Hurricane Energy Share Discussion Threads

[laptop15] 23/10/2020 09:20

https://twitter.com/laptop1515/status/1319554055564333062?s=19

[laptop15] 23/10/2020 09:16

Loads of buys stacking uo guys L2 has 4 million stacked up to buy vs only 2.1 million sellers and a nice few gaps so this could pop today to the upside finally

[mhin2] 23/10/2020 09:06

agna, now maxed...happy with my 2.465 at mo...

datait, I expect rise in oil if biden wins

[datait] 23/10/2020 09:06

I have sold this morning oil has further to fall happy just making a profit for now.

[agnabeya] 23/10/2020 08:58

mhin2- FWIW I got some this morning at 2.5p. If you’re looking for lower now’s the time. Everything usually falls when I buy :( GLA

[ngms27] 23/10/2020 08:17

Sorry had to break my silence on that comment.It isn't due to a single research paper that I suggest a WI won't work, that's just one piece.1) Yes a paper based on Vietnam FB concluded that WI has no economic benefit when water cut is above 20%2) Pharos from where our new CEO left many months before coming to HUR have started using gas injection as the WI became untenable 3) Adding a WI will provide pressure support but it will also push up the OWC. With a single producer this means more water will be produced affecting what rate of oil can be produced from the well4) Siting a WI isn't straight forward in FB and more so in a complex FB like Lancaster. There is a real possibility that it won't succeed at increasing pressure a Well 65) By the time the WI is drilled and working what will be the production and water cut of well 6? Too little too late?Back to my slumber.

[thegreatgeraldo] 23/10/2020 08:16

Leoneobull
23 Oct '20 - 07:00 - 20759 of 20761
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I'm not sure why HUR would suggest a 75 million usd WI and that this could allow them to tap additional contingent resources,

..Where have HUR even suggested that? You really should read what the company are telling you...always a good point to start

[whitedukejay] 23/10/2020 08:04

Whitey. " Uninformed". That's a bit harsh

HaHa sorry it was not directed at you it was a generalisation on every one outside of CA,on their claims

[pro_s2009] 23/10/2020 07:14

On point there Leoneobull.......they have stated nothing, only suggested.

They could suggest drilling a deviated hole from the North Sea that comes out under Saudi Arabia, it would be a suggestion. Suggestions are just that, some stupid, some mislead, some viable, some impossible.

The next update is the one where they will have to :

Update the water cut on well 6 (has it increased?)

Give a firm plan of intervention, or admit that they still dont know what to do as everything so far discussed wont work and so are still studying (eg keep taking the money and delay delay delay).

Thats the 2 key points.

Fudge or bad news on either and the selling will increase and 1p levels will be tested.


All the talk and bluster between now and when that update is released is just that.......nothing matters what is said on the bulletin boards, the next update is the only thing that matters....and again will likely be a 50% up from 2.5p or a 50% down from 2.5p event.

[leoneobull] 23/10/2020 07:00

It is similar to NGMS stating a WI won't work without additional intervention. He could well be absolutely correct, but the evidence posited for this is a single research paper on FB in Vietnam.I'm not sure why HUR would suggest a 75 million usd WI and that this could allow them to tap additional contingent resources, given that AM worked in Vietnam for 15 years? But I'm not an engineer so I will not be able to argue technically on this....

[leoneobull] 23/10/2020 06:54

Whitey. " Uninformed". That's a bit harsh. I am well researched on HUR and it's acreage and evolution and disappointments. I'm simply not a reservoir engineer or an engineer. the oil people here and engineers seem to take perverse pleasure in asking technical questions to those outside the industry that only HUR themselves could answer.

[leoneobull] 23/10/2020 06:51

Yes, do us a favour TTG and take it up directly. Your motivations are unfathomable. I don't think you are short, more a pedant par excellence. If sbdy posts A, you will immediately post B, the contrarian. Many questions you pose to others, but rarely suggest answers. A pity as you clearly have valuable knowledge.

[whitedukejay] 22/10/2020 23:55

"CA don't have to justify their views & actions to anyone but their shareholders."

