Hurricane Energy Share Discussion Threads

[fireplace22] 11/9/2017 08:49

zztop, HC's will always produce carbon dioxide.

[zztop] 11/9/2017 08:34

Cannot see battery powers ships atm

[zztop] 11/9/2017 08:33

Hydrocarbon use will be as clean as electric in the future through technology advances imo

[rayrac] 11/9/2017 07:39

In the meantime, the Third Worlds demand for vehicles wil rise much more than can be covered by electric demand. The range/distance for electric vehicles will always be restricted by what can be installed in a battery, so medium/long range driving demand will favour hydrocarbons for decades.

[extrader] 10/9/2017 18:50

Hi all,

From FT Energy source, quoting recent Shell presentations :

..... Shell’s analysts ....... find it very hard to see a peak in oil demand emerging before the 2030s, and even then it will be only if “all the stars are aligned”. For all the excitement over electric vehicles, Shell expects them to have little impact on oil demand in the coming decade. A rise in electric car sales from less than 1 per cent of the world market next year to 10 per cent by 2025 would displace less than 800,000 barrels per day of world oil demand, or about 0.8 per cent of total consumption.

This 0.8% compares with the current depletion rate (natural decline in production) of about 3-4% p.a.

ATB

[zztop] 10/9/2017 18:39

Great thanks laser....

[laserdisc] 10/9/2017 17:37

SALVANGUARD TOW AM
Position: 26° 32' 14" N, 34° 50' ;52" E
Last seen: 2017-09-10 16:47 BST
Location: Northern and Central Red Sea, EG
Destination: DB UAE
ETA: 2017-09-29 09:00 BST
2017-09-0918:10 BST
Destination changed
New destination: DB UAE
2017-09-0918:10 BST
ETA changed
New ETA: 2017-09-29 08:00 UTC

I now receive updates at 4pm daily ,i can copy here the details when posters need to know, otherwise I propose updates weekly

[chutes01] 10/9/2017 17:33

Bottom line - if the field is decent and EPS is on track they probably will be taken out
Talk in Aberdeen last week surrounding a bid

[greenmachine1] 10/9/2017 16:35

Cyan, two years ago the question was asked and the answer was "no comment". The question was regarding TO and not FO.

[cyan] 10/9/2017 15:45

Hi kinkell

If you ever attend a shareholders meeting it might be interesting to hear what management say if asked directly about possible farmout offers.

[cyan] 10/9/2017 15:36

greysurfer,

From memory didn't XEL have some conventional bonds initially but as progress towards development slipped away they had to issue SECURED bonds to pay off the earlier issues and stagger on?
Again from memory; their interest rates were double figures; much higher than HUR's.

Raising the money with 7.5 coupons was quite an achievement here, I hand you that.

For me the book is still out; massive success or just another what could have been dream undone by this or that circumstance. A bit of a wait to find out.

[kinkell] 10/9/2017 14:59

HI Cyan,

Confess I always thought an early bid possible but very unlikely. However a farm-out seemed much more possible and what I intended to suggest was they may have had such an offer but found it unattractive - especially with the prospect of raising all the funds being supported by their principal shareholder in particular. I would not have expected an RNS to say that they had rejected a farm-out and we do not know whether or not such an opportunity occurred.

[geheimnis2] 10/9/2017 14:49

Thanks pal

[extrader] 10/9/2017 14:23

Hi Geheimnis2,

Welcome ! A good place to start your research would be the company's website www.hurricanenergy.com, where you'll find loads of useful info, including a description of EPS and why it's important.

Good luck !

