Hurricane Energy Share Discussion Threads

[cobra kai] 07/12/2020 18:05

I got out of my Dojo on Thursday, we gonna karate mms's faces all the way to 15p-20p. I want to make some money on this shs gambling malarkey like the experts here, and have the fund to open my own dojo and become a sensei.

My sensei has put me in attack mode, his command is kill kill kill MMS.

CK
Strike First
Strike Hard
No Mercy.

[htrocka2] 07/12/2020 14:44

Related item.

[bearnecessities33] 07/12/2020 12:09

Any potential loss in production is a likely gain in Brent price.

[thefrontdoor] 07/12/2020 11:52

Another factor to take into account...

[onlylongterm9] 07/12/2020 11:30

O&G M&A is certainly gaining momentum along with the POO, and with the major lack of investment in the industry (particularly in exploration) since the late 2014 oil price drops, this trend is likely to continue for sometime. As for HUR, in addition to these tailwinds, a lot will also depend on the upcoming company updates/forward plans but being so incredibly oversold here, I think even a whiff of positives can takes this crazy low share price into double figures within a relatively short period of time, so GLA, and certainly hope that we all have a "very merry Christmas" here ahead.

[tournesol] 07/12/2020 10:50

...last chance to get in here before the big BOOM!!!

Many a true word…..

[telbap] 07/12/2020 10:37

@kaos......time running out.......Every company in every sector would have the same last minute deal.....every waiting to see who blinks first, brinkmanship at its finest.Every time I think hur is finally dead, they seem to plug another hole. I almost feel compelled to re invest!

[valueinvestor17] 07/12/2020 10:21

O&G M&A pick up, particularly in the North Sea, and specifically this one, puts a big spot light on the now very much undervalued HUR, and with POO on the rise, we could get an outstanding premium here with any potential takeover/bids IMO.

hxxps://www.energyvoice.com/oilandgas/north-sea/284194/centrica-sell-spirit-energy/

[thegreatgeraldo] 07/12/2020 09:07

Leoneobull
7 Dec '20 - 05:29 - 21799 of 21806
0 4 1
Sorry, happy to answer questions from current holders, but not bitter ex-holders.

..The cummings/trump approach..... liberally spread BS, then repeat ad nauseum. Don't even try to back up the BS claims, just shout FAKE NEWS when folk challenge the BS you're spreading.

Have fun ;-#)))

[wildsheroo] 07/12/2020 08:34

I'll be happy when this goes back to 12p.

[kaos3] 07/12/2020 07:36

not in a jellyfish scenario - which I think (and hope) is a case

[ngms27] 07/12/2020 07:32

Sure, another well on its own also isn't the answer due to depleted reservoir pressure and the likelihood of hitting bubblepoint early in the life of the new well.

[kaos3] 07/12/2020 07:28

as I agree of no use of water injector (butwtfdik ???) to solve the current situation

can someone explain to me the cost difference summa summarum

water injector
vs
new straight and simple, short horizontal sweet spot producer

as it makes low sense to me - what they are doing

and also not commenting on bringing the finances in order - no plan, no activities taken and the time is running out (as if they do it all on purpose)

[ngms27] 07/12/2020 07:19

Essentially supports my supposition over water cut and highlights why a water injector on its own won't be a solution.Also verified what I've stated about low permeability reservoirs and how after the initial good flow, long term flow reverts to general matrix permeability, in this case the smaller fracture network once larger fractures near the well bore had been depleted. Stable state then maintains for an extended period.However that's not the case here for the following reasons:1) it's not just the 7z toe in the water 2) the CNV field wells weren't close to the original OWC3) the productivity of well 6 from the sandstone is unknown. Previous well tests into the overlying sandstone were non commercial

