Hurricane Energy Share Discussion Threads

[laserdisc] 02/1/2018 20:28

can confirm 80 days to commence the shipwatching

[bloodhound] 02/1/2018 19:52

"When will the lousy share price recover?"

I think the appointment of a quality new Non-Executive Chairman would help kick start the recovery process.

HNY all.

BH

[leoneobull] 02/1/2018 17:52

When will the lousy share price recover?'

[geordy2] 02/1/2018 10:01

of the four partners I would postulate that Chevron are less risk averse than the others.

I bet partners meetings are fun, I would love to be a fly on the wall when HUR is discussed, none of them will be open with their real intentions/opinions, unless the partnership intends to bid for Lancaster et al

G2

[geordy2] 02/1/2018 09:57

The Clair Partnership comprises four partners with the following fixed equity interests:

BP - 28.6%
ConocoPhillips - 24.0%
Chevron Corporation - 19.4%
Royal Dutch Shell - 28% (including 9.3% interest obtained from Hess in a swap in 2009

[rackers1] 02/1/2018 09:15

great performance last year gary. down what 40 pct ?

[davidblack] 02/1/2018 08:21

BP have the inside track here. The current chairman worked for them for decades. Plus the BP consortium are the other half of the Rona Ridge so they already understand the complexities and the upside.

[gary38] 02/1/2018 08:20

Welcome in HUR 2018 first day trading and the start of a exciting year for the company and investors as we push ahead to FOIL.

[gibso6767] 02/1/2018 07:41

whenever there are rumours ,possibilities of a JV or FO the Chinese are always mentioned ,as are either chevron or other members of the seven sisters.


surely BP or im going for IIs involvement ,that's if it happens

[zztop] 02/1/2018 00:23

Chinese er...no.

[gary38] 01/1/2018 10:56

Happy new year to all Hurricane Energy investors .

[geordy2] 31/12/2017 19:08

I have a suspicion that the farminee will be Chevron

[mrwaite] 31/12/2017 17:03

I'm inclining towards the view that we will see a farm-in from an unexpected US source. If this happens it is most likely by mid-2018.

[twixy] 31/12/2017 16:10

Good luck all for 2018 and fingers crossed our HUR milestones all come in ahead of our own individual schedules.

As Usain Bolt once said ‘it’s a marathon not a sprint’.....Dyslexia just told me...think she might be a counterfeit - very cheap :-)

[anley] 29/12/2017 17:16

Good and true last point.........

[davidblack] 29/12/2017 16:32

Zztop for me less than £2 would be cheap.

It could have been £3 if they had done the placing nearer 50p!

But the AS death warrant shenanigans killed that.

We have a monster oil asset here, in my humble opinion.

On RB, he would happily sell if he sees a decent profit. Why wouldn't he?

He has publicly stated that he thinks the current board are "Below par."

Then he can move his enhanced cash to another undervalued play where he has faith in the management.

And if RB is a seller then that substantially negates the voting strength of Kerogen in a bid situation. But they know that and are likely to be very accomodating to his request that corporate governance be strengthened. Its most likely an issue they also would like to see brought up to proper standards.

[gibso6767] 29/12/2017 16:10

I’d like to think that Kerogen and CA wouldn’t go with that also other ii and HNWIs holding HUR ,

[zztop] 29/12/2017 14:53

DavidWhat would you say a cheap t/o would be60p?Tia

[davidblack] 29/12/2017 14:05

Hi Peter

On the fund raising I think we might get away with it, hopefully. But let's be clear the idiotic process of collapsing the share price from 60p and then issuing hundreds of millions in high yielding convertible bonds where the income could be stripped out by selling the stock into an already weak market share market left this company very vulnerable to a cheap bid any time between now and first oil. The choices made were reckless.

The one thing that will guard against a cheap take out prior to first oil is getting the stock back up to reasonable levels. That is not going to happen unless Trice and co go out and sell the story to buyers of shares not just industry gatherings.

Lets hope the FPSO and first oil come quickly and protect the shares, in the end that would be tangible protection.

[greyingsurfer] 29/12/2017 13:51

DB,I think we can be pretty sure Trice is concerned about the exit price. I don't think there's much doubt cheap FO offers have been on the table, and refused.Had they been accepted you could have been complaining about the FO deal instead of the equity raising price! It always had to be one or the other. And I think history will show, in a year or two, that the equity raise was the right way forward.And I think every chance of a happy new year for HUR holders, 2018 won't be the end of the story, but I'll be surprised if we don't see a reasonable amount of progress on many fronts, including the SP, this year.Peter

[davidblack] 29/12/2017 13:48

All nice advertorial but the simple fact is that the BOD reduced the value of the shares by 38% over 12 months.

On the move to the Main Market, take that if a very large pinch of salt if you are hoping for it to "Happen shortly."

[davidblack] 29/12/2017 12:28

Simply this year is operational success which was destroyed by predatory corporate finance and a naive board. With the conclusion for the year being supplied by the resigning chairman saying he didn’t think the Rest of the Board were up to the task of running a whelk stall!

Let’s hope the operational elements save the day in 2018 without a cheap bid turning up. My big fear being that Trice simply doesn’t care about any exit price just as long as the incoming party allows him to continue to play geologist and he ends up with a Knighthood for services to the Scottish treasury!

But hopefully the FSPO will come early and save us from a 50,60 or 75p bid?

[gary38] 29/12/2017 11:24

As we enter 2018 with only 12 to 18 months left to FOIL who is going to get in and partner with us or buy us out first.2018 is going to be another exciting year for Hurricane Energy as we get closer to. FOIL.