Share Name Share Symbol Market Type Share ISIN Share Description
Hurricane Energy LSE:HUR London Ordinary Share GB00B580MF54 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +6.75p +21.77% 37.75p 37.75p 38.25p 38.00p 30.75p 31.25p 25,722,480 16:35:15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -4.7 0.1 539.3 454.08

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DateSubject
24/6/2017
09:20
Hurricane Energy Daily Update: Hurricane Energy is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker HUR. The last closing price for Hurricane Energy was 31p.
Hurricane Energy has a 4 week average price of 29.25p and a 12 week average price of 29.25p.
The 1 year high share price is 67.75p while the 1 year low share price is currently 15.25p.
There are currently 1,202,860,397 shares in issue and the average daily traded volume is 3,591,160 shares. The market capitalisation of Hurricane Energy is £454,079,799.87.
23/6/2017
09:51
jurgenklopp: CA is an investment trust and the announcement this morning should primarily have been aimed at shareholders of that entity. The fact that they had to say that the weakness in the CA share price was, in their opinion, mainly to do with the weakness in the HUR share price suggests that CA is perhaps a tad over exposed to one particular company.
23/6/2017
07:34
kooba: CRYSTAL AMBER FUND LIMITED("Crystal Amber" or the "Fund")Statement re. share priceCrystal Amber notes the recent decline in its share price. The Directors believe it primarily reflects the decline in the share price of its largest investment, Hurricane Energy plc ("Hurricane"). The Fund currently holds 150,000,000 shares in Hurricane at an average cost of 23p a share. In addition, the Fund holds warrants over 23.3 million shares exercisable at 20p a share. The Fund has previously realised profits on Hurricane of GBP15.7 million.The Fund attributes Hurricane's share price decline principally to the poor handling of its warrant issue announced on 12 May 2017 and comments at its AGM on 7 June 2017, which referred to the near term focus being on funding and delivering the Early Production System.As Hurricane's largest independent shareholder owning 12.2% of the issued share capital, Crystal Amber is supportive of monetising Hurricane's assets, which are valued by Crystal Amber's external consultants who have been its consultants for the last two years, on a NPV10 basis and assuming a $55/bbl flat nominal oil price and that contingent resources "trade" at a discount to reserves by 50%, at 219p a share. The Fund also notes comments at the AGM regarding the reopening of Hurricane's data room to a limited number of oil companies that have the requisite development credentials to take the Rona Ridge project to full field development. The Fund also believes in the strategic value of Hurricane's asset base.For further enquiries please contact:Crystal Amber Fund Limited
23/6/2017
07:05
fireplace22: Crystal Amber RNS just out: Crystal Amber notes the recent decline in its share price. The Directors believe it primarily reflects the decline in the share price of its largest investment, Hurricane Energy plc ("Hurricane"). The Fund currently holds 150,000,000 shares in Hurricane at an average cost of 23p a share. In addition, the Fund holds warrants over 23.3 million shares exercisable at 20p a share. The Fund has previously realised profits on Hurricane of £15.7 million. The Fund attributes Hurricane's share price decline principally to the poor handling of its warrant issue announced on 12 May 2017 and comments at its AGM on 7 June 2017, which referred to the near term focus being on funding and delivering the Early Production System. As Hurricane's largest independent shareholder owning 12.2% of the issued share capital, Crystal Amber is supportive of monetising Hurricane's assets, which are valued by Crystal Amber's external consultants who have been its consultants for the last two years, on a NPV10 basis and assuming a $55/bbl flat nominal oil price and that contingent resources "trade" at a discount to reserves by 50%, at 219p a share. The Fund also notes comments at the AGM regarding the reopening of Hurricane's data room to a limited number of oil companies that have the requisite development credentials to take the Rona Ridge project to full field development. The Fund also believes in the strategic value of Hurricane's asset base.
