Hurricane Energy Share Discussion Threads

[nicebut] 20/12/2016 11:55

If you think it`s cheap, just keep buying- ii move the sp- Let them buy after you`ve topped up. IMO

[gisjob2] 20/12/2016 11:49

Talkman, I completely agree. I know Dr Trice wanted to go under the Rader early on for strategic reasons but now is the time to go public on a grand scale. We''ve found the oil and even been granted out of round licenses. We can now shout it loud. However I do like the good Dr's methodical approach. When he talked to Malcy all through the year you could have watched with the sound off. The glint in his eye and grin said all you needed to know. However he's also great to listen to.

[gisjob2] 20/12/2016 11:39

Lancaster and Halifax is the one we've been waiting for. I was slightly concerned about drilling Lincoln at this time. Why I ever doubted the good Dr I'll never know. That was a brilliant Lincoln result !

[talkman2] 20/12/2016 11:36

I'm amazed that the national press has not picked up on this story . It's of national , strategic importance to the UK .

[gisjob2] 20/12/2016 11:33

Lincoln and Lancaster are also separate structures

[gisjob2] 20/12/2016 11:31

Lincoln and Halifax will be separate structures, however Lincoln and Warwick could be the same, so the Warwick drill could he interesting when completed, having been de-risked by Lincoln

[nicebut] 20/12/2016 11:26

What`s the distance between Lincoln and Lancaster?

And Lincoln and Halifax?

[bloodhound] 20/12/2016 11:25

SOMEUWIN - I was about to post just that:-) Almost frightening numbers (almost:-))

BH

[someuwin] 20/12/2016 11:22

"...If we are able to demonstrate that its a similar contact to that at Lancaster then that goes someway to arguing that there's a single accunulation between Halifax and Lancaster, which would be of course an enormous field of some 30 kilometers in length."

[someuwin] 20/12/2016 11:10

Greater Lancaster area “exciting”, says Hurricane Energy boss

Published on 20 Dec 2016

Hurricane Energy PLC (LON:HUR) chief executive Robert Trice tells Proactive Investors that the Greater Lancaster area is an “exciting” area to be in.
The firm said on Monday that its Lincoln oil discovery is likely to be larger than first thought after it...

[kirk2] 20/12/2016 10:41

had a small holding in hur for a couple of years but just increased 6 fold, this will move in the new year when the huge upgrade starts to register with the big players and wooosh 200p a share, good to see leeson involved he is a good guy.

[gregpeck7] 20/12/2016 09:44

I had been thinking the same now about going for a FTSE listing.. This could put them straight into the FTSE250 and all the associated trackers etc. With all of its assets being UK based this would seem a very sensible move.

[larva] 20/12/2016 09:15

Guys,

check out REDS 1.15-1.2p and going northwards. People paying over the offer to buy shares.

With a new sales team

being put in place, an extended Product Stack, new

applications and a new ecosystem of partners following the

acquisition of Connect IB in 2016, we estimate adjusted PBT

will grow from £0.9m to £2.5m for the year ending January

2018. The Software Applications division will contribute 30%

to EBIT (2015: 7%), before central costs, with an EBIT margin

of 27% (2015: 8%). With free cashflow also expected to turn

positive next year we re-iterate our buy recommendation

with a price target of 2.2p representing 100% upside.

[dudishes] 20/12/2016 09:15

Good point Hyper Al, but step by step (cost consideration etc...).

[kandymans1] 20/12/2016 09:14

Hyper alNot always works that way. Thought same about gkp but that didnt happen when they moved off aim. Cpr in process here so maybe might have all the boxes ticked that would enable a move. Also higher market cap helps. Im no expert. Nice upgrade. Quid be start :)K

[talkman2] 20/12/2016 08:53

Totally amazed that this isn't over 50p

[laserdisc] 20/12/2016 08:32

they will get to know when safe to move , swell of about 5 presently, I do not know what the safety limits are for moving rig ,warnings are listed on this site

& swelltv for weather reports

[the guardian] 20/12/2016 07:53

Looks like some very windy weather on the cards for top end of Scotland. I wouldn't like to be at sea. Will probably hamper moving rig to Halifax.

[leeson31] 20/12/2016 07:48

Laser: revised figires using 400mmbo for halifax on 2P's....

cheers
------------------------



current mcap ~£584m/~$724m at 48.5p (with ~£85m cash pre lincoln drilling...)

lancaster: MINIMUM base case 333mmbo
lincoln: MIN 250mmbo

halifax: lets say a meagre 150mmbo

total: 733mmbo

when it was just lancaster, i think a fair conservative valuation per barrel would be to use $2.50/b, but once you derisk the 'ridge' or GLA or asset by asset drilling, you can use a derisking $/b variant. I'll use a meagre ~$4/b per asset per MIN base case totalling 733mmbo, being ~$2.9billion/~£;2.3billion or ~192p/share valuation...

remember: MIN base case..

once the CPR is produced, i think you'll find the 2P's per asset will be more like:

lancaster 2P ~500mmbo
lincoln 2P ~400mmbo
halifax 2P ~400mmbo

totals: 1.3billion barrel. 2P's per barrel valuation then easily (lets be conservative) lets say ~$5/b, thats ~$6.5b/~£5.24b or 436p/share.....

all to play for in the coming due course :-)

[gary38] 20/12/2016 07:35

Thanks Laser .