Hurricane Energy Share Discussion Threads

[tournesol] 06/3/2019 15:15

Just to clarify something. Looking at the latest presentation on Hur's website….

First Oil at GLA is planned for H1 - ie by July 1st.

But the drilling at GWA (Warwick and Lincoln) includes 3 wells and is scheduled for Q2 and Q3. That means it will be starting very soon and should deliver at least one well before July 1st.

So the next news after hook-up is more likely to be the spudding of the first well of the 3 at GWA rather than first oil at GLA.

[bountyhunter] 06/3/2019 15:11

So what's the AM playing at now, 'confound the shipwatchers' ?

Or someone on board forgot to top up lol?

Position Received: 5 minutes ago (2019-03-06 15:04 (UTC))
Vessel's Local Time: 2019-03-06 15:04 (UTC)
Area: UKC - North Sea
Latitude / Longitude: 58.68667° / -1.763333°
Status: Underway Using Engine
Speed/Course: 7.0kn / 181°

Read more at

[rayrac] 06/3/2019 15:11

Received a bid, so no point in going to the buoy.

[bountyhunter] 06/3/2019 15:08

Yes Steve, I meant they would only RNS 'success' if successful, not that they wouldn't RNS if not :)

[laserdisc] 06/3/2019 15:08

maybe too early for weather window starting Friday 6am

[the drewster] 06/3/2019 15:06

forgot the black pudding?

[buzzzzzzzz] 06/3/2019 15:05

Egg

One hundred and fifty of you living in a shoe box! Cardboard? Aye. You were lucky!!!

[the guardian] 06/3/2019 15:04

What's up this time? As geordy says, AM pointing southward.

[geordy2] 06/3/2019 14:56

AM heading 189 degrees, Problems ?

[tournesol] 06/3/2019 14:52

Ayl30Look at the presentation I just posted a link to. It gives you a very clear timeline of developments. We are looking for First Oil at GLA. Also looking at start of new drilling programme at GWA funded by Spirit. That's a very strong double whammy within a very short space of time.

[bountyhunter] 06/3/2019 14:42

yes, assuming successful

[antokid1771] 06/3/2019 14:39

are we likely to get a successful hook up RNS?

[telbap] 06/3/2019 14:36

Post of the week I think :-)

[rayrac] 06/3/2019 14:28

Ross, it’s tragic, i thought this was the foodie thread?!

[bountyhunter] 06/3/2019 14:21

First oil in 20-22 days according to Dr. Trice if I remembber correctly.

[ayl30] 06/3/2019 14:19

Looking ahead, once the rope has done its job and the sausages have been eaten what is the next thing we should look to and over what timescale?

[geordy2] 06/3/2019 14:17

Tournesol

"Sales Prospectus " ?

[tournesol] 06/3/2019 14:04

There's a new* Corporate overview presentation on HUR's website. It's dated First Qtr 2019 and whilst it doesn't say much if anything that's new, it does bring things together nicely.

I'm struck by the way it explains that the uncertainties around the EPS are to do with extending its remit and increasing the flowrate from 20k/day to 40k rather than whether or not it can produce at 20k for the life of the EPS. (The 20k is then reduced to 17k to allow for downtime). I certainly had not really thought in those terms. It implies the overall project is lower risk than I had been thinking.

Some great timelines showing likely dates for reserve additions.





new* = new to me, don't remember it being mentioned here

[nigelpm] 06/3/2019 13:58

Yup, which makes sense with their sailing time - almost like they've thought it through ;-)

[saucepan] 06/3/2019 13:51

Some good "windows" there, if that forecast is at all accurate. Thanks, bountyhunter

[kalkaar] 06/3/2019 13:40

if the big boys can manipulate the biggest market in the world (Forex) it shouldn't surprise it being done all the way down..