Hurricane Energy Share Discussion Threads

[nicebut] 27/9/2017 14:57

Funny how when a share price goes up a little, it`s always XX or YY snaffling the shares on behalf of ZZ or BP in this case!! LOL....I don`t believe it for a moment. BP is busy getting rid of stuff not buying more....Someone else may well be sniffing around but that is all they`ve been doing IMO.

Besides...Heard it all before...

[greyingsurfer] 27/9/2017 14:56

PD,

If you look at that slide (6) it shows an arrow going off the page to the right, and shading in from the left in Q1/2 2020.

I'd say that was pretty clearly intended to mean that first steps towards FFD would be taken (hopefully) in early 2020, with FFD taking an indefinite lengthy period beyond (as has been suggested - a decade or more is possible). There's no suggestion there that it would be completed by end 2020.

Appraisal, of course, may not all be on Lancaster or linked to FFD - some may, but HUR has plenty more to appraise!

Peter

[pounddreamer] 27/9/2017 14:42

Thought so - a lot longer than 18 to 24 months then.
Slide 6 implies they have initial thoughts/planning to have conversations with 3rd parties.

[hiddendepths] 27/9/2017 14:29

All depends how they do it. If Greater Lancaster is as big as some of us suspect it could take several platforms, great big pipelines, a receiving station and facilites onshore and so on. A decade is not out of the question unless they do it piecemeal. Of course if the field turns out to be more limited, everything will happen much faster. We really need some production history from the EPS and several more appraisal wells to have even a vague idea!

[davidblack] 27/9/2017 14:27

I would have thought that the FFD is a multi year event which will come in phases. Assuming the numbers coming from Hurricane sound right a 100,000 bpd might become 500,000 by 2025.

My view is based on how big projects can be financed at lowest cost rather than the engineering. But if FFD is going to cost say $50-100bn depending on the eventual size of the fields then getting the financing as cheap as possible is going to have a huge impact on profitability. And that is why a major is a necessity.

[pounddreamer] 27/9/2017 14:16

Does anyone know or have comment on how long FFD takes?
I ask because slide 6 of the latest presentation indicates Farm Out partner identified end Q1 2018 with FFD circa Q2 2020 with appraisal through 2019.
I would have thought FFD would take 3 yrs or so.

[terry hardacre] 27/9/2017 14:02

Indeed - go and hold up a post office with a sawn-off Dan, and then pretend you're something morally and intellectually superior to the common thug that you really are.

[davidblack] 27/9/2017 13:30

No one is interested Dan this is a Hurricane thread.

[daniel levi bmd] 27/9/2017 13:19

FYI

Nostra Terra Oil & Gas Same! Same! Ramp, Pump & Dump to Disguise MORE DEBT!

Dan
x

[kaos3] 27/9/2017 13:15

I am still figuring out about oil pricing. yuan for oil and gold for yuan.

Oil Will be repriced not in absolute terms but in comparative terms. It Will be bought with real stuff not with paper.

Which is good as the oil Cos Will get real stuff if they choose so.

China and Russia expressed interest in buying part of Aramco - and the sale was postponed.

[greyingsurfer] 27/9/2017 13:01

I thought BP said they were going to wait (and see)- IE wait and see what happens with EPS?

Come on NB - do you really think BP, or anyone else, is going to make a statement of intent like that publicly, and mean it? It could happen, there's a logic there - but the logic breaks down if BP, or anyone else got a whiff of someone else trying to get in early and jump the potential queue. We just don't know - but just as I'm not counting on anything major happening before the EPS is proven, I'm not counting on it not happening before either.

Peter

[davidblack] 27/9/2017 12:51

There is a fair amount of stock to chew through still I reckon. Yes 32p was chewed at pretty quick but we are yet to move far from the placing point. There are a few who will take a couple of pennies turn so let's not get impatient.

What is more interesting is just "Who" is building a stake? My guess is that it's an oil company who like what they see and like it more at $50 oil.

Is it BP? Who knows!

