Lancaster Oil Production ( EPS ) Let’s hope it shows 20,000 bpd
Lancaster Oil Production ( EPS ) Hi Ash, Good spot. Let’s hope we get a good bounce in the share price today. Bought back in yesterday. Carliol
Lancaster Oil Production ( EPS ) Petroatlantic off to Lancaster
Lancaster Oil Production ( EPS ) Trump sanctions on Rosneft’s trading arm.
Warwick & Lincoln 3 wells drilling 2020 It is possible that things could quickly turn for the better here. The rig is now on hire and ready to move from Norway when requested. HUR have asked the OGA to delay the time for abandonment of the LC well because the JV hope to drill two or more wells on Lincoln this year. So perhaps the request to the OGA should read extend time to abandon or complete LC well and want to conduct pressure testing analysis. Things could go like this, OGA grant extension, PBLJ drills the Lincoln sub vertical well end March and May and into June, completes the LC well July, then drill another Lincoln development well in August and September. It then moves to GLA end of Sept. Perhaps at some point during the next 6 months Spirit is sold and the buyer is very enthusiastic about GWA and the JV. Remember the Warwick licence expires on 31/8/2020. Just a theory.
Lancaster Oil Production ( EPS ) Why the sudden rise in the PoO?
Lancaster Oil Production ( EPS ) Appears Petroatlantic is the tanker for the next offload. She is currently in Scapa Flow Orkney`s waiting for a weather window. Storm Dennis now moving on, so offload could be Tuesday or Wednesday. This could be a 400,000 + offload. WTI currently about $57 per barrel. Share price just under 16p 17/2/2020
Lancaster/Halifax drilling 2020 I can feel my halo growing
Lancaster/Halifax drilling 2020 ash6666: I would happily have sold @ 30p (presumably to optimists) and then bought them all back @ 15p (from pessimists) But you would have been trading on the backs of greedy and frightened (i.e. emotionally driven) punters. You can feel proud that your conscience would not let you exploit these vulnerable people. Traders can only profit from somebody else’s losses and when the time comes, St Peter would have noted that all your lovely winnings would have inevitably been extracted from unhappy Flosers
Lancaster/Halifax drilling 2020 Yes, Flossy, you are, of course, correct. But I would happily have sold @ 30p and then bought them all back @ash6666 15p.
Lancaster/Halifax drilling 2020 ash6666: At least they have a plan That’s a bit grudging! They have always had plans and more importantly, they are being successfully carried out. The SP does not reflect the success of the company in actually producing oil from what the rest of the industry would said was barren basement. It is hard to tell if the people who sold have called it right or those of us who believe that the SP does not reflect the true worth of this company. As far as I am aware, HUR as a producer is worth many times more than HUR when it had merely an ambitious plan to tap the basement rocks, but the SP is showing the reverse picture: compared to those heady days of `pie in the sky’ dreams when the SP soared, now we are producing, the SP has soured. It is quite iFlogical
Lancaster/Halifax drilling 2020 At least they have a plan
Lancaster/Halifax drilling 2020 Good spot from steelwatch on other bb. Looks as if HUR have negotiated a one month contract extension for the PBLJ in October to drill Lancaster 8 well. Decent day rate too. So things are happening behind the scenes. deepwater.com February%202020%20Fleet%20Status%20Report.pdf 3.19 MB
Warwick & Lincoln 3 wells drilling 2020 … Just for reference, dipped my toes back in 10.41am price 0.161p. See which way things go before I add any more?