Hurricane Energy Share Discussion Threads

[prefab] 03/6/2019 11:49

Won't be doing the AGM, chasing swell in the Canaries. Looking forward to updates from attendees afterwards, it will be appreciated.

O/T I see Frank Timis and BP are the subject of a Panarama investigation tonight. Now there's a man with a colourful history in O&G.

[laserdisc] 03/6/2019 11:49

we had a lot of flight activity around 28th May. we are now well into this next phase last rns was 13th may, the pigging should have been 24hr job : as per the future maint schedule downtime for this is minimal. Hydrocarb introduced 11th May the longer they leave it they get more data obtained , the flow may actually be already ready to ramp up, they said this could be done quickly for the upping of the flow rates , this mornings flt has departed 50 min late and was re scheduled to include TL

expecting good updates when it arrives

[chopsy] 03/6/2019 11:30

Agree. Having to sidetrack the well may put the drill schedule back a couple of weeks, so I expect end July earliest for results.

[bocase] 03/6/2019 11:28

Tournesol:

I had intended coming to the AGM but unfortunately cannot make it due to other commitments but would really appreciate any feedback that you are able to post here. Enjoy the day.

[pcok] 03/6/2019 11:25

Thanks for the explanation.

[tournesol] 03/6/2019 11:24

Telbap,

I have to confess that I'm addicted to Ole & Steen's pastries - real Danish baking at its best - I can't ever walk past without going in. So if it's your first visit, be warned that it might prove habit forming.

T

[telbap] 03/6/2019 11:18

Might well drop in T. I will be the one displaying no hair :/)

[telbap] 03/6/2019 11:17

Brent made a complete reversal, was down 100+ points earlier now up 50 points $63.45 on CMC

[tournesol] 03/6/2019 11:12

I'm off now for the rest of today, and am away from my desk tomorrow.

I'll be going to the AGM on Wednesday.

If anyone fancies meeting for coffee before the AGM, I'll be at the Ole & Steen at 56 Haymarket at 10am. I'll be the one displaying the HUR logo on his notepad.

T

[tournesol] 03/6/2019 11:06

PCDK

It is probably something simple like the drill bit getting stuck - happens all the time- think about your domestic Black and Decker but on a bigger scale! I've had bits get stuck in walls and been impossible to extract. If that happens when drilling a well, you just back up and drill at an angle to get around the blockage.

There will be some element of delay, in the nature of things but nothing serious.

There should be no impact at all on the ultimate success of the well.

HTH

[laserdisc] 03/6/2019 11:02

sch now amended
flight to both AM and TL

[rayrac] 03/6/2019 11:01

I’m afraid I am rather bored so....


Strengthening Spirit may include “further consolidation with another party”, the firm said.

Spirit has made no secret of the fact it is looking for a new joint venture partner, with CEO Chris Cox saying last year the firm is “looking at a list of dance partners”.

Centrica has also said it is ready to lower its stake in Spirit for the “right offer”.

In its financial results, Centrica reported a boost in operating profits to £521m from its exploration and production business, which is made up of Spirit and Centrica Storage.

The 159% annual boost was largely attributed to higher oil and gas prices and improved production from Centrica Storage’s Rough field in the Southern North Sea.

Despite the performance, Centrica highlighted “disappointing” production volumes from Spirit, with its underlying production dropping 10%.

Centrica said Spirit’s production of 46.7milllion barrels of oil equivalent was “lower than expected at the start of the year”.

The firm added that this reflected a high level of unplanned outages at Spirit’s Morecambe field in the east Irish Sea, as well as a number of other operated and non-operated fields.

Centrica did add that Spirit has made progress on projects including the Oda field which is estimated to hold 13million barrels and is set for first oil in the first quarter of the year.

Last year Spirit also farmed in 50% to Hurricane Energy’s Greater Warwick Area west of Shetland, with a drilling campaign to prove its prospectivity due in the second quarter of the year.

This has been pushed back from Q1 due to delays related to the Transocean Leader semi-submersible rig.

Spirit’s volumes are expected to remain within the 45-55million barrel range this year.

In its results, Centrica said: “Spirit Energy 2018 production performance was disappointing relative to our initial expectations and we currently expect 2019 production to be broadly in line with 2018 levels. Our focus remains on improving performance.

“Spirit Energy also made further progress on its development projects, with Oda proceeding to plan, a positive final investment decision being taken on the Nova field and exploration success at the Hades/Iris and Lille Prinsen prospects.

“Spirit Energy will continue to look at the potential for further opportunities to strengthen the business, which could include further consolidation with another party.”

[rayrac] 03/6/2019 10:49

$62 brent...better than $61.

[pcok] 03/6/2019 10:41

Good find. Any idea what the mechanical reasons could be? Will this affect the potential success of the drill or the the time to completion?

[steve73] 03/6/2019 10:32

obm.. the letter that denotes the month is not particularly logical.

but if you look at my PMO thread, I list them all there (for my benefit for when I roll the charts...) fgh,jkm,nqu,vxz. Also has a link to all the futures contracts.

[hashertu] 03/6/2019 10:23

A very readable document about FPSO/turret design. Quite long though.

Failure modes, reliability and integrity of floating storage unit (FPSO, FSU) turret and swivel systems

[obmuj] 03/6/2019 10:02

Steve 73. Many thanks. Exactly what I was after. Thanks to others but I made a point of saying I wanted the “ADVFN” symbols but useful to know too. Thanks again.

Gary . O/t. I’m in Kemer ( near Antalya) on the hard.
I’m waiting to launch but it’s Baryran holiday so stuck in the air but fabulous views to the mountains and sea.
I may come to Kyrenia after launch but no plan yet.
I’ll look you up at a bar near the Dome hotel if I make it.
All depends on crew and if I fix the holes in the boat!!! Lol.

Thanks again for the assistance to all.
No idea why I can never work this one out.

[gary38] 03/6/2019 09:39

Are you anywhere near Girne.

[freezer1976] 03/6/2019 09:05

Since 25th April HUR up circa 25% against a backdrop of fall in Brent of circa 17% - Happy with that personally

[steve73] 03/6/2019 08:59

CL/N19 is the July WTI contract - should be working OK.. The Brent BZ/N19 has just expired... so you need to use BL/Q19 for the current Aug contract, if you want Brent.

[arcadian] 03/6/2019 08:56

Ray

As a man of Sherwood that might have been the reference but more to the point and pun

[oilretire] 03/6/2019 08:55

Or this one will give you the futures too....