||EPS - Basic
||Market Cap (m)
|Oil & Gas Producers
Hurricane Energy Share Discussion Threads
Showing 15151 to 15171 of 15175 messages
|Hurricane intends to use the Aoka Mizu for the Early Production System ("EPS") phase of development and will have the right to extend the contract for up to ten years. Under the Heads of Terms, BES has granted Hurricane an exclusive right to enter into fully-termed agreements until November 2017. It is the parties' intention to enter into fully-termed agreements prior to Hurricane's sanction date in mid-2017.
Hurricane is pleased to announce that it has signed Heads of Terms with Bluewater Energy Services ("BES") for the use of the Aoka Mizu Floating Production Storage and Offloading Vessel ("FPSO") on the Company's Lancaster field, West of Shetland.
Hurricane intends to use the Aoka Mizu for the Early Production System ("EPS") phase of development and will have the right to extend the contract for up to ten years. Under the Heads of Terms, BES has granted Hurricane an exclusive right to enter into fully-termed agreements until November 2017. It is the parties' intention to enter into fully‐termed agreements prior to Hurricane's expected sanction date in mid‐2017.
The Heads of Terms sets the scope of work required to ensure the Aoka Mizu meets Hurricane's requirements for deployment at Lancaster. In addition, the Heads of Terms sets out the commercial terms between BES and Hurricane, both for the cost and terms of the upgrade and life extension work and the subsequent charter rates during the expected life of the contract.
Following the signing of the Heads of Terms, Hurricane and BES have commenced a second phase FEED study which is expected to complete in early 2Q 2017.|
|Or Early Production System i.e smaller FPSO less producing wells , Subsea equipment.
A less lengthy and less expensive way to start production, monetise asset|
|Earnings per share|
|Could anyone tell me what does EPS stand for?|
|As a follow on from Prefabs post today 14201:
In the Times today there's an article 'Let rigs die at sea to boost the environment'.
Which starts: Ministers have been told to consider allowing oil companies to leave old platforms in the North sea to save the taxpayers billions of pounds and prevent environmental damage.
Basically Ed Davey former energy minister and Johnathon Porritt environmentalist calling for a review of the rules (Ospar).
|https://www.share.com/ISA EligibleCompany OverviewHurricane Energy is in the oil & gas producers sector and is currently trading at 47.50p per share. In the last year Hurricane Energy's share price has ranged from 9.48p to 52.75p and brokers are currently rating this stock a strong buy.What Other Brokers SayStrong Buy 6Buy 0Neutral 0Sell 0Strong Sell 0Total 6|
|Plus, of course, a wee slice of the "$400 mill" was raised in the last placing!!!|
|Bit touchy Gary!! Here's what the company have said about funding the EPS. Maybe the FT should offer me a job!! ;-#))
"A preliminary estimate is that the capital expenditure required to achieve first oil from the EPS, excluding the two horizontal wells which have already been drilled and tested, is expected to be up to USD400 million. This estimate comprises vessel hull and topside conversion, vessel repair and life extension, turret, buoy and mooring, Subsea Equipment, well completions and vessel deployment and associated service and engineering costs (including the Subsea Equipment, buoy, mooring and control system long lead items funded by the Fundraising).
Hurricane is considering a range of financing options for the EPS phase of the Lancaster development and currently intends to finance the EPS via a combination of some or all of the following options: equity, production pre-payment facility, deferred vendor finance, deferred yard and fabricator finance, hybrid ownership of the FPSO, export credit agency guarantees and farmout"|
|No problem Guardian that's just my interpretation of the article, Shells problem will be offloading aging assets @ a decent $pb. I know which assets I'd be running the rule over, given the choice.|
|TGGIf you have information that its not true please post that informatiom here as l am sure that other investors including me will be happy to know why its not true.|
|TGGCheck my post 14051 to 14201.It was a FT article which l posted so if you dont believe the article you can take it up with FT.When l find articles to do with Hurricane Energy l post so other investors can read them as l find other posters articles interesting to read.|
|OK prefab, point taken. >£2 per share please|
23 Jan '17 - 16:04 - 14200 of 14201 0 0
Hurricane is aiming to raise $400m by the summer to begin developing Lancaster,
...No, it's not.|
|Guardian, the article you've linked to if anything is a positive for HUR. This is a new untapped asset that could produce for decades to come, not one nearing the end of it's production lifespan.
Last 2 paras of the article
'The future cost of decommissioning aging assets has also emerged as a key deterrent to M&A in the UK’s declining North Sea basin, prompting a shift away from late-life oil assets towards younger fields which could help extend the life of the basin the long-term.
“If there is new capital moving into new projects it can only be a good thing for the North Sea,” Mr Tysoe said.'|
Must have some detrimental effect on HUR getting a deal.|
|On my reckoning Kerogen have paid less than 19p/share for their 30% holding so their interests and potential motivations are not exactly aligned with most other holders'. It doesn't follow they will sell out cheaply of course but what they decide will have a huge bearing on what happens next. They will also have, I would think, a significant say on the capital structure for the business i.e. the split between debt, equity and a percentage farmout.
I would be surprised if Hurricane borrow more than 25% of the required $400m but that would still leave $300m to be raised through a partner or equity issue. How much dilution we have to accept is very much dependent on the result of the Halifax drill. Robert Trice has been making noises about a connected field long before the Lancaster 7 wells and seems convinced on that possibility. I'm happy to share in his optimism.|
|I hope an early takeover is avoided but our fate lies with CA and K.|
|I suspect most of us are just being optimistic. However on another board a geologist of sorts is pretty convinced this drill result will confirm good news.
The doc has studied the seismics so he must also be optimistic about the outcome. In the meantime HUR is sitting on so much oil I agree with ngms that we will not be allowed to develop. IMO a takeover awaits within the coming months.|
|I thought the poll was quite useful in the respect mentioned jacks ;).Anyway, I am invested like it's the case, and relieved that even if it's not, things are pretty promising for future gains.Back to 'work'.|
|14,188What exactly is the poll telling us - that most of us are susceptible to believing what we want to believe?|
Not sure you're right re the 'glass half empty' description. I know ngms27 from other BBs and he is very knowledgeable.....but can swing between being positive about a co and being negative. Of course, depending on your own point of view, one or other of those moods is likely to strike you as 'contrarian'.
Let's hope he's right re HUR when he's in his "positive" phase !
ATB (incl to ngms27 himself)|