Hurricane Energy Share Discussion Threads

[buntygill] 01/8/2019 16:32

Halfpenny do you actually have some real info or are you just entertaining yourself?

[myddleman1] 01/8/2019 16:29

Carcosa, that's absolutely brilliant it's cheered me up no end.

[halfpenny] 01/8/2019 16:14

HUR with real assets ie oil flowing plentiful will be a natural Target to buyout as its cheap... lets see if this is the weekend for buyout...75p above with ease..short term 60p

[stepone68] 01/8/2019 16:09

Don't forget the sausage shipments.

[dcarn] 01/8/2019 16:07

Excellent Carcosa.

[zztop] 01/8/2019 16:05

I think shareholders should be allowed on the rig as well as the helicopter...( small fee of course)Should be able to watch oil unload and be on the ship in Rotterdam over nite stay in hotel as an option paid for by hurricane of course.

[qazwsxedc69] 01/8/2019 16:03

Wish I could tick this up more than once!

[m5] 01/8/2019 15:56

HP Please don't keep posting that unless you can back it up with some thought structure.

[carcosa] 01/8/2019 15:51

Dear management,

The period between updates is way too long. We, as shareholders, check the share price about 20-50 times a day. We have nothing else to do. If you could just issue multiple RNS's a day plus three or four press releases then they may calm down a bit. With Dr T being the main guy perhaps you could keep us apprised of what time he goes to sleep, wakes up, what he has to eat and if you could provide live GPS tracking of his location then that would help too. It would also be useful to know what the quantity of oil at offload, although it may be better to setup a live webcam throughout the FPSO showing oil flow, temperature, density and composition of the oil as it is being extracted. Of course if the control room could also provide daily planned performance criteria with the justification then that would help too.

Whilst you are doing all of that could we also have weekly psychological tests of management because clearly the share price performance is linked to the moods of the key players and sunspot activity (no need to burden yourself with the last item as we can find that last piece of information ourselves as part of our DYOR)

We would also like to see the planned helicopter activities at least a week in advance and be given a list of all personel flying to and from the FPSO and drilling rig along with their qualifications and purpose of their visit. Weather forecasts would also be useful. This is all in the name of transparency, as I am sure you will understand.

As regards the ongoing Lincoln well, I think you have a duty to all shareholders to provide daily updates as regards the progress of drilling and the ongoing findings as and when they appear.

As shareholders who own the company we think it only right that you provide us with the price realised for each offload. However we may be capable to calculate that if you just give us the oil quantity in a format which leaves no ambiquity along with the price to three decimal places. Again we do not wish to be a burden which would result in management's time dealing with inane shareholder questions when your task is to manage the company. Some of us have a calculator and between us we may be able to work out the revenue of oil at offload.

Finally, although your responsibilities are to create shareholder value by managing the company and its resources to the best of your ability, I really think you should provide daily commentary on the share price (only positive commentary, mind you) because we, as shareholders/investors, have made a right balls up of it all so far. We know its our job to value the company but as a collective group we really suck at it. As a long term shareholder going back to about 3pm yesterday I would consider any false and misleading information that creates, say, a 300% spike in the share price to be acceptable. If you could do that by about 9am tomorrow then we should be in a position to buy some toilet paper to wipe our own asses with; although some help with that may be needed.

Finally, again, I would like to say a word about your website. It is full of information. I think you should stop this because it is not working very well. Shareholders and potential investors (along with some analysts) generally do not look at it. You could save a ton of money by getting rid of the website.

Actually I might sell my shares now as I am sure I can make more money elsewhere much more quickly.

Regards
A faithful shareholder

[halfpenny] 01/8/2019 15:48

HUR maybe a buyout target with a price well above 75p. Could get great news this weekend....60p short term...

[zztop] 01/8/2019 15:39

Centrica is selling its 69% share inSpirit Energy, as it seeks to focus on turning around its troubled core business in energy retail. Spirit Energy, which has 800 staff and a major base in Aberdeen, is reckoned by industry analysts to be worth more than £1.5bn.Sorry if already posted

[leoneobull] 01/8/2019 15:27

Only share up today

[greyingsurfer] 01/8/2019 15:16

hello,

There's no "false" trading in the market. HUR have been very clear that the EPS is performing above expectations. Stating they will RNS production at 3 month intervals is quite sufficent. Issuing RNSs stating productions rates - almost certtainly as expected - but also very variable as the shut in etc to test - will not chnage the way the share price is moving. They've been clear that several months or a year of data are needed to come to clear conclusions about field behaviour. We all need to be patient. The next big bit of news will be the LC result, and they will RNS that.