Exactly buddy ,you are looking for answers from the uninformed and you are perplexed when you dont get any.

Really not sure what your agenda is.

[thegreatgeraldo] 22/10/2020 23:37

whitedukejay
22 Oct '20 - 23:11 - 20754 of 20754
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"take it up with the company."

TGG this is all a bit rich ,you are the one that ask`s endless questions and wants answers to impossible questions to any one outside the company,i advised YOU! to take it up with the company on water below the owc, you obviously did not or they chose not to answer a request from an unconnected party .

...If the idea of significant oil below the OWC came from HUR, it would have been in the interims announcement. It wasn't, so the oil below OWC is a CA invention/inspiration. Quite simple, really. I've previously pointed out, CA don't have to justify their views & actions to anyone but their shareholders.

Really not sure what your problem is.

[whitedukejay] 22/10/2020 23:11

"take it up with the company."

TGG this is all a bit rich ,you are the one that ask`s endless questions and wants answers to impossible questions to any one outside the company,i advised YOU! to take it up with the company on water below the owc, you obviously did not or they chose not to answer a request from an unconnected party .
The odds on any person existing on this earth are trillions to one,i feel you are wasting your odds, go well my friend .

[mhin2] 22/10/2020 21:06

All will transpire in good time...in the meantime lets hope Hur generates surpulus, at least breaks even, Well 6 continues to produce and Lanc is being replenished with oil from the wider area. Lets also hope oil prices recover to what Goldman Sachs predict, the corp bond ceases to be so significant...etc. etc.

Also if there were just under10.8 m sold and just over 4m shares bought...where have the shares gone...or are the buys and sells more even than the contrived spread disguises. In which case, who is buying, and who is selling?

In the meantime be thankful Hur does not have billions of debt, nor is losing every quarter...

[kaos3] 22/10/2020 20:38

CA sherholders latestchanges - I wonder if Bernstein did not invite them in - to band together (under his leadership) with combined power to do some larger projects like HUR?

or he is under attack

who knows -all options open

[sirmark] 22/10/2020 19:50

I am a holder and also topped up this morning that said i find it strange on why CA haven't continued to buy when they was happy to buy at 3p plus

[thegreatgeraldo] 22/10/2020 19:48

Leoneobull
22 Oct '20 - 18:38 - 20747 of 20749
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Gerald. I'm exceptionally busy working long hours

...So what. Still doesn't explain what the following nonsense was about. ..........



eoneobull
22 Oct '20 - 18:05 - 20744 of 20749
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Gerald. 14500 from a single well? Dont tell me there's little oil there.

....No idea what prompted the above bizarre outbiurst.

[mhin2] 22/10/2020 19:36

thx again laser...where do you get the info?

[d1nga] 22/10/2020 19:14

Not to mention Foinaven which was the first wos frontier producer 1997, was BP biggest earner in the UK at one time but BP does not appear to promote the information too much as they never were the duty holder

[leoneobull] 22/10/2020 18:38

Gerald. I'm exceptionally busy working long hours. I dont have time to take it up with HUR, not right now . I have however spoken with HUR directly in the recent past. I'm simply asking has anybody else spoken to them post September 11th ?

[laserdisc] 22/10/2020 18:28

Lincoln well co ordinates 60°07.102 003°55.085
Grampian sovereign last update 6 hrs ago 60.10.3242 3.53.0719
Remotely Operated Vehicle on board so looks likely lincoln pressure being checked over

[thegreatgeraldo] 22/10/2020 18:19

eoneobull
22 Oct '20 - 18:05 - 20744 of 20744
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Gerald. 14500 from a single well? Dont tell me there's little oil there

Not really sure what you're refering to, not for the fist time. Amyway. this is what the company say,


..."remaining 2P reserves at 1 September 2020 are estimated at 9.4 MMbbls (subject to economic limit test)...."

If you don't like it, take it up with HUR. You'll note that what they're calling 2P reserves are quite heavily qualified. Again, take it up with the company.

[leoneobull] 22/10/2020 18:05

Gerald. 14500 from a single well? Dont tell me there's little oil there. There must be something they can do with an intervention....