Hurricane Energy Share Discussion Threads

[jimarilo] 05/1/2020 19:35

As with any share, it is easier to see the positives when holding and the negatives when not ;-)

[0rient] 05/1/2020 19:22

If the price of oil spikes during the next couple of weeks to over $80 if tensions escalate further would it be prudent for HUR to hedge their future production?..can they actually do this at this early stage? hmmnnn

[excell1] 05/1/2020 19:09

I have just sold out this morning (I know it's Sunday but no matter,it's a negative so I will say it anyway) Yep got cold feet, read through everything Dr T has ever published and decided that I didn't believe a bloody word of it. I don't know why I didn't see it before when I invested in HUR, maybe a poster or two on here has persuaded me..........God give me strength.

[thegreatgeraldo] 05/1/2020 18:34

ngms27
5 Jan '20 - 18:28 - 7337 of 7339
0 0 0
Have a think about why there are oil filled radiators...

..The geese flew south early last year

[thegreatgeraldo] 05/1/2020 18:33

Weather couldn't be worse than it is currently for offloading

[sji] 05/1/2020 18:31

Back to some positive HUR news:

From their RNS dated 13/12/19:

1) Estimated 2019 revenue $165m in 7 cargos (2.8m barrels) = so, on average, roughly $23.57m (400k barrels) per cargo
2) Estimated 2019 production 3.1m barrels - estimated 2019 sales 2.8m barrels = estimated stock held on AM at 31/12/2019 c. 300k barrels.
3) 7th cargo occurred on 22/12/2019 - so, production from 6 Well in the last 9 days of December is roughly estimated at 14,700 x 9 = 132,300 barrels if 6 Well continued at the same productivity flow as observed on date of RNS.
4) So, on 22/12/2019, the total amount of oil stored on AM is estimated at 300,000 - 132,300 + 400,00 (7th cargo) = 567,700 barrels
5) If we assume that we will get our next cargo (the 8th) on a similar schedule, that is, once AM reached 567,700 barrels, then 567,700 - 300,000 (in store at 31/12/2019) = 267,700 barrels to reach next cargo dispatch
6) 267,700 barrels / 14,700 bopd from 6 Well = 18.2 days January 18-19
7) So, despite all the negative postings since ngms27 sold out, we should expect our next (8th) cargo, first for 2020 in the next 13 days.
8) Another $23.57m for HUR (probably more, if oil prices continue their recent upward trend) and hopefully much more to come afterwards.

I know it's all guesswork but probably not excessively off the mark!

[ngms27] 05/1/2020 18:28

Have a think about why there are oil filled radiators...

[amaretto1] 05/1/2020 18:14

And no one even mentioning the biggest risk to markets !

[loafofbread] 05/1/2020 17:21

ngm,

What is the rate now days? By the post or double time on Sundays.

That said, you still have a few hours to throw in another 'doomsday' phrase before bedtime!

[katiegos] 05/1/2020 17:00

edgar222 absolutely spot on regards NGMS

[bocase] 05/1/2020 16:29

Please can we discuss Brexit, Scottish Independence or maybe varicose veins?

[excell1] 05/1/2020 16:03

I will assist you ngms27. Wax in pipes,weather could be getting very bad,AM could
be sinking,price of oil could go down to $10/barrel.Dr.T could get hit by a Bus....
That will do for now,if your require any further assistance then please ask.

[thegreatgeraldo] 05/1/2020 15:39

ngms27
5 Jan '20 - 15:29 - 7325 of 7327
.

It is a statement of fact that water reduces the temperature of produced fluids and reduced temperature of waxy crude leads to more wax deposition in the flow lines, leading to more pigging than would otherwise be the case.

...This sounds a bit counter-intuitive. Are you saying that the water in the reservoir is at a lower temp than the crude?

[bountyhunter] 05/1/2020 15:38

Waxy crude concerns now, whatever next!
Far too many negative assumptions just expressed since selling out in way too many posts in less than 48hrs for there to be no agenda in my view. Why not just move on like most would do, surely just wasting time if uninvested unless some kind of agenda like trying to spook pi's into selling and depress the share price to buy back in more cheaply.

[ngms27] 05/1/2020 15:37

No one, just trying to ensure others don't get fooled again.If I post anything non factual please let me know.

[gisjob2] 05/1/2020 15:31

Ngms27, Why ? you've sold.

Who are you trying to save ?

[ngms27] 05/1/2020 15:30

Gisjob2, I was replying to the post on LSE referred too that wasn't factual and was misleading.

[gisjob2] 05/1/2020 15:27

Ngms27,

Was happy to read anyone's posts on here good or bad but since selling you are becoming more open to people claiming you're deramping due to the number and content of your posts since selling. Having suggested coning and possible abandonment you now introduce a wax issue. It's already been stated that the wax content is not an issue.
If you don't like being accused of deramping then the answer is within your own posts.

You've made your choice, others will make theirs

[aquaesulis01] 05/1/2020 15:26

17000 was based on ESPs not natural flow which are the figures I quoted; just to remind you ESPs have not been needed as flow is so much better than predicted

[ngms27] 05/1/2020 15:21

Rubbish, again.We all know what they tested at, what the skin factor was at the time, what HUR said the skin factor would be with production.Never mind the tests being constrained by testing kit and the original EPS plan to produce circa 17k bopd.Who are you trying to fool?

[extrader] 05/1/2020 15:19

Hi ngms27,

Waxy crude ‘like HUR ‘ seems to be opening a new front....
AFAIAA, downtime has been lower than anticipated.
Care to elaborate ?

ATB

[aquaesulis01] 05/1/2020 15:16

Pre start-up of the Lancaster Wells when the share price was a lot higher, people were bought into a forecast of 5300 bopd for Well 6 and 6520 bopd for well 7z making a total of 11820 bopd; 2019 saw an average of 13300 bopd with a ramp up after Jan 2020 to 20000 bopd so who gives a fig what the water cut is when the company repeatedly tell you that there are no show stopping issues. As for Ostriches, you're the one putting your faith in a fool rather than an Industry Leading expert so says it all