Hurricane Energy Share Discussion Threads

[0rient] 02/1/2020 19:48

Whats it going to take to get the share price moving again and back into the mid 40's? Appears to be a lot of stale investors about who are quite rightly very disappointed with the share price performance and maybe just happy to get their original investment back.

[thegreatgeraldo] 02/1/2020 19:37

There you go!

thegreatgeraldo
2 Jan '20 - 11:51 - 7105 of 7146 Edit
0 0 1
October production 13,928bopd, with water up to 2,162bwpd

[thegreatgeraldo] 02/1/2020 19:36

The OGA figures also give you water production month by month, from memory, it was around 2200bwpd in October (see my post from this morning)

[prefab] 02/1/2020 19:22

Yes net 9400 bpd oil but no your probably looking at in addition between 2500 - 3000 bpd water from 7z.

[sji] 02/1/2020 19:06

7Z Well flowed 9,400 bopd with 25-30% water cut - I take it that the 9,400 bopd is the net oil we are getting and IN ADDITION we are pulling up c. 4,000 barrels of water, right?

[laserdisc] 02/1/2020 18:48

Cannot add much , still invested, have been adding in smaller amounts rns 13/12
re the pressure
"In both cases, the bottom hole pressure showed minimal decline following an initial stabilisation period"


The 6 Well is currently flowing individually at approximately 14,700 barrels of oil per day with minimal water cut. In a prior individual well test, the 7Z Well flowed at approximately 9,400 barrels of oil per day with a stable water cut within a range of between 25-30%. These rates were achieved on natural flow. In both cases, the bottom hole pressure showed minimal decline following an initial stabilisation period, giving management confidence in the long-term productivity of these wells and the Lancaster field. The productivity performance of each well on an individual basis is in excess of the Company's pre-start-up expectations.

[muddy_40] 02/1/2020 18:47

I think it is that simple. And knew this numbers would come out in January. So they updated the Market with the last RNS with the stable WC of 25 to 30 %

[telbap] 02/1/2020 18:33

Ok so that answers the higher water production for October then. Or is that a simplistic view on the matter?

[altom] 02/1/2020 18:30

I hope we can discuss HUR only on here in future. If you wish to discuss SNP etc. please do it somewhere else.

[thegreatgeraldo] 02/1/2020 17:01

Not too hard to work it out..... from the Dec update,

....."The 6 Well is currently flowing individually at approximately 14,700 barrels of oil per day with minimal water cut. In a prior individual well test, the 7Z Well flowed at approximately 9,400 barrels of oil per day with a stable water cut within a range of between 25-30%."

.... 7Z seems to have been favoured in October

[chessman2] 02/1/2020 16:59

Very interesting posts on the Lemonfool by dspp and others.

I'm still a large holder here as I am with ECO and JOG. I have high hopes with all three and believe it is just a matter of time before success arrive.

And I've been here for five years now!

[extrader] 02/1/2020 16:58

Hi telbap,

I'm not sure...and if you see dspp's latest posts, he details some of the uncertainties and unresolved Q's that exist....and proposes a solution that he thinks would address these.

HTH and ATB

[telbap] 02/1/2020 16:51

Ex trader......So October water cut is higher that all other months.Questions......1. which wells were production in October?2. Was this a deliberate attempt to measure changes in water% and or pressures ?Genuine questions as I have not a scooby on theses matters.

[steelwatch] 02/1/2020 16:37

Very disappointed with the way this thread is being trashed by political and bipartisan argy-bargy at the moment, so thinking I might just un-ban SentimentRules, the reason why you were all so relieved the moderated board was set up. Your choice!!!

If anyone is interested, I could set up a "Guild" thread and leave the rest to argue the toss here. Of course, you'll need to acquire some Plus1 coins for the entry fee and stay on topic at all times...

[luckygit] 02/1/2020 16:24

Extrader,I don't agree with most of what you say and rather than nitpick I will agree with one point.It would be legally ok for Scotland to refuse to pay any UK debt national but rather than be a delinquent as you so ellequantly put it, there would be a fair and equitable settlement. The SNP have been honest and upfront about paying Scotland's share of that debt.

[extrader] 02/1/2020 16:17

Hi all,

...and ' returning to our sheep' as tournesol has rightly suggested, there's a new post from dspp on the water-cut issue...



