Hurricane Energy Share Discussion Threads

[pro_s2009] 18/12/2020 07:06

Did you read it LeoNeoBull


.........The field may then be decommissioned, with potentially limited or no value returned to shareholders..........

[pro_s2009] 18/12/2020 07:05

So........

Water cut up from 19% to 23%


And.......possible big dilution coming, and if no funding agreement is made, the wells will be run until they become uneconomic and then the company shut down.

Pretty much as expected......... NFG.


...........It should be noted that there is a risk of dilution to existing shareholders from a possible restructuring and/or partial equitisation of the convertible bonds. Furthermore, if no agreement can be reached with the Company's stakeholders on additional investment, further development activity at Lancaster might not be possible. In such a scenario, Lancaster could continue to produce from existing wells before reaching the economic limit, the timing of which would depend on oil prices, actual production levels delivered and the level of cost savings achievable. The field may then be decommissioned, with potentially limited or no value returned to shareholders. Notwithstanding these risks, the Company will endeavour to secure the best possible outcome for all stakeholders. ..........

[lawsy24] 18/12/2020 06:42

Let’s hope it’s a nice surprise

[ngms27] 18/12/2020 06:39

If you go down into the woods today...

[jtsouthern146] 17/12/2020 21:39

Industry makes a lot out of ‘technical work’ and some elements are valid but fracture modelling is a bit of a nonsense. You have big depositions of rock that get broken up and you don’t know where the fractures are or how they behave but can spend a lot of hours and computing time running big simulation models based on fracture densities from well logs which represent a tiny prt of field. Simulation models only as good as where you draw the fractures in them and in any case in reality you can’t model fractures with 50*50m simulator grid blocks. BP and Hurricane have invested billions on Lancaster and Clair phase 2 and are finding fractures lead to early water despite all their modelling. At the end of the day fractures reservoirs are a bit of a punt. I’ll stick to my central North Sea high quality paleocene formation.. oh wait it’s all drilled!

[thegreatgeraldo] 17/12/2020 21:14

I did point out that a lot of work had been done understanding the fractured nature of Clair ( & incorrectly Schiehallion!)

[chessman2] 17/12/2020 21:13

I think many of us lost a lot of cash here, me probably more than most!!

[jtsouthern146] 17/12/2020 21:10

Apologies I lost a lot of cash on hurricane despite knowing better and always considering a punt just cos you never know. Just annoyed at myself not you :-p

[jtsouthern146] 17/12/2020 21:08

Schiehallion is not fractured. Indeed Clair is fractured hence I didn’t point out that it wasn’t. Although worth pointing out that Clair phase 2 is performing similarly to Lancaster.. good old fractures..

[thegreatgeraldo] 17/12/2020 21:05

Jtsouthern146
17 Dec '20 - 20:20 - 22011 of 22012
0 0 0
@thegreatgeraldo schiehallion isn’t fractured.


..OK... & Clair?

[wildsheroo] 17/12/2020 20:30

Is there any update due from this company in near future?

[jtsouthern146] 17/12/2020 20:20

@thegreatgeraldo schiehallion isn’t fractured. Why post something when your knowledge is limited?

[jtsouthern146] 17/12/2020 20:16

Has anybody ever gone back and looked at CPR predictions for North Sea vs actual reality. CPs are paid by the company who’s interest it is to have higher reserves.. on hurricane they overlooked the fact that below the new contact depth every sample could gained water.. at what point will we wake up and realise the whole thing is a con and competent persons reports aren’t worth anything until done truly independently..? End of rant.

[thecomposer] 17/12/2020 19:36

@tournesol, As an “AIM-listed company”, and as per AIM rules, HUR has to update investors on regularly expected events such as Production related matters as a priority, operational surprises, wether to the downside or upside are not regularly expected occurrences, hence, more leeway. Also certainly noteworthy here that you also seem have an “exemplary track record” of nonstop pure one sided negative only commentary when it comes to HUR, so no surprise here I guess either.

[tournesol] 17/12/2020 19:18

...If there were issues with Production/Water Cut, it would have certainly been communicated by now…

Yes. Hurricane has an exemplary track record of timely disclosure of price sensitive information - reserves downgrades, water cut, OWC redetermination, subsurface models, drilling plans, remedial activity plans, JV partner committment……….

Nobody can possibly have been surprised by any breaking news in any of these areas…….

[laserdisc] 17/12/2020 17:57

Iunderstand it was some elec equip on fpso happenned around 9th nov was put out quickly thats all i know
Tanker NAVION OSLO should be moving

[thegreatgeraldo] 17/12/2020 17:50

PMO issued an update yesterday, didn't mention that there'd been a fire at Catcher, just that a problem had been resolved...& that after finally getting some useful production from Solan, that was currently down for generator repairs

[laserdisc] 17/12/2020 17:34

GRAMPIAN SOVEREIGN supply vessel was offloading today
2020-12-17 14:39 LT (UTC)
2020-12-17 17:01 LT (UTC)

steel re tide spirit it has sailed but been off radar today still enroute Aberdeen . Anyone in pmo tanker on its way for a sunday offload @ catcher.. re catcher now on line all ok now, after fire a few weeks ago

[thecomposer] 17/12/2020 11:04

If there were issues with Production/Water Cut, it would have certainly been communicated by now, hence, no news here with POO on the rise and gaining momentum is actually very good news indeed IMO, and provides HUR management with much further leverage on any forward planning/relating discussions moving forward.

[telbap] 17/12/2020 08:42

@Leo.....Marcy is a little pie-eyed recently....trouble reading his own stats....

[deltalo] 17/12/2020 08:04

Oil on the up again, just under 52 dollars, looking better all the time for hurricane

[ngms27] 17/12/2020 06:59

OK it's possible the testing of the two wells fails to produce commercial flows of gas. If this were to be the case the shares would be trashed and you'd be revelling in other people's misery.Kettle, black and pot spring to mind.

[leoneobull] 17/12/2020 06:21

Note to those following Malcy.huge fan of Touchstone ...kiss of death 2021?