Hurricane Energy Share Discussion Threads

[mhin2] 21/2/2020 00:14

Volsung, I got an opportunity to add cheap....now increased my holding just under 5 fold. The longer there is no news to report we can only assume all is going to plan...and CMD gets closer, cash should be increasing, Spirit sale progress (and consequences) will be clarified etc....oh and Brent is well off its recent lows.

[mhin2] 20/2/2020 23:20

Thanks for that Tournesol, I was not aware. Much appreciated. I am working on the assumption that the FB model is being proven as viable, and if so there is plenty more to come...so CMD will be important for trajectory/lift off....so far so good (I say that because I assume that Lancaster is performing at/above expectations and Warwick was acceleration of a more doubtful area hence why Dr T and team did not drill there first and were willing to allow Spirit in)....school starts on Monday!

[tournesol] 20/2/2020 22:53

mhin2

you've omitted one of the most significant events that ought, in a rational world, to unlock a substantial valuation increment.

At present the EPS has a contracted lifespan of 6 years and the 37 million bbls of 2P reserves that are booked correspond to the oil that should be produced during that time period. If the EPS gets extended to 10 years then 2P reserves will increase to 60 million bbls.

That would represent a very significant real increase. And it requires no additional investment at all. What is needed is for Hur to confirm that the Lancaster EPS is able to do it and the reserves could be booked more or less overnight. (Obv need to extend contracts for AM and ancillary services, but that would surely not be too difficult).

[whitegold1] 20/2/2020 20:16

British Bulls Hur is now in a violent spasm ... Buy I say, buy! Lol.

[tournesol] 20/2/2020 20:14

Crikey, hasn't taken Commander Bond long to make an impact here has it?

[laserdisc] 20/2/2020 19:27

Steel that's correct ,Petroatlantic still holds kracken oil there was no change to draft markers on either vessel as you say North sea also watching

PMO holders Can report Navion Oslo now left Rotterdam today for a Catcher oil collection

[steelwatch] 20/2/2020 19:24

Laser - may have missed it, but I don't think Petroatlantic has transferred the Kraken cargo yet. Wondering whether Luzon Spirit has a problem as it's been messing about in the Moray Firth for several days now and was visited by a platform supply vessel. As you may remember, I had it earmarked for the STS to begin with, if not the tanker at STS 1. SCF Provider has just departed and Petroatlantic didn't move while that tanker was in the anchorage

[laptop15] 20/2/2020 18:38

https://twitter.com/laptop1515/status/1230562165821566977?s=19

[bocase] 20/2/2020 18:37

Well. What a good day for a change. Playing golf in Jerez today but took longer to read the posts than to play 18 holes. Good luck to all for tomorrow

[maturo] 20/2/2020 18:10

Oil price higher but losing ground at the end, so no wonder the other oil stocks were also losing ground as the futures were pointing to that.

[amaretto1] 20/2/2020 18:04

Have u seen anything of Zengas ?From back in the day.

[whitegold1] 20/2/2020 17:06

Hello ... we.ve had a good day, but it.s just that until we see further hard evidence of progress, or an rns. Definitely ii.s battling it out but what.s the reasoning ? Goodness knows. Key resistance level just built I suspect. Also, there s going to be a big juicy white candlestick on many a chart. Might get some positive sentiment. Sliw stoch, macd, rsi on a weekly basis looks ripe for turning. Remember too that Hurr is leaky. Lets hope an rns was put in the system this afternoon. Gonna be fun tomorrow for sure.

[thegreatgeraldo] 20/2/2020 17:04

ello31
20 Feb '20 - 16:34 - 11420 of 11422
0 3 1

* LC NOT NOT NOT abandoned - nobody can answer why OGA would want to nor why Spirit walk away from well flowing at commercial rates when they are also taking on Lincoln commitment wells requirements for 2020.

- LC Tie-In is delayed by 12 months at most

..I'll wait for the RNS.... ;-#))

[geezoir] 20/2/2020 16:48

Thanks guardian.

[hello31] 20/2/2020 16:34

TG

"The retail buys are getting larger. "

Thanks for the confirmation.

Up to now they were having to catch a falling knife that fell to sub 15p.

So what's changed on Feb 20th:

20 days of NO RNS means at least 20 days of

* 20k b OIL pd with NO NO NO NO MATERIAL change in WC or in Hurricane’s view that it is PERCHED water.


* Offload evidence coming soon :

23 jan -31 Jan @12,5000 bopd well 6 = 100k barrels
1 Feb to 20 Feb @ 20,000 bopd incl 7Z = 400k barrels

Expect circa a500-540k offload dependent on ramp up level and ramp up period but there MAY be couple of days where production halted due to 80mph winds

* LC NOT NOT NOT abandoned - nobody can answer why OGA would want to nor why Spirit walk away from well flowing at commercial rates when they are also taking on Lincoln commitment wells requirements for 2020.

- LC Tie-In is delayed by 12 months at most
- The high-resolution gauges in the wells are also providing pressure measurements that can be used to refine the oil gradient and the estimate of the deepest oil-water contact (OWC).
- Hurricane need LC NOT to be plugged and abandoned to see the impact from the new commitment wells on Lincoln and whether it is one giant field.

* 75% AM upgrade work related to LC Tie in will be by Spirit – Cash requirement does NOT NOT become an issue for Hurricane as assumed by some posters.

* OAG requirements for Commitment wells - if successful will be source of future horizontal wells that adds to their success as with Lancaster EPS.


* Expect RNS before CMD regarding the rig and drill schedule

"The retail buys are getting larger" or do I just have "rose tinted on"

A 1p rise in one day is nothing -

So Warwick is a failure but it was never in the share price of 49p and for the share to be decimated from 49p to 39p

There was no reason for the rumours of the off loads in tankers being full of water and diverted to Germany and for the share price to be decimated from 39p to 25p

There was no reason for the acceptance that LC will be abandoned when they were requesting a delay and for the share price to be decimated from 25p to 14p

Forget the takeover rumours, expect no less than the reversal back to 49p at a minimum for now.

[avsome1968] 20/2/2020 16:34

About bloody time, might have a small top up first thing , not much mind you don't want to put a dampener on it.

[the guardian] 20/2/2020 16:32

That's the best day we've had for a while. Let's hope it continues tomorrow.

I could live with being 1p up each day.

[m5] 20/2/2020 16:31

AT trades flying in, so now its walk it back up time.

[avsome1968] 20/2/2020 16:30

wow 16.63p bang on more tomorrow please.

[pinemartin9] 20/2/2020 16:30

Wow! What a day!!

[avsome1968] 20/2/2020 16:24

trades are flying through M5?

[pensioner2] 20/2/2020 16:24

Big boys piling in. Something's cooking.