Hurricane Energy Share Discussion Threads

[ngms27] 11/12/2020 14:39

deltalo,

You may have noticed that current liftings are now much less frequent highlighting the fact that they are now producing less oil...

[deltalo] 11/12/2020 14:15

Revenue with increase as the oil prices increase.This was the last financial statment 11 September when oil prices were below $40, InterestingFinancial results-- Revenues of $81.9 million in H1 2020 from seven liftings of Lancaster crude (H1 2019: $22.5 million)-- Despite the significant volatility in oil prices during the period, the Company generated $21.9 million (H1 2019: $6.1 million) of operating cash flow due to low cash production costs of $18.2/bbl (H1 2019: $24.0/bbl)

[thegreatgeraldo] 11/12/2020 13:33

neobull
11 Dec '20 - 13:21 - 21916 of 21916
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HUR will propose how to fund it....in conjunction with their stakeholders, major equity holders and bondholders

....So you're going for a placing along with an extension for the convertibles.... guess we'll have to wait & see.

[leoneobull] 11/12/2020 13:21

HUR will propose how to fund it....in conjunction with their stakeholders, major equity holders and bondholders

[thegreatgeraldo] 11/12/2020 08:43

Leoneobull
11 Dec '20 - 05:28 - 21909 of 21912
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It ought to be easier to get the FWP signed off with Brent at 50

..What does this even mean? How are you proposing HUR are going to fund a work programme?

[laserdisc] 11/12/2020 08:26

Thanks jacks it could be a substantial reservoir on its own ,that was the thinking back then. Happy to wait for the review

[leoneobull] 11/12/2020 05:28

It ought to be easier to get the FWP signed off with Brent at 50 compared with say dark days of presenting the CMD with Brent at 16 USD....Given the bondholders mainly bought at par, with limited freefloat, I can imagine them kicking down July 2022 down the line and or agreeing to a lower equity conversion price...Let's hope news comes pre end of year....unless it's a catastrophic increase in WC and imminent lights out Hahaha

[telbap] 10/12/2020 22:21

@whitedukejay.......I called NGMS27 over 2 years ago.....I totally agree, he/she needs help.

[whitedukejay] 10/12/2020 21:51

..Aye, the current ball has landed on a spiked railing & is rapidly deflating

I wouldnt go that far in ngm repetative posts ,but i understand what your saying

[thegreatgeraldo] 10/12/2020 20:43

whitedukejay
10 Dec '20 - 20:37 - 21905 of 21905
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Maybe the ball needs replacing with a new ball.

..Aye, the current ball has landed on a spiked railing & is rapidly deflating

[whitedukejay] 10/12/2020 20:37

"Text book example of playing the man not the ball... all too common on this thread"

Maybe the ball needs replacing with a new ball.

[jacks13] 10/12/2020 20:33

Here is the Malcy interview with Dr. Trice from back in June 2016

TipTV:

It’s interesting with the benefit of hindsight to watch and listen again to this recording. The positive spin given by Dr Trice to what in reality turned out to be a far more speculative and problematic venture than he painted at the time.

There’s mention of the Victory sedimentary sandstone on which the Company’s interest is now perhaps being focused. Gas export infrastructure is confidently speculated upon and a 50 to 90 million barrels/8-years duration early production system is offered as a sort of get-out-of-jail ticket.

After some 840 millions of capex and a significant corporate bond debt the Company finds itself short of its base case estimate of 200 million barrels recoverable and seems in need of yet more hefty sums to get the show back on the road. Instructive viewing on the perils of investing in E&P; especially for long-term investors.

[thegreatgeraldo] 10/12/2020 20:11

whitedukejay
10 Dec '20 - 19:36 - 21902 of 21902
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A classic attention seeking statement by someone suffering a Borderline Personality
Disorder


Text book example of playing the man not the ball... all too common on this thread

[canetois] 10/12/2020 18:01

deltalo: "This was trading at 15p back in march when the oil price was last at 50 dollars."

You mean when we had more of it.......................apparently !!

[thegreatgeraldo] 10/12/2020 17:32

Indeed....proven reserves pretty much gone in a year's time (taking a best case scenario).....contingent - now you see them..... & prospective...get back to you on that...


....... still, oil's back over $50!!!

21 the score to beat ;-#))

[ngms27] 10/12/2020 16:59

You mean when they said they had over 500m barrels...

Less than 6m recoverable at present...

Apples and Pears so way over valued on a price comparison metric!

Lets see how many down votes I can get, I think my records 21

[thegreatgeraldo] 10/12/2020 16:39

deltalo
10 Dec '20 - 16:16 - 21894 of 21895
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This was trading at 15p back in march when the oil price was last at 50 dollars.

..Hard to know what to make of a comment like this....I've assumed there's no irony involved.....