Hurricane Energy Share Discussion Threads

[jacks13] 30/3/2017 16:34

That's true Hyper and also in those days the offsprings stayed in the same locality as the rest of the family so that siblings could (if willing) share the burden. Completely different world these days.

[dudishes] 30/3/2017 16:33

che7win, could do if they produce!

[telbap] 30/3/2017 16:31

So is tomorrow going to be "C" day? I wonder.....

[f1araway] 30/3/2017 16:24

"Hurricane likely to receive support from the UK Government in light of Brexit",In the light of the possibility of a Scottish independence vote I say give them nothing. Wee Burnie has her eye on, "Scottish" oil already.

[jackthecat] 30/3/2017 16:13

lets hope so, next week will be interesting for sure.

[ileeman] 30/3/2017 15:57

Nice consolidation/sideways action at 58p looks ready to pop soon.

[che7win] 30/3/2017 15:49

Dudishes, Doesn't really apply to you in France though does it?

[dudishes] 30/3/2017 15:41

I'm out of oil. Check your pump prices (last week 120Euro, today 112E). Something does not stack up.

One hopes that HUR will contribute to UK economy.

Maybe then, Doctors could release elderly from hospital to a Care Home (non existent now I believe).

Sham!

[dudishes] 30/3/2017 15:11

G'dy Tel, yep, I'm selective and suspicious! I took part in the ride, but unlike you and few others, not from 9p. That is some crackin job!

Congrats, Wolf of Wall Street, sorry, Somewhere in Cheshire.

Nice to see buds win!

[bloodhound] 30/3/2017 15:03

"I hope the CPR will give me the insight I need to maintain a long term holding."

I'm sure it will: Dr T, under P over D.

BH

[zztop] 30/3/2017 14:53

The hat seems to be readied at 60p?

[terry hardacre] 30/3/2017 13:25

BH - absolutely no argument from me there whatsoever; that's why I'm still invested despite me old mucka Dud's nose twitching - and I hope the CPR will give me the insight I need to maintain a long term holding.I can't even utter the name of the former CEO of GKP without needing to take a shower.

[garymegson] 30/3/2017 13:23

stepone68,

its crystalamberRB1

[garymegson] 30/3/2017 13:22

The Motley Fool

"With the end of the tax year in sight, it’s more important than ever to transfer any remaining cash into your stocks and shares ISA before the window closes. But what to do with the capital when its safely in your account? Here’s one suggestion for all risk-tolerant, long(er)-term investors.

“Exciting times”

What an extraordinary week it’s so far been for oil exploration firm, Hurricane Energy (LSE: HUR).

In addition to announcing its discovery of a 1,156m oil column at its Halifax well, the £680m cap also stated its belief that this was linked to the Lancaster field some 30km away, making for one huge hydrocarbon accumulation and the largest undeveloped discovery on the UK Continental Shelf.

With one billion barrels of oil now believed to be recoverable from the Greater Lancaster Area (located in the West of Shetland), this result towers above the average 25m-barrel finds by companies over recent years.

And the share price reaction? Relatively muted given the significance of Hurricane’s news. While a 7% rise since Monday will no doubt be welcomed by existing investors, I think it’s fair to say that most expected more. However, I believe the fireworks could be just around the corner.

What happens next?

Hurricane’s update on the Halifax well will be followed by the Competent Persons Report (CPR) on the Lancaster well – “due imminently” according to the company. The aim of this will be to provide an independent and unbiased evaluation of the asset. Given that management has already hinted that previous estimations were “conservative“, this update will surely make it harder than ever for prospective investors to remain on the fence.

By the end of H1, Hurricane is also due to provide more information on the Final Investment Decision (FID) for the Lancaster Early Production System (EPS) with first oil currently pencilled-in for mid-2019.

But the news doesn’t stop there. By the end of this year, and having processed all the data collected, Hurricane is forecast to release another two CPRs, this time relating to the currently-suspended Halifax and Lincoln exploration wells.

One to tuck away

To be sure, many questions still remain with regard to Hurricane’s 100%-owned assets. Nevertheless, with both Royal Dutch Shell and BP recently securing licences in the surrounding area (raising the likelihood of a farm-out agreement with an oil major) and Hurricane likely to receive support from the UK Government in light of Brexit, the prospects look bright indeed.

While no company is immune from setbacks, the probability of its shares multi-bagging from here — despite their already impressive 500% rise in 2016 — appears high, regardless of what CEO Dr Robert Trice has planned for the company. The possibility of it receiving an audacious takeover offer is still not out of the question either.

Should this be the case then it’s more vital than ever that investors take full advantage of the fact that all profits made on investments held within an ISA are free from capital gains tax. Failure to do this and any money made above the annual capital gains tax allowance — £11,300 for 2017/18 — will have the taxman rubbing his hands with glee. For those above the higher rate threshold and invested in Hurricane, this could really eat into any returns."

[bloodhound] 30/3/2017 13:20

Terry - I think Dr T is in a different league to Todd Kozel. When you watch/listen to Dr T in any interview he's done, he's always been very mindful of what he says. I have him very much in the under promise over deliver category.....imo anyway.

BH

[bigdazzler] 30/3/2017 13:17

That's the point no one knows if it's true so how can anyone give you RB twitter account??

[stepone68] 30/3/2017 13:10

What is RB's twitter handle?

[cinques] 30/3/2017 12:57

and there is the small matter of raising finance.

However, it will all be okay, because there is a lot of oil here.

[cinques] 30/3/2017 12:56

but there is a lot of oil here, even with an iffy DST.

[cinques] 30/3/2017 12:55

Dudishes

RB's tweets are getting pongy, for sure.

[arcadian] 30/3/2017 12:30

They are presumably trying to maximise its impact at the capital markets day
planned for next week according to RB

[davidblack] 30/3/2017 12:06

Hyper Al

Actually CPR reports give out too much information generally. It allows bidders to know what exactly is under the bonnet and gives them a chance to get a company on the cheap.

And yes it's confidential except in the real world it's not.

[dudishes] 30/3/2017 11:53

WD Tel et al, from 9p to today, wonderful win for many. One will out for now as something does not smell right. My opinion, take or leave it.

GL