Hurricane Energy Share Discussion Threads

[iqboeq903] 19/11/2024 08:22

Looking to buy up to 3.78m Prax DCU2 & DCU1. Will pay 1.79p per DCU. Tx.

[emrysiorweth] 13/11/2024 20:49

no they haven't

[super95] 13/11/2024 18:55

Looks like LSE have deleted HUR.

[laserdisc] 16/10/2024 13:23

Restricted Manoeuvrability as i post flight landed14:13
Edit Altera Thule departed after approx 26 hrs draft on leaving to Finland was 12:4 draft so looks likely full load between 540 -520. Bof oil. So if we work from 16thOctober production 6 k daily next offload early January We have certainly 1 offload bagged for March 25 dcu payment. Dont know how many days maint occurred during August / Sept so it’s thrown my calculations on the offloads.

Super 95 7.71p received so far to 30/9/24
Add projected from your calculation 2.32p just from TOTAL /PRAX deal completing March 25
Plus March 25 Lancaster oil .005p ESTIMATE S
September 25 lancaster o.008p
March 26 lancaster. 0.005p
TOTAL maybe coming over future months/years 4.12p
Gives 11.83p
These are only estimates but we may get still full value from the dcu,s of 12.50p

[laserdisc] 15/10/2024 15:18

super95 appreciate your post thanks for heads up on Altera Thule
Draught:
9.6m

[super95] 15/10/2024 07:41

On announcement Prax reported that current production (for FY 2023) for TotalEnergies’ interests (in the Greater Laggan Area) is at about 7,500 barrels of oil equivalent per day, made up of around 90% of gas, and upon completion of the transaction, which is expected in Q1 2025, Hurricane Energy Deferred Consideration Unit holders will commence to receive a 17.5% gross revenue royalty from the acquired assets, according to the terms of the DCU deed.
If we assume that the deal completes no later than the end of Q1 2025 I have calculated it could be worth 2.326p per DCU. There are various factors which will determine the eventual return, namely the decline rate, the oil price, the gas price and the sterling dollar exchange rate.

[super95] 15/10/2024 07:36

Altera Thule due Lancaster today

[texaschaser] 14/10/2024 11:31

LMAO. Fat chance Rodders.

[fat frank] 03/10/2024 09:10

Yes you're right, 7,500 a day. So the DCU payments should double to 1.5p ish every 6 months?

This time next year, Rodney, we'll be millionaires!!!

[laserdisc] 03/10/2024 08:13

Expected completion Q1 2025



Energy voice link says here 7500bopd

[fat frank] 03/10/2024 07:58

Hi Laser, understood. Production figures are holding up well.

Do you know what the timetable is for Prax to take over Total's assets? My understanding is that this will add 9,000 bpd to production.

[laserdisc] 01/10/2024 14:49

Fat Frank it could be i have missed an offload as this link now updated this morning shows production in August of 6400 BOPD this needs to be clarified
on that basis the Aoka Mizu would be overloaded by now as it can only hold 600000 in tanks

[rahosi] 01/10/2024 13:51

I assume that means, after the final payment the DCUs cease / have no value AND A CAPITAL LOSS CAN BE ESTABLISHED.

[laserdisc] 01/10/2024 07:36

we could get payments until 31 March 2027.

1 April 2027
being the "Expiry Date

The DCU'S will continue to the EXPIRY date 1 April 2027

The projected no guarantee amount still due via payments from the Dcu's over the future years till expiry is now 4.79p
no certainty over receiving this amount

[p winky] 01/10/2024 06:56

Anybody able to explain simply , what happens after all the scheduled deferred payments are made? Thank you in advance

[rethemagic] 30/9/2024 17:24

My DCU money is now showing on my ii account

[laserdisc] 30/9/2024 10:49

Lancaster Field
Total barrels sold in period 1,440,091
Total cargoes sold in period 3

So the Tanker watch was not far out in estimates by 3%
5/1 534,000
25/2 324,000
1/6 539.000 TOTAL 1,397000

[fat frank] 30/9/2024 08:58

Gross Revenue (USD) $116,221,083.78
Revenues received by the Hurricane Energy Group* during that Half-Year on
a cash basis for the sale of Relevant Hydrocarbons (expressed in USD)

Less reasonable fees and/or costs properly incurred by the Hurricane Energy Group in respect of:
Transportation downstream of the Lancaster FPSO of Relevant Hydrocarbons $(3,043,813.86)
Transportation downstream (other than from the Lancaster FPSO) of Relevant Hydrocarbons —
Other freight, port charges, inspection and testing and outturn losses in respect $(380,306.95)
of such Relevant Hydrocarbons
Marketing of Relevant Hydrocarbons $(216,510.00)
Any portions of revenue over which third parties had existing royalties
or net profits rights when acquired by the Hurricane group —

Net Revenue (USD) $112,580,452.96

GBP:USD exchange rate as at 13:59 on 09/09/24 per HSBC 1.3085

Net Revenue (GBP) £86,037,793.63

Deferred Payment £15,056,613.89
Equal to 17.5% of Net Revenues (GBP)
Deferred Payment per DCU £0.00756

[ctc1] 30/9/2024 07:02

different because cheque posted early, no delay.

[laserdisc] 29/9/2024 06:56

Total received so far is 7.71p to 30 Sept 24. the PROJECTED no guarantee offer for Hur was 12.5p looks favourable for DCU holders going forward especially if Prax complete the deal with TOTAL about 7,500 barrels of oil next year. Lancaster was producing 5980 BOPD July24

[marmar80] 29/9/2024 02:34

How different?

[ctc1] 28/9/2024 20:53

Received my cheque already. Different to last year, what!

[laserdisc] 26/9/2024 10:25

from the other thread Halifax confirm 0.756p

[fat frank] 22/9/2024 10:16

Thank Laser