[hello31] 01/8/2019 14:44

Mr Stobie

no good saying you will not issue RNS on offloads - investors are doubting Hurricane and if you have positive information then let the whole market know please and remove this false trading in the market.

We are doing our bit and estimated that the 2nd offload was very good but you need to let the market know.


Chance to issue RNS on 3rd offload and the ramp up at same time.

Your shareholders are hurting

[hello31] 01/8/2019 14:21

Thanks BH and Steve and M5, such positivity.

Calling all ship watchers - we depend on you now over the next 3-4 weeks for LC and 3rd offload - around 24 August is a possibility.

The 3rd offload will be crucial as it will be around 25 August and I would not be surprised if they RNS this and at the same time confirm 65% ramp up a week ahead of schedule of September 5th.


All 3 are de-risking events around 24 August and share price should be ramping up in anticipation before this time.

[m5] 01/8/2019 13:13

Well we have held this support, no problem. I am really tempted to add and load up at these levels.

[bountyhunter] 01/8/2019 12:42

everything to hold for, I'll be going nowhere ☺️

[steve73] 01/8/2019 12:35

hello...

If they wait until the well is completed AND tested, like they did for Warwick Deep, then I'd not expect a formal news release until around the 9th Sept (this timing is based on the duration from spud to "tested" RNS for the Lancaster 6 well in 2014, of 59 days), but if they announce that the well has been completed before testing (like they did for previous drilling campaigns) then it could be as early as 23rd Aug (again based on the Lanc. 6 well.).... or a few days either side of these dates.

I'm sure we'll hear "rumours" before then, although obviously some people will chose to wait for a company announcement.

[hello31] 01/8/2019 12:17

Thanks BH and what I am trying to say to all our fiends is that we can't influence the share price but focus on what is happening and what will happen that will influence the share price.

We may be only 2 -4 weeks away from knowing LC and confirmation of ramp up.

Not a single penny of resources are in the share price - just the Aoka Mizu production.

Remember they said 6-12 months at Lancaster EPS - I thing it will be 3 months of 85 production would do it and we will get 500m Lancaster 2C valued in share price by Feb 2020.

The ramp up by itself will provide some de-risking at Lancaster and start to value some of the 500ml 2C resources, even without Lincoln.

We have many red marks on our backs all these years but there is nothing to warrant submission at these prices.

[hello31] 01/8/2019 12:05

Thanks Steve and an excellent point - we need to look for signs as people did well before they announced officially First Oil and WD results. Would you expect the official announcement mid august or early to mid September?

[bountyhunter] 01/8/2019 12:02

Good summary hello, although I haven't rechecked from memory I made it 33 days between the last two offloads but no big deal. Also Aug 15 has been guesstimated for the earliest possible date for any news on Lincoln but can't recall the details or basis for that.

[hello31] 01/8/2019 11:55

So key dates:
Mid August - Sept....Lincoln C results- no WD follow through into Lancaster

By Sept 5th .............Ramp up to 65% - ditto ------

WC spud - Sept to WC results - November

Offloads every 35 days then 25 days then 20 days based on existing production levels and time to 2nd offload,

Next 4 weeks is going to be key in share price movements.

There is nothing to date to indicate LC and Lancaster ramp up won't happen.

[hello31] 01/8/2019 11:45

FIRST OIL was June 5
3 month ramp up from 45% to 65% will then be announced around SEPTEMBER 5th.


OFFLOADS - at current production runs (whatever they may be) it takes approx 35 days(?)
2nd offload was around July 21
so 3rd offload around Aug 26th?


RAMP UP - 3 months after First oil from 45% to 65%
3months from June 5 gives Sept 5th that will be share price enhancing news as it further de-risks Lancaster.

SUBSEQUENT OFFLOADS - 35 days at 45% capacity is equivalent to 25 days at 65% capacity
so
4th offload - around Sept 26th
5th offload - around Oct 20th and so on until


RANP UP 2 - Nov 5th to 85% capacity

Also by November we will have results of Warwick C.