Hurricane Energy Share Discussion Threads

[ileeman] 28/3/2017 21:59

@David

I think a lot higher than mid 60p in a few weeks, all time high breaks usually go a bit nuts.

70p-80p is my target.

[buffythebuffoon] 28/3/2017 21:38

Peter,

While you are strictly correct that Cash is making an assumption; based on all the evidence we have with previous drills, it's looking highly likely we could get it to flow.

Far more important, as was also the case at TE8 for SOU, is that the size of the field volumetrics has massively increased. In the, IMV, unlikely event we don't get it to flow, we won't be short of places to drop anchor on Lanfax.

Buffy

[davidblack] 28/3/2017 21:34

Or it could be profit taking after a good day yesterday? My guess is in four weeks we will be in the mid 60s.

[kandymans1] 28/3/2017 21:33

"pervasively fractured with porosities similar to those at Lancaster."Thats quote that put me at ease.K

[kandymans1] 28/3/2017 21:32

I would have liked dst to have taken place or been successful as im sure all would have .I take solace from DR T and huricane been confident that enough info is gathered to link halifax to Lancaster. They must have sufficient data now. Lancaster oil flows were good. Halifax info must look identical or similar. Check out rns regarding comments on fractures in rock. Looks good to me but yes prefer as markets would to have dst results Better day tomorrow hopefully GlK

[p@] 28/3/2017 21:25

Looks to me as if some-one knows of an imminent issue!

[muddy_40] 28/3/2017 21:15

Peter

Belowfrom the RNS
"TVDSS and a Drill Stem Test ("DST") was undertaken. However, constrained by budget, available time and the safety requirement of drilling overbalance, the well was unable to clean up and recovered only traces of formation oil to surface"

I would imagine they are drilling these reservoir section with sized calcium carbonates as a fluid loss agent..and with the overbalanced drilling, the fractures plugged with the LCM(CaCo3), they did not have the time due to weather constraints to let the well flow/clean up, or they are not going to acidize the well prior to drilling on..so I think this may be the main constraint on getting the DST

[greyingsurfer] 28/3/2017 20:52

The fact Halifax was not completed as a producer is not a huge problem in the long run. Let them map Halifax and develop a high resolution fracture model for it, then you'll see flow rates similar to Lancaster as they return to appraise and complete producers.

Pure assumption, Cash. Yes they may do, but the fact at the moment is that they don't know. That was the significance of getting a decent DST.

Peter

[bountyhunter] 28/3/2017 20:45

agree 100% cc; coincidentally I have just been double checking the previous well test results and found the same rates which combined with the likely size of reserves leaves no concerns here for me, also the last fundraising less than 6 mths ago was at 34p (so didn't hold things back) and look where we are now in terms of the share price with significantly higher potential reserve figures anticipated in the CPRs due imminently and later in the year
imho dyor

[jacks13] 28/3/2017 20:44

If there were to be no immediate farmin interest would Hurricane raise further cash through a placing to fund further exploration of Halifax? Another well perhaps or testing of the one just drilled? They could be placed in a position where an interested party required them to do that before committing to a farmin. That sort of sums up a situation where Hurricane alone continue to bear the development risk with no immediate development help at hand.

I’m hopeful that that will not be the case and that the CPR will dislodge such a logjam. A farmin partner will sign a deal subject to a satisfactory CPR. Up and running by end April in other words.

Shell and BP taking up license blocks in U.K. Oil and Gas Authorities latest round screams out that they will at the very least be interested in a piece of Hurricane. They would have a ready baked prospect, pre-drilled and primed for exploitation, potentially extendable into their own prospects.

[cashandcard] 28/3/2017 20:34

Waterloo,Lack of flow?They achieved nearly 10,000bopd from the 2014 well and 14,500bopd from the first well 7z, in this recent bout of drilling.The fact Halifax was not completed as a producer is not a huge problem in the long run. Let them map Halifax and develop a high resolution fracture model for it, then you'll see flow rates similar to Lancaster as they return to appraise and complete producers.Cash

[waterloo01] 28/3/2017 19:46

My read, FWIW, is the lack of flow detail puts a lid on deal values. Having said that, I'd still expect a farm out/sale at a higher share price than here, but without confirmation of flow there is a knowledge gap and a £680m market cap is not insignificant.

[gisjob2] 28/3/2017 19:46

One would guess that when a partner farms in, the terms would give a better idea to the value of the Greater Lancaster Area than we have now as well as going some way to solving the development options.

I can't quite believe the share price at the moment when you consider what it was before the Lincoln discovery and now the positive Halifax result. The resource is looking huge now !

[dsmith57] 28/3/2017 19:33

Most disappointing couple of days in my investing career. On reflection it would seem that this news was in thr price. If you look at previous videos of Dr Trice he seems very confident about the extended Lancaster area. People like me bought because of that. It still seems somewhat surreal that the reaction has been so muted after a find which led to national news.

[rayrac] 28/3/2017 19:08

LDF, but he gave us free will? So it says...

Last word, promise.

Now then, do we believe in HUR..or not? That must be the question for some? Otherwise the share price would do better than this.

[gibso6767] 28/3/2017 19:01

Jacks , I think that all the news recently and to be soonly released are predetermined ie in a specific order .
The FT news on Sunday being the Take Yout Marks Order .

Halifax News Yesterday coming first then CPR before any funding news .

It's getting the ducks in a row

[leeson31] 28/3/2017 18:53

Amen to that:)

[jacks13] 28/3/2017 18:53

gibso, I’m puzzled by your cart before the horse comment from earlier:

‘Are Hurricane putting the Cart Before the horse with CPR news soon , then machinations of a Financial type follow not long afterwards’

What do you have in mind?

[cinques] 28/3/2017 18:49

Please take the religious talk elsewhere.

[rayrac] 28/3/2017 18:42

Yep LFDKMP, humanity has a lot to answer for...in every form it names itself! If there is a God!! Then you can't blame him/it for our actions...now or in the past?

[lw425] 28/3/2017 18:40

Darwin maybe???