Hurricane Energy Share Discussion Threads

[zztop] 07/1/2020 08:53

Rockhopper seems the next big thing?

[amaretto1] 07/1/2020 08:35

Errrr .... yes ... what can't u see ???

[superbobtaylor] 07/1/2020 08:32

PMO almost $900m for 23k boepd and 82 mmboe of reserves makes HUR look expensive?

SBT

[amaretto1] 07/1/2020 08:17

PMO deal makes HUR look exspensive ... on were we are at at the moment.

[thanksamillion] 06/1/2020 22:31

tgg

They are still there to be bought/sold and used for whatever purpose.

[gtaval1] 06/1/2020 20:46

50%? 100% for Lancaster I'll wager. Cheers.

[poikka] 06/1/2020 20:29

Been watching these for years and never tempted. I found it to be too speculative; not tempting for a larger oiley, apart from Spirit (if they fit that description), which made me doubtful of their value; they still appear to be speculative outside of what they're producing atm, and I now get the feeling that posters here are becoming less convinced - gone is the back-slapping.

Ok for a small punt for some, I guess, but nothing more.

But each to their own, and good luck - you might yet get rich :).

[ngms27] 06/1/2020 20:11

digbee, not if you believe Dr T

[thegreatgeraldo] 06/1/2020 20:04

Thanksamillion
6 Jan '20 - 19:44 - 7481 of 7483
0 0 0
The price action over the last few weeks is only to be expected nowadays when a company issues a shed load of convertible bonds, it is however transitory for those prepared to wait.

..The convertibles were issued 2 & a half years ago....

[digbee] 06/1/2020 20:04

From Laserdisc link about AM above it has the ability to handle 55000pwpd,as well as 30000bpd crude.

[newbigginer] 06/1/2020 19:59

Ngms

So the HUR guidance of 2.8 mbbl last year at a cost of $22 and a sale price of $62 (actual) gives a profit of in the region of 50% of $112 million or $56 million. And you believed that it would be better than this?

This year's guidance of cost at $18 and income at $60 or $42 per bbl profit (($21 to HUR)gives a profit in the region of $150 millions

After several dozen posts from you over the past few days, We have a restatement TODAY from HUR that it is still perched water and reasoning behind it. When will you give up your deramping and start Enjoying the ride? Or are you getting well paid for your efforts?

I THINK WE WILL SEE A POSITIVE CORRECTION IN THE MORNING

GLA

DYOR

[ngms27] 06/1/2020 19:46

Coning cannot be fixed, but the other items you mention can be at a cost.It's interesting that the model for the EPS put coning far more likely than perched water, but neither were expected.It's fair to say HUR need to re-examine the model.

[thanksamillion] 06/1/2020 19:44

The price action over the last few weeks is only to be expected nowadays when a company issues a shed load of convertible bonds, it is however transitory for those prepared to wait.

[awkward1] 06/1/2020 19:43

arregius,

Thank you for contacting Hurricomms, to them for sending you such an unequivocal reply, and again to you for reposting it here.

Of course, their reply imparts nothing new to surprise anyone who's been following the story closely and who's got an IQ greater than their hat size. But nice to see confirmation 'from the horse's mouth', so to speak.

We know that Hurricane themselves sometimes monitor these BB's and they must have fallen off their chairs laughing on reading some recent insane stuff such as tankers transporting water, and to Germany to 'hide' such a thing! But it's good you've prompted them to actually pipe up and quash such a stupid idea.

Maybe now people can move on a bit. Though it's been a weird and wonderful trip. Cross-BB comms, involving more than one site... Though of course the person spreading ridiculous rumours HAD to use Lemonfool, 'cos it's the only BB platform I know of where one can post at such length with graphs, and stuff like that.

[greyingsurfer] 06/1/2020 19:31

But ngms, at that point there were a host of risk issues that no longer exist. The commissioning of the sub surface and the AM were certainly not risk free, though the risk might have been low (say 10%!). On top of that the wells had not been produced and any assumptions on WC were theoretical. In practice the production rates and downtime exceeded expectations. Agreed, there is some continuing uncertainty about WCs, but to suggest that the risks are higher now than then suggests a serious error estimation of the risk factors at one of the two times.

[ngms27] 06/1/2020 19:24

Found my own answer from the 2017 CPR:The Aoka Mizu FPSO has a total fluids capacity (oil plus water) of 35,000 bpd. Produced water is not expected during the EPS, however should early water breakthrough occur, provision exists within the topsides facilities for surface treatment of up to 20,000 bw/d using hydrocyclones and a degasserprior to discharge overboard.

[ngms27] 06/1/2020 19:14

What's the AMs limit for water processing?

[ngms27] 06/1/2020 19:10

I never even considered the AM failing tbh.

[laserdisc] 06/1/2020 19:04

steelwatch also highlighted the fact water was offloaded at sea after being treated but post got lost, see environmental statement , I seem to remember Catcher oil in past also going Wilhelmshaven, bp decide via agents which port to offload oil

[excell1] 06/1/2020 18:59

Also thanks from me Arregius.
It was also nice to be made absolutely clear that tankers carried oil and not
PEARCHED water.That water being treated and then disposed of in the sea.
Some were curiously stating that oil tankers were possibly half full of water.Hmmm

[laserdisc] 06/1/2020 18:48

Thankyou for sharing Arregius, RE the crude delivery as I see it went into oil stock tanks at Wilhelmshaven then BP Europe tap off the main pipeline to german refinery

Brent Crude Oil Futures

[bountyhunter] 06/1/2020 18:33

Same here.

[arregius] 06/1/2020 18:33

And yes, the answer were exact words from the company as of 30 minutes ago. They remain confident

[extrader] 06/1/2020 18:32

Hi Porrohmahnn,

Many thanks !
As you say, drowned in other news....
Mind you, I’d like to know what the PIs are now...that’s thesort of info that a more PI- friendly co could be providing, to ‘steady, The Buffs ‘ !

ATB