Hurricane Energy Share Discussion Threads

[davidblack] 28/11/2016 10:13

So will we drill Warwick after Halifax?

[bloodhound] 28/11/2016 10:13

Can I add (And I'm sure I'll get pilloried for this) a few words of caution here.

Dr Trice being on the rig may indeed be good news (and we all hope it is) conversely there may be an issue minor or a catastrophic one (no trap or seal on Lincoln very worse scenario).

All I'm saying is this is exploration and none of it is a done deal. If it was we'd be valued in the £'s based on our projections for OIP.

And please believe me no one wants this to succeed more than me.

Good luck all.

BH

[the guardian] 28/11/2016 10:10

Yes, a strange time to sell, even for people who are well in profit. Fingers crossed for a super Christmas present.

[substp] 28/11/2016 10:04

"or another similarly risked Rona Ridge prospect"

Thanks impvesta

[impvesta] 28/11/2016 09:59

"substp28 Nov '16 - 09:52 - 12513 of 12514 1 0
How is the Halifax drill being funded?"

From the RNS 20/10/2016 re the £70m placing and £4.4m open offer:

"£70 million secures EPS development timeline and drilling of two wells with the net proceeds primarily to be used to:

o advance the development of the Greater Lancaster Area fields by funding the FEED and certain other engineering studies for the EPS phase of Lancaster;

o secure the development timetable for the EPS by acquiring the Subsea Equipment, buoy, mooring and control system long lead items; and

o further delineate the Greater Lancaster Area by drilling an exploration well on Lincoln and an exploration well on Warwick or another similarly risked Rona Ridge prospect with the potential for up to approximately 500 million barrels of unrisked Prospective Resources across the Lincoln and Warwick prospects (assuming analogous to Lancaster);"

Halifax is the "similarly risked Rona Ridge prospect" which they will now drill instead of Warwick.

[substp] 28/11/2016 09:57

None of it that I read was earmarked for the Halifax.

[gary38] 28/11/2016 09:57

Selling now makes no sense as news on drills will soon be out and then the price will move into blue sky prices never seen here before.

[zztop] 28/11/2016 09:55

Hurricane got 70 million the other week add that to cash they already had?

[substp] 28/11/2016 09:52

How is the Halifax drill being funded?

[davidblack] 28/11/2016 09:47

So after Halifax is there likely to be more drilling and if so where?

[chessman2] 28/11/2016 09:33

The fact that Dr T is now on the rig must be indicative of good news in the pipeline. In fact I would suggest the good Dr is more excited than most of us investors.

Without doubt this is looking better and better. As HAF has suggested many investors are already in profit so there will consistently be sellers during the march north.

[puzzler2] 28/11/2016 08:53

The share price is doing exactly what I want it to - small steady rises on the back of periodic and increasingly better news. No need for any excitement. I think it's clear that the exercise of the option to drill Warwick is indicative of everyting having gone well (so far) at Lincoln, otherwise a step-back to re-assess the plan would have been the rational approach. All good so far as I am concerned.

[haideralifool] 28/11/2016 08:51

Hyper

bear in mind that every single person who bought from the beginning of 2015 till a few months ago, has doubled their money, or better. So that's a lot of people who can sell some of their stock around these prices and let the rest run for free.

[laserdisc] 28/11/2016 08:24

250k buy gone through

[brahmsnliszt] 28/11/2016 08:18

"Lack of excitement"?I don't get some people. The low of the year is 9p. It's multibagged this year which many of us have been on top of and this 'lacks excitement'?Too much short termism around.

[the guardian] 28/11/2016 08:11

OOh, I'm really excited. How's that?

[control1] 28/11/2016 08:09

Lack of excitement in the share price and also here apparently...

[laserdisc] 28/11/2016 07:38

morning Hyper Al,lets hope this board will get some of the more in depth informative posts as we move forward, the stril polar was at the side of the rig 7-30am till 3-30pm yesterday Lincoln results could come anytime the momentum will continue with newsflow into 2017 gla
rns Spitsbergen rig to drill Halifax confirmed

[puzzler2] 28/11/2016 07:17

RNS out - option taken over Spitsbergen rig to drill Halifax - presumably an indication of all going well?

[prefab] 28/11/2016 07:17

So it's Halifax o/c of Lincoln then, mustn't be any significant delays @ Lincoln thus far.

[cashandcard] 27/11/2016 22:25

Rayrac,I tell you this, the industry has known for a longtime that vast quantities of oil exist in deeper rocks that have been fractured by tectonic movement to the west of Scotland. They did not know how to evaluate or even build an accurate model for it. Hurricane is finally opening this resource up to the UK oil industry. I'm expecting a minimum of 2bln bbls on the basis of their prospects before Halifax.Let's see what happens. The drillbit always had final say.Cash