Hurricane Energy Share Discussion Threads

[gibso6767] 19/3/2017 14:57

Cheers HH ,

[hopeful holder] 19/3/2017 14:49

Gibso, Dragon went for £8 per share. I was invested from 1997 through to the takeover. (Nearly 20 years of holding).This has the potential to be much bigger than DGO and much much faster. At the time of takeover they had around 100k bopd being produced and around 540million shares.I can't for the life of me remember the reserves figure but they had done extended seismic S and they alluded to it being much much higher than was on the books.The 52% holder (ENOC) took it out.

[blueball] 19/3/2017 14:49

buy signal.

[zztop] 19/3/2017 14:05

Gibso, self control whilst in profit is always going to be extremely testing but no one said the journey to become a millionaire would be easy? :0)

[bloodhound] 19/3/2017 13:09

Cashandcard - I just fainted after reading that article;-)

BH

[cashandcard] 19/3/2017 12:53

hTtps://www.energyvoice.com/oilandgas/81259/activist-investor-sees-17bln-potential-in-north-sea-explorer/Cash

[zztop] 19/3/2017 12:41

Crystal amber once said hurricane was a 17 billion pound company? Could that climb start this week?

[laserdisc] 19/3/2017 12:24

interesting another supply vessel left Aberdeen this morning opens the ? are ops still on going as I stated last week weather window excellent early part of next week
STRIL POLAR out of Aberdeen
19/03/2017
10:51
TRANSOCEAN SPITSBERGEN, Offshore Oilfields

Arrival at rig MID DAY tomorrow

[gary38] 19/3/2017 09:09

Well results towards the end of Q1 and CPR end of Q1 .

[bloodhound] 19/3/2017 08:57

Thanks Hiddendepths. Your figures are remarkably close to mine given the right condition (PoO etc).

Real possibility of a Halifax RNS tomorrow, fingers X'd for us all.

BH

[hiddendepths] 19/3/2017 08:41

Bloodhound - I can certainly come up with some numbers for what they're worth. I'll get round to it in the next couple of days.

FWIW I came up with a value of close to 200p when I first invested here, which was very shortly after the initial float. That was based on Lancaster coming in as expected (it did) and I put a probability weighting on 2 billion barrels recoverable for the acreage - which actually looks conservative if Halifax is part of Lancaster. In those days oil prices were over $100 though and the per barrel value of reserves was substantially higher. What is more, there were fewer shares in issue. Against that, the company didn't have the Halifax Block and the probability of the higher reserve figures has risen sharply with the recent drilling and I would be surprised if my new figure is below 200p. But I need to do the sums.....

[ngms27] 19/3/2017 07:14

Based on the OWC compared to the CPR.

[telbap] 18/3/2017 22:45

NGms......750mbl based on what?

[ngms27] 18/3/2017 22:40

We all know Lincoln is likely 750m barrels never mind Warwick

[davidblack] 18/3/2017 20:53

I think they have been busy elsewhere!

[oilandgas1] 18/3/2017 17:19

Did we ever get an update on the Lincoln field? Flow tests?

19dec: the Lincoln Well has discovered a significant oil column outside structural closure on our Greater Lancaster Area acreage. Our initial assessment of the drilling results will be subject to refinement by analysis of wireline and sidewall core data, however, current analysis indicates that our pre-drill resource assessments - which were constrained by the oil down to in the Arco Well - of approximately 250 million barrels of recoverable oil for the Lincoln prospect may be conservative.

[gibso6767] 18/3/2017 16:54

PC they put a time range of 3 to 4 years with a few variables based on production and price of oil so no consensus as such but a lady Godiva at certain production and poo which I cannot remember was given .

But I think HUR will diversify there assets in more than a couple ways

[zztop] 18/3/2017 16:17

gibso thanks...

[pcok] 18/3/2017 16:11

What was the highest guesstimate???

[gibso6767] 18/3/2017 15:23

Zztop , the persons in question where both experienced PIs and professional number crunchers mainly to do with the purchase and resale of hydrocarbons used in the Nitriles business world and as is without current drill or virgin licences the smallest price guesstimated was £1.50 .

But I hasten that was at $32 profit and a poo of $60

[oilandgas1] 18/3/2017 15:21

Did we e we get an update on the Lincoln field?

19dec: the Lincoln Well has discovered a significant oil column outside structural closure on our Greater Lancaster Area acreage. Our initial assessment of the drilling results will be subject to refinement by analysis of wireline and sidewall core data, however, current analysis indicates that our pre-drill resource assessments - which were constrained by the oil down to in the Arco Well - of approximately 250 million barrels of recoverable oil for the Lincoln prospect may be conservative.

[buffythebuffoon] 18/3/2017 14:36

Hi Adam,

Yes, we're counting the chickens. Only because we know there are some large eggs though.

Buffy

[gibso6767] 18/3/2017 14:18

Adam yes true , but I've intimated for a considerable time that once this well has been completed and data gleaned that that is the line in the sand drawn .

If anyone invested in here who doesn't think similar should sell and wait for a lower entry price .

But yes chickens counted is very apt