Member Info for somm

Yep, and why would CA increase their holding if they knew/ thought Lincoln wasn't going to get its extension when the decision is imminent?

'''' If the GWA Partners are unable to obtain approval to extend the suspension consent, the Lincoln Crestal Well will be plugged and abandoned by the Paul B Loyd Jr rig in March 2020, prior to the planned start of the Lincoln Commitment Well.''

If this isn't extended no doubt we will see a further fall in the share price, all eyes are on this decision, if approved we should see a significant rise ending the uncertainty of the Lincoln wells future and the slump. imo.

Surly the OGA are not stupid enough to not let HUR test this well in a realistic time frame, why would they say no? I hope we get the extension we need, nail biter month.

Me too!

..basically wiped off 40p per share for our two none commercial Warrick wells and two relinquished licenses and left us with 14p per share for two producing wells of 20K+ bopd and the Lincoln well that can produce 10K bopd and 2bbls OIP.

Funny that isn't it?

Surely the Oil and Gas Authority are not going to say no to an extension? The interference data is what's needed to better understand the connection between GWA?

''The 205/26b-14 well (the "Lincoln Crestal Well") on the Greater Warwick Area ("GWA") was drilled in Q3 2019, and tested at a maximum stable flow rate of 9,800 stb/d. Regulatory consent for suspension of the well, with gauges downhole, was granted for the purposes of completing pressure build-up tests and gathering interference data. The suspension consent required that the well be plugged and abandoned by 22 June 2020.

The GWA Partners (comprising Hurricane GWA and Spirit Energy) intend to seek regulatory consent from the Oil and Gas Authority to delay the abandonment of the Lincoln Crestal Well in order to obtain interference data during well testing in 2020. One or more sub-vertical wells are planned to be drilled and tested in 2020, to determine the maximum vertical extent of the Lincoln field in order to meet the commitment well requirement of the P1368 licence extension ("Lincoln Commitment Well"). ''.

I would think March for fitting water detectors and April frac/ flow test... test results in April/ May at a guess. Imo.

... was really hoping Anita would come in wih the reported 1m ppm saturation as 30% over pressure, my portfolio is being battered atm.

CLix-1001 is about to test a 19m gross interval, hopefully better luck here in this shallow target.

Bummer!

What Happened to Trice's 10K bopd coming online imminently from the second well two weeks ago?

In the last RNS has the water cut increase from 8% to 10%?

I meant 10 million

Could someone remind me, wasn't bpc supposed to be getting £20 million funding today for the other half of the drill or has that dealine been extended?

We should get a production/sales update in April which should help the share price further with double the production confirmed.

Lost a ton here, but thinking the beginning of this year as bottom up and will hopefully see us back+ where we were last year.

..down here a lot, but topped up bring my av down at just under 21p on the back of the second well about to start producing again, so expecting this to rise next week.

I been here for years and remember the share price going from 8p to 50p and 50p down to 10p so seen these drops before on funding ($500m) etc.. I hoping we'll see similar action back up to 50p+ and beyond.

End of year should see us in farm in/ TO territory imo re Lancaster.

WTF!!

50% down on my last traunch which I thought was a steal!

More on other earlier buys, anyone got a spare shoulder?

So In a nut shell they have found a 19m Gross zone that's shallower than originally thought, which could increase the size of the reservoir - tick.

They will start to test this 19m column in the second half of February to see how much is net pay - tick.

This will tell them what net zones of the 19m is productive - flows - tick.

And so we wait.

So what's happening with CLM x-1 flow testing that was supposed to be completed on Anita the deeper zone a week ago? The upper zone should be being tested too by now. You'd have thought they would have mention something about the testing of this zone - a bit apprehensive with the lack news here.

What did our boss say, permit year end? a month later and another wrinkle.

If the first well finds 1tcf of gas the share price would be worth approx. 22p per share.

That would be nice and if the 2nd well found 1tcf to boot then we're talking, plus another 2 bites of the cherry to look forward to.

Having averaged down I only need 1 well to come in to double my money based on a 1tcf of commercial gas...…...burp!

Am I correct in thinking 20K ppm of background gas is approx. 2 million cubic feet of gas per day?

1 Million cf to be commercial?

This will be a fat finger key board slip, it's happened before, remember the ftse billions error.

Crazy...

Got to be leak, possibly political or no 10 million funding ?

Someone knows something, big pending sell in the wings no doubt.

No mention of how many zones or thickness - one zone?

20K ppm background is better than the first well, so hopefully it flows commercially.

Compared to 6 zones and background 16K ppm.

Thought we would have had news on the first well, deep zone testing, today after two weeks of testing, no news is good news?

Very interested in how the 1m ppm saturation zone panned out.

Tomorrow then.......