Hurricane Energy Share Discussion Threads

[zztop] 15/9/2017 07:50

N0 one really knows the future Some would say or think hurricane could have a 10 billion cap....Eventually?

[gary38] 15/9/2017 07:19

English translationTechnipFMC wins contract for Lancaster Early Production System projectSource: Dow Jones NewsPARIS (ANTI-DOW JONES) - Infrastructure specialist TechnipFMC (FTI.FR) announced Thursday evening that it has won a contract with the British oil company Hurricane Energy (HUR.LN) for the supply of equipment submarines for the Lancaster Early Production System (EPS) project, west of the Shetland Islands. TechnipFMC did not specify the amount of this contract.PRINCIPAL ISSUES:-This contract provides for the engineering, supply and installation of construction and installation equipment, including umbilicals, risers, flowlines and the underwater production system.-TechnipFMC will also install underwater equipment, anchor buoy buoy and mooring system.-The project will be carried out in an integrated way (iEPCI).

[puzzler2] 15/9/2017 05:45

Agree chutes. The time will come when it's worth buying back in to capitalise on an share price rise, but I don't see that until at least Autumn next year.

[chutes01] 15/9/2017 01:31

too late for that now, it's a busted flush unless you hang on for 3 years and hope to see 80p
the money isn't interested here for the next 18 months

[davidblack] 14/9/2017 23:28

Well not collapsing the price by issuing death spiral warrants to kill the momentum which was nicely building if you remember would have been key.

As someone who was not privy to the Brokers thoughts it would appear the share price was walked down to 32p in less than six weeks, with anyone who paid 51p in the warrants issue particularly hard hit. CA have voiced their irritation too I believe?

And that is why we are bumping along the bottom at present, a lot of old friends were burnt and new friends are not buyers unless it is cheap. So a bit more indigestion till the overhang clears I reckon.

Hiring a decent CEO with commercial oil experience would help in my opinion.

[greenmachine1] 14/9/2017 22:46

David, I've noticed your posting from the last few days regarding the bod handling of the financing deals. What I haven't heard is what the alternatives were. I am interested in how you would have done things any differently?

[davidblack] 14/9/2017 22:25

And good luck to you with your trading but for me I am now looking for £3 in due course as against £5-£6 four months ago.

Just a pity the desire to keep things rushing forward meant the Broker was able to sucker them into two poor placing. Whether deliberate or naive who knows?

[davidblack] 14/9/2017 21:46

Or 55p, 42p, 33p and 28.5p in my case!

The upside remains but the price leverage has lessened re Lancaster. That price upside on the "Daft placing" might come back with Lincoln. Maybe it can be retained separately from any Lancaster JV done with a major? If that could be achieved then we might well recoup that casually lost leverage by virtue of having strong internal cash flows thus avoiding doing a cheap soft deal on the non Lancaster assets? Maybe the FPSO will give us control of our own destiny?

Lots to play for going forward, assuming the BOD are up to playing with the "Big Boys" of course and not just rolling over at the first hint of resistance.

We live in interesting times! But they would be more fun if the price was 50p!

[chutes01] 14/9/2017 21:38

HURR is only for trading only now

100p long term target - so much for those who bought in at 60p recently

dull.

[leoneobull] 14/9/2017 18:36

God this is dull since buying in at 33.75Pmo is where the excitement is. I am holding my hur to get back to breakeven

[greyingsurfer] 14/9/2017 17:10

Fantastic - the situation hasn't changed in the next 1 hr 30 either!

[nw99] 14/9/2017 17:08

In an operational update this morning Hurricane have announced that they have made the Final Investment Decision for the Lancaster EPS and that it is still on schedule for first oil in 1H 2019. The FPSO Aoka Mizu is now on tow to Dubai where its upgrades will take place by Bluewater Energy Services. A rig contract has been signed with Transocean to complete the EPS production wells and fabrication orders have been signed with Technic FMC for SURF and SPS. This news is most welcome and comes after the funding that means that the company is fully funded to first oil and has taken all the steps to ensure that the next 18 months will be incredibly busy. For Hurricane and the UKCS, the visibility of, in my view, of well north of 1bn barrels of oil coming on stream is transformational and very welcome indeed. The shares have languished before and since the raise in the summer but once that indigestion has cleared up I can see a realistic long term target price of in excess of 100p.

[junk] 14/9/2017 16:58

a blue day at last....forgot what the colour looked like. Hope it at least steadies the ship

[stepone68] 14/9/2017 16:10

Thanks for the update nw99. Good to see the position has not changed in the last hour and a half.

[nw99] 14/9/2017 15:32

For Hurricane and the UKCS, the visibility of, in my view, of well north of 1bn barrels of oil coming on stream is transformational and very welcome indeed. The shares have languished before and since the raise in the summer but once that indigestion has cleared up I can see a realistic long term target price of in excess of 100p.

[cyan] 14/9/2017 14:51

Malcy comments



Extract;

"I can see a realistic long term target price of in excess of 100p."

For those that paid 60p it blooming well needs to achieve. For a long wait and attendant risks ........ummmmm

Patience required. I will observe with interest only for the time being.

The good news for all is POO at $55.71

[fireplace22] 14/9/2017 13:57

Part of Malcy's update today:

For Hurricane and the UKCS, the visibility of, in my view, of well north of 1bn barrels of oil coming on stream is transformational and very welcome indeed. The shares have languished before and since the raise in the summer but once that indigestion has cleared up I can see a realistic long term target price of in excess of 100p.

[fireplace22] 14/9/2017 12:53

BH, Don't think they could say that unless its stated as opinion so what would be the the point? ('Well they would say that wouldn't they?') A significant portion of the investment community obviously does consider the risk of investing in HUR is too high and the share price for the moment reflects their concerns rather than the positive case.

[bloodhound] 14/9/2017 12:14

Adding something like this wouldn't have hurt:

'The company notes the depressed state of its share price (and share holders)And would like to take this opportunity to say this in no way reflects the prospects of our assets and business plan going forward and also our current funding status'.

BH

[phowdo] 14/9/2017 11:46

Perhaps get a few nominal buys from directors in the next attempt to prop up the waning shareprice.

[fardels bear] 14/9/2017 11:41

Ooer, Missus, you'll catch it..

[jacks13] 14/9/2017 11:21

Looking at the Environment Statement, issued in March 2017 (Lancaster Field, Early Production System), this states:

12.3.1 Production operator
Hurricane will act as Production Operator for the Lancaster EPS. As this is the first occasion on which Hurricane has been involved in a production development, having previous undertaken exploration and appraisal drilling operations, approval must be received from the OGA (though consultation with BEIS).

and,

12.3.4 Installation operator
Bluewater Lancaster will become the formal installation operator for the FPSO, subject to approval from the OGA. This affiliate will also become Duty Holder of Aoka Mizu, with its Safety Case being updated to reflect this change and to meet the general requirements of the Offshore Installations (Offshore Safety Directive) (Safety Case etc) Regulations 2015 (OSCR 2015). Once completed and subject to regulatory approval, Bluewater Lancaster will be both Lancaster field installation operator and the Aoka Mizu Duty Holder.

I’m thinking that these are the items that are pending approval.

[kirtonender9] 14/9/2017 11:11

The so called good news this morning although nothing new was shown.The initial mark up didn't last and the are down again.And before Gary accuses me of being short. I AM NOT SHORT.But the chart isn't looking very good. The down channel ended mid - July when the shares flat lined till the 3rd week in August , but have since started to fall again.I am not deramping either. Just stating FACTS. Anyone who can read charts (properly) can see that.