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I've just gone through the ERCE CPR and cannot find a table for the forecasted rates from which one can derive how much oil is forecasted to be produced to July 2022. It is also noteworthy that in Figure 3.11 the forecasts start at significantly lower rates that actuals. I did my own forecast and concluded that from 1 Jan 2021 to 1 July 2022 Lancaster shall produce 5 million barrels. At current oil price and OPEX, this should more than enough cover the bond.

I think we insist that profiles are updated prior to anything ... presumably everything is based on the CPR forecasts which in my mind are pessimistic. I think it is best for ERCE to do the reforecast revisions.

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https://dnpfilms.com/fruitflow_comparison/

there’s geological time, and there’s Cochran time !!!!!!

Obviously he didn’t expect his hand to be forced and he hasn’t closed the deal that justified (in his mind) selling ..

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with a small b&i for good measure

Vanto nailed the script, just need someone like Nigella, Ibris, Tom H, Joanna L, Jennifer Ag, or someone of similar presence to read it for UK market.....

Order deltas still around 3200 a month, need to do something new to take to next level here

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https://www.youtube.com/watch?v=ozKklwHha-I

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Go away for a day and it all kicks off - looks like your letter and a interest from a journo has forced AC's hand.....trouble is, we are absolutely none the bloomin wiser. All the abandonment came with third energy.......
ghost - what's the investor group email
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ditto that easy
I've just emailed the story to an O&G journo friend of mine
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sphinx

nice find.

5. What’s next for Hologram Sciences?
Brady: We’re just starting out as a company, but we have big plans. We’re always looking for the next innovation opportunity to help consumers in every element of their wellness experience, and we’re identifying and evaluating a range of key health benefit areas to target after the launch of our immunity concept. Women’s health, pre-diabetes and sports performance, for example, are some topics that we’ve been looking into for the near future.

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Looks like we have a seller. daily million sales over the last week. Looks like MM's are hoovering them up

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Folks
don't forget the OGA will have to approve cessation of production. Turning off a cash generative 11K now goes against all things MER and would put them in an(other) uncomfortable position
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alf
you caught a whisper of something ?
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adoubleuk
sorry to correct you, a sidetrack of P7Z would be given a new name by the OGA. Hurricane can call it whatever they want to.
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British
Mr Trice's EPS has done its job in appraising the field. Forward plans should incorporate all learnings - from the current CPR it is clear how to treble or even quadruple recovery with existing unmodified FPSO with just 1 new well and a workover of P7 some time later.
Changing leadership is one thing, but to deliver the above requires a very experienced subsurface team with experience in field development as well as experienced in managing the board and expectations. Given where HUR is now, it is clear the SS team has failed in at least one of these areas .......resulting in where HUR are now
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ghost
in all likelihood does this not infer we have been sold lock stock and barrel to Rockrose ?
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Watch out watch out, PXS investor cabin fever about

Must admit I'm getting impatient as well

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Didn’t appreciate Rockrose bought Dyas nV in 2018 - not a bad price either
https://www.reuters.com/article/uk-rockrose-deals-dyas-bv-idUKKCN1IP0WG

or, hopefully/naively, they can't get enough stock to do so
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thx gixer, I thought it looked vaguely familiar.
CircuACE must be selling well for us to launch essentially the same product
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thx gixer
It did look familiar. CircuAcE sales may be the reason we are launching in China also....
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