Hurricane Energy Share Discussion Threads

[hopeful holder] 07/2/2017 13:31

@ngms I'm happy enough if they sell up and your time frame does not seem that wild. Whatever they do, it's continuing to look good for old and new investors.

[rayrac] 07/2/2017 13:27

Well done kfr20. At least we have some wise heads here?

[rayrac] 07/2/2017 13:26

Ah, expensive!

[kfr20] 07/2/2017 13:26

So glad I got in here at 50p, albeit later than alot of you. I intend to stick around to see the potential here unfold. Great news flow lined up. Bring it on!

[leeson31] 07/2/2017 13:22

star bucks.

[rayrac] 07/2/2017 13:21

The buck stops here leeson? That one?😷

[leeson31] 07/2/2017 13:21

david


"o further delineate the Greater Lancaster Area by drilling an exploration well on Lincoln and an exploration well on Warwick or another similarly risked Rona Ridge prospect with the potential for up to approximately 500 million barrels of unrisked Prospective Resources across the Lincoln and Warwick prospects (assuming analogous to Lancaster);"

from 28th oct from the 34p latest placing..

[davidblack] 07/2/2017 13:21

If Warwick was to be drilled successfully then it and Lincoln could've mergered into Premier oil after the bond holders have done a 80:20 recapticalusation of Premier?

Essentially the bond holders of Premier and Hurricance could reap the rewards from the Premier infrastructure.

Existing Premier holders would benefit as their currently crippled investment would now be free of the bond holders. And yes they would lose 80% of the upside but also they would lose their debt?

[leeson31] 07/2/2017 13:17

same target for me ngms27, but april this yr :-)

[davidblack] 07/2/2017 13:12

What chance of a drill going into Warwick shortly?

[ngms27] 07/2/2017 13:11

Well my target is 200p THIS YEAR

[leeson31] 07/2/2017 13:10

as long as its $3billion sale, we wont care ngms lol

[leeson31] 07/2/2017 13:09

i cant make it any clearer ray after my last post. i think we all know what a buck is..

[gary38] 07/2/2017 13:08

Dr Robert Trice, Chief Executive of Hurricane, said:"The updated data from the Lancaster 7 and 7Z wells reinforce our belief that the Lancaster field is substantial. We now await the results of the Halifax Well which is designed to evaluate our exploration model which describes Lancaster and Halifax as a single hydrocarbon accumulation."

[leeson31] 07/2/2017 13:05

tjbird: they had to raise money in order to get where they are now. that placing was at a 50pc premium to then then share price too... you understand how this sh1t works dont you?!

[leeson31] 07/2/2017 13:03

$3/barrel on 1billion barrels...... $3b / ~£2.5b /~207p per share...

[daniel levi bmd] 07/2/2017 13:01

It's a TAKEOVER ATTEMPT

Exposed Optiva, Lenigas & Gunsynd. Takeover Plot of Zenith Energy!

Dan
x

[tjbird] 07/2/2017 13:01

if this was that good why did they sell 30pc of the company at just 15p just 9 months ago

[rayrac] 07/2/2017 13:00

That's 9b bucks? Right Leeson? $bucks I suppose?

[leeson31] 07/2/2017 12:19

jacks, yes, but ngms says 3b barrels.... i think hur would be doing no justice selling resrves at 1buck per barrel... more like 3bucks pb imo and circa 1b barrels incl halifax...

[jacks13] 07/2/2017 12:06

Using today's mkt. cap. $798m (£644m x 1.24) and divide by WH Ireland's estimate of 817mln barrels recoverable and you get close to ngms's $1/barrel. Coincidence?

[ngms27] 07/2/2017 12:04

Hopeful Holder, I hate to disappoint but I seriously doubt HUR will ever pay a dividend. They aren't in the production game and the EPS is purely proof of concept to ensure a sale of assets.

I happen to think the sale of assets will happen sooner, post Halifax and before 2018.