Hurricane Energy Share Discussion Threads

[ctc1] 02/2/2021 16:45

That's some grudge you got there man

[ngms27] 02/2/2021 16:34

Meet the new CPR, same as the last CPR. Won't get fooled again.

[bocase] 02/2/2021 16:06

Oh Dear...an escapee from Reddit...BT filtered

[btvitexcoinvxcryptowhale] 02/2/2021 16:03

As usual
Fundraise comes

I'll buy 4 million at 1p

Accumulate as much sub 3p as you can.

I think impossible to hit 1p

But if it does I'll be bagging shut loads

But I'm very rarely wrong

2.2p to 2.5p lowest you will get

Hope I'm wrong
And get cheaper

Bag up

[fat frank] 02/2/2021 15:49

Lets wait for the CPR

[ctc1] 02/2/2021 15:44

Lets wait for the CPR

[pro_s2009] 02/2/2021 15:33

As has been said.......a rising oil price at this moment in time might not be good for HUR shareholders........

Simply it makes the mathematics very nice for the bondholders, who can now see that on current production rates and decline they can get their money back by simply running the current wells into oblivion.

And if thats so, they are not going to want to risk losing that by some high risk work program that might go wrong...........better for the Bondholders for HUR to do nothing and just generate the cash to pay back the debts due next year and shut the company down.

HUR equity holders at this moment should be hoping for low oil prices.......until the decision to proceed with a FWP is made...........else a rising oil price now makes equity wipe out more likely as Bondholders will be more likely to sit it out and wait and want no action taken.............

[ctc1] 02/2/2021 14:43

Lets wait for the CPR

[btvitexcoinvxcryptowhale] 02/2/2021 14:41

Ok for those who know BT.

Easy 5-10 bagger.





Boom

BT is the man

[bocase] 02/2/2021 14:31

'Only' 480,000bbls at $57 will do very nicely......

Make that $58 Frank

[ngms27] 02/2/2021 14:17

The only reason they are producing above 10k bopd is because they made the decision to take voidage to generate more short term capital.

This will have the affect of bringing forward the date of bubble point due to higher reservoir pressure depletion.

It's a desperate measure by a company up sh1t creek without a paddle. Well 6 is going the way of the Well 7z PDQ IMHO.

8/10/2020 14500 bopd 19% water cut natural flow
November 2020 average 11900 bopd 29% water cut natural flow
14/1/2021 12100 bopd 25% water cut on ESP

So at the end of November would anyone care to speculate what the water cut was on natural lift? I know some industry figures that have suggested when water cut approaches 50% is the normal time to turn on the ESP.

Increased water cut on Natural flow means that the Aquifer / OWC is getting much closer to Well 6. Have a look at slide 12 on the 11/9/2020 presentation to see a cross section of the reservoir to understand what this means to future oil production volumes.

Switching on the ESP assists pulling oil from longer sections of the horizontal section so does provide a stay of execution. The real question is for how long? and when will the new well be drilled?

[btvitexcoinvxcryptowhale] 02/2/2021 12:25

Let's talk gains for Vx pro s2 9000

29 million coins
80% staked for dividends

On a small exchange

3million available
15mill in circulation out of max29mill in 6 years

Lists on a big exchange with any volume

£5 a coin 20p now

Boom lol

Doesn't list 27000 distributed a day now
5000 only in 2 years time

ViteX volume trade increases Vx decrease rarer price goes up as folk biy Vx due to rarity and for dividends

Dividends go up no one sells Vx price goes up more

Yeah keep a trading bag

Go learn fast

So back to Hurricane energy

EASY CASH

CAUSE BT IS NEVER WRONG

YOU SAID I WAS WRONG AT 25P WHEN I SAID 5P LOL

And Sound Energy told me James Parsons wasn't a crook at 99p

Now I see they are trying to take him to court at 2p lol

Speak soon

PS xtr is a scam stock stay clear

[ghhghh] 02/2/2021 11:11

But it's not growing 'exponentially'! You claimed sub 10K bopd by 2020 YE. HUR clearly disagree with you, hence steering brokers to 11K average 2021!

Sandstones appear to be a major factor but we need to see CPR...

Why don't you wait for this?

[ngms27] 02/2/2021 10:59

Why are the sandstones relevant when the empirical evidence shows exponentially growing water cut which means at a constant production rate the OWC is also rising exponentially. This shouldn't be unexpected given Lancaster is a ridge and thus has a broadly triangular shape. Basic Maths.It's now clear that well 6 is now pretty close to the OWC and it's lifetime producing above the commercial threshold is very limited.

[btvitexcoinvxcryptowhale] 02/2/2021 10:53

Regarding pro s2 0009

I would ask around Lse who BT Buried Treasure is before you make assumptions

Enjoy the biggest gainer on lse soon

Buyout 10-15p offer in my opinion lol coming soon

Say no to the buyout

BT

[ghhghh] 02/2/2021 10:29

ngms

And the sandstones? Do you know the extent/contribution?

How can you evaluate HUR without knowing this? Last webcast, even Beverley didn't know!

[jotoha2] 02/2/2021 10:27

Usual culprits trying to save everyones cash , how nice of them.

[ngms27] 02/2/2021 10:15

Remember Lancaster is a buried ridge.

That means the nearer the top you go volume decreases exponentially.

That also means that the OWC with extraction of oil will rise at a faster rate at a constant oil production.

What we have seen is that November on natural flow saw production change from 14500 bopd and 19% on the 8th October water cut to < 12000 bopd and 29% water cut

For now the ESP has saved the day, but it won't last that long as you cannot defy the laws of gravity.

In my opinion well 6 is now in the last throws of commercial extraction and won't last (above commercial threshold) until HUR carry out any remedial work.

[thegreatgeraldo] 02/2/2021 09:37

But well 7z was cunningly completed with its toes dipping in the aquifer.....not the case with well 6

[pro_s2009] 02/2/2021 09:29

Suggesting that production of oil is declining as the water cut increases yet more........

And we know from well 7, once the water cut increases more, it seems to accelerate faster as well.