Hurricane Energy Share Discussion Threads

[laserdisc] 24/1/2017 17:51

the licences were split to facilitate a farmout ,most likely a farm down of a portion of hurricane & then farmin partner can carry out the production side of things, I believe value here if you are prepared to wait for things to unfold, I bought my last lot at 47p no more for me now as I am overweight, I am now preserving some cash just in case they give shareholders another bite at an open offer

[the guardian] 24/1/2017 17:31

A buyout or farmin could come at any time. Maybe soon, maybe never.

[waterloo01] 24/1/2017 17:24

Drilling results not till end of quarter, or are people expecting something earlier?

[laserdisc] 24/1/2017 17:15

STRIL POLAR left the rig earlier today expected Aberdeen 7am tomorrow

[gibso6767] 24/1/2017 16:10

so ,the bit is turning and aiming south ,the potential here is amazing .
the drilling campaign has been relatively very cheap and agreat success.

so the data room is open ,and its been intimated that we have 1 major plus others having a gander.

question being with any dd they've done so far how much more will they need to do and timescale regarding WHIP work in progress ie Halifax well .

can we envisage any deal this side of june

[bloodhound] 24/1/2017 12:52

As Gary38 says "It's getting exciting"

From the Halifax well spud RNS (Link below).

"we believe that the oil column extends beyond the Lancaster block boundary and potentially up to the Halifax Prospect."



I guess we could add the BOD to yesterday's straw poll that would have recce'd up;-)


BH

[gary38] 24/1/2017 11:53

The Shetland TimesMark Thomas, BP North Sea regional president said: "In recent years, we have been focusing our North Sea portfolio around core assets west of Shetland and in the central North Sea – bringing new fields into production, redeveloping and renewing existing producing facilities, acquiring new acreage and interests through licence rounds and farm-ins and selling some of our mature assets to those who see greater strategic fit with their businesses.

[gary38] 24/1/2017 09:21

The Doc and team will be on the front line driving Hurricane Energy forward as he has always done thats why the company is in such a great position.Its getting exciting .

[pounddreamer] 24/1/2017 09:00

8 days into the Halifax drill.
Are we expecting Dr T on the rig any time soon?
I would feel better knowing he's at the coalface so to speak.

[the guardian] 24/1/2017 07:52

I know how you feel. I hate TLAs.

[mrx001] 24/1/2017 07:35

Thanks for that, knew it wasn't earnings per share, I was wondering if it was Environmental Protection Survey but it didn't seem to stack up. Sometimes I hate acronyms when not qualified.

[oilandgas1] 24/1/2017 01:04

Hurricane intends to use the Aoka Mizu for the Early Production System ("EPS") phase of development and will have the right to extend the contract for up to ten years. Under the Heads of Terms, BES has granted Hurricane an exclusive right to enter into fully-termed agreements until November 2017. It is the parties' intention to enter into fully-termed agreements prior to Hurricane's sanction date in mid-2017.

Hurricane is pleased to announce that it has signed Heads of Terms with Bluewater Energy Services ("BES") for the use of the Aoka Mizu Floating Production Storage and Offloading Vessel ("FPSO") on the Company's Lancaster field, West of Shetland.

Hurricane intends to use the Aoka Mizu for the Early Production System ("EPS") phase of development and will have the right to extend the contract for up to ten years. Under the Heads of Terms, BES has granted Hurricane an exclusive right to enter into fully-termed agreements until November 2017. It is the parties' intention to enter into fully‐termed agreements prior to Hurricane's expected sanction date in mid‐2017.

The Heads of Terms sets the scope of work required to ensure the Aoka Mizu meets Hurricane's requirements for deployment at Lancaster. In addition, the Heads of Terms sets out the commercial terms between BES and Hurricane, both for the cost and terms of the upgrade and life extension work and the subsequent charter rates during the expected life of the contract.

Following the signing of the Heads of Terms, Hurricane and BES have commenced a second phase FEED study which is expected to complete in early 2Q 2017.

[gibso6767] 23/1/2017 23:18

Or Early Production System i.e smaller FPSO less producing wells , Subsea equipment.
A less lengthy and less expensive way to start production, monetise asset

[t-trader] 23/1/2017 23:14

Earnings per share

[mrx001] 23/1/2017 22:48

Could anyone tell me what does EPS stand for?

[bloodhound] 23/1/2017 22:32

As a follow on from Prefabs post today 14201:

In the Times today there's an article 'Let rigs die at sea to boost the environment'.

Which starts: Ministers have been told to consider allowing oil companies to leave old platforms in the North sea to save the taxpayers billions of pounds and prevent environmental damage.

Basically Ed Davey former energy minister and Johnathon Porritt environmentalist calling for a review of the rules (Ospar).

BH

[gary38] 23/1/2017 19:45

https://www.share.com/ISA EligibleCompany OverviewHurricane Energy is in the oil & gas producers sector and is currently trading at 47.50p per share. In the last year Hurricane Energy's share price has ranged from 9.48p to 52.75p and brokers are currently rating this stock a strong buy.What Other Brokers SayStrong Buy 6Buy 0Neutral 0Sell 0Strong Sell 0Total 6

[thegreatgeraldo] 23/1/2017 17:27

Plus, of course, a wee slice of the "$400 mill" was raised in the last placing!!!

[thegreatgeraldo] 23/1/2017 17:24

Bit touchy Gary!! Here's what the company have said about funding the EPS. Maybe the FT should offer me a job!! ;-#))



"A preliminary estimate is that the capital expenditure required to achieve first oil from the EPS, excluding the two horizontal wells which have already been drilled and tested, is expected to be up to USD400 million. This estimate comprises vessel hull and topside conversion, vessel repair and life extension, turret, buoy and mooring, Subsea Equipment, well completions and vessel deployment and associated service and engineering costs (including the Subsea Equipment, buoy, mooring and control system long lead items funded by the Fundraising).

Hurricane is considering a range of financing options for the EPS phase of the Lancaster development and currently intends to finance the EPS via a combination of some or all of the following options: equity, production pre-payment facility, deferred vendor finance, deferred yard and fabricator finance, hybrid ownership of the FPSO, export credit agency guarantees and farmout"

[prefab] 23/1/2017 17:03

No problem Guardian that's just my interpretation of the article, Shells problem will be offloading aging assets @ a decent $pb. I know which assets I'd be running the rule over, given the choice.

[gary38] 23/1/2017 16:55

TGGIf you have information that its not true please post that informatiom here as l am sure that other investors including me will be happy to know why its not true.

[gary38] 23/1/2017 16:52

TGGCheck my post 14051 to 14201.It was a FT article which l posted so if you dont believe the article you can take it up with FT.When l find articles to do with Hurricane Energy l post so other investors can read them as l find other posters articles interesting to read.

[the guardian] 23/1/2017 16:33

OK prefab, point taken. >£2 per share please