bobsson
01 Feb 2020
Lancaster/Halifax drilling 2020 Scandi Hera has arrived at Lancaster and looks to be over the potential drill site now. Its about 1.75 nm north east (about 1 o`clock) from the AM.
bobsson
01 Feb 2020
Share Price A second article to go with the first interview suggesting oil prices are going to go up this year. Not just going up but going up by a considerable amount and likely to stay there for about three years. I can see HUR share price rebounding strongly after the CMD end of March if not before. IMHO DYOR as below C[link] [link]
ash6666
31 Jan 2020
Lancaster/Halifax drilling 2020 I think they would announce something as major as that.
bobsson
31 Jan 2020
Lancaster/Halifax drilling 2020 Skandi Hera leaving Aberdeen now. Destination is Lancaster. Looks as if HUR are going to drill another producer on Lancaster field, we should easily produce 30,000 + bopd from three wells.
bobsson
31 Jan 2020
Lancaster/Halifax drilling 2020 Watch for Skandi Hera (anchor handling capable) leaving Aberdeen this weekend. Looks as if HUR have chartered it. Its destination and work co-ordinates should indicate whether the first rig action will be at Lincoln or Lancaster.
Ricfle
31 Jan 2020
Share Price fynne: I’m ready to buy back in btw, but I’m thinking there’s still a little time maybe? I think you are correct as it is nearly two months until CMD. After the operations update RNS which contained comments about “no reason for the SP dropâ€, which had no lasting effect on the SP, I can now see the SP being pushed down into the teens, where I will be looking to buy in the next 4 weeks.
fynne
31 Jan 2020
Share Price Ricfle: You sold out, but are positive, while uninvested! Why and why? I sold when the results from the drills in Warwick didn’t hit the grade. Also at a time when HUR were being a little coy with their production figures, yes I realise the were in test mode but each off take would have been known. They seemed to lose a little direction and the share price reflects that. IMO of course But !! what they have with the EPS is clearly working and turning over a decent profit. Regular official production figures with the water cut shown will remove some the speculation and negativity and personally I’d like a commitment to see that increased to 30000bopd. I’m ready to buy back in btw, but I’m thinking there’s still a little time maybe?
ash6666
30 Jan 2020
Share Price It would be nice to think it will go that way but who knows? There must be a big risk that Spirit will get out as soon as they can as they have a bigger prize elsewhere. I still think HUR will be able to put out something positive in March and bought a few more when it got down to 23.5p thinking that would be the new bottom. It kept on falling…
Ricfle
30 Jan 2020
Share Price fynne: people sold out I did ? fynne: Investing in oil exploration is a gamble … but until the next well is drilled and I see the actual results, I’m going to remain “positive†!! You sold out, but are positive, while uninvested! Why and why?
fynne
30 Jan 2020
Share Price bobsson: ash, I think a lot of PIs have drawn the same conclusion and as fynne suggested sold out We’re all here to make money ? … if things had gone differently with the spirit drills I think the SP would be a lot higher. … maybe HUR lost track of what they’ve got in search of a bigger prize. No criticism btw … it’s a gamble
bobsson
30 Jan 2020
Share Price ash, I think a lot of PIs have drawn the same conclusion and as fynne suggested sold out. I have certainly not given up on Halifax, LanFax is the prize here. Happy to see GWA go on the back burner do what the OGA demand re the drill, but also complete and tie back Lincoln Crestal, the really hard work has been done. Let Spirit dictate the pace on GWA. Lets have the three well campaign on GLA next year to prove up the bigger field, then produce the 40,000 bpd (35000 net HUR) for the next ten years if necessary and return the profits to shareholders. It will not come to that imo because we will be snapped up as soon as we prove up GLA as one huge field. IMHO NAI
fynne
30 Jan 2020
Share Price Ricfle: And just which wells were flowing? As “an average†? but true we don’t know the individual water rates Ricfle: I trust you will now explain why the market has it wrong and you have it right? fynne: As for the share price … I think the last two drills with spirit we’re not only a disappointment but also added an extended period of uncertainty … people sold out I did ? Investing in oil exploration is a gamble … but until the next well is drilled and I see the actual results, I’m going to remain “positive†!! Quote, We’ll find out in the next quarterly update (which I hope will clear up some of the misunderstandings on production) whether the water cut is higher (or lower?) …, nm
Ricfle
30 Jan 2020
Share Price fynne: Average Water Cut % total fluids 6.2% 10.3% 7.4%. … From the rns ? And just which wells were flowing? Here is a quote from 13 Dec RNS: “In a prior individual well test, the 7Z Well flowed at approximately 9,400 barrels of oil per day with a stable water cut within a range of between 25-30%.†So according to you, as it is all hypothetical, HUR should just turn off the 7Z well and hey presto the “average water cut†drops to zero! No more problem. fynne: If !!! “currently†HUR don’t have that do they?? No one will know until they drill another well and tie it in to the FPSO. What we do know it out of the two producing wells one is wet so it is a 50-50 chance that the next well will be wet. The odds are not small enough to simply dismiss, whether you like it or not. Turning to the future, the water cut has implications for the total recoverable oil, cost of production and ultimately HUR share price. You can simply choose to ignore this, but a glance at the share price tells you that the market has not. My understanding is these boards should be used to discuss what hypothetical can go right or wrong with a company, not just to try and pump up the share price. I trust you will now explain why the market has it wrong and you have it right?
Nelly
30 Jan 2020
Share Price well a ‘hypothetical argument’ it might be at this particular point in production time but it is no less a very valid investment consideration given the companies future stated plans however the ‘good’ news is … if they do manage to achieve 20,000 BPD (NET OIL) the long and strong and just carry on long term shareholders will sleep easier at night knowing that the AM can handle up to 43% water cut in any ‘gross’ production total and still remain within its current stated fluid FLimits SP currently treading water (no pun intended) @ 22p on a (according to the happy clappers and blog legends) ‘whats not to like’ operations update but not to worry I’m sure it will all come good for the ardent followers of the analysts and their triple digit price predictions one day rodders one day
fynne
30 Jan 2020
Share Price Ricfle: I am not sure where your 10% comes from. Oil Rate Barrels of oil per day 15,400 11,800 12,900 Average Water Cut % total fluids 6.2% 10.3% 7.4%. … From the rns ? Ricfle: for example, you tie in another Lancaster well and it is also wet at 30% If !!! “currently†HUR don’t have that do they?? It’s a hypothetical argument
