Concerning water cut at RoystonWater cut at Royston seems concerning. They cite the Penal/Barrackpore water cuts of up to 95%, but that was discovered in 1938, and I doubt the wells started off with this much water. They can cite average water cuts there being high now, but given the 1938 discovery date I'm not convinced it's fair say Roystyon is "OK" when a fresh well produces 40 to 60% water.
Besides, why are they drilling Royston when they don't yet have the wall of cash from the new gas production? I hate when these junior companies get spend-crazy and focus too much on potential.