Hurricane Energy Share Discussion Threads

[idleduck] 27/3/2017 13:32

empty ... read the statement. The reason is clearly given: However, constrained by budget, available time and the safety requirement of drilling overbalance, the well was unable to clean up and recovered only traces of formation oil to surface. The well was finally TD'ed at 2,004m TVDSS, with no confirmed OWC encountered.

Particularly note thatn Drilling overbalance clogs up formation pres and remedial clean-up is necessary to achieve a flow

[jacks13] 27/3/2017 13:32

ee - perhaps you answered that in 17242.

[cinques] 27/3/2017 13:31

Wonder how they're feeling over at PMG ?

Fancy reliquishing the Halifax licence even though Lancaster had been discovered and Clair was just up the ridge to the north east.

[cashandcard] 27/3/2017 13:30

emptyend,


Poor placement - like in the early Lancaster wells, which also had poor flows.

They need to intercept major fractures for maximum sustained flow.

But even so, enough data is available to characterise the reservoir.


Cash

[emptyend] 27/3/2017 13:27

.......Which begs the Question...If fractures are "pervasive" why no flow?

[cashandcard] 27/3/2017 13:25

"The reservoir interval encountered is pervasively fractured with porosities similar to those at Lancaster"

They will model Halifax numbers on Lancaster. Enough is known about Lancaster to arrive at numbers, that should be significantly ahead of 2013 CPR numbers.


Cash

[zztop] 27/3/2017 13:13

luv it


Hurricane Energy claims to have found more oil in UK waters than any other exploration company over the past 10 years. All its prospects are wholly owned by the one company.


All its prospects are wholly owned by the one company.!!!!

[thegreatgeraldo] 27/3/2017 13:02

cool hand kev
27 Mar '17 - 12:48 - 17423 of 17426 0 1
According to local media, Hurricane needs to raise about $400 million to develop the project

....yawn.......

[tradingmyplan] 27/3/2017 12:59

Wouldn't be surprised to see them announce they have got a raise off pretty soon - possibly even after hours.

[cashandcard] 27/3/2017 12:52

Cool hand Kev,


That was always known, its no secret. Given the scale of resource, I do not think it will be hard to raise.


Cash

[cashandcard] 27/3/2017 12:49

neo26,

Low billions at least.


Cash

[cool hand kev] 27/3/2017 12:48

According to local media, Hurricane needs to raise about $400 million to develop the project and aims to start producing oil from the field in 2019.

There's always a stumbling point :-(

[someuwin] 27/3/2017 12:47

...This looks absolutely amazing!

[neo26] 27/3/2017 12:44

So how much oil we looking at? Also when will Lancaster go in production...This looks good..

[ileeman] 27/3/2017 12:40

As some are mentioning once the story starts hitting the media etc this will rise. Give it a couple days bet it will be in the 70-80p range.

[davidblack] 27/3/2017 12:40

The SNP are rather boring liberals in truth with a nationalist twist. All they care about is the photo opportunities and sticking it to London.

The nationalisers are the Labour Party in opposition but not in office. Anyway they seem to have collapsed in Scotland.

[bigdazzler] 27/3/2017 12:39

LFDKMP27 Mar '17 - 12:33 - 17414 of 17415 0 0
What is SNP policy on nationalisation of state assets?



Yep you've caught us out, it's a fair cop give!!!! the policy is snp win and they take the asset back for free and hur becomes 0pence.


Honestly desperate times from some on here!!!!!

All in good time this share price will rocket.

[kfr20] 27/3/2017 12:38

Hitting the headlines.

UK's ‘largest undeveloped oil field’ discovered off Scottish coast.

[yoghurt73] 27/3/2017 12:37

Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.

[sandbag] 27/3/2017 12:33

Davidblack,

I seem to remember Norman Lamont talking on tv during the last referendum and saying the the Shetlands might want to stay with the UK so Scotland shouldn't assume it's all their oil.

[lfdkmp] 27/3/2017 12:33

What is SNP policy on nationalisation of state assets?

[davidblack] 27/3/2017 12:29

Does Hurricane pay for Scottish independence?

If it does then Nicola Sturgeon will soon be on the case.

That will be PR on steroids!

[rethemagic] 27/3/2017 12:24

I wonder what management were upto in the USA a few months ago?
They were there on company business i believe.Stand to be corrected
if i dreamnt it.