Hurricane Energy Share Discussion Threads

[russell250] 21/4/2017 17:55

sorry - enjoy weekend -- have fun

[jimarilo] 21/4/2017 17:30

If it bothers you, just sell

Why wait till your to old, do yourself a favour

[rayrac] 21/4/2017 16:50

Brent price bothers me...then the lack of news and another weekend to wade thru. I'll be glad when I'm to old to bother👉999;😂㈌8;

[laserdisc] 21/4/2017 16:36

excellent closing auction 336,772 UT TRADE AT 57P seemed to be plenty of 50k's on the bid

[rayrac] 21/4/2017 15:35

Could be! But it's good at breaking hearts.👉7999;💔

[gary38] 21/4/2017 15:29

Reason possible CPR news release monday.

[fatnacker] 21/4/2017 15:14

staying in the rising trend

[garymegson] 21/4/2017 15:05

Yep its Friday!!

[russell250] 21/4/2017 15:04

share price creeping up --

any reason for slight move upwards

[leeson31] 21/4/2017 14:43

sorry yes, oip.

[steve73] 21/4/2017 14:06

Leeson... Re. post 651. - I think you're confusing 3C with OIIP...?

They've indicated c.590MM bbl 2C based on 25% recovery.... this implies around 2.4B bbl of Oil Initially In Place.... which is NOT 3C.

Definition of 3C is a high estimate scenario of Contingent Resources (i.e. that which may eventually be recovered)... Now as we've been told that FB reservoirs typically have 20-40% recovery, it would seem reasonable to me to suggest that 40% recovery would equate roughly to 3C... ie. around 1B bbl.

Unless of course you're including the whole of the GLA... in which case I think 2.4B bbl is probably well short of the total potential 3C.

[leeson31] 21/4/2017 13:59

i agree Johnny.

[rayrac] 21/4/2017 13:58

I've said that before trading! A CPR would probably only be of comfort to us as small/medium holders, thereby keeping us keen?👉ӿ99;😜👹;👍🏽

I like smileys etc...sort of breaks the monotony of the printed page? I'll get my 🎩

[rutter] 21/4/2017 13:53

Lancaster's surrounding plots weren't bought on a whim. The t/o subject must have been raised in all boardrooms.

[davidblack] 21/4/2017 13:47

more likely they needed extra time and the agreed date for delivery was this week to talk any issues through and release it next week.

[tradingmyplan] 21/4/2017 13:46

ngms27 - Would be nice if that were the case but given the data room is open I don't see how publishing the CPR would have any impact on farm out discussions.

I think it simply is what it is - the drill took longer than expected so HUR's technical people weren't as available to the CPR people as they should have been.

Your guess is as good as mine though!

[ngms27] 21/4/2017 13:36

What if the CPR is deliberately being delayed due to ongoing discussions around a farm out / takeover from a major? Thats one theory anyway, not saying it's correct but it's something I've personally considered.

[shabbadabbadoo2] 21/4/2017 13:26

What if the CPR doesn't come next week? There will be some mental breakdowns on here!

Should be fun to watch. (Still predict 1p fall on CPR day).

[leeson31] 21/4/2017 13:24

one of the majors in the data room had more technical staff looking at the data, than all the staff at hurricane! hur need a big co. not just for finance synergies/sharing, but technical expertise too..... id be surprised if bp or shell dont partner up with hur...

roll on the cpr next week...

:-)

[haideralifool] 21/4/2017 13:15

Thanks Leeson and BH. Leeson your first sentence sums it up very well.

A large, credible oil co won't really need the CPR, but if we are relying on smaller outfits and perhaps the oil trader (that Stobie referred to in an interview?), then perhaps they might.

[bloodhound] 21/4/2017 13:03

Link about a CPR:

hxxp://gaffney-cline-focus.com/the-competent-persons-report

BH

[leeson31] 21/4/2017 12:53

CPR basically backs up HUR's view, affirmed, you might say, but, in the data-room, the likes of BP. et al, have their own technical team looking at all the data analytics where it could be argued these are the views that matter.

In essence, the CPR gives us a classification, on paper, of the resource/s. Whereas at present, it's all HUR's view by way of rns's.

Also, when a CPR provides a 2P classification, this is the certificate if you will, that can be used by the co. to obtain loans, debt, RBL's, senior debt, etc...

We can look forward to a 2C and 3C classification on Lancaster, and in due course look further to Halifax which will then give us the overall view on Lan-Fax (GLA), the one field, then GWA, and perhaps drilling on Whirlwind and Typhoon, and strathmore.

I'm looking for a 3C/resource figure on Lancaster of around ~2.4billion barrels, and HUr's view that they can recover a min of 20pc and possibly up to 40pc due course, but they've already stated they're looking at ~25pc, which is good, hence they stated 591mmbo recoverables on lancaster, thus the total resource is ~2.4bill barrels..

The GLA and GWA, imo, is a 3C of about ~8billion barrels, min.

cheers

[haideralifool] 21/4/2017 12:41

For the firms that have access to the dataroom, what additional insights does the CPR provide? Apart from another opinion.

[rayrac] 21/4/2017 12:29

Bottom dropping out of Brent. Not helping!

Otherwise...it's a paint or tide coming in and out job.

We need something/someone to put a value on this.

[bloodhound] 21/4/2017 11:11

"Almost a guaranteed profit if your at the table and in the know."

Mmm......

BH