Share Name Share Symbol Market Type Share ISIN Share Description
Hurricane Energy LSE:HUR London Ordinary Share GB00B580MF54 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 57.00p 56.75p 57.25p 57.50p 55.75p 57.50p 6,944,210.00 16:35:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -5.5 -0.9 - 685.63

Hurricane Energy Share Discussion Threads

Showing 20651 to 20675 of 20675 messages
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DateSubjectAuthorDiscuss
24/4/2017
15:41
Solan have used a number of different shuttle tankers to date for about 8 or 9 loadings; currently one every 25 or so days. They connect and leave within about 6-8 hours usually.
steve73
24/4/2017
14:55
steve73 - that would be cost prohibitive - new risers and pipeline laying when really not required just use aoko monu as is - shuttle tanker when storage full , could well utilise solans tanker as it'll be sitting around doing not much anyway , either that or tie up a contract with teekay for one of their two shuttles contacted to foinaven - simples
d1nga
24/4/2017
14:55
steve73 thanks for the info any upgrade would need a permit application
laserdisc
24/4/2017
13:13
Solan has a processing capacity of c. 25,000 bopd. The oil passes to a 300,000 bbl subsea storage tank, which is emptied by shuttle tanker as required. Currently it's operating at around 9kopd from just 1 of its 2 production wells, and this is restricted to natural lift since the ESP failed in Feb. It's planned to replace the ESP with a dual ESP this summer (using our old favourite, the TO Spitsbergen), which is hoped to increase rate to over 10kopd. Plans to upgrade the Water injection system which will allow the 2nd producer to restart are not yet finalized. Synergy for Hur would be to install a c. 15-20 mile pipeline from the Lancaster EPS wells to make use of the spare capacity of Solan until its own production can be increased. There are some issues with wax from Lancaster which may preclude a simple uninsulated p/l. Certainly a short pipeline (with associated control and wax-inhibitor injection umbilical) would be much quicker and cheaper than the FPSO EPSS proposal, although the production rate would be little less, and the availability of Solan may be limited, but the advantage of an "Earlier" EPS would make sense in trying to demonstrate the ongoing reservoir deliverability to potential partners. But of course, I'm sure it has been considered and rejected.
steve73
24/4/2017
13:01
"thegreatgeraldo24 Apr '17 - 11:10 - 19731 of 19744 1 1 Davidblack 24 Apr '17 - 10:40 - 19724 of 19728 0 0 Fireplace that £3bn of debt could easily be refinanced and paid down quickly if the Solan field was able to increase the oil volume. Dead cert. Why not double up with Accrington Stanley to win next year's FA Cup?" That isn't much more far fetched than what actually did happen in this year's FA Cup!!! :-)
impvesta
24/4/2017
12:26
I was thinking umbilicals a control link between a remote subsea well and the production facility at the surface. will do some more research
laserdisc
24/4/2017
12:20
oil remains on downward trend -- range 48-56$ with additional rigs being added weekly in USA - if oil takes a drop to downside nearer 40$ does farmout or additional investment in HUR become more unlikely ?? reliance on rights issue - greater USA in charge not OPEC
russell250
24/4/2017
12:14
Those pipelines are expensive, to buy in capital terms but not expensive to operate.
davidblack
24/4/2017
12:06
& Total's Laggan/Tormore pipeline, but that's probably about full & nowhere near, so not much help to HUR!
thegreatgeraldo
24/4/2017
12:04
From the article linked to above: "Chrysaor and independent upstart Hurricane both operate within 10 miles of Solan’s subsea storage tank and a shuttle tanker for oil which Premier uses instead of expensive pipelines."
fardels bear
24/4/2017
12:00
@laserdisc solan has NO pipeline , the ONLY gas pipe laid WOS is gas from foinaven connecting to quad204 , clair , thence to SVT Magnus and access to NLGP , There's an oil line dedicated from clair to SVT - all BP infrastructure hth
d1nga
24/4/2017
11:56
HUR is essentially a clean company, big assets no debt at the moment. Why would it want to get embroiled with PMO's lenders under any circumstance, they are scum of the earth as PMO's equity holders have unfortunately discovered.