ATB

[geheimnis2] 10/9/2017 14:10

Hi folks - new here and starting to research

Could anybody possibly take the time to explain what EPS is and how it impacts the risk profile of this investment

Tia

[cyan] 10/9/2017 14:08

I have quite a lot of time for Malcy and his views and occasionally taken flack elsewhere for linking to his views. With HUR, however, I have taken a little issue with his previous exuberance regarding HUR. I believe he over hyped and hence the share price went to premature highs oblivious to risk factors which I never saw him mention; maybe I missed them.
I sometimes got the impression that some investors had HUR firmly in the 'slam dunk' absolute certain success box.
Standing back with a cool head one should ask the difficult questions; why no farmin and no cash from big oil; will FB flow as hoped; If POO collapsed and flow rates are problematical could HUR fail completely and the bond holders do what they did to XEL.
The share price is at a more modest level and I expect it to drift before it gets better.
I will keep a watching brief and play elsewhere for now. GLA

[extrader] 10/9/2017 12:51

Hi Peter et al,

It would be no surprise if HUR got taken out once EPS data starts to become available.

Although HUR has run a tight ship up til now - arguably , too tight for some ! - I can't believe that they'd be able to run post FOIL for the 'preferable' 6 months without some early 'scuttlebut' and maybe even some 'informed' trading : when you consider what's at stake, early access to info will literally be worth millions, either way...

Someone, somewhere, will talk.

ATB

[greyingsurfer] 10/9/2017 12:44

Absolutely, cyan. The big risk is does the EPS work as expected? That's why the EPS is essential, and why acceptable terms for a farm in haven't been forthcoming - yet.However, that is also why the share price is where it is and not several times higher, and that HUR still exists as an independent company If you believe, as I do, and the company clearly does, that the odds are good that the reservoir will behave as expected once the EPS is running, then HUR is a good investment at these prices.It's true that we have 18 months or more to get data on performance, but I think as we get closer there will be closer attention paid to the story, and quite possibly a farm in.The safer course is probably to wait until the EPS has been running for some months, but you will miss most of the potential rise if you do that - and quite possibly/probably - all of it. It would be no surprise if HUR got taken out once EPS data starts to become available.Peter

[cyan] 10/9/2017 12:00

Hi kinkell; I had pondered that. Surely we would have had some indications. Standard practice is for an RNS along the lines that 'HUR are in discussions with XYZ company. these discussions may or may not lead to an offer'.
That would be a very promising formal notification.
Less formally I suppose there could have been some 'mulling'.
Maybe it was sheer greed on the part of HUR management.
An interesting question for the management; 'did you turn your nose up at an offer?
I veer towards the suspicion there wasn't any. Perhaps HUR management will clarify. An interesting question indeed.

[kinkell] 10/9/2017 10:56

It may have been failure to agree terms - we do not know.

[cyan] 10/9/2017 10:40

For a potential investor like myself who have followed the story so far I see two serious risks;
Firstly , the price of oil. Its hard to predict what POO will look like in two years but, I suspect we are past the worst and a slightly better POO in two years seems more likely than not.
The second risk is, for me, the biggie. Its whether the oil in the FB will flow long enough ; the depletion question.
We know there are other unexploited known fb fields in UK waters that have not been developed. HUR is a trail blazer. What has held me back is the lack of a farmin from any major. Big teams poured over the data and walked away. May be they are overcautious; simply called this wrong and HUR will coin it in. I work on the principle that they are FAR smarter than me and if its not for them should I be taking the risk?
Its not a question of whether the oil is there in volume; its geological for me. The rocks are extremely tough out there. If it becomes a matter of more drills to keep a flow rate then field economics are looking less good.
What was it in the data rooms that the majors did not like?
In due course we will see if they made a bad call.

[haideralifool] 10/9/2017 10:14

My big fear isn't renewables. It's a wider market correction between now and when HUR starts to deliver. From previous experience no sector will be immune.

[laserdisc] 10/9/2017 10:05

AM will be in DB UAE
in 2 weeks
Lat: 27° 11' N   Long: 34° 19' E
Signal
Vessel in live coverage
Position Received
10 Sep 2017, 08:39 UTC

29 minutes ago
Speed
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[telbap] 10/9/2017 01:01

News of fspo on its way to site will move us up. Then we'll re-entry and hook up will move us move then live time flow rates will do the rest.So really it's time/ patience x luck # bopd.