Hurricane Energy Share Discussion Threads

[ngms27] 29/3/2017 07:16

The CPR should be recoverable barrels not oil in place

[leeson31] 29/3/2017 07:12

the cpr is for lancaster only, but the extrapoloations wil be that halifax is around ~2x bigger than lancaster, and to note that lincoln is slightly smaller than lancaster, but also that lincoln is one field with warwick.. basically two huge giant fields.... cprs for lincoln and halifax later in H2...

once we get cpr on lancaster, say ~700mmbo 2C, you'll know halifax is ~1.4b 2C thus the field is ~2.1b 2C and probably ~5b+ 3C then its down to recoverables, which seem to range from 20 to 30pc... id go with 25pc recoverable on ~5b barrels being over 1b barrels up for production, and thats from GLA, not to mention the resources from GWA!

[darcon] 29/3/2017 07:07

Presumably once the updated CPR is published for Lancaster we will be able to extrapolate its conclusions to the GLA or would any expect any such potential extrapolations to the GLA to be already covered by this coming CPR?

[gary38] 29/3/2017 06:13

Thanks Leeson and totally agree with all your post.

[leeson31] 29/3/2017 05:37

the latest update in regards to the Lancaster CPR, is from Monday, where it states, "The Lancaster CPR is due imminently". imo, that's days.....

I'm assuming they'll give at least a 2C figure which will be quite high ie hundreds of millions of barrels, but also give a 3C figure which will be billions, then the next CPR will be for Lincoln and halifax towards the end of year. The ultimate 2C and 3C figures imo will be astounding.

Seems clear to me, given the volumes this week the II's are playing the SETS book to accumalate, once they've had their fill i think we'll see the price naturally flow much higher.

This isnt just a massive discount NAV to share price play, there's the EPS too where we know there'l be a deal with a major, this will mitigate technical, and cash risk, as it will reduce HURs' need for cash from the $400m capex required in return for a stake within GLA.

Look at the chart, we all know prices dont go up in straight lines, and the steeepness of HURs' graph is bullishly steep, seeing higher highs, higher lows, increased massive volumes at the ATH breakout levels........... you couldnt wish for a better play and setup.

bit of patience will pay off here big time.

[gary38] 29/3/2017 03:02

ObmujCan you send me the link when AS aaid that CPR would be after Q1.

[bloodhound] 29/3/2017 01:13

The whole share price thing to me seems, well, odd. What are we 2 or 3p ahead of what we were pre Halifax. Surely Halifax as a stand alone well success should have put us into the 60+p range but to have Halifax and Lancaster connected and only be up about 3p...!

If proactive or Malcy ever do another Dr T interview please ask him about the share price and what's really going on! Same thing for AS on the Vox podcasts he does relatively frequently.

I can see the CPR for Lancaster (which should be stonking) pushing up to at least 60p again before we hit yet another wall of selling dragging us back to 56p or something ridiculous....!

Anyway, time for bed, nighty night.

BH

[zztop] 29/3/2017 00:37

Gawd.... +ve bbAt last

[zztop] 29/3/2017 00:36

Sorry phone post.Sp up +very bb

[zztop] 29/3/2017 00:35

Strange share price down -very bb share price up 0+

[obmuj] 29/3/2017 00:31

The CPR may be sometime "after" end q1 not necessarily "by" end q1. A.S. Has stated this clearly.

[control1] 28/3/2017 23:48

Just caught up with today's 200+ posts. I really hope that we get the CPR this week but as I am supposedly on filter, someone explain to poor old Gary that CPR's do quite often take longer than anticipated and just because the company said 31/3, it isn't cast in stone. It will be ready when it's ready...

[nicebut] 28/3/2017 23:39

Exactly...Don`t be greedy Mr T. Seen so many minnows hold out only to get screwed by geo politics, PoO or both.

[rayrac] 28/3/2017 23:37

I think the big problem with HUR, is the 100% holding. They are not big enough to develop those huge finds through the lack of financial power and one way or another they have to go cap in hand to the finance boys, or they are exposed to the machinations of the BP's, Ie the big boys.

BP and Shell can play a waiting game. Although HUR have this huge asset, they are in a very tight spot when it comes to development of that asset. Cash is king and one way or another they will have to concede to the power of that cash.

Which undoubtably affects shareholders with dilution, or it's a wait for HUR to go it alone in a smallish way and for us to be patient?

[cinques] 28/3/2017 23:35

Let's hope the BoD is a bit more switched on now - they certainly seem like they are (and Kerrogen will help.)

[cinques] 28/3/2017 23:32

They will be annoyed for sure. And they know it's probably CA, ie, the fund that helped them out of a hole of their own making.

Back in June/July 2014, when the share price was riding high at 52p or thereabouts, they should have done a placing of an extra 15%.

People said at the time, but then the drop in PoO caught them out and left them nearly bust and prey to CA and Kerrogen.

In truth, Kerrogen may turn out to be a long-term blessing, but CA are certainly causing the shareprice problems.

[idleduck] 28/3/2017 23:30

i'm quite sure that Trice & Co feel let down by the Market!
In the context of the NW Europe Continental Shelf HUR's performance as a hunter of new resource has been pretty much second to none, and way out front among the juniors. Thre simply isn't anotehr company to touch it

[bloodhound] 28/3/2017 23:22

So 10p up on Lincoln + (Halifax & Lancaster connected). Obviously management are thrilled with the drilling campaign as we all are.

I do wonder how thrilled Dr T & AS are with the current share price though? Is the share price what they want right now given the forthcoming FID? Or are they spitting teeth at the lack of share price performance given the Halifax/Lancaster result.

BH

[dsmith57] 28/3/2017 23:03

Relatively new to Hurricane. Looking at the chart can any of the LTHs give me a rundown about why the share plummeted from outset and the languished for over a year before the huge rise? Thanks in advance.