fireplace22
24/4/2017
11:53
see the old chestnut pmo being talked about HTTP://www.telegraph.co.uk/business/2017/02/04/premier-oil-ponders-tie-ups-north-sea/ would think Strathmore is the only consideration though, I don't know what pipelines Solan has around Strathmore 205/26
laserdisc
24/4/2017
11:40
Are you still recovering from the weekend or have you hit the bottle over breakfast?
thegreatgeraldo
24/4/2017
11:40
Thx for the heads up More I read about is hurricane stable
megashareman
24/4/2017
11:36
Me version of it would be that HUR cuts a deal with those bond holders at the same time thus effectively unlocking PMO which wastes years going no where on its own. Hurricane get production assets and people who know how a HUR gets its own clear path to control its own destiny. The end result for HUR is the same, a takeover by BP or Shell but this time at £7 not £1.50! Whilst everyone knows that PMO is a basket case the truth is their misfortune came about because of the drop in oil price not poor management. Everyone else dropped the same ball but most had either a balance sheet to hide their mistakes or were taken out by bankruptcy quickly and forgotten. PMO like Tullow became the undead zombies. Tullow have now managed to change their fortunes perhaps Hurricane could do the same for PMO shareholders and help our selves to their assets at 10c on the dollar? Ps I am not a PMO shareholder, I am more interested in being a charitable vulture!
davidblack
24/4/2017
11:36
AIM is littered with oilers that couldn't pay off their debt when POO hit the floor.. Shareholders massively diluted by wily bondholders... Or worse.. GKP XEL Need any more?
fardels bear
24/4/2017
11:16
Maybe, but PMO's share price performance mirrors the hard time its lenders are giving it without any final sign off in the refinancing proposals. That's why its worth only £300M at the moment. You want HUR to take on these bondholders too or wait till refinancing is settled - but it wont be £300M by then.
fireplace22
24/4/2017
11:10
Davidblack 24 Apr '17 - 10:40 - 19724 of 19728 0 0 Fireplace that £3bn of debt could easily be refinanced and paid down quickly if the Solan field was able to increase the oil volume. Dead cert. Why not double up with Accrington Stanley to win next year's FA Cup?
thegreatgeraldo
24/4/2017
11:09
Because it's a quick route to lock in £3b of production assets without much dilution and would cut years of time to significant production.
davidblack
24/4/2017
11:07
I think he means that it might prevent an untimely and unwelcome lowball offer for the company before any real value is reached..
fardels bear
24/4/2017
11:00
Davidblack, why would Hurricane want to be shouldered with £2B debt even if it could be paid off in some contorted manner. HUR I'm lead to believe is a mainly exploration co. Why would it want to be encumbered with all PMO's baggage?
fireplace22
24/4/2017
10:59
steve they sold some of the NLGP not the WOS line that runs to SVT QUAD 204 and Magnus - that gas line remains firmly under BP control , some of the terminal was pushed across to enq and some of magnus (bp been trying to get rid for years) foinaven currently export to SVT magnus and thereafter NLPG - they are to go to gas disposal when 204 comes online - mainly becuase foin export at higher pressure than 204 so therefore 204 cannot get into line and have NO gas disposal well. BP ARE looking to expand WOS. It all fits quite nicely.
d1nga
24/4/2017
10:52
Looks as though Gary's "feeling in his bones" is only calcium deficiency & arthritis!! lol
enfranglais
24/4/2017
10:41
dinga - BP recently sold some of the Gas line & SVT to Enquest, along with 25% of Magnus (with an option for the remaining 75%), but when Quad 4 comes on stream and also Clair I doubt there'll be much spare capacity for our gas.
steve73
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