Hurricane Energy Share Discussion Threads

[telbap] 08/1/2020 13:35

Ngms (7580). Interested to hear your rebuttal of Jacks13 post just now....

[pinemartin9] 08/1/2020 13:26

Yes, but he's obsessed or focussed. Take your pick. I'm suspicious of his level of activity.

[oilinvestoral] 08/1/2020 13:25

I agree with stepone68 Please continue posting NMGS ! I value your opinion and you add value to this board! A lot of BBs are rampathons where only rocket emojis get posted! Having you here adds balance and gives prospective investors pros and cons about the company

[pinemartin9] 08/1/2020 13:25

Do you have a job ngms27? You are prolific with your posts. Noting else to do but create negative sentiment and mistrust? Methinks you have a hidden agenda!

[ngms27] 08/1/2020 11:59

That was the 2014 interpretation but this was changed in 2016 to likely be coning from the aquifer rather than perched for well 4.

[m5] 08/1/2020 11:24

tournesol8 Jan '20 - 10:57 - 7600 of 7601

Exactly. Always good to hear both sides of the argument, different view points should be welcomes especially when a share price is not performing as we envisage it should. However repetition benefits nobody. Nicely holding onto this support level, as we have done before.

Nothing wrong with shorting either, although from these levels I think you would have to be very brave, very stupid, or have "further" information to hand.

[hashertu] 08/1/2020 11:12

On the subject of water cut. The following information has been abstracted substantially from the R Trice report dated 28 Feb 2014. It concerns testing undertaken on 205/21a-4z sidetrack.

Water was identified, and measured, at a depth of 1540m on a 48/64 inch choke setting, coming from a 0.6m fracture. On a smaller (16/64 inch) choke, water ingress was minimal.
The paragraph giving the company interpretation is copied below.

As I understand it, they think the water came from below (aquifer? I don’t think coning would accurately describe flow up a fracture).

The only references to perched water that I could find in the article (and subsequent publications) said that their model suggested it should exist, but they could not predict where, nor how much.

At this point, the “oil down to” is 1620m minimum, so the vertical distance between measurement point and water source is at least 80m.

The production well, -7z, is at a depth of approx 1300m, some 240m above the water entry point in -4z and at least 320m above a potential, lower, water source.

Given all this, in conjunction with their knowledge and experience, I find that the company explanation that perched water is the source of water in -7z the most plausible at this time. I have also seen no evidence of inconsistency over the intervening period.

“DST 2 is also associated with water production with water from a single fracture being produced on a 48/64′′ choke; however, this fracture does not represent an oil-down-to as dry oil was produced from this fracture on a 16/64′′ choke and from fractures located deeper in the well (Fig. 15). The origin of the water is yet to be confirmed and it is postulated that the water originates from a depth below the side-track TD, with the water mobility encouraged by preferential ‘injectionR17; of bullheaded
fluid through the wide aperture fracture (aperture estimate accounting for hole deviation and fracture angle is 0.6 m) prior to testing. This thesis is supported by the change in water chemistry during DST 2, which showed a gradation in salinity
from that specific to the drilling fluid to that of formation water recorded during testing of the original well.”

[tournesol] 08/1/2020 10:57

Freedom of speech is great. Using a megaphone to dominate discussion is not so great. It's perfectly in order for NGMS to raise doubts and voice concerns. It is, in my opinion, anti-social behaviour to post the same thing a gazillion times. We've all heard what he's got to say. The endless. repetition is a) tedious and b) undermines the message. I find it simply tiresome.

[4thrifles] 08/1/2020 10:33

No...just a government and group oil company recognition that supporting Hurricane could be a good idea.

[thegreatgeraldo] 08/1/2020 10:24

4thRifles
8 Jan '20 - 10:02 - 7595 of 7597
0 0 0
Exactly my point...of course we import oil and gas...but any situation where you can reduce this exposure to this has to be preferred option.

...You seemed to be suggesting some sort of national energy policy when you posted,

"In these days of enhanced political unrest and at the commencement of our Brexit exit, it is vital that the UK can 'identify & ring fence' oil and gas reserves that are accessible and sufficient in size...."

[ngms27] 08/1/2020 10:20

My point would be that this board has been overly optimistic since the 13/12/2019 RNS and this might not be correct.Ultimately I don't have the answers but will examine all possibilities and associated outcomes.

