Hurricane Energy Share Discussion Threads

[jacks13] 22/12/2016 11:17

I agree with much of what you say Leeson, which is to say that the picture can and probably will change markedly between now and the start of the EPS. And of course it could yet be that the EPS investment is carried out by others. But if a BB is not for the kicking around of ideas what purpose does it serve?
I note you mention end of h2 2017 for the investment decision. Surely you mean q2.

[thegreatgeraldo] 22/12/2016 11:16

Brahms, I'll bet BP are already very interested, HUR's licences are in their back yard.

[brahmsnliszt] 22/12/2016 11:12

its healthy to err on the negative side when invested. Always seeing the downsides ensures a balanced and defensive view on things. We all know the potential upsides here but it must be tempered with headwinds we may see.
For me its all about the EPS - get the oil flowing in order to get the majors REALLY interested. If the good Doc's RNS's are bona fide which Im sure they are then get the oil flowing.

There's enough O&G grey matter in K too and a real vested interest there to ensure shareholders wont get shafted imo.

[ltinvestor] 22/12/2016 11:04

Sensible post Leeson.LT

[leeson31] 22/12/2016 11:00

ps, thats not aimed at you jacks, just the general seeming worry of the posters on thread... if lancaster hadnt have come we'd have fk all now in the share price .. yet it has come in, and lincoln, and now theres greater worry than that of lanccaster being a dduster. lol

[jacks13] 22/12/2016 10:35

Doing a quick calculation on a straightforward placing of new equity to raise £300m, it would need the issue of 667m new shares at 45p. A 56% uplift in shares in issue to 1,870m shares.

Whether they could get that many shares away I don't know, perhaps not. Maybe a combination of £200m equity and £100m debt secured against undeveloped assets may be a way forward. Something the Board will be mulling over in the next three months or so.

[laserdisc] 22/12/2016 10:24

yes I realise that but they did not have Halifax licence then will have to see what happens, lets say its got underlying potential

[jacks13] 22/12/2016 10:19

Yes but 3bn what, P10, P50, P90? If it needs developing this would prove a diversion at this stage requiring capex in its own right.

[laserdisc] 22/12/2016 10:07

jacks I was looking back over some 2014 slides one said this
•3 billion barrel* upside case opportunity on Hurricane’s acreage

it may all end up proved

[jacks13] 22/12/2016 09:57

I agree cash regarding taking on debt. Unfortunately Strathmore doesn't appear to have much value as collateral at the moment. It's an undeveloped sandstone reservoir, close to Lancaster.

'We believe Strathmore could be most economically developed by tie-back to neighbouring infrastructure – and we are looking at using Lancaster as the main development hub.'

[cashandcard] 22/12/2016 09:12

Laser, Strathmore is the perfect non-core saleable asset to the likes of PMO.As I've mentioned previously, I would be happy to see most types of financing, just not RBL or any other Debt that'll force the company to sign up the main assets as security. All it takes is a wobble in the oil prices or some unforeseen financial struggle and the assets will be taken from under our feet.Cash

[laserdisc] 22/12/2016 08:54

hi hearts1 good to see your still invested here, I remember the advice lol
new faces in the data room mentioned by malcy, I think a farmin will play a part of finance, have to see what fields will be incorporated into plan, I don't think any value at present has been given for the whirlwind/ Strathmore fields, perhaps these could play a part in the security for any debt facility. I have total confidence in management and sure as I can be that private investors will not be overlooked if a deal is struck

[telbap] 22/12/2016 08:39

Puffin.....The more I see, the more I like.....same for me, about half a leg, thinking of going to full leg today.

[puffintickler] 22/12/2016 08:35

Just topped up, again. This started off as a toe in the water, it's now half a leg.

[control1] 21/12/2016 23:14

Not being an oiler, I don't if they can process at least the Lancaster element of the CPR (rather than wait for the whole programme) but if they can, I hope that they are already hard at work on it as these things take time and like everyone else here, I am dead keen to know what we are dealing with.

Meanwhile, FSAwatcher needs a "re-boot" as it became the FCA as recently as 3 and a half years ago...

[davidblack] 21/12/2016 16:35

Kerogen are in a different position having a director on Hurricanes board and are restricted as to when they can sell shares.

And they "Know" actually what is going on!

So maybe they have no interest in selling?

[ricfle] 21/12/2016 16:13

Leeson31

I think you have missed an RNS on the 5 December 2016 about CA holdings.

Kerogen are in a different position having a director on Hurricanes board and are restricted as to when they can sell shares.

The rest of your posts bob on! Keep up the good work.

[leeson31] 21/12/2016 15:07

fsa speaking utter rubbish... no shorts at 0.5pc or 6m shs..... as per shorttracker.co.uk