Hurricane Energy Share Discussion Threads

[davidblack] 04/10/2017 15:21

This nice steady recycling from loose holders to firm feels good too.

[davidblack] 04/10/2017 15:19

My guess is a Lancaster Halifax JV and Hurricane to focus on Lincoln and Warwick where the JV terms will be much more equal. So my guess is if we survive a takeover we will see £3 which becomes £5 if Warwick and Lincoln are as good as reasonably hoped for. It gets better at $65 oil!

A long way to go first though!

[bloodhound] 04/10/2017 15:06

DB - Couldn't agree more (post 26862). When HUR start pumping from Lancaster and if it's the success we all hope and think it will be then things could well get frenetic around HUR. My view is HUR will be taken out or Lancaster sold off very quickly once the FB case is proven.

BH

[davidblack] 04/10/2017 13:54

Good news on the Scottish onshore frac ban which now means that all the focus for oil and gas will stay in the North Sea and WOS.

Kind of the SNP I thought.

[hiddendepths] 04/10/2017 13:49

To put a bit of flesh on the bones - XEL was all about heavy oil which probably worked at $100 oil but at half that level seems way too risky to develop. Hurricane has high quality conventional oil, worth roughly the same as Brent. Per barrel costs are also miles below where XEL's were.

FWIW I looked at XEL several times in the past but it never stacked up for me, even when oil prices were much higher.

[hiddendepths] 04/10/2017 13:37

Luckily XEL is nothing like HUR!

[jimarilo] 04/10/2017 13:29

Of course XEL had a similar take off agreement with BP, but to no avail

[bones] 04/10/2017 12:57

Yes, DB, more than happy to see an auction develop, or a mega-JV.

[davidblack] 04/10/2017 12:51

Certainly plenty of opportunities to "Talk" informally as to how both could profit from deepening the relationship.

I would not bet against Shell wanting a slice of the pie.

Lancaster/Halifax is likely to become the gateway to the region infrastructure wise and that will set the agenda for development in the neighbouring discoveries. In this case infrastructure really does matter and with Hurricane starting the process it will become the M25 of WOS most likely.

[bones] 04/10/2017 12:46

DB.... and with BP contracted to take off 55M barrels minimum from HUR, the match seems pre-ordained.

[davidblack] 04/10/2017 12:24

Indeed BH that allocation of Halifax speaks volumes as to the confidence that the UK oil regulators feel about Hurricane.

Oddly enough it maybe the catalyst for BP, Shell or another super major becoming the partner on the FFD as Lancaster/Halifax as one field are just too big for Hurricane.

Essentially the regulators may have played corporate matchmakers and they in the end will decide who gets to walk down the lisle with Hurricane.

As I said earlier, BP have added almost no oil WOS in the last 10-15 years which cannot please the regulators. By outsourcing that role to Hurricane WOS.

If that is to pass my guess is the JV should happen after the AZ has pumped its first 500,000 barrels, or one month!

[bloodhound] 04/10/2017 12:04

I still strongly believe that the out of rounds licence for HUR regarding Halifax and then BP / Shell moving in right next door is of far greater significance than 1/ The market appreciates 2/ Our current share price reflects. Time will prove this belief true or false of course, we shall see.

BH

[steelwatch] 04/10/2017 12:00

No mire please!

[davidblack] 04/10/2017 11:51

What about HUR and BP, both are going to be significant producers WOS. BP don't seem to have added much production in the last ten years but with HUR as s partner they could take WOS to 500,000 a day, and then mire?

[jimarilo] 04/10/2017 10:56

There have been a few comparisons between HUR and XEL

What about HUR and OILexco ?

[fatnacker] 04/10/2017 09:04

I've heard eating farmed Scottish salmon can cause you to post unsubstantiated nonsense on certain financial web sites

[evilblues] 03/10/2017 23:24

Salmon farming up the west coast of Scotland is decimating wild Atlantic salmon stocks at truly alarming rates, not to mention being one of the most toxic foods you can buy off the shelf. Google it. Scots have sold/are selling to the Norwegians who have long held the cartel on this corrupt industry while Scotland looks the other way. Nothing to do with HUR of course but parallels can most certainly be drawn.

[greenmachine1] 03/10/2017 21:29

Ahhhhhh, F1 I remember you now. You're the guy that makes assertions against the scottish government and when asked to back up these claims somehow disappears.....not worth the bother.

Apologies to all other hur posters but it seems to me that there are a few on here that use any excuse to have a pop at the snp irrespective of how tenuous the link.

[scoobydoo99] 03/10/2017 21:20

F1 - ok, the salmon farming environmental issue - the cages destroy the seabed aquaculture directly underneath and surrounding the cages, the pesticides and quality of the feed have improved in the last 10 years, fish density has improved and is monitored but it's still not sufficient to allow the fish to mature with more natural firmer flesh, and disease is always a big risk.

:)

[greenmachine1] 03/10/2017 21:07

F1 wtf has that got to do with hur?

[f1araway] 03/10/2017 20:48

Greenmachine :What's your take on the salmon farming environmental issue then?