Hurricane Energy Share Discussion Threads

[soilderboy] 23/11/2020 22:54

I think we are due an oprational update anytime. It's been nearly two months since the down grade. Must have been decisions made by now!

[laserdisc] 23/11/2020 15:27

looks like sumburgh for a pick up

[laserdisc] 23/11/2020 15:08

over AM presently now returning Dyce following bp helicopter from glen lyon
grampian sovereign out of Aberdeen this morning for AM left Arco berth around 10.30

[jibba jabber] 23/11/2020 14:54

Well, the assault on 4p failed miserably........again.

[back2basics1] 23/11/2020 14:05

Hedge Fund Targeting 200% Return on Energy Bets:

[whitedukejay] 23/11/2020 10:24

The trends your friend ,i took some in the 2`s now i got some in the 3`s to go with everything between 2.8 -41 GLA

[jibba jabber] 23/11/2020 10:08

I feel like we will have a good crack at 4p this pm.

[whitedukejay] 23/11/2020 09:35

Ha Ha our resident villain makes contradictory statements, he states nothing has changed with HUR since last rns which you could argue is true, yet he still manages to post negative posts most days, which tells you he is either repeating himself or overthinking the position to his agenda ,bit of both no doubt. GLA

[thegreatgeraldo] 23/11/2020 09:16

whitedukejay
22 Nov '20 - 18:21 - 21215 of 21217
0 9 1
"Interesting how you are trying to stifle Hate speech."

corrected for you

...Oh dear. Seems you caught the mood though, plenty of thumbs up.

[laserdisc] 23/11/2020 08:17

tanker has arrived europort 2020-11-23 02:40 GMT Navigation status changed moored ,should be there till tomorrow ,presently anchored ,map of oil and gas berths. Could move to petrohaven berths


edit 24th was in port approx 23hrs 2020-11-23 01:11 LT (UTC +1)

2020-11-23 23:53 LT (UTC +1)

[hyper al] 23/11/2020 07:34

tournesol

Yep you are 100% correct, I did make an error, well spotted!

Made in a mad rush during my lunch break!

Thanks

Al

[prof_glenglad] 22/11/2020 23:34

Timmmmmmmmmmmbbbbeeeeeeerrrrrrr. This looks bad.

[master rsi] 22/11/2020 23:26

Following the UPTREND

[whitedukejay] 22/11/2020 18:21

"Interesting how you are trying to stifle Hate speech."

corrected for you

[ngms27] 22/11/2020 09:01

Interesting how you are trying to stifle free speech. For the record I'm in TXP sitting on a very nice profit and have just entered PANR following the placement to allow appraisal drilling in the spring to what could be a major field.Regarding HUR nothing has changed it's just for members of gamblers anonymous in the absence of more meaningful news.

[sloppyg] 21/11/2020 22:23

There are a lot that seem to forget the markets are about trying to make a return on one’s investment.

Analysing the operating model to death has so far proved to be a pointless exercise and many so called arm chair experts (you know who you are) have lost a small fortune in doing so; yet for some reason, unbeknown to all, consider it still adds some value to try .........a certain definition of insanity comes to mind.

2.5p was staring a gift horse in the mouth. Some are already 40% up and there is a realistic possibility of a circa 400% return in the coming months if one times their exit strategy appropriately.

For context those long term bulls investing in the 40-50 p range (including ipo investors) required £2 for the same ROI.

In my opinion 2.5p represented an infinitely better investment opportunity, on a risk reward basis, than it was in the 40-50p days when it was being ramped incessantly by certain individuals who have since sold at a significant loss; this has always been a binary bet and remains so ( or maybe not now !)

So in the meantime should we spend all our time refining our xl models on hourly water cut sensitivities and subsequently posting incessantly on forums where we have a zero interest OR alternatively invest ones time in actually trying to make some money; one would assume that was a no brainer but clearly not for some .......

[fat frank] 21/11/2020 21:13

Porrohmahnn21 Nov '20 - 03:45 - 21203 of 21211 "According to the website below, that draft, in winter, translates to 527,347bbls of 38.2 API oil."

Once again I need to explain, without criticism, what a ships draft equates to;

'Summer' and 'Winter' drafts are simply maximum drafts that ships are allowed to load to in certain areas at particular times of the year. The reason being that in winter the lesser draft gives the ship a larger freeboard that can prevent damage by rough seas. It's covered by the loadline regulations which was all started back in the 1860's by a chap called Samuel Plimsoll - a man who all of us sailors revere for his regulations which prevented unscrupulous owners from overloading ships.

Now, as I have stated before, you cannot calculate a ships cargo by it's draft alone.

A ships draft x length x breadth x block coefficient x density of water will give its displacement in tonnes. From that you need to deduct lightship weight/ fuel/ballast/fresh water/stores/crew etc etc to give cargo onboard. This is what is done during offload and is known as a Draft Survey.

So a tanker full of ballast WITH NO CARGO ONBOARD can have the same draft as a tanker full of oil.

Complicated I know but I think the good work by laserdisc in using loading times and pump rates will give a more accurate figure of cargo onboard than by looking at draft.

I have a feeling that his estimate of 420,000 - 480,000 will prove unerringly accurate.

After all, the boy has form..........

[sji] 21/11/2020 18:42

ngms27: Not at all. Your model indicated that our offload should have happened in December - 3 weeks too late!

[porrohmahnn] 21/11/2020 17:20

ngms27 does a good impersonation of Fraser from Dad's Army; "Wur dooooooooomed" :-)

[ngms27] 21/11/2020 16:50

Suggests current production is in the lower 12k's which is tracking my model pretty accurately!Sub commercial @ $40 oil in January if its indeed tracking is what my model suggests.

[porrohmahnn] 21/11/2020 10:54

I wonder how often the Lancaster wells have been shut in since the previous uplift? Hurricane are still trying to determine the behaviour of the reservoir and shut-ins are a good way to determine whether Lincoln and Lancaster are connected. Hurricane has already indicated that they believe they are but they will want to prove or disprove this beyond doubt before the next CPR is published early next year.

[sji] 21/11/2020 09:22

laserdisc: Thank you for your valuable contributions. Really appreciated.

If I may add, I think that production of 13.1k bopd might be a bit on the low side in my opinion (even though, a respectable output). Reason is that you are assuming that all oil produced during the period has been offloaded into the tanker.

I go back to our previous estimates of the penultimate offload when we calculated that the offload was somewhat bigger than normal (indicated by the greater change in draught level as well as the time spent offloading which was slightly longer, if I remember correctly). If this is the case, I presume that last time, they offloaded a larger quantity and left very little stock (for some reason). Now, they might have brought the stock level back to normal. Since AM can hold up to 600k boe, I presume that there is a lot of space to store extra production. In that case, production might have been a bit higher than 13.1k bopd.

Obviously, I am only speculating at this point. The timing of our next offload in December might give us more data to work on. However, I am still optimistic that HUR's situation will be positively resolved for us long-term shareholders.