I think you are being a little pessimistic.
The two Lancaster wells “working as one” is not strictly correct. The high connectivity between the wells is clearly good news that could not have been anticipated when they were drilled, rather then an error of positioning.
Lincoln and Warwick are at the exploration and appraisal stage, so drilling wells need to be undertaken at large distances from one another to gain the most information on the field. The wells are to be suspended as future produces, while they may not be in the optimal positions it is clearly cost effective to use them as such.
Development must follow exploration and appraisal not the other way around.
I cannot see this approach as being any kind of “red flag”. As to running out of money the present EPS looks good to finance the next stage of development on Lancaster and 50% of the GWA, as can be seen from Hurricane’s presentations.