17/6/2017
10:54
fireplace22: Gibso, May be naive but I thought that F/O,s put a value to the resource and the share price responds to this. If BP pay £300M for 50% of Lancaster plus half of HUR's development costs to date that values that field at £600M now which gives a target for the share price to aim at based on Lancaster alone, throw in the other fields at obviously much more discounted values (for now) and you get a better value of HUR's worth. Which hopefully would be mirrored by the share price
23/5/2017
06:38
casapinos: This is a copy of a post made elsewhere re the HUR share options for directors detailed in yesterdays Annual report. "The VCP is based on an share price of 34p which the share price touched very briefly in NOV 16- so their timing is impeccable. At today share price the 3 directors involved have "earned" £1 million per month(>£6 mill each) as a result of the scheme (in addition to salary). Should HUR market cap reach £1billion (sp about 80p) they will share £50 million , at a market cap of £2bill (sp £1.60) they share >£128 mill and at a MC of $3bill (sp£2.40) they share> £210 mill - I couldn't bear to go further as the numbers become disgracefully generous. As other shave pointed out their greed is served as they have protected the scheme from the effects of the dilution necessary to fund EPS, further exploratory drilling and FFD i can imagine a situation in which the numbers for market cap above are reached with perhaps billions of further shares in issue yet the VCP pays out as described while common shareholders are diluted several times over. This is shameful, we should make very effort to stop it - I certainly shall." I hope some of you share my concerns
17/5/2017
10:48
terry hardacre: Peter, I don't disagree that the share price was being shagged by this scandalous warrants affair, but the share price started tanking big time on Monday when that broadcast took hold, and in my opinion compounded the bloodshed the next day.It is impossible to pinpoint what factors contribute to what proportion of a share price movement, but you can't be suggesting that it didn't have an effect?Putting the share price activity to one side, what do you make of Stobie's performance? Do you also take the view that we should be overwhelmed with contrition and begging his forgiveness? Or perhaps he should be subject to some critical scrutiny over what I consider to be an ill-timed and unnerving performance, that gives us some reason to doubt the progress of the funding negotiations, and the people conducting those negotiations.
15/5/2017
19:34
rainbow23: Not impressed by the ramblings of AS today. Totally unprofessional.If he wasn't capable of giving a decent interview he should have kept his gob shut instead of waffling and sowing doubt in the minds of shareholders. I fear for the immediate future of the HUR share price with this guy on the loose. Despite what he might say the money men have HUR over a barrel and AS is no poker player. More of the same tomorrow I fear.
27/4/2017
06:28
gersemi: From IC (25 Apr-17)..thanks to S-Thompson: 'The reason for remaining positive is down to the upside potential in the company's three largest holdings: Hurricane Energy (HUR:57p), a company that is building up a huge resource base in a strategically important part of the North Sea; Grainger (GRI:248p), the UK's largest listed residential property owner and manager whose shares languish at a 26 per cent discount to EPRA NAV estimates even though the company has been selling off non-core assets and successfully executing its plan to invest £850m in the private rented sector (PRS) by 2020; and vehicle rental group Northgate (NTG:526p). Hurricane accounts for a third of Crystal Amber's NAV (excluding warrants it holds), albeit Crystal Amber's investment managers have sensibly top-sliced the holding to manage the portfolio's exposure to any one company, and the holdings in Grainger and Northgate each represent around 14 per cent of book value. Bearing this in mind, I note that analyst Dougie Youngson at broker finnCap has just raised his target price on Hurricane Energy's shares from 91p to 130p following a capital markets day which highlighted that "the drilling programme has confirmed that Hurricane does indeed have a world-class portfolio of assets west of Shetland. The majority of the key questions relating to the geology and producibility of the Lancaster reservoir have now been answered.". Mr Youngson's valuation for Hurricane is on a risked NAV basis for the Lancaster and Halifax fields, and reflects a near doubling in the recoverable resource estimate for Lancaster to 593m barrels of oil, an uplift of approximately three times the 2014 Competent Person's Report volume. Clearly, everything needs to fall into place for Hurricane's share price to make further headway towards finnCap's upgraded target, and the next major news will be the final investment decision in the next few months ahead of planned first production in the first half of 2019. Capital expenditure for the Lancaster Early Production System is estimated at around $467m (£365m) and Hurricane is seeking to put together a funding package for the development which is likely to comprise new equity, debt and potentially a farm-out. The point being that although Hurricane's shares have surged in the past year, there is potential for the rerating to continue especially as any farm-out would highlight the huge value in the company's assets. That's good news for Crystal Amber's shareholders given the fund's weighting to this holding. In the circumstances, I would run the 66 per cent profit on your holdings in Crystal Amber. '
