Hurricane Energy Share Discussion Threads

[jacks13] 26/4/2017 14:33

One of the issues the Lancaster 7 Wells was intended to clarify was the Contingent Resource range (which had previously been estimated to be in a range from 62 to 456 MMboe), available to the EPS. The Lancaster 7 fully analysed results and their interpretation in the CPR appear central to any farmout/funding decisions by interested parties.

[davidblack] 26/4/2017 14:00

The principle benefit from this CPR is that the lenders require it ahead of the financing so as to run their own risk modelling.

BP will know more than the Competent Person anyway! And will do their own internally.

[garymegson] 26/4/2017 13:06

Agreed laser, they closed the data room to prove OWC and Aquifer which from my memory where the main sticking points.

[the sage] 26/4/2017 12:57

Good point, Laser.

[leeson31] 26/4/2017 12:52

anything over 59p on a closing price basis is a breakout.. need vols though too ideally... and news shud provide that :-)

[laserdisc] 26/4/2017 12:42

if the same participants were at the table last year prior to farmout talks being suspended then most of dd will have been done

[the sage] 26/4/2017 12:37

With regard to Hur sitting on the cpr while in discussions, wouldn't that company have to do DD on Hur which would take some time?

[control1] 26/4/2017 12:34

Must be close...?

[the guardian] 26/4/2017 12:08

A record closing price today please and then the CPR to take us to newer highs, followed by a farmin or take out from BP. That's not a lot to ask!

[wildchild] 26/4/2017 11:22

Do these small volumes mean that every man and his dog has been made an insider and can't deal ?
Except for us small P.I's , who are always last to know.

[jacks13] 26/4/2017 10:32

The Preliminary Results for the full year ending Dec 2016 are due any day. (The Dec 2015 Preliminary were out on 18th April last year.)

[adam] 26/4/2017 10:12

Maybe CA inside?...

[buzzzzzzzz] 26/4/2017 10:05

Chessman

I agree re over spending....it would jeopardise her majority and endanger Brexit.

[davidblack] 26/4/2017 09:36

Have you noticed the volume has now dropped significantly.

It would appear that the natural sellers other than CA have done so and that CA has for now stopped.

Bodes well for the next big move, hope Lu upwards?

[davidblack] 26/4/2017 09:22

idleduck RPS do set the pace and that is their right to do so as the Qualified Reporting Person.

I am sure Dr Trice has had the draft CPR in his hands for a couple of weeks and they are negotiating on issues which have arisen which are most likely about estimation and recovery. That's just the process.

Once that is concluded RPS will take out their pen and sign but they do so on their timescale not Hurricane's.

If Hurricane don't like the Service they are free to change to someone else next time.

So it just a case of being calm and waiting.

[chessman2] 26/4/2017 09:08

I agree with you ngms and am looking forward to a prosperous year.

Strangely enough I also agree with your reasoning behind the election call. I'm more convinced than before that the overspending in several marginal seats was about to be punished.

[control1] 26/4/2017 08:44

People been pretty patient about it to date but it is about time for an update from the unofficial mouthpiece (Malcy) about timescale to avoid the gnashing of teeth starting if we drag over into next month...

[garymegson] 26/4/2017 08:38

If they don't have receipt of it I would doubt we would see it this week.

[fatnacker] 26/4/2017 08:33

I can't see that being the case

[leeson31] 26/4/2017 08:30

in receipt, but being used for farm in talks, maybe...

[rutter] 26/4/2017 08:18

Do you think that HUR are in receipt of the CPR already, and witholding its release ?

Or do you think that it's still being compiled.

[buzzzzzzzz] 26/4/2017 07:30

Go Jonny Go Go GO!!!!

I agree 100%

I don't know much about the technucals

But

It's a huge find, it's in the UK (for now) what could be more attractive.

[dave19w] 26/4/2017 07:25

Hi Steve,

5-10 Billion is just such a wide figure, and of course the spend would be offset by earnings on the front end while they continue to spend, the fact is that even with those costs they stand to make a huge amount of money over a relatively short amount of time. Anyway we can debate that till blue in the face. The fact is that any super major with interest here will do what is best for them and dangle whatever carrots in front of the HUR management that they think will entice them to part with all or part of the company. This in my opinion may not happen soon but is likely to happen eventually.

The case you make for Shale is true it is cheaper than offshore, and less fruitful, but also much more expensive than conventional onshore drilling with more environmental concerns. I believe that it will peak eventually but in the meantime as the offshore reserves deplete this will far overtake any additional O&G produced from Shale. Don't forget that current global daily consumption of oil sits around 96 Million BPD and rising. Things can change fast. I don't think Renewables are too close to taking down the oil industry, there will be a slow introduction as the technology progresses. Some countries are still burning coal to power themselves and energy shortages are wide spread in India and all over the world. All IMO of course.

[ngms27] 26/4/2017 06:54

I entirely disagree. HUR will be taken out for greater than 200p per share before Santa makes an appearance.Majors need reserve replenishment following years of austerity.