Hurricane Energy Share Discussion Threads

[prefab] 28/12/2016 08:49

BP couldn't stop Halifax being drilled even if they wanted to. I do however agree that 85p-105p would be a cracking price for BP, they won't be getting HUR for anything close to that although I'm quite sure they'd like to. That boat has sailed.

All the best HUR holders.

[extrader] 28/12/2016 08:30

Hi gregpeck7,

Don't want to rain on the parade (season of good will etc), but the combination of (1) price 50p, takeout 85-105, a 'no brainer' (2) imminence - pre Halifax drill and (3)said by a City type who's a non-holder, doesn't quite stack up.

ATB (former 'City type' myself)

[rayrac] 28/12/2016 08:28

Never trust anyone who works in the 'city'. They know no more than you or I.👉🏿🙈

Nevertheless, it's a cracking buy...for me and mine anyway

[gregpeck7] 28/12/2016 07:25

50p + today..

Had lunch yesterday with a guy who works in the city and I have a lot of time for. His view on HUR (as a non holder) but interested observer was that it is currently a no brainer for BP or alike to make a move.. Although his personal view was that the takeout price would be 85 - 105p and not some of the higher numbers that have been talked about....

Again his personal view was that they would be stupid to let them drill Halifax as it could just send the share price into the crazy territory if it comes in when even without it now the share is clearly worth many multiples of where it is...

The fact even he saw it as a no brainer, was telling...

[laserdisc] 27/12/2016 19:53

Schlumberger Oilfield UK plc/ Transocean Spitsbergen V7ZS8
60°15.603'N 003°32.900'W block 205 survey for 1 day between
01/01/2017 - 28/02/2017

[laserdisc] 27/12/2016 18:10

could be a weather window coming later in week, I would think they need a further ah vessel ,could be we skip this week and await for New year holiday period to finish Aberdeen loves its hogmany,saying that plenty of vessels leaving Aberdeen to various oil fields this pm, I will keep the board informed
I am using windytv for weather co ordinates grid ref 60.13,-3.92 need to play around with settings but gives details swell etc
rig anchors may extend over one mile from rig position anchor buoys are not always deployed. There may be additional anchor pennants, deployed up to 200 metres from each anchor. co ordinates rig anchors buoys 1, 5, 2,6,3,7,4,8,
1, 60°08.390'N 003°57.278'W 60°08.393'N 003°57.537'W.. 5, 60°08.322'N 003°53.704'W 60°08.321'N 003°53.444'W... 2, 60°08.953'N 003°56.707'W 60°09.043'N 003°56.893'W... 6, 60°07.728'N 003°54.243'W 60°07.635'N 003°54.062'W... 3, 60°09.226'N 003°55.381'W 60°09.355'N 003°55.378'W... 7, 60°07.514'N 003°55.594'W 60°07.385'N 003°55.609'W... 4, 60°08.981'N 003°54.124'W 60°09.071'N 003°53.937'W... 8, 60°07.722'N 003°56.765'W 60°07.632'N 003°56.951'W
last rns
Lincoln results
A further announcement will be made once weather and sea state conditions have allowed for the rig to move to the Halifax well location and for the well to be spudded.

[rayrac] 27/12/2016 17:36

Does that mean they can move the drill to the Halifax site? The wind seems to have moderated!

[laserdisc] 27/12/2016 16:45

page 4 refers to on going operations is due for renewal 28/12, today stril polar came off anchor to port side WATERLOO 4-Quayside-StarBoard at aberdeen

[rayrac] 26/12/2016 23:52

Very appropriate though. Gives the picture?

Happy New Year to you and all also!

[chessman2] 26/12/2016 23:17

Rayrac,

Written in 2014 surely? A Happy and Prosperous New Year to you and all HUR holders!

[rayrac] 26/12/2016 22:50

I've been looking here. Mainly because I have time on my hands. I only hope the link works!🙏997;

hxxp://sp.lyellcollection.org/content/397/1/81.full#sec-4

Copy and paste I'm afraid. If you get to where I've been looking, then I'm sure you'll find it interesting.

[gibso6767] 26/12/2016 18:54

The Spitsbergen should have finished its latest well and made it safe , the BOP if time allowed prior to bad weather should have been pulled with the Marine Riser .

The 2 Anchors on each corner plus weather helm/ propulsion will keep the Spitsbergen safe and in a controlled location .
Reasonably certain that they've allowed for this and Anchor Handling Vessels and Tugs weren't ordered but on standby for the move once the weather and sea state dies down .

[davidblack] 26/12/2016 18:00

Hi Rayrac

Apologises for my Timidity on size.

Happy to change that 2 billion barrel "guesstimate" for a 5 billion plus one.

Oh a practical question, is the rig shut in till this storm Conor passes?

Merry Christmas to all.

DB

[greyingsurfer] 25/12/2016 11:17

Tullow ran from 25p to £16 a decade or so ago.

It took about 15 years to do so! And another 3 to drop 90%.

The only relevance to HUR is that E&Ps can, if you are patient (a lot more so than many here seem to be) make you a lot of money - they can also lose you a lot when you get it wrong.

I'm in HUR and happy to be, I see real opportunities for useful returns over the next year, or possibly more, but some of the expectations being raised here, and views on what the current valuation should be are completely of the wall.

Have a good Christmas all

Peter

[gregpeck7] 25/12/2016 10:33

It's writhing a few miles of solan..

[mrx001] 25/12/2016 09:42

Thought this was located near to existing infrastructure? Certainly not the same problems as Rockhopper.

[carcosa] 25/12/2016 08:51

Corporate: Fighters. Nimble, quick.
Wells: Bombers. Covers large distances, heavy payloads.

[puffintickler] 25/12/2016 08:48

The key to unlock all this is the EPS.

Oil in the ground is great, but only if you can get it out economically. Once (if) that is proven the sky is the limit given the quantity of oil down there.

Let's hope the names of the fields imply more fighters than bombers...

[bones] 24/12/2016 20:14

Yep, that will work. "Having some trouble drilling this Fokker"!

[rutter] 24/12/2016 19:11

Control.......or a Fokker

[control1] 24/12/2016 16:15

To answer the question Rutter, yes. The good doctor Trice has a interest WWII aircraft but I somehow doubt we'll get a Messerschmitt or a Junkers field though...!