Hurricane Energy Share Discussion Threads

[gary38] 21/11/2018 14:59

What price did you get.

[francis55] 21/11/2018 14:42

Another 40000 shares bought.

[davidblack] 21/11/2018 14:40

Nice to see the stock nibbling a little higher.

Now the question might be asked

“Is this just moving on the back of the POO?”

Or maybe

“The first signs that the market is recognising that a exploration stock that is moving to become a 20,000 bpd producer in the next few months might carry a larger valuation?”

Place your bets!

[whiteslice] 21/11/2018 13:26

hello 31: see link below to a more recent report from the same source

energyvoice.com/oilandgas/north-sea/186445/hurricanes-lancaster-fpso-still-on-track-for-hook-up-by-christmas/

courtesy of littlemissdosh via Korvet on the 19th of this month

[thanksamillion] 21/11/2018 13:23

From Dr Trice.

“And even if it’s on Christmas Day we’re keen to get it out there!"

This is saying that they are expecting a hook-up prior to Christmas, and direct from the horses mouth, forget January.

[wish i wasnt in rbs] 21/11/2018 13:21

Bit of short closing to propel the share price upwards?

[liverpool01] 21/11/2018 13:02

Thx Hello very much appreciated

[bocase] 21/11/2018 12:44

Hello31:

Nice to get the update. Everything looking good for first oil weather permitting.

[hello31] 21/11/2018 12:21

energyvoice.com/oilandgas/north-sea/183837/hurricanes-lancaster-field-could-get-first-oil-early-next-year-says-analyst/?sso-c=MC44NTc0MzYwMCAxNTQyODAyMzA2

"The analyst added that there is little by way infield commissioning which could hold it up further.

These have held back other projects such as the Athena and Stella fields run by Ithaca Energy in the past.

He added: “The hookup is only likely to be delayed by bad weather, given there is little in the way of infield commissioning required,

“We estimate that this could be early in the year, assuming a straightforward hookup and final commissioning process.”

[hello31] 21/11/2018 12:02

energyvoice.com/oilandgas/north-sea/186445/hurricanes-lancaster-fpso-still-on-track-for-hook-up-by-christmas/

". ........If conditions are poor, then back-up planning includes that FPSO transits to Lerwick, Shetland to wait on weather. From there it’s only a short run to Lancaster when conditions become calm enough … up to 2m seas are acceptable.

“Weather forecasting for West of Shetland is generally excellent within a 5-7 day window. Whilst we’re in Rotterdam we’ll be monitoring the weather in detail, waiting for an opportunity to go,” said Dr Trice.

“We need six hours to achieve hook-up … 12 hours tops. Even in tough winter weather there are periods of calm that we can take advantage of.

“And even if it’s on Christmas Day we’re keen to get it out there!

“Once hooked-up the next stage is final commissioning … getting everything ready prior to turning the taps on and then first oil.”

[fireplace22] 21/11/2018 11:13

Trouble is US refineries have limited use for WTI as it's mainly suitable for gasoline production, implies that there will ultimately be a shortfall in heavier crudes if 75% production growth is expected from the US.

[rich2006] 21/11/2018 11:12

This guy seems to know his stuff when it comes to the US oil industry



P.s you don’t need a twitter account to view his posts

[fireplace22] 21/11/2018 11:01

Forecast in the earlier link (IEA) showed the US increasing production by 10Mbbs/d by 2025 that's equivalent to Russia's current output.

'German radio points the recent statements from the CEO of Schlumberger that “The well-established market consensus that the Permian can continue to provide 1.5 million barrels per day of annual production growth for the foreseeable future is starting to be called into question.”

1.5M increase per year for 7 years is really going some. If the IEA are basing their forecasts around that good luck to 'em.

[the guardian] 21/11/2018 10:51

It would only need one major earthquake which was proven to be caused by horizontal drilling / fraccing and the picture could change overnight. There are already a lot of small earthquakes in the USA which appear to be centred around oil fields.

[xxnjr1] 21/11/2018 10:42

Revisiting XOM's Mar 2018 Capital Markets Day, their graphic shows

XOM Bakken production will roll over in 2021 at about 175K boepd, then decline slowly
whereas XOM Permian will grow from about 100K then to about 600K by 2025.
(approx visual interpretation - didn't measure with a ruler)

[xxnjr1] 21/11/2018 10:16

FP22 - yes Bakken may be past it's best, but the Permian is a massive resource, in the early stages of wide scale horizontal/pad drilling shale development, even though it's the oldest producing L48 conventional on shore basin.

[fireplace22] 21/11/2018 10:01

xxnjr1 excerpts from the earlier link are not as optimistic for the other fracking sites:

'The announcement that some drilling in the Bakken is moving away from the “core” areas to less productive counties marks a major shift in the history of the Bakken. Whether drillers can compensate for “poorer rock” with three-mile laterals, more sand, and more water remains to be seen. The Bakken may have reached a tipping point.'

The Germans also point to the recent warning from Mark Papa, one of the pioneers of fracking. At an energy industry conference in Houston, Texas, in March, Papa warned: “The impression of US shale as the big bad wolf is perhaps a bit overstated.” Among his concerns were revelations that drillers in two other major shale regions — Eagle Ford in Texas and the Bakken in North Dakota — had already drilled through their most lucrative assets. “My theory is that you’ve got resource exhaustion that is beginning to take place. It’s no secret that you’ve only got three shale oil plays in the US of any consequence,” Papa said, referring to the Permian, Eagle Ford, and the Bakken. “The rest of them don’t amount to a hill of beans.”

[xxnjr1] 21/11/2018 09:55

Exxon's Permian + Bakken production forecast is to grow from 280K now to 800K boepd by 2025. Permian and Guyana DW are their highest exploration priorities. Brasil may join the party in a few years time. Most players are saying there's decades of growth in the Permian.

[telbap] 21/11/2018 09:55

Looking at the distance/speed/time, I think we will hit Rotterdam Friday in the PM... depends of corse if they slow us down in the channel. I want a positive (Brent share price positive) opec result this weekend, will be looking to SB Brent with all I got for a nice Christmas billy bonus.Also, should Mts. May et al pull it off, we could have Brexit outline draft on Monday morning. Should give nice FTSE and GBP boost.....+ve opec + positive Brexit could be a strong catalyst leading into December.

[fireplace22] 21/11/2018 09:17

Steve, By 2040 they reckon that 75% of world output growth would be down to the States (10mbbls/d increase from where they are now) implies little expansion elsewhere. If the current low level of investment in other areas continues they may be right?

[korvet] 21/11/2018 09:07

Yep just entering the Channel.?

[steve73] 21/11/2018 09:01

The previous report from that fp22 article, dated 5th Nov, shows a graph predicting US oil production into the future at various Brent oil price.
Suggested well over 20MMbpd by 2030 at $75, and still increasing from here at just $55 oil...
I can't see how the o/p will stay high IF the US are able to produce at those kinds of rates. I thought shale was much more short lived than that..

[jonespo] 21/11/2018 08:45

New ETA . . . . ETA : 2018-11-24 06:00 LT (UTC +1
Read more at

[the guardian] 21/11/2018 08:35

fireplace, thank you. That was a very interesting and comprehensive article.