Hurricane Energy Share Discussion Threads

[zztop] 12/2/2017 17:55

As you say senior management haven't put a foot wrong up to now, so whatever they do, I'm happy...to go with the flow as they say!

[hiddendepths] 12/2/2017 17:42

jacks - I think they know that Halifax is coming in to plan. Now they can start sounding out the institutions and telling the story. It is MUCH better to visit the institutions and explain it all some time before any funding is envisaged. As a broker, I was often involved in taking oil companies around my clients. Once they know the story, it is easier to update them as things progress and by the time funding is required the institutions should have a degree of comfort with it all. In the case of HUR prior to Halifax, the picture is a bit speculative. If Halifax is a goer, it is not and it should be easy enough to raise as much finance as they need to fund the EPS, with some combination of project and equity financing, farm-out(s) - and, quite possibly, something more enterprising as well. Given the exceptionally high quality of senior management (not mentioned much on here), I'm sure they'll find an optimal path through the funding maze.

[jacks13] 12/2/2017 13:20

hiddendepths, we’re led to believe that Hurricane have been invited by at least some institutional investors to return for more when needed and if the company is indeed on the fund raising trail isn’t it more likely that such institutions will have been advised to expect a phone call? I don’t know how these things precisely work but would a fund manager not wait to buy at a discounted placing rather than in the market? This all assumes that my speculation that a placing is in fact imminent is justified. I suspect that it is.
Something has changed since mid-January. Then the three options, farmout, debt and new equity were being discussed almost hypothetically. In last week's podcast I got the impression that AS's visit to the US was a mission, not merely a marketing trawl. He said we, not I, suggesting that he was not traveling alone and more significantly he invoked a sense of urgency in the introduction where he said, "we're working quite long hours to get all this done".

[jacks13] 12/2/2017 13:07

nicebut, couldn't agree more with your thoughts on debt. Any borrowing will involve putting up assets as security and will likely involve a covenant such that immediate repayment becomes due in the event of it being breached. A simple fall in PoO might directly trigger or cause to trigger a default, depending of course on the terms of the covenant. It is possible here that the assets at risk could be ring fenced to just the EPS infrastructure but the consequences that flow from that might be beyond the PIs' competence to judge.

[hiddendepths] 12/2/2017 13:03

jacks - don't forget that there will also be institutional buying. This company has been beneath many radars but is starting to get known. In addition, the market cap is now high enough that many funds can buy when they couldn't before. When it exceeds £1bn, (inside a month or two, I suggest, if Halifax delivers)there'll be another step up in large funds that can buy.

[jacks13] 12/2/2017 12:51

I just wonder Leeson, whether Crystal Amber, who are constrained anyway in the number of shares they can hold in their fund, will continue selling in the confident expectation that they can replace their sold shares with cheaper replacements in the near, rather than distant term. Look out for institutional selling in the coming weeks is I suppose what I am saying. Keep us updated on the technicals ;-)

[nicebut] 12/2/2017 12:48

Its why a farm-in partner is so so important at this time IMO. Bonds are/can be dangerous, very dangerous. Look at all the E+P oilers that have struggled, gone bust, done D4E after agreeing expensive deals with ii. Agree however, that timing is crucial.

Leeson3112 Feb '17 - 11:45 - 14880 of 14883 0 0
clinques: thats why they farmin a partner for technical expertise and capex help re the execution...

[greyingsurfer] 12/2/2017 12:47

thats why they farmin a partner for technical expertise and capex help re the execution..Agree, Leeson - a farm out is not just about funding.Peter

[leeson31] 12/2/2017 12:33

indeed laser..

jacks, imo, post halifax there'll be a deal or placing..... but a placing would only coincide with a deal made.... so, deal first, then placing/CPR.... the market doesnt mind placings, as long as its a good reason, as weve since twice historically, so im confidnet hur will do a good deal- theyre in a strong position.... roll ona quid on its own steam, but a sale asset to bp imo wouild see 200p...

[jacks13] 12/2/2017 12:12

In mid January Alistair Stobie said:

“I would expect that we will have to come back to the market during the second half of the year for some small amount of equity, even given a farmout and a debt solution. But one would hope that we can keep that share price high and the dilution down off the back of a great Halifax result and off the back of a CPR that we will publish towards the end of 1q or early 2q.”



7m 25s in

He was in the US last week, meeting fund managers it is said. We are not yet into the second half of the year so is he simply making early preparations for a second half fund raising or is a third placing about to be announced imminently?

[laserdisc] 12/2/2017 12:02

Must be a lot of options for them to create shareholder value, if Halifax is connected plenty of slices of pie available they could split co into production and exploration
they may get better value by floating off parts in an ipo

[leeson31] 12/2/2017 11:45

clinques: thats why they farmin a partner for technical expertise and capex help re the execution... i think hur will have already had an offer of sorts but hur would want to get the results on halifax first to put them in a stronger position, but i defo would expect a deal with a major of sorts after halifax, then of course theredd the cpr to be completed end of march, where we'd expect a huge figure for p2's for lancaster, and we already know good data for lincoln, and halifax should be the cherry on ther cake......

[cinques] 12/2/2017 11:26

Only what oilretire posted, ie, link to the Telegraph article.

Strangely, that article was posted three separate times on L S E but went uncommented upon each time.

The article made me think that more money may be available for HUR from II than we suppose - there's more appetite for risk.

I don't like debt for exploration companies but some debt for the EPS is okay - I personally wouldn't go too far with the debt as there is execution risk with the EPS and any delays could hurt, like it did for IAE, especially if it coincided with a downturn in PoO.

Having said that, if HUR is to be gobbled up fairly soon as some here think, then EPS is irrelevant and so let's take on lots of debt to keep my tiny % of equity intact!

(Personally, I won't gear up on this so no spread betting for me. Been there, done that and got it wrong more often than I've got it right.)

[haideralifool] 12/2/2017 10:41

Cinques, was there anything in those 90 posts that is worth reporting here?

[kfr20] 12/2/2017 10:18

Lack of 'noise' is not a bad thing, quieter threads are often better for exchanging ideas, etc.

[enfranglais] 12/2/2017 08:59

Just proves where the ladies post?!!!lol

[cinques] 11/2/2017 23:33

This is the second post on advfn's active HUR thread today....

There have been 90 so far today on the HUR thread over on L S E .... no, make that 95 !!!

[oilretire] 11/2/2017 19:46

Nothing specific to HUR, but interesting read anyway.......

[gary38] 10/2/2017 18:06

2 day Layin .All have a good weekend.

[laserdisc] 10/2/2017 17:16

Stril polar 16nm from rig good weather presently, time ticks down, about another 3 weeks i would say. Good week-end all

[thegreatgeraldo] 10/2/2017 17:01

Green, it's covered in the CPR as well - a nice thick oil column obviously helps!

[leeson31] 10/2/2017 16:36

53.75p close in auction.. thats a weekly breakout on the line chart..... and we have a next-point area to surpass being 58p intraday high this week.....

have a good weekend girls :-)

[greenmachine1] 10/2/2017 16:31

Geraldo, spoke with RT about this issue 2 years ago. He didn't seem too worried about it at the time and said that if the drawdown pressure was kept in check there shouldn't be a problem.

[thegreatgeraldo] 10/2/2017 15:59

Rayrac, it will, the question is how quickly - the last thing HUR want is coning.

[leeson31] 10/2/2017 15:50

oil strong today.. wti 53.73