Hurricane Energy Share Discussion Threads

[woodbinary] 05/1/2020 15:16

I agree with Greying surfer. Comments about water cut are old news. Read the RNS carefully and it states everything is on target. This has been factored into the price as the risk is known. For anyone in doubt read the RNS ans come to your own conclusion
hxxps://ir.q4europe.com/Solutionsstaging/Hurricane2018tf/3942/newsArticle.aspx?storyid=14543840

[thegreatgeraldo] 05/1/2020 15:14

Could a conehead have a bash at explaining why well 6 is producing "minimal" water? Thanks.

[ngms27] 05/1/2020 14:14

Ostriches and heads in sand springs to mind.Yes there are wells in the North Sea with 80% water cut but they are in the decline phase, not first production or plateau.These also tend to use the water for reinjection.There does inevitably come a point when good water becomes bad water.Then of course with waxy crude like HUR more water = more pigging = more cost = less production

[dcarn] 05/1/2020 14:12

I agree. Well worth a read.

[aquaesulis01] 05/1/2020 13:29

An excellent sequence of posts on LSE from Biffadog that nicely address a number of dspp on lemon fool's observations

[zztop] 05/1/2020 13:25

I think we'll find out what's goin on by midweekAll company replies should be in by thenIf not we should maybe expect an rns to put an end to speculation?

[extrader] 05/1/2020 12:55

Hi greyingsurfer,

....”I think you are viewing things.....in an all or nothing way”....

Quite. That was the point behind my earlier Saul / Paul reference..;-).

ATB

[greyingsurfer] 05/1/2020 12:17

Ngms,Like several others here I have read your posts, and interacted with you for many years. I would certainly not agree with those making absurd accusations of "deramping". However, I think you are viewing things in an unrealistically all or nothing way. You say HUR is now a bet not an investment. That really is nonsense. HUR is no more a bet than it was 2 years ago. It's always been the case that there were considerable uncertainties about the productivity of the field. That's why HUR still exists in its current form. Water ingress has always been a risk. It's not a new issue. We perhaps know a bit more about it now, though clearly not that much! The nature of one of the risks may be becoming a bit clearer, but this is not a step change.

[ngms27] 05/1/2020 11:53

Prefab, with respect that provides no explanation of the 13/12/2019 RNS and individual well test data showing well 7z down to 9400 bopd from 16500 immediately prior to first oil.

[ngms27] 05/1/2020 11:35

Further the ESPs will draw more oil from the fractures when commissioned giving more control over plateau production etc.

[mallye] 05/1/2020 11:16

Without getting bogged down with water issues, irrespective of where the water is coming from how is it that the total natural flow (oil plus water) in both the 6 and 7z wells has gone down by a fair margin if there has been ‘minimal pressure decline under natural flow’???? I would be grateful if anyone can explain this from a technical perspective as it appears a bit of a disconnect to me?

[ngms27] 05/1/2020 11:12

Edgar,Please point out where I've got a fact wrong on here. I'll double check and fully apologise if that is the case.Note I've already been challenged re facts and have been proven correct regarding the 7z water cut under isolated testing.I have no agenda other than the truth and getting BoDs to treat shareholders fairly.You may well note CASP is now my largest holding and I've been critical of rampant bulls and the CEO over there for a long time. Doesn't mean I don't believe in potential upside which is where some fail to understand my thought process as it's not mainstream.

[edgar222] 05/1/2020 10:52

KenmitchI agree.But that requires bona fides in the person reasonably arguing the negative. Which is not my experience with ngmsvwho repetitively misuses facts even when the mistake is pointed out to him. At least that is my experience. He is not agenda-free.

[telbap] 05/1/2020 10:46

@Arregius.....see my post 7199

[kenmitch] 05/1/2020 10:35

Very happy to see Ngms27 posting his questioning comments. Why do people so resent posters doing that? There’s a plus and minus case for every share, and when a share falls 50% from recent peak some investors have clearly had doubts. If Hurricane was a certain winner, as some believe, the share price would be way higher than it is.

Mind you Ngms....you weren’t too keen on my posts questioning the merits of the Soco buybacks, but to your credit eventually conceded that you got that wrong. And that’s another thing once it’s clear we have got something wrong then admit it and don’t stubbornly defend what is no longer defensible.

[amaretto1] 05/1/2020 10:27

U would be better Calling Ghost Busters !!

[arregius] 05/1/2020 10:07

Have anyone here try to call investor relations and got an answer back? I have never received any answer. Would be great if they could add some light

[sji] 05/1/2020 10:02

Ngms27: Once again, you have repeated the SAME argument for the nth time in the last 48 hours. We understand. You are right. Are you happy? Now can you please stop posting the SAME points and come back when you have something NEW to contribute? Something NEW even if it's negative. I don't mind. What annoys me is reading the SAME argument ad infinitum! Sorry.

[loafofbread] 05/1/2020 09:57

'Worst case is abandonment'

I don't know you from Adam, but you should get a gold medal for working these boards!

For a hole full of water they do seem to be lifting a lot of oil though!

[amaretto1] 05/1/2020 09:40

I would listen to ngms oppinion over ninety percent of contributors here.Let's face it... share price wise they have all been seriously WRONG !! HUR stands at multi year lowsMarket is telling u all this,The Market is NOT convinced on Lancaster ..... it's that simple.

[sji] 05/1/2020 09:13

pumph: I am sure that ngms27 is not paid to post negatively. However, he has made his point why he has sold out. We might not agree but still respect his opinion. However, he too has to respect the opinion of others that do not agree with him. Having sold out, he no longer has an interest in HUR whereas other investors who have a different opinion from his own (like myself) have decided to keep their faith in HUR's management and wait to see how things come out. We have a vested interest in HUR and can lose alot whereas he no longer has. So, why his incessant negative postings to scare off other private investors and possibly potential new ones? Most probably, he needed the money to invest elsewhere where he considers prospects are better. Good luck to him. But after posting incessantly for almost 48 hours his negative opinion on HUR (which basically is that well 7z has reached the acquifier already), he has nothing more to contribute to the discussion imo.

If he continues to post negatively on this board without having a vested interest, I would become suspicious that he still wants to come in later at a lower price.

[excell1] 05/1/2020 09:03

Sorry but I will not be joining the ngms27 appreciation club.