[4thrifles] 08/1/2020 10:10

Of course...this is a risk....but my point is that the 'uninitiated shareholders' may take the limited information so far examined and be negative in view. My point is that this is not necessarily the case...

[4thrifles] 08/1/2020 10:02

Exactly my point...of course we import oil and gas...but any situation where you can reduce this exposure to this has to be preferred option. That’s all I am saying...For instance, on gas (not relevant to this thread) we are becoming more reliant on gas supplies from areas of the world where by ‘managing pipeline supply or by impacting on LNG shipping supplies...we could be significantly exposed.

[ngms27] 08/1/2020 10:01

Or the fractures weren't well enough developed or had been mineralised when compared to Lancaster?

[thegreatgeraldo] 08/1/2020 09:57

4Rifles
8 Jan '20 - 09:00 - 7587 of 7591
0 5 0
In these days of enhanced political unrest and at the commencement of our Brexit exit, it is vital that the UK can 'identify & ring fence' oil and gas reserves that are accessible and sufficient in size to reduce the risk of energy shortfall for the future. Of course we are looking at alternatives for energy and major progress is being made in this direction, internationally and in UK. However, oil and gas are a 'required' staple for at least the next 50+years in the UK.

..Eh? We import a lot (close to half?) of our gas currently - fom Norway, Qatar & Russia mainly....not sure we'll be using much gas in 30 or 40 years time though. Also the UK is back to being a net importer of crude.

[4thrifles] 08/1/2020 09:57

Ngms27...no I don’t honk re-orientating wells with already high PIs will make much of a difference...cos in those wells Hur have ‘hook or by crook’ proven successful. However with wells like Warwick West that produced at 1500bopd on limited test. There mane reasons for this...
1. The well has not cleaned up properly yet (very likely)
2. The lateral well did not optimally penetrate the best orientation/density of fractures or...
Most likely a combination of both!

[stepone68] 08/1/2020 09:40

Please keep posting ngms. All views are welcome, whether from holders or not.

Cheers,
StepOne

[idleduck] 08/1/2020 09:35

4Rifles
Well stated!

[ngms27] 08/1/2020 09:34

Do you really think reoreintating wells with such excellent PIs will make any difference? I don't.I do however agree that the CMD in March is now massive and I will be waiting until after then before considering reentry.

[4rifles] 08/1/2020 09:16

One other very important point is in relation to fractured fields. Dr Trice is an expert in this field and brings in knowledge for working fractured fields in Norway, Middle East and Italy to name a few.

Hurricane are reprocessing seismic to help them better image the subsurface fractured reservoir. This is a vital tool as it could help them to identify the 'sweet spots' in the reservoir where greater productivity can be expected. This type of high tech imaging has been used successfully in other fields all over the world. The technology helps to identify areas of enhanced fracturing (fracture density) and also the orientation of fractures which is so vital for lateral well drilling.

As an example, a field that Dr Trice worked on in Europe, successfully used this technique, coupled with appraisal drilling, to increase from the same well which had a PI (productivity Index) of less than 5 to over 90 by redialling and re-orientating the lateral well from the same location. In my opinion, this may well be, a direct analogy of what can be achieved in the Hurricane assets. Just because you have short term 'lesser flow' in an exploration well does not right off the area, it may just need that 'technical tweak' that only new data can identify.

In wells, Hurricane found oil last year and have collected the samples to look at oil type etc to see if it is the same oil pool (as Lancaster) or different. In each well and productivity test new data comes in and it takes time (not just to collect the data) but then to analyse it. Lets just let them get on with their work and wait for March for the initial feedback promised. I for one believe that Hurricane deserve our faith and respect rather than the day-to-day call for RNS updates.

[saucepan] 08/1/2020 08:50

What is wrong with a "short" agenda? It takes both sides to make a market, and bulls should do well to consider whether the bear case has merits.

(No position currently)

[gisjob2] 08/1/2020 08:43

Stop feeding ngms27, he's a sad man with an agenda, who doesn't hold any shares. It's pointless engaging with him. Just filter him, you'll feel cleansed.

[ngms27] 08/1/2020 08:37

Telbap, if people suggest what I've said is wrong or post non factual information then I reserve my right to reply.