Hurricane Energy Share Discussion Threads

[hiddendepths] 23/11/2017 08:32

jacks - the suggestion was that that was just one of the raft of measures which will be introduced. It'll be interesting to see whether the more detailed Budget detail include anything else or whether we'll have to wait until next year because the consultations will be aimed at getting a lot more of "the remaining 20 billion barrels" out of the North Sea.

[gary38] 23/11/2017 06:45

CPR report release within the next 24 trading days

[laserdisc] 22/11/2017 20:41

we already have tax losses to carry forward, presume that will help when 1st oil arrives that's if we ever get to that stage ,could be more unhappy shareholders Ithaca style, I hope the board and main shareholders here are all sticking together, look forward to next lot of news from management

[jacks13] 22/11/2017 20:08

Not of direct relevance to Hurricane maybe, as it relates to the decommissioning of existing fields,but an interesting development. Does this in any way impact the economics of new field development? Anyone got an opinion? (edit: This arrangement would not only reduce the decommissioning burden on the initial field developer but also increase the sell-on value as the buyer would get a higher tax subsidy and therefore be prepared to pay more.)

‘So what are these "tax breaks?" Well, the commitment to decommissioning was always a joint liability between the operators and the government, both of whom have benefited from the bonanza.
The operator would stump up the cash and the treasury would pay back some of the tax paid over the years.
But it was always assumed oil fields would stay in the hands of big players like BP and Shell until the bitter end.
A lot of fields aren't now making enough money for those oil majors and they want rid. But there are new kids on the block with the skills and commitment to produce the last few drops of black gold who would consider buying fields and keeping them going.
But there's a blockage. When it comes to decommissioning the responsibility shifts to them. Because they've not been around for long, they've paid a lot less tax than the big boys.
And because they can only claim from the Treasury what they've already stumped up, much more of the liability shifts from the government to this small operator. What the panel will work out is how the full value of tax refunds, which would have been paid to the old operator, can shift to the new one.
That move should prompt more of these older fields to be sold and not decommissioned early. It shouldn't cost us, the taxpayer, any more and potentially because it keeps the oil fields producing, it should even benefit the treasury.’

[laserdisc] 22/11/2017 18:04

certainly a lot of stock moving around we have a late reported trade from
11:36:57am
26.50p
828,000 ..... at that time it was 26.38p to sell /bid offer has been in tight range hence its hard to distinguish between buys and sells happy to continue with adding for long term brent still firming

[hiddendepths] 22/11/2017 17:05

Great auction! 634k shares at the ask price.

Looking forward to the "raft of measures" to improve the economics of developing the UK's remaining oil too. Looks as if that'll happen in 2018 after due consultation with the industry. It's hard to imagine that any company will benefit more than Hurricane.

[wessexmario] 22/11/2017 16:34

I see chutes is astounding us with his lack of knowledge again...
HUR can't sell the AM as they don't own it.

[tarny] 22/11/2017 14:51

It looks like the bottom is in!! Back to 30p DYOR, IMHO

[nw99] 22/11/2017 13:51

Who is the seller here ? Large volume

[chutes01] 22/11/2017 13:38

looks poor here, terminal if d/g on reserves ??
the bucket that is AM could be sold off to an adjacent field
those in at 32p are pushing for immediate change

[laserdisc] 22/11/2017 13:24

innovative tax policy that will encourage new entrants to bring fresh investment to a basin that still holds up to 20 billion barrels of oil

[hiddendepths] 22/11/2017 13:17

Budget detail looks to have new tax breaks to encourage field development. Not made explicit in speech.

[hopeful holder] 22/11/2017 13:06

Congrats to HUR on onward last night. Always nice to be recognised for efforts and work done.Separately, bought a few more yesterday as a quick top up. Looking forwards to CPR update whig may ignite more interest in our WoS assets.

[gary38] 22/11/2017 00:01

Hurricane Energy has just won an award for Energy Company of the Year (small cap) at PEAwards2017 .Great news ,well done all at HUR.

[rackers1] 21/11/2017 18:18

HahHha nicely played Gary

[jimarilo] 21/11/2017 18:04

CRS share price down near 40% since May 17

Their holding in Hur having an impact obviously

[gary38] 21/11/2017 17:12

Finished up for the first time in the last few weeks .

[chessman2] 21/11/2017 13:02

Perhaps RT will turn his talk at the meeting into a sales pitch.

The big boys will be there as well so maybe they will pick up on a few things and be a bit keener in coming forward.

[laserdisc] 21/11/2017 11:33

a few big names attending
Premier Oil
Nexen
Maersk Oil
Faroe Petroleum
Siccar Point Energy
Statoil