Hurricane Energy Share Discussion Threads

[leeson31] 05/12/2016 12:52

in the price now, as you say Gary... looks like theyre done now anyhow, otherwise perhaps theyd have held the rns until after were they were done...

[gary38] 05/12/2016 12:50

It don't matter because all those shares have been brought up by new big investors who also can double or treble their money from this point .

[gary38] 05/12/2016 12:47

Maybe they sold some for the Christmas wage bill or one of their private investors was desperate for money so they needed the money to pay him.

[greenmachine1] 05/12/2016 12:43

Seems an odd decision to me at this juncture.

[gary38] 05/12/2016 12:30

Don't think CA will make the same mistake as last time,as they had to buy in at a higher price and since that their investment has nearly trebled.

[jacks13] 05/12/2016 12:14

Crystal Amber sold 6m shares on 30th Nov. Wonder if they'll use proceeds to exercise their warrants?

[gary38] 05/12/2016 12:13

Hurricane Energy PLC Holding(s) in CompanySource: UK Regulatory (RNS & others)TIDMHURRNS Number : 9801QHurricane Energy PLC05 December 2016 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) -------------------------------------------------- 1. Identity of the issuer or Hurricane Energy plc Ord the underlying issuer 0.1p of existing shares to which voting rights are attached: (ii) --------------------------------------------------------- ----------------------------- 2 Reason for the notification (please tick the appropriate box or boxes): ---------------------------------------------------------------------------------------- An acquisition or disposal of voting rights YES ---------------------------------------------------------- ---------------------------- An acquisition or disposal of qualifying financial NO instruments which may result in the acquisition of shares already issued to which voting rights are attached ---------------------------------------------------------- ---------------------------- An acquisition or disposal of instruments with NO similar economic effect to qualifying financial instruments ---------------------------------------------------------- ---------------------------- An event changing the breakdown of voting rights NO ---------------------------------------------------------- ---------------------------- Other (please NO specify): -------------------------------------------------------- ---------------------------- 3. Full name of person(s) Crystal Amber Fund Limited subject to the notification obligation: (iii) --------------------------------------------------------- ----------------------------- 4. Full name of shareholder(s) HSBC Global Custody Nominee (if different from 3.):(iv) (UK) Limited --------------------------------------------------------- ----------------------------- 5. Date of the transaction 30/11/2016 and date on which the threshold is crossed or reached: (v) --------------------------------------------------------- ----------------------------- 6. Date on which issuer 02/12/2016 notified: --------------------------------------------------------- ----------------------------- 7. Threshold(s) that is/are crossed or reached: (vi, vii) 15% --------------------------------------------------------- ----------------------------- 8. Notified details: -------------------------------------------------------------------------------------------------------------------------- A: Voting rights attached to shares (viii, ix) -------------------------------------------------------------------------------------------------------------------------- Class/type Situation previous Resulting situation after the of to the triggering triggering transaction shares transaction if possible using the ISIN CODE -------------- ---------------------------------- ---------------------------------------------------------------------- Number Number Number Number of % of voting of of of shares voting rights (x) Shares Voting rights Rights -------------- ---------------- ---------------- -------------- --------------------------- ------------------------- Direct Direct Indirect Direct Indirect (xi) (xii) -------------- ------------ ------------ -------------- -------------- ----------- ------------ ----------- Ord 0.1p GB00B580MF54 180,560,255 180,560,255 174,834,255 174,834,255 14.53 ---------------- ---------------- -------------- -------------- ----------- ------------ ----------- B: Qualifying Financial Instruments -------------------------------------------------------------------------------------------------------------------------- Resulting situation after the triggering transaction -------------------------------------------------------------------------------------------------------------------------- Type of financial Expiration Exercise/ Number of voting % of voting instrument date Conversion rights that rights (xiii) Period (xiv) may be acquired if the instrument is exercised/ converted. ------------------ -------------- -------------------------------- ----------------------------- --------------------- C: Financial Instruments with similar economic effect to Qualifying Financial Instruments (xv, xvi) -------------------------------------------------------------------------------------------------------------------------- Resulting situation after the triggering transaction -------------------------------------------------------------------------------------------------------------------------- Type of Exercise Expiration Exercise/ Number of voting % of voting financial price date Conversion rights instrument rights (xix, instrument (xvii) period refers to xx) (xviii) ---------------- -------------- -------------- ---------------- ----------------------------- ----------------------- Nominal Delta ---------------- -------------- -------------- ---------------- ----------------------------- ------------ --------- Total (A+B+C) -------------------------------------------------------------------------------------------------------------------------- Number of voting rights Percentage of voting rights ---------------------------------------------------- -------------------------------------------------------------------- 174,834,255 14.53% ---------------------------------------------------- -------------------------------------------------------------------- 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: (xxi) ----------------------------------------------------------------------------------------------- Proxy Voting: ----------------------------------------------------------------------------------------------- 10. Name of the proxy holder: ------------------------------------------------------------- -------------------------------- 11. Number of voting rights proxy holder will cease to hold: ------------------------------------------------------------- -------------------------------- 12. Date on which proxy holder will cease to hold voting rights: ------------------------------------------------------------- -------------------------------- 13. Additional information: Calculation based on Total Voting Rights figure of 1,202,860,397 ------------------------------------------------------------- -------------------------------- 14. Contact name: Pat Ogier -------------------------