[telbap] 27/9/2017 12:46

Same action as yesterday

[pounddreamer] 27/9/2017 12:39

Nicbut.
That might be the BP preferred play - wait and see.
But equally they will not want to loose out to a major competitor in their own backyard.
I think they have positioned themselves to move if and when they have too. They will also be in contact and maybe under some pressure from the government who will not want a foreign player (China) involved. All IMO.

[davidblack] 27/9/2017 12:35

Yep and you believe an oil major would tell you the truth about their plans.

Come one Nicebut you need a trip to the Doc. Clearly not up to your cynical best this morning.

As to what the hell they are up to this morning one can only guess.

For my money being nice to Hurricane is all just a cover while they buy up 15% of the stock from the market and if asked can clearly state that they publically said they liked it, so no insider trading!

But maybe that is being cynical?

[steve73] 27/9/2017 12:30

If the middle east were to "blow-up", oil would be over $300 in an instant.

Anyone remember when Iraq invaded Kuwait...? I think it spiked to about $50 for a day or two from around $12 at the time..

[nicebut] 27/9/2017 12:26

I thought BP said they were going to wait (and see)- IE wait and see what happens with EPS?

This rise is just some ii stocking up- Nothing more IMO.

[pounddreamer] 27/9/2017 12:25

Looks like Minister Paul Wheelhouse is on side.......
hxxp://www.thenational.scot/news/15559452.Major_step_taken_towards_opening_up_oil_fields_in_the_Atlantic_west_of_Shetland

Yes HD.
hxxp://www.aljazeera.com/news/2017/09/iraq-refuses-talks-kurds-referendum-results-170926033646791.html
Looks like Iraq and Turkey are steeping up their alliance against the Kurds.

But then again the middle east has always been a tinderbox.

[davidblack] 27/9/2017 12:15

HD you are in a black mood today!

I do agree the world in the Middle East is about to get more complicated as we head for "Peace."

Oh and yes the big change is Turkey is no longer a predictable. So much for their secure pipeline.

[hiddendepths] 27/9/2017 12:11

pounddreamer - presumably you've noticed Turkey's threat to close off the pipeline from Kurdistan? That would be your 1m barrels a day on its own - Iraqi civil war would take away a lot more than that. I agree that Iraq looks terribly unstable - there are so many Iranian militia in the country now and Iran has been trying to take effective control of Iraq for generations. The militia were integral to removing Daesh but they themselves may well be a new problem. It's a tinderbox.

I would also suggest that you keep a weather eye open for Saudi Arabia. The new guard are taking control (and not just with allowing women to drive) and they are getting heavy, locking up religious leaders, getting close to the Russians and hostile to the US, being savage in Yemen (where there is a proxy war with Iran) and preparing to face up to Iran directly. I wouldn't be at all surprised to see the Middle East descending into a major war with dramatic effects on oil prices. Hopefully the Russians, the US and China will not get sucked in and take sides.

[davidblack] 27/9/2017 11:51

Such optimism, not heard it in a while.

The BP speech was interesting with the warm welcome from the Shell boss from BP particular interesting. The two historic competitors now sound like comfortable partners.

My bet is Lancaster will be JVed to BP and Shell but that it will be just the first part of something much bigger as they look to carve out a home franchise with the tacid support of UK governments.

If this proves to be correct, the JV of Lancaster may be transformative but the bigger upside may well come from Warwick.

Just a thought.

[pounddreamer] 27/9/2017 11:02

Yes HD, If I could pick a Farm In partner it would be BP.
They have obviously spoken to each other and Bob D seems very aware of Hurricanes potential. IMO its just a matter of time.

In the meantime POO is picking up with any number of events ready to cause a spike.
Take your pick.
1. Venezuel imploding taking 1m+ barrels off the market
2. Kurds going independent/ Irag civil war taking 1m+ barrels off the market
3. Iran/US nuclear deal breaking up taking 2m+ barrels off the market
4. North Korea situation going pear shaped.