Hurricane Energy Share Discussion Threads

[telbap] 11/5/2018 10:42

Laser......agree to AGM point......the last few RNS on the topic hint that way.They are putting the relevant systems in place to for fill the needed requirements, brought in a new chairman........ticck, tick, tick.It's clear to me they will align the all these various issues togeather for the AGM.So news of the various elements of kit being re located to site, admission to the premier market, getting closer to FOIL.SP at 50p plus by end May.

[gary38] 11/5/2018 09:29

So there is a possibility of FOIL in 8 months time or less as progress moves forward in good time.

[gary38] 11/5/2018 09:09

This point brought up by a poster on the LSE board about page 13 of the Hurricane Energy roadside presentation about first oil in late 2018 to have production by 1st Jan 2019.

view
Base case production profile generates significant and steady operating cash flow
13
Base case EPS production outlook
-
5,000
10,000
15,000
20,000
25,000
Daily Production Rate (bopd)
Average Net Production Rate Production Rate
Ramp-up to 85% operating
efficiency over 6 months
No decline forecasted
within 6 year EPS period
Potential to increase
gross production rate up
to Aoka Mizu vessel
capacity of 30,000 bopd
45%
65%
85%
Flat Brent price
1
st Oil $50/bbl $60/bbl $70/bbl
01-Jan $93m $136m $180m
30-Mar $62m $92m $121m
30-Jun $18m $32m $47m
Example 17,000 bopd full year
economics Flat Brent price
$50/bbl $60/bbl $70/bbl
Sales 6.2 million barrels
Revenue $283m $345m $407m
Op. Cash Flow $159m $216m $272m
Note: Net operating cash flow generated during producing
portion of the year
Note: Figures from first full plateau year; revenue is net of
marketing fee; operating cash flow is prior to debt service
12 mths 24mths 36 mths 48 mths 60 mths 72 mths and funding of reserve accoun

[laserdisc] 11/5/2018 09:02

rig move 1 vessel coming across from Bergen and 3 from Montrose port. Would expect some news next week.
The Jumbo Kinetic on the move to Dubai port this morning
Regards to listing I would of thought that sort of news would be a sweetner for the AGM

[steelwatch] 11/5/2018 09:01

4 x AHTS fixed

[chopsy] 11/5/2018 08:05

You say that but the board has to formally decide, all the hoops have to be jumped through etc, I'd say a few months at the least.

[steve73] 11/5/2018 03:13

Once we're listed to the main marker we're straight into the FTSE250..

Shouldn't be long now.

[stepone68] 10/5/2018 21:58

"Well, if ADVFN Buys V's Sells is anything to go on,..."

It's not.

[bloodhound] 10/5/2018 19:01

Well, if ADVFN Buys V's Sells is anything to go on, we're still looking very strong going forward.

BH

[greyingsurfer] 10/5/2018 17:04

Well past time for a proper listing then!Peter

[laserdisc] 10/5/2018 16:03

re shaw shipwatchers
NEW
Repsol requirement
a RIG/MOVE for the Stena Spey (3 x AHTS), D/D 14
15/05/18

[tom111] 10/5/2018 15:55

PP Total know all im afraid,lol

[fireplace22] 10/5/2018 15:32

Sounds like a win win job, no-one expects you to be right. Easy money.

[impvesta] 10/5/2018 15:06

"I used to forecast commodity prices for a large firm."

"No one is daft enough to think they can forecast oil price"

Hmmmmmmmmm!

[paulpaolo] 10/5/2018 12:34

If anyone could even roughly forecast oil price movements that would be worth billions in salary. They would leave and become a "local" (a private trader). Firms also buy in forecasts (nb scenarios, there often is no "central" forecast as if there were, it would hog all the attention...philosophy is recognise this price can't be forecast but scenarios with luck may encompass a wide range of outcomes and assist in developing a robust business strategy..given that you can't forecast) from economic consultancies (who will sometimes accede to client pressure and have a "central case" ), but they daren't invest based on those either. They are all given at least some consideration but current prices are key and also drive heavily the forward curve. As to Mr Trump, liberals will never acknowledge it but he usually compromises rather a lot in practise, just as Mrs Thatcher did. The iran crisis probably won't even be in the news in a week or 3.

[shabbadabbadoo2] 10/5/2018 12:05

"Firms dare not commit capital based on an analyst's long term commodity forecast. I should know, I used to forecast commodity prices for a large firm."

Why did they give you a job if they ignored your work?

[paulpaolo] 10/5/2018 11:53

Laserdisc, yes the shipwatching is interesting and can help in small incremental derisking over time, absent RNSs. I appreciate the efforts.

[paulpaolo] 10/5/2018 11:45

investors do not sit there with academic long term oil price forecast and invest in that. Gambling billions on one department's or one consultancy's forecast. If it was possible to forecast oil price movements (honestly, it is not) all would forecast same, demand (you can choose your fuel for some processes) and production assets would be built against it, forecast would self-annihilate.. peaks in price wouldn't come... No one is daft enough to think they can forecast oil price, but trying will at least help you understand what effects drove prices in the past better. Definitely hur has had a lift from recent OPs.

[laserdisc] 10/5/2018 11:25

Paulpaola shipwatch does create optimism and possibly highlights news cannot be far away.Its just an interest for me,keeps the thread ticking over while we wait for news, does show something is happening on operations front which is important when matching with co timelines . I do agree with your statement" To imagine that the share price recent rise is mainly driven by movements of a few big tugs and stuff is folly".The macro economics etc and the larger investors will decide the outcome here, not us bb posters

[ltinvestor] 10/5/2018 11:10

There is much more to the increase over the last few days apart from the increase in the oil price.I am expecting an operational update very shortly to show that all is on track and that the Transocean rig has been released from Repsol duty and will shortly be relocated to Lancaster.As we close in on Foil then a steady increase is to be expected.My holding is long and strong!

[greyingsurfer] 10/5/2018 11:06

but the future production is valued based on today's commodity pricesNo it's not! O&G assets are valued on best estimates of commodity prices over the expected lifetime of production. Short term price moves only impact on analysts valuations if they change those expectations. PIs may be influenced unduly by the spot price. Analysts and IIs are unlikely to take such short term views. Peter

[tom111] 10/5/2018 10:58

Yes we all know that thanks and the Iran crisis is not going to be solved anytime soon if you follow Trump, you have heard of him I take it

[paulpaolo] 10/5/2018 10:44

Bad news if the iranian crisis is solved as recent oil price rises are almost certainly primary driver of recent HUR share price increases, oil price falls will pull HUR share price down. In a past role i bought and sold a few large gas fired power stations, 15 year remaining life typically but market value would swing by £100s of millions according to recent spot gas prices compared to recent spot electricity prices. Same with oil and gas fields, maybe more than 10 years life, but the future production is valued based on today's commodity prices. As no one dare invest based on a forecast. As HUR shares have a growing proportion of non-PI's, this effect grows. To imagine that ths share price recent rise is mainly driven by movements of a few big tugs and stuff is folly. You all did notice the Iram crisis, right?