Hurricane Energy Share Discussion Threads

[steve73] 22/8/2017 05:49

Latest on Salvanguard.. As of 40 minutes ago (last marinetraffic update) it was about 80km from Gibralter, moving at 5kts.. If it keeps this up it'll pass through the Straits in about 7 1/2 hours time...

So sometime around 1:30 pm UK time.. if anyone's watching.

[gary38] 21/8/2017 20:17

Lancaster Early Production System (EPS)In parallel with the well operations, the development team spent the first six months of 2016 finalising the concept selection for the Lancaster EPS. They also put in place the contracting strategy required to deliver first oil during H1 2019 and the Lancaster EPS objectives, which are:-- To provide long term production data to confirm the productivity and extent of the Lancaster reservoir to optimise FFD planning and sanction;-- Commence development of the resources of the field in a phased manner, to enhance the understanding of the subsurface, ahead of FFD;-- Deliver an acceptable return on capital invested. Having selected Bluewater to provide the FPSO Aoka Mizu and TechnipFMC as the preferred primary contractors, work commenced in early August with the respective FEED studies. The Bluewater FPSO FEED 1, and subsequent FEED 2 studies, which commenced in Q4 2016, focused on four areas:-- Repair & life extension -- New mooring system and turret buoy -- Vessel & marine upgrades -- Topside upgrades Meanwhile the FEED 1 & 2 studies with TechnipFMC for the provision of the Subsea, Umbilical, Riser and Flowlines ("SURF") and Subsea Production System ("SPS") elements of the project and Well Completions with Petrofac Facilities Management Limited ("PFML"), were also kicked off in parallel. The EPS concept is simple, based on production from the two existing wells, the Lancaster 6 Horizontal Well (205/21a-6) and the Horizontal Sidetrack Well (205/21a-7Z) being completed and tied back to the turret-moored FPSO via individual flowlines. The design, allowing for topside metering of the individual wells, uses dual pod electrical submersible pumps in each well to provide artificial lift as well as providing additional well data from downhole gauges.The key elements of the EPS project are:-- The re-entry and completion of the existing horizontal wells, 205/21a-6 and 205/21a-7Z-- The procurement, fabrication, installation and commissioning of a subsea infrastructure consisting of; twin 6" flowlines, a power and control umbilical, risers and subsea manifold-- The procurement, fabrication and installation of a new turret buoy and mooring systems-- The upgrade, relocation and recommissioning of the Aoka Mizu FPSO -- Future oil export will be by shuttle tanker, with produced gas during the EPS phase being used on the FPSO for either power generation and/or utilities. It is proposed that surplus gas will be flared.

[shakudo1] 21/8/2017 19:59

Playtime over. Everyone scamper in for lessons. Good.

[kirtonender9] 21/8/2017 19:32

GaryYou continue to cut and paste items - "but it won't make any difference to the share price". You seem to be wasting a lot of time posting about deramping, gambling, shorting - none of which I am doing, whereas a short sentence as to why you use charts is all that's required. Perhaps you won't answer my simple question because you don't know why you use charts. The correct and perhaps only way to use charts is to help you time your buying - and selling (oh yes you can sell - after all everyone invests to make money. - or that should be the reason). You use charts but ignore any negative aspects of the charts. As a result you are losing money. I believe you are loaded with HUR shares hoping to pay off your mortgage. You are going to have a long wait.

[gary38] 21/8/2017 18:26

SubsurfaceThe immediate subsurface work plan is to fully evaluate and correlate the Lancaster, Lincoln and Halifax wells. Such work includes detailed petrophysical analysis, fracture picking, reservoir modelling, reservoir simulation and further seismic mapping. The work plan is intended to refine existing analytical techniques, narrow in-house volumetric assessments and establish potential well sites for further exploration and / or appraisal drilling.Output from this work will also feed into the planned 2017 second phase of a revised CPR which is intended to provide an update on resource estimates for the assets not covered in the May 2017 CPR. This new CPR is expected to be completed in late 2017.

[deanroberthunt] 21/8/2017 18:25

heading for low 20's nailed on....

[pcok] 21/8/2017 17:55

So what has changed? FID due when they get back from hols. Major upgrade in CPR later 2017 and EPS on track.

I am hovering over the buy button. Two year view no brainer.

[gary38] 21/8/2017 17:40

Kirt and Racker So get a 5 year old to answer your question as l am not wasting my time answer your 5 year old questions. As l have said before this board is for HUR investors interested in positive HUR discussions not for Traders.

[freddie ferret] 21/8/2017 17:31

Is this going the way of XEL?

[kirtonender9] 21/8/2017 17:10

GaryYou are the only one mentioning daytrading, bookies, shorting. You seem obsessed with it. So I ask you my very simple question once again. Why do you use charts. In your own words. (in other words no cut and pasting). It's so easy to answer a 5 year old could do it.

[gary38] 21/8/2017 16:44

Kirt and RackersThat posting was a mistake but you two posting here is not a mistake just a waste of time because l am not interested in your negitive daytrading,deramping and name calling bookie room talk as you know this board is for HUR investors who are interested in positive discussions about Hurricane Energy .

[shakudo1] 21/8/2017 16:17

Keep gibbering at the weak you muppets. CPR shortly then we head North.

[kirtonender9] 21/8/2017 16:10

Gary Answer my simple question. It's not difficult is it? Why did you post on the other board last week if you say it is for traders which o know for fact it isn't. But you can't deal in facts.

[rackers1] 21/8/2017 16:07

Smart money sold 50-67p folks.Nothing to see here now.

[davidblack] 21/8/2017 16:06

But on the upside 27,000 barrels of oil being produced in late 2018? Early 2019?

Oil at $65 because the shale revolution is faltering

Gives HUR $300m of annual free cashflow

Plenty of drill fire to come?

[gary38] 21/8/2017 16:06

RackersYou are on the wrong board as you know this board is for HUR investors .The other board is for daytraders/shorters / gamblers who are more interested in daily price movements .

[ngms27] 21/8/2017 16:01

The bear case is simplistic.

No farm out / asset sale
The EPS fails to deliver as coning / water cut is unacceptable

That's not a Bear case it's the end of Hurricane a-la Afren.

[rackers1] 21/8/2017 15:49

Oops down she goes again.You are a hapless fool Gary.

[davidblack] 21/8/2017 15:33

Sadly the bear case is being robustly being made by the absence of news from the Company.

Perhaps they are happy to burn out weak retail holders?

[hiddendepths] 21/8/2017 15:16

August blues. Nearly everyone in the city is away..

btw I promised to make out a bear case. It won't happen at the moment. The last thing this needs at present is a kicking from one of its loyal fans!