[leoneobull] 07/12/2020 05:29

Sorry, happy to answer questions from current holders, but not bitter ex-holders. Here's another post from multibagger 2022. As always, DYOR. No investment advice etc.Multibagger2022Posts: 18Price: 4.20No OpinionPharos compared to HurricaneSun 12:09Pharos Energy information: Hur CEO Anthony Maris was COO for 15 years:- Pharos CNV FB field in Vietnam had 7.5k bopd rapidly rising to 13.1k bopd and back to 7.5k over 1 year (08/09), then gradual decline to 5k bopd over 10 years- Water injection implemented after 2 years maintained reservoir pressure below bubble point, avoiding secondary gas caps- Water cut below 5% for 5 years, then 10 to 20% with a couple of 50% spikes- Production from 4 wells, 2 not producing much, 1 well more prolific- Continued low decline rate anticipated to 2030- Watercut on 1 well reduced from 80% to 57% with sidetrack, expected to drop further- water injection line converted to gas supply to provide gas lift in 2019My take on this:- Rapid decline in initial production is normal in FB, then level off and slow decline rate lower than many sandstone reservoirs- WI works and implementing after 2 years is normal- Water in FB wells is normal- Sidetrack when you get high WC is normal in FBMain difference to Hur:- Vietnam WC low for 5 years before 20% being average, Lancaster well 6 already at 19%, possibly due to close proximity and instant interaction with 7z which is too deep (toe in water)- Lancaster production double Vietnams, possibly due to long horizontal in granite and then into sandstone, was this deliberate test from RT or accidentally found themselves a method for a super producer from multiple sourcesMy thoughts:- As well as WI to maintain pressure and avoid bubble point, 7z sidetrack into sandstone to make another super producer seems an increasingly attractive possibility with extraction infrastructure already in place, plus potential to isolate 7z heel to reduce WC on well 6- RT departure and sad death of COO NP may have left an FB knowledge void during technical review, so as CA commented the review is persuasive but not conclusive (well done Bev for taking that on, many would have run for cover)For balance, risks:- Oil price below $35- WI uncertainties- Funding uncertaintiesNon risks- Falling production, it's normal - actually not a steep fall initially as in Vietnam- Is 19% WC on well 6 really a risk?.....or just well connected to 7z which is too deep with toe in waterSeems to me we have gone from over optimistic (to get funding) to over pessimistic (to remove RT?), now is the time to be realistic.I maintain my DCF 30p price target for 2022 assuming all goes well, 20p buyout target, and dare I mention it 40p 2022 target with 7z sidetracked, plus Lincoln (and gas tie in) taking us to close to 35k AM fluid capacity (28k bopd with 20% WC).Farm in/out could change this giving further potential for sandstone drilling and funding to develop other licences, in exchange for % stake in Lancaster and other assets. Difficult to value this situation except to say I think it will be positive to the share price and quicker that developing alone.

[deltalo] 06/12/2020 21:02

That goes to you also, you don't hold but posting all w/end tells me your worried and are short or waiting to buy lower, just makes all holders and potential buyers more reason's to buy. Very happy your here and seen it many times in the 26 years of trading. Cheers.

[deltalo] 06/12/2020 20:52

You obviously don't understand the value here then, best if you look away in the coming weeks. Why are you here on a Sunday night I might ask lol.

[thegreatgeraldo] 06/12/2020 20:45

Leoneobull
6 Dec '20 - 06:07 - 21783 of 21795
0 16 3
Post by multibagger 2022 on LSE
Disclaimer. DYOR.........

......Or enterprise value £231m = 11.6p


........ As has been pointed out, the whole post & the assumptions it's based on is carp. The person posting it is being disingenuous in the expreme or doesn't have a scooby's. I've picked out EV as a glaring example.

EV is m/cap +net debt (in HUR's case).......it's what it would cost a buyer to buy a company at its current share price & allowing for net cash or debt......

I don't understand the thinking behind copy & pasting it here?

[tournesol] 06/12/2020 19:19

raggedtp

no, I have no Hur shares, none of the CB's and no exposure via spreadbets or derivatives. Nor am I short.

I used to have a large shareholding - 20% of my total portfolio. But I realised it was going wrong and sold up some months ago. At first I kept an eye on it in case it started to recover when I would have considered re-entering. But as time went on I came to regard it as uninvestable unless and until something significant happens. My reason for still posting occasionally is what I regard as continuous misinformation and exaggeration of the bull case by some posters, the effect of which is to obfuscate the sad reality of the situation.

It seems to me that you don't have to do much research to see through most of the positive comments.