Ricfle
06 Jan 2020
Share Price Nelly: I did say we would see the 20’s once again and long long long before the group thinks heady 40’s but I suspect that now makes me a bulletin board FLoll I think that makes you correct. How low do you see this dropping to? I think they will all be queuing up to sell on CMD, assuming a good result. What other news is there? From the latest Energy Voice article: “This well is currently suspended pending review of Lincoln Crestal as a future potential tie-back to the Aoka Mizu, though that now seems to be on hold, at least in the near term, because of the Warwick Deep and West results.†A vertical appraisal well on Lincoln and Lancaster, maybe a production well on Lancaster and no tie in of Lincoln. Not much to look forward too, no wonder the SP is down the gurglar.
Nelly
06 Jan 2020
Share Price Ricfle: Was it that they harbour clueless long term investors, who huddle together in the comfort of confirmation bias trying to prevent alternative views being heard, while the arse falls out of their investments, calling anyone who fails to join the group think a “troll� aha good old fashioned group think eh Ricfle POO climbing as a result of recent ME unrest HUR dropping as a result of questions now surrounding the good doctors level of clarity and trust I did say we would see the 20’s once again and long long long before the group thinks heady 40’s but I suspect that now makes me a bulletin board FLoll
Ricfle
06 Jan 2020
Warwick & Lincoln 3 wells drilling 2019 No replies! Lots of questions? Lincoln: “The productivity index (PI) of 18-20 was lower than on Lancaster but still commensurate with commercially productive fields in the North Sea.†So no where near the 160 to 200 for Lancaster. Warwick West: “However, while controlled natural flow conditions achieved a stable rate of 1,300 barrels of oil per day, a stable rate could not be reliably measured while using a pump as the well was still in the process of cleaning up.†Christ, amateur hour! What prevented them from fully cleaning up the well? ““Let’s put this in context,†said Mr Trice. “We’ve just drilled three wells on a previously untested basement structure and oil has been successfully brought to surface with each.†Yes lets, Dr T was talking about down hole gauges to see if the GWA wells communicated and a 6 well stock for a FPSO in 2022. This has apparently all gone tits up. Where does the word; “successfully†fit into the previous sentence? “However, Mr Trice is holding to the opinion that Hurricane will need six months to a year’s-worth of constant production from the early production system aboard Aoka Mizu before the company is sufficiently confident that Lancaster is a solid candidate for full-field development.†So when does the 6-12 months start, no response. It has been over 6 months from first oil! Have we to wait another 6 months for “stable†production or is it another 12 months? What is going on and why can we not be told in simple terms that any investor can understand?
Ricfle
06 Jan 2020
ME again If this is your opinion just dump HUR and buy oil.
Flossoffa
06 Jan 2020
ME again `A full-blown war between the US and Iran could see prices more than double to $150 a barrel, says James Salmon for This is Money…But with the US set to surpass Saudi Arabia as the world’s number one oil producer, the power of Opec has waned in recent years with any disruption able to be offset by an increase in US shale.’ The Week UK How could Iran war affect oil prices? Historical precedents have only limited relevance to modern market A wise hedging of bets by the auFlor
Ricfle
06 Jan 2020
ME again Flossoffa: The key question is whether we have enough info yet to convince sceptics that we have a massive amount of extractable oil, that still seems to be a problem on the Flockmarket Clearly not. looking at todays SP HUR are completely unaffected by the ME or the PoO.
Ricfle
06 Jan 2020
Lancaster Oil Production ( EPS ) riverside_red: Before you go, can you answer my query about your reference to refining? I do apologise profusely for using the wrong word, I should have said processed not refined. I trust you feel better after writing two completely meaningless post that only added to the confusion. Can we now forget about HUR selling water to BP?
riverside_red
06 Jan 2020
Lancaster Oil Production ( EPS ) “I’m getting bored of this thread†Before you go, can you answer my query about your reference to refining?
bobsson
06 Jan 2020
Lancaster Oil Production ( EPS ) This data sheet regarding the Aoka Mizu FPSO seems to have been recently updated and answers my question regarding the treatment of water produced with the oil. bluewater.com Data-sheet-Aoka-Mizu-updated.pdf 127.89 KB The oil, water and gas are separated on the FPSO, the water treated for the removal of the effluent and the water is discharged into the sea. IMHO
bobsson
06 Jan 2020
ME again Worth another posting of this hour long interview with an oil bull. Note at one point he refers to the US as a net importer of oil when he means net exporter. The US now more or less (they may need to import specific grades of crude) energy self sufficient. Add to what the analyst states the current political turmoil, and ask where will the additional supply come from if Iran and Iraq oil flows stop and other Gulf oil exports are disrupted.
Flossoffa
06 Jan 2020
Warwick & Lincoln 3 wells drilling 2019 `…Aoka Mizu’s ability to live in the highly volatile Eastern Atlantic environment’. Those ‘exploration headwinds’ must have been an Easterly tyFloon
bobsson
06 Jan 2020
Lancaster Oil Production ( EPS ) Article dated 6/1/2020 from Energy Voice, interview with Dr T, approximate production figures at date of publication of the article are given. Energy Voice – 6 Jan 20 Exploration headwinds force Hurricane to alter course - News for the Oil and Gas... Hurricane Energy’s exploration adventure offshore UK is the most exciting of them all, in my view.
Ricfle
06 Jan 2020
Warwick & Lincoln 3 wells drilling 2019 Thanks to Missdosh on LSE: Energy Voice – 6 Jan 20 Exploration headwinds force Hurricane to alter course - News for the Oil and Gas... Hurricane Energy’s exploration adventure offshore UK is the most exciting of them all, in my view.
Ricfle
06 Jan 2020
Lancaster Oil Production ( EPS ) riverside_red: As long as it’s less than 0.5% all parties are generally happy. I am getting board of this thread. 300,000 barrels (Bobsson’s anomalie) would be approx’ 10% of the 3,100,000 barrels produced or 2,800,000 barrels sold. So yet again and from your post, the water cannot be use to explain this.
Flossoffa
06 Jan 2020
ME again BBC News Trump threatens sanctions if US troops exit Iraq The US president warns Iraq of sanctions "like they've never seen before" if US troops are expelled. Oil will obviously be sanctioned if the troops are expelled and this will add to the sanctions on Iran now that it has recommenced uranium enrichment. Even if it all calms down again after a decent interval to save face, the threat alone is enough to get BP et al to think seriously about securing their supply i.e. owning HUR rather than having to compete in the open market for our oil. The key question is whether we have enough info yet to convince sceptics that we have a massive amount of extractable oil, that still seems to be a problem on the Flockmarket