30/3/2017
13:22
garymegson: The Motley Fool "With the end of the tax year in sight, it’s more important than ever to transfer any remaining cash into your stocks and shares ISA before the window closes. But what to do with the capital when its safely in your account? Here’s one suggestion for all risk-tolerant, long(er)-term investors. “Exciting times” What an extraordinary week it’s so far been for oil exploration firm, Hurricane Energy (LSE: HUR). In addition to announcing its discovery of a 1,156m oil column at its Halifax well, the £680m cap also stated its belief that this was linked to the Lancaster field some 30km away, making for one huge hydrocarbon accumulation and the largest undeveloped discovery on the UK Continental Shelf. With one billion barrels of oil now believed to be recoverable from the Greater Lancaster Area (located in the West of Shetland), this result towers above the average 25m-barrel finds by companies over recent years. And the share price reaction? Relatively muted given the significance of Hurricane’s news. While a 7% rise since Monday will no doubt be welcomed by existing investors, I think it’s fair to say that most expected more. However, I believe the fireworks could be just around the corner. What happens next? Hurricane’s update on the Halifax well will be followed by the Competent Persons Report (CPR) on the Lancaster well – “due imminently” according to the company. The aim of this will be to provide an independent and unbiased evaluation of the asset. Given that management has already hinted that previous estimations were “conservative“, this update will surely make it harder than ever for prospective investors to remain on the fence. By the end of H1, Hurricane is also due to provide more information on the Final Investment Decision (FID) for the Lancaster Early Production System (EPS) with first oil currently pencilled-in for mid-2019. But the news doesn’t stop there. By the end of this year, and having processed all the data collected, Hurricane is forecast to release another two CPRs, this time relating to the currently-suspended Halifax and Lincoln exploration wells. One to tuck away To be sure, many questions still remain with regard to Hurricane’s 100%-owned assets. Nevertheless, with both Royal Dutch Shell and BP recently securing licences in the surrounding area (raising the likelihood of a farm-out agreement with an oil major) and Hurricane likely to receive support from the UK Government in light of Brexit, the prospects look bright indeed. While no company is immune from setbacks, the probability of its shares multi-bagging from here — despite their already impressive 500% rise in 2016 — appears high, regardless of what CEO Dr Robert Trice has planned for the company. The possibility of it receiving an audacious takeover offer is still not out of the question either. Should this be the case then it’s more vital than ever that investors take full advantage of the fact that all profits made on investments held within an ISA are free from capital gains tax. Failure to do this and any money made above the annual capital gains tax allowance — £11,300 for 2017/18 — will have the taxman rubbing his hands with glee. For those above the higher rate threshold and invested in Hurricane, this could really eat into any returns." hTTp://www.fool.co.uk/investing/2017/03/30/hurricane-energy-plc-a-perfect-buy-and-hold-pick
27/3/2017
17:02
gregpeck7: Share price will have to play catch-up Drilling in recent months has answered many questions for Hurricane, but, the corporate phases to come will likely present new ones. One thing that is clear, however, it that Hurricane is sitting on an awful lot of oil and, according to experts, the group’s share price has yet to catch up. Stockbroker WH Ireland, for example, has highlighted a “tremendous opportunity” for investors as he says the share price reaction on Monday almost ignores the significance of the Halifax well result. In Monday’s morning deals, Hurricane was up between 5-10% changing hands just shy of 60p. WH Ireland, meanwhile, struck a line through its valuation (which saw Halifax alone worth 65p per share) because analyst Brendan Long now saw the need for a “significant upward revision”. The stockbroker repeated a ‘buy’ recommendation, but, in the meantime put its 92.9p price target under review. “We can see that trading dynamics are mitigating market recognition of this result, we believe this represents a tremendous opportunity for long-term value investors to acquire stock at a price-level that almost ignores today’s results,” Long said in a note. A degree of profit taking or ‘investor fatigue’ is perhaps understandable. The Hurricane price is after all up some 400% in the past twelve months and the specifics of the upcoming round of financing remains remain uncertain (somewhat understandably given the presumably pivotal stage of negotiating). In the meantime, investors will keenly await the ‘imminent̵7; CPR as it will likely be the next major catalyst from the company.
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