[cashandcard] 05/12/2016 12:13

What an article. I suppose if Halifax is successful in proving oil outside structural closure, Dr T's allusions to Britain's Johan Sverdrup are not beyond the mark.Cash

[gary38] 05/12/2016 11:52

The investors that are buying Hudlestons shares up must be laughing and can't believe their luck getting these prices with drills happening and data room about to open.I must be missing something or is it simply Hudleston is desperate for money.

[the guardian] 05/12/2016 10:38

Once we come up with the UKs biggest oil play, there's enough in that article to make a movie.

[gibso6767] 05/12/2016 09:49

SOME VERY GOOD POSTS ON LSE AT MOMENT

[pounddreamer] 05/12/2016 08:50

Lots of press re oil this past weekend.
Nearly all predict $60 POO by year end.

[gary38] 05/12/2016 08:42

Brent crude oil price rapid rise attacks resistance and breaks out higher .

[laserdisc] 04/12/2016 08:49

thanks gibso I had a look yesterday but busy time for me,i am mobile next week so not as many updates on boats in depth for this board , I notice the stril polar was near the cranes etc from 3.45pm yesterday then moved off to rest around 10pm so looks like its unloaded, I personally was thinking another week or 10days we will see I am no expert this could be deep as it is inclined, i think longer the better, deeper and more info is being obtained patience as always, the licences have been split they did say open data room /re start farmin towards end of year they have enough data already to who's to say we have to wait for Halifax, there are big opportunities for the private equity sector now in the oil and gas industry

[gibso6767] 03/12/2016 22:10

To any oilfield trash we are having a chat of none hurricane stuff over on lse

[steved] 03/12/2016 17:24

Bear in mind that the FD stated in a recent interview that Hurricane can make plenty of money with an oil price of $60.

[cashandcard] 03/12/2016 16:09

Buffy,Those were modelled costs prior to oil price crash and 2014 drilling. Volumetrics and industry cost Regime have changed massively since then. I get to a price of $33-34/bbl for the EPS project to be economic going on numbers HUR have released.Cash

[laserdisc] 03/12/2016 13:27

thanks to lse poster Inthemeantime posted this morning
pages 62to65

[buffythebuffoon] 03/12/2016 13:22

Indeed.

Following the decision at the OPEC meeting, we may just have timed this perfectly.

I really am surprised our market cap is sub £500m. Still, I guess it means we can take a bit more time accumulating.

Buffy

[laserdisc] 03/12/2016 13:12

they have on going new innovative approach with main suppliers contract details not known, probably linked to oil price, how further volume affects all this we will have to wait and see

[buffythebuffoon] 03/12/2016 13:07

Lol..thanks laserdisc.

I should have worded that better! I'm aware of the reduced costs since oil was in three figures and the EPS.

Buffy

[laserdisc] 03/12/2016 13:04

Buffy See para Early Production System ("EPS")

[buffythebuffoon] 03/12/2016 12:57

Cash, he talks about Lancaster being commercial at $85 but suggests it may be so at a lower price. I know we have greater volumetrics now, so has this been reviewed do you know?

Buffy