £80 million at 1.3 conversion rate

If Brent price goes up or production goes up, I’ll let slift do the mathe

That’s a lot of cash for a small oil producer