ATB

[extrader] 02/1/2020 16:09

Hi Jamieboy12,

.."Scotland doesn’t want to be part of the uk but we do want to be part of the EU..."

The first part of your statement is 'unproven' and the fact that (some) Scots may want to be part of the EU is, with respect , 'interesting but irrelevant' : you need to ask yourself whether the EU would like to 'take on' Scotland, and - if so - on what terms ?

I've alluded to Spain and Italy being likely to say no, for their internal political reasons (most people recognise that the EU quite reasonably wants to punish the UK for leaving, The Spanish and Italians don't want to encourage the notion that secession (as they see it) is OK ....) and other EU decision-makers are unlikely to be supportive of a 'net drain' applicant, both those currently making the major contributions and those receiving the most benefits (which they'd have to share).

If they want to do their countrymen a service, the SNP should be doing something about addressing these hard realities and concerns, rather than just draping themselves in the Saltire and crying Freedom.

ATB

[prefab] 02/1/2020 16:04

Roll on the next drill, give us something else to discuss. PBL Jr on contract from mid Feb, spud Lancaster before March hopefully. Not that long to wait.

[tournesol] 02/1/2020 15:59

Come on guys let's cease and desist this unseemly wrangling.

I'm embarrassed to confess that it was me who accidentally sparked off this argumentative exchange. I observed that the Wiki article about Lancaster seemed to have been phrased in partisan language which was sympathetic to Scots Independence. What I was trying to say was that the independence question should be kept out of simple factual comment about Hurricane/Lancaster/N Sea oil.

There are obviously strong feelings on all sides of the Independence question. Sadly we seem to be losing our capacity for civilised and respectful discussion between people of differing views. That sad fact has been evident across the board on social media in recent years, it is certainly evident in discussions around Brexit, the general election and Scottish independence.

I suggest we simply stop all of that stuff and reserve this board for discussion of Hurricane and related topics.

[jamieboy12] 02/1/2020 15:56

Seems we all want the same thing then,, England doesn’t want Scotland and we certainly don’t want England so let us leave,, or is that all a load of BS and England know fine we’ll they will be entirely screwed without Scotland,, Scotland voted to remain in the uk so we would still be connected to Europe,, only for England to get us voted out of Europe,,, do you not think every Scot in the land would have voted to leave the uk if we knew 2 yrs later,, England would get us kicked out,, Scotland doesn’t want to be part of the uk but we do want to be part of the EU

[extrader] 02/1/2020 15:51

Hi Luckygit,

...The UK debt is against the GB pound and rests solely against the currency

That's not how these things have worked, historically, but there we go. Think of wartime reparations or 3rd world debt default. I'm sure few prudent Scots would want their country to start life as a delinquent.

...Since England has accrued the debt, it's only fair they shoulder the whole amount ….

The debt was taken out by the United Kingdom, secured on the national Government's tax-collecting abilities and spent on a load of things - productive assets and wasteful consumption - a lot of which benefited Scotland. So your premise and 'fair' proposal are both based on a misunderstanding of reality.

That's why I began my earlier post expressing the hope that - if there is a second IndyRef - it will be on more informed opinion than some argue was the case re Brexit.

HTH and ATB

[ngms27] 02/1/2020 15:42

So why does Scotland escape from any debt burden?The debt is UK debt not English debt.There will be no independence in my lifetime. Even in the last General Election more people voted for Union supporting parties than the SNP.

[sji] 02/1/2020 15:41

It appears that HUR is finding it difficult to get over 33.5p today despite the continuous buying. Anyone with L2 can confirm whether there is a share overhang at this price level? TIA

[luckygit] 02/1/2020 15:34

The UK, having a £2 Trillion national debt, is something that Scotland will escape from when we get Independence later this year.The UK debt is against the GB pound and rests solely against the currency. Since England has accrued the debt, it's only fair they shoulder the whole amount.With the latest SNP victory in the General Election, where they won 47 out of 59 seats, they have a clear mandate to ask the Scottish nation whether they want to stay in the broken union or be like any other independent country. (Why a country can stop another country from having a referendum seems totally unreal, but that's good old Tory Britain for you).The latest poll for indy2 is around 60% in favour, if you to take account of the young voters and those who want to stay in the EU.Interesting times.