Hurricane Energy Share Discussion Threads

[taudelta1] 21/12/2016 08:18

Any views folks on whether there will be potentially two Halifax RNSs (first, there is oil below structural closure; second, where is the OWC), or if co is likely to skip the first such RNS and announce both pieces together?

[puzzler2] 21/12/2016 06:42

nicebut - don't forget we have a CA representative on the Board, who will keep the focus on maximising shareholder returns within a reasonable time frame. That is likely to mean an outright sale at upwards from 150p IMO. HUR would be ideal for a major like BP, that needs to make large, profitable acquisitions to add meaningful shareholder value and one for say £2bn would be equivalent to a rights issue or placing of less than 2% - I wouldn't have thought that would be a big deal?

[rayrac] 20/12/2016 23:59

I've been looking at the trades today. None of them really large, in fact the latest page has nothing much over 30k. I'm just pleased I have the temperament that allows me to sit and watch...while not trading one of mine.

Some guys are fearful of their own shadow and happy with extremely small gains...you've got to bet it to get it. You'll never make enough to cover the losses that without fail, will take away any small gains that undoubtedly (my spellchecker failed!) will happen in the future.

[nicebut] 20/12/2016 23:36

...Which is exactly where these exploration Co`s go wrong. Just don`t let RT get too greedy.

At least we are now seeing PoO rising... Different position in the cycle.

[sloppyg] 20/12/2016 23:15

Gibso - yes agreed re. 13334.

If we RNS'd tomorrow, that a Warwick drill has been conducted behind the scenes and that, as a result of this, a further 600m column was identified with circa 300m barrels recoverable we might see c.5p on the share price ?

The market is basically saying, yes we hear you, what you have is undoubtedly huge, yes it is perceived to be unconventional oil so what are you going to do about it now?.........then we will decide how to value you and when to reflect that value etc......

So you are the CEO of Big Oil and the HUR business case lands on your desk - circa 1bn+ barrel recoverable @$2.50. Do you write that cheque for $2.5bn having read the risk section ?

Answered my own question....i don't think RT will except anything less than fair value for his baby and hence we will be going it alone of sorts ?

[gary38] 20/12/2016 22:52

Gibso l am 63 going on 64 and l am just starting.

[gibso6767] 20/12/2016 22:42

Xel massive dept then re poo collapse and BoDs giving themselves massive bonuses and rights

[gibso6767] 20/12/2016 22:41

Re GKP think that that was a very very well organised ( not willing to put into words ), combined with TKs avarice and greed the Kurdish Governements positions and American foreign policy in that area , currently The Syrian Tragedy.

We have no spivs here proven academics whose name is worth more than money to them even though that is for the majority the e d result .

Political safe , Our CPR etc will take time and be spot on , with the OGA backing us as such it cannot be anything but 💯 correct .
Big oil only gets bigger

[gibso6767] 20/12/2016 22:20

The saying ' The Whole is greater than the sum of its parts ' Aristotle , is very apt here the previous post is spot on .

The irony being that as we drill we find more oil ergo not wanting to sell ourselves short and consequently more cash needed to monetise to production .

Our Goalposts are moving on a regular basis , so what say sell an asset for £1.00( tax implications??), so we can all reduce our risk or actually nullify it i.e. Highest shareprice/ £1.00?.

I'm not the only one with itchy feet and the irony being the more oil we find the longer it may take to monetise and also sell ourself very short .
Sorry for negative slant of post but I'm not getting any younger

[sloppyg] 20/12/2016 21:51

The irony is the larger the reserves they prove up the more significant the risk for Big Oil if they go all in.

Any perceived industry risk, re. sustainability etc, is magnified now given the buy-in price is increasing with every drill success.

Instincts are there will be a great deal of interest but none that truly reflects the potential value of the asset; so will the Good Dr, being his pride and joy, go it alone or identify an innovative development solution ?

Imagine trying to sign off on this one (Big oil) - damned if you do, damned if you don't.

Well i am all in now in any case..........

[cashandcard] 20/12/2016 21:13

Jacks13,The Production Index for FB fields in places like Vietnam and Yemen are impressive. WoS FB has not been put through an EWT but a comparison with other FB fields would put it pretty high up the list in terms of characteristics. As Dr Trice put, no observed pressure barriers in what is an extremely well connected fracture system. I think they have interested parties, both industry and corporate. Of course, it's a question of whether the interest is at a price that interests Dr T and the team.Cash

[jacks13] 20/12/2016 21:10

The thing is gisjob AS was commenting today and in full knowledge of the impending Halifax drill and its potential connection with Lancaster. Doesn't mean you're wrong mind.

[gisjob2] 20/12/2016 20:49

I have a feeling that might all change if Halifax proves to be an extension of Lancaster.

[jacks13] 20/12/2016 20:41

The problem appears to be a reluctance by would be farminees to farm-in before the field is a proven producer. In other words no farm-in until after the fpso has been in production for perhaps two years.

[leeson31] 20/12/2016 20:15

Yeah... I think k a farm out makes most financial sense..... or flog it.......of there's a perception they keep on raising money it may stunt the share price perhaps... but a farm out derisking in many senses whilst still creates share holder appreciation and value.....

[laserdisc] 20/12/2016 20:12

re RBL AS mentions signing chs for $100m this is the sort of min level for rbl
yes as we know the licence was split to facilitate moving things forward.
I think it will involve rbl & mortgage part of field,
whatever,we we are in a good position presently, next 12 weeks will be interesting

[kandymans1] 20/12/2016 20:08

Agreed jacks

[laserdisc] 20/12/2016 19:39

rns I look forward to Hurricane's imminent operations on the hugely important Halifax well and to simultaneously progressing towards the sanction of the Lancaster Early Production System in H1 2017."

simultaneously = at the same time

as I see it confirm up hugely important Halifax then something happens ie who ever it is that's interested will sanction

just needs patience final part of jigsaw is halifax

[leeson31] 20/12/2016 19:35

I think any funding for the usd400m has until end of H2 2017.... before then there's lots of good news still to come... data room rns. Fdp. And most importantly the cpr for p2's...

[gibso6767] 20/12/2016 19:28

Just listened to A Stobie on Audioboom , very good piece .
I'd say that the shareprice is as is due to uncertainty of Productivity i.e. our FPSO and testing over time the two Lancaster Wells and uncertainty of future funding .
Perhaps the market doesn't want to risk a large retrace on the latter of the two options , and it's held around here to accommodate future funding

[gibso6767] 20/12/2016 18:56

Thing being such a derisory lacklustre shareprice effect on such brilliant news .

This find of ours is multiples of other North Sea Oil firms be they Exploration or Producers .

I shudder to think what would happen if the well had come up trumps to the shareprice .

The bizarre thing being now I'm now thing it's going to be a marathon rather than 800meters to any great payback .

Be this due to uncertainty at funding for FDP etc , more appraisal wells, producers etc .


And then if there is dilution of sorts when and how .

As much as the glass is very much full I'm beginning to wonder if our success could be our not necessarily undoing but put timeframes 3years plus .

I've intimidated before my intention to reduce massively at now £1.20 or so and hoping to see it before Easter 2017 and let the rest of my holding carry on till either T/O or a significant multiple of what we have now .

I don't think I'm alone in this view , sorry for being such a misery guts possibly due to pneumonia again and aches and pains