Hurricane Energy Share Discussion Threads

[gibso6767] 15/9/2017 20:07

Perhaps it's about to turn , I'm hoping for FOIL in 2018 , and by 13,14 months .
It seems that Stobie is vocal again and perhaps his crassness ( slug of equity ) where far from Freudian slips and intentional .

[shakudo1] 15/9/2017 19:58

Shabba I believe this will go to a pound ish on the combined strength of the next cpr and the fspo etc starting to be installed. That would be enough for me.I agree completely the flow may be a damp squib but if the cpr is good there will be future opportunities.The risk over flow prevents me from joining the 3 quid fortune telling mob for now.

[puzzler2] 15/9/2017 19:19

You may be right zztop - when slimey Stobie is unleashed to talk to the press, it is likely that his blabbing is part of an agenda (as was the case with the warrants fiasco imo). Perhaps it's time to buy back in here sooner rather than later (despite what I posted earlier).

[zztop] 15/9/2017 19:06

Stobie must know something? ;0)

[ltinvestor] 15/9/2017 18:23

Stobie on Bloomberg yesterday
" Hur talking to potential partners to sell Lancaster stake"
" Hur hopes to bring in partner before end 1q 2018"
" partner would likely be a Major or substantial E&P"
"Hur doesn't expect to be operator after Ist oil reached"
"Hurricanes Lancaster cash generative if oil remains above $20 per barrel"

[nw99] 15/9/2017 17:29

Tipped by Motley Fool sell Glencore buy HUR

[shabbadabbadoo2] 15/9/2017 16:42

shakudo - is it a dead cert though? I agree the bull case is very good, but the wells might not flow at the expected rates. Unlikely to be terminally bad, but not a slam dunk winner.

[shakudo1] 15/9/2017 16:20

Hands up everyone who thinks 18 months is a long wait to double or triple your money. Those with their hands up tell us where there is another fully paid up dead cert.Wind your heads in. Give it rest. Or find another board to bother. Those truly invested here know the score and don't need yo jibber jabber.

[shabbadabbadoo2] 15/9/2017 16:04

I think this will rise a bit up to first oil, and a little more following a successful flow, but nowhere near what some posters expect. The rise will come as the recovery of the oil is proven up over the months and years following.

Of course, any external issues, like a bid, could change things quicker.

[nw99] 15/9/2017 15:48

Tipped again now I hear

[fireplace22] 15/9/2017 15:10

Fair opinion chutes, you carry on.

[chutes01] 15/9/2017 15:08

the stock market will never value the assets in the ground, wake up.
Best to get 6% from RDSB for a year, PMO has interest just now.
This will linger around 30p for months - no interest from the market.

[fireplace22] 15/9/2017 14:55

Until it has been spent its cash, after that it becomes assets. If you think this will loiter at 30p ish until first oil, then its clearly not for you. I happen to think that there will be a gradual re-rating with the additional possibility of a FO (to fund further drilling and firm up more oil)and a remote possibility of a TO. I'm in no rush. The mc may be high but in no way does it begin to reflect the value of the assets below ground.

[stepone68] 15/9/2017 14:31

fireplace, all the cash is earmarked for spend so it can't really be counted as cash. It will all be gone by the time we get first oil.

[zztop] 15/9/2017 14:26

About TechnipFMCTechnipFMC is a global leader in subsea, onshore/offshore, and surface projects. With our proprietary technologies and production systems, integrated expertise, and comprehensive solutions, we are transforming our clients' project economics.We are uniquely positioned to deliver greater efficiency across project lifecycles from concept to project delivery and beyond. Through innovative technologies and improved efficiencies, our offering unlocks new possibilities for our clients in developing their oil and gas resources.Each of our more than 40,000 employees is driven by a steady commitment to clients and a culture of purposeful innovation, challenging industry conventions, and rethinking how the best results are achieved.

[davidblack] 15/9/2017 14:14

I am expecting first oil in 12-13 months and if I am right(?) then we should see this progresssuvely move higher month by month from here.

For me the starting gun was going to be the AZ arriving in Dubai but it would appear the announcement of the FID may have started the process.

We are where we are share issuance wise and yes the FPSO is fully funded so a run from here to £1 would not seem unreasonable over the next 12-15 months.

[fireplace22] 15/9/2017 14:10

...look at the cash on the balance sheet, look at the assets, look at the possibility of a FO, look at the possibility of a TO.

[chutes01] 15/9/2017 13:46

everything has a value, this is now fully valued until close to first oil - 18 months until the hot money gets interested, look at the current market cap !!

[filterwest] 15/9/2017 13:35

Have we found the bottom? I am in

[hopeful holder] 15/9/2017 13:16

Whilst the share price may have halved from its highs, the company valuation has not. Roughly we would be at 56p pre issue But before we had no way of getting oil out of the ground, now we do.I'd say we all knew fund raising was coming but didn't understan impact.But we now have the opportunity of starting to realise our assets. To raise so much money and retain 100 % ownership shows a certain degree of craft. To pull all of the contracts together took some skill.Let's give some credit to the very small team that is HUR.

[nw99] 15/9/2017 13:02

100p target I have doubled up here

[james_jones] 15/9/2017 12:45

RNS:PARIS (ANTI-DOW JONES) - Infrastructure specialist TechnipFMC (FTI.FR) announced Thursday evening that it has won a contract with the British oil company Hurricane Energy (HUR.LN) for the supply of equipment submarines for the Lancaster Early Production System (EPS) project, west of the Shetland Islands. TechnipFMC did not specify the amount of this contract.

PRINCIPAL ISSUES:

-This contract provides for the engineering, supply and installation of construction and installation equipment, including umbilicals, risers, flowlines and the underwater production system.

-TechnipFMC will also install underwater equipment, anchor buoy buoy and mooring system.

-The project will be carried out in an integrated way (iEPCI).

-Agefi-Dow Jones; [phone]; [e-mail] ed: LBO

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