Hurricane Energy Share Discussion Threads

[jacks13] 10/1/2021 11:30

Steve, 230 million 11.55%

[steve73] 09/1/2021 07:30

Surely if CA really thought this would be 12p at some point they'd be adding a few at these lowly sub-3p levels..?

Maybe they have been, but not crossed a disclosure band.. Does anyone recall what their current holding is?


edit.. last notice was 22nd Sept when they went from 8.3 to 11.89%... so they could only add 0.11% before needing to RNS again....

[leoneobull] 08/1/2021 18:15

Agreed Jotoha. I've pointed out before that CA don't own the CBS and they willl be defending their ipequity investment here and standing up to kerogen. I know that bond debt is senior, but as a Ggh Ggh has explained, as the money isn't due until mid 2022 they cannot force a SoA.....unless water cut forces force majeur

[jotoha2] 08/1/2021 18:00

I have been adding with mega profits from DLAR , 35p to 168 and CA gave the signal to buy , so a big fan of CA.

[leoneobull] 08/1/2021 17:50

Jotoha, good evening, are you still holding 3 million? How optimistic are you? Cheers

[jotoha2] 08/1/2021 17:44

Nobody knows where the share price will be in 6 months , 0.2p 2p or even 20p , that is why its such fun , I'm with CA and going for 12p , they have not yet let me down !!

[leoneobull] 08/1/2021 17:43

Tournesol agreed. Ive had people voting me down for months. How same individuals find time to vote down every post I don't know....

[thegreatgeraldo] 08/1/2021 16:46

cashisking76
8 Jan '21 - 16:06 - 22738 of 22741
0 4 0

. Nothing less than 20p here for me, unless of course, a takeover bid comes first



...Easy to pluck a number out of the air....but your 20p equates to a m/cap of £400 million......

..........without the company raising another penny through equity issue & without addressing the $230 million of convertibles.

So what reserve/resource base have you got in your calcs to support such a value?

[tournesol] 08/1/2021 16:35

EB

filtré

fin

[cobra kai] 08/1/2021 16:24

Had 10 cans of red bull today. Knock out stages has started. We have been waiting for this last do or die for while.

The only thing that matters is that you all get tough, many of us will not survive till the end, no members will ever be forgotten. Our Dojo never leaves a body behind.

Do or Die
Cobra Kai




Strike First
Strike Hard
No Mercy.

[evilblues] 08/1/2021 16:10

Deary me. Your French put downs are almost as poor as your oil exploration diatribes. Are you suffering from Brexitisis?

[htrocka2] 08/1/2021 15:03

D1NGA...It's a leverage on the current ongoing negotiations...

[tournesol] 08/1/2021 14:37

Ne me tutoyer SVP. Vous n'avez pas le standing pour ça.

[evilblues] 08/1/2021 14:34

parce que tu es une chatte qui a besoin d'apprendre l'erreur à sa manière.

[tournesol] 08/1/2021 14:29

EvilBlue

Alors ma petite, encore vous vous comportez comme une usine a gaz. Beaucoup de bruit, aroma désagreable, manque de sustance. Pourquoi continuer?

J'ai lu votre contributions aux discussion ici. Ils sont vachment maigre et sans aucun valeur. C'est pourquoi que vous vous sentez qualifié de critiquer des autres?

J'en ai ras-le-bol.

[thegreatgeraldo] 08/1/2021 14:25

tournesol
8 Jan '21 - 12:54 - 22731 of 22732
0 3 2
It's amusing to see the lonely red downwards thumbs that are appended to almost every post.

...I also find it somewhat reassuring -at least I know somebody's read my post!!

[evilblues] 08/1/2021 13:24

I've never come across anyone who loves the sound of their own clickety clicks on the keyboard more than you sunflower. I'd imagine you're a prolific shouter on Twitter too. Hope you can find some peace at some point.

[tournesol] 08/1/2021 12:54

It's amusing to see the lonely red downwards thumbs that are appended to almost every post. Given that there is generally just one and very rarely more than 2, I'm guessing that it's the same one or two people who are doing it. It's pretty sad really that whoever it is cannot find a way to engage in discussion other than by blowing a raspberry in response to every post no matter how thoughtful, insightful, amusing, ironic, informative.

My own approach is to give a thumbs up to all posts that seem to be honest and sincere and which reflect some effort on the part of the poster - even if I disagree with their conclusions. I want this to be a DISCUSSION board not an echo chamber for one particular view.

Still old thumbsdown is perfectly entitled to put his/her mark on every post I suppose. It seems rather pointless.

[d1nga] 08/1/2021 12:29

I think you miss the point htrocka , it matters nowt the price of oil if it cant be extracted cheaply

[htrocka2] 08/1/2021 12:10

'fire away'......this is no imagination.

[thegreatgeraldo] 08/1/2021 09:38

Linz22
8 Jan '21 - 08:53 - 22726 of 22727
0 1 0
You've mentioned this on more than one occasion now and you are of course perfectly correct, by the application of accurate terminology, that 'residual oil' is the immobile stuff adhered to and lining the pore spaces after the mobile HCs have been extracted, or migrated elsewhere - similar in terms of what's found in the remnants of a source rock, or 'dead oil' to quote a field term.

But, in this case, the accuracy of the terminology really depends on who employed it, eg. a non-geologist chatting in the pub, or an online forum, referring to presumed existent oil that had previously been overlooked, or 'perched', somehow, below a revised OWC within the aquifer, ...

....As far as I'm aware, HUR have never mentioned significant, producible volumes of oil below the OWC. I'll be amazed if some holders here haven't been in touch with the company to ask about this oil. As we've seen nothing mentioned from holders, it is reasonable to assume that the oil exists in the imagination of Crystal Amber as cover for a punt.

If anyone has concrete evidence to the contrary.....fire away......

[ngms27] 08/1/2021 09:17

It's worth clarifying that for water or oil to be perched requires low permeability and poor connectivity.

[tournesol] 08/1/2021 08:32

What exactly do you understand by the word RESIDUAL?

as in "residual oil may be present"

Yesterday I finished off a bottle of olive oil. To all intents and purposes the bottle was empty. But if you looked closer there was a thin film of oil on the inside of the glass and a tiny dribble on the bottom. That's residual oil. It's the stuff that was left behind when the bottle was emptied.

In a subterranean oil bearing structure the residual oil is the stuff that has been left behind after the mobile oil has gone - either because it has migrated to a different bit of geology, or because it has been extracted. In either case residual oil is interesting because it provides evidence of what used to be there. But by definition it's of little or no economic value in itself.

Residual oil which is above the OWC could be subjected to attempts at extraction - like shaking the bottle upside down to get the last few drops out. But residual oil below the OWC will, by definition, be submerged in water. That means that any attempt to extract it will be ruinously expensive because if you did have a magic technique to hoover it out you'd end up with far more water than oil. In effect you'd have a water cut of getting on for 100% of the produced liquid. And that would not be economic.

The repeated claims that there is residual oil below the OWC are not relevant to the valuation of Hur's assets. They are a distraction. They refer to submerged and uneconomic traces left behind when the mobile oil has gone. If you or CA claim to have have a magic spell that would allow such residual oil to be produced then you need to explain it. Until then it's just wishful thinking.