Hurricane Energy Share Discussion Threads

[mrwaite] 03/2/2021 14:00

Can someone remind me as to why HUR couldn't tie-back 'well 14', but instead palnned to P&A it?
I think the Mar 2020 RNS below relates to the next Lincoln well which was not drilled. Maybe my 80 yo memory is failing me though.

"· The GWA Joint Venture will build-out the equipment and materials required to tie-back a single well from the GWA to the Aoka Mizu FPSO on a 50:50 basis with an additional net cost to Hurricane of $20.5 million. On completion, these items will be held in storage until the GWA Joint Venture sanctions the tie-back of a well to the Aoka Mizu FPSO, with the required regulatory consents to do so."

[thegreatgeraldo] 03/2/2021 13:03

post 23282

Cheers, very flexible approach to commitments rather than a blanket open ended extension?

PS Worth bearing in mind the depth Lincoln well 14 was drilled to & HUR's thinking about the depth of the Lincoln OWC....

[andysarah] 03/2/2021 12:58

Post 23281.
hxxps://www.ogauthority.co.uk/news-publications/news/2021/update-on-oga-approach-to-licence-amendments/

[thegreatgeraldo] 03/2/2021 12:42

P&A well 14 on Lincoln? Not seem an extension for that granted....

[bearnecessities33] 03/2/2021 12:31

An interesting post/read here from lse board today:

“lonestag
Today 10:50
Posts: 2,012
Price: 2.668

There’s a SAT in for Lincoln well intervention- could it be that Crystal Amber note about linking it in is the plan?
PETROFAC FACILITIES MANAGEMENT LIMITED WIA/1027 Lincoln 205/26b 205/26b- 14
MoDU/Vessel Paul B. Loyd, Jnr
Chemical Permit CP/2261/0 19th January 2021 1st April 2021 Submitted
PETROFAC FACILITIES MANAGEMENT LIMITED WIA/1027 Lincoln 205/26b 205/26b- 14
MoDU/Vessel Paul B. Loyd, Jnr
Consent to Locate a Mobile Installation CL/1081/0 19th January 2021 1st April 2021 Submitted
PETROFAC FACILITIES MANAGEMENT LIMITED WIA/1027 Lincoln 205/26b 205/26b- 14
MoDU/Vessel Paul B. Loyd, Jnr
Marine Licence ML/555/0 19th January 2021 1st April 2021 Submitted”

[tournesol] 03/2/2021 11:39

"...one thing noteworthy here for all is that West Shetland is generally considered a very rich area…"

And yet there wasn't exactly a bidding war when Spirit farmed in and there doesn't appear to be scramble by eager bidders now…...

[thegreatgeraldo] 03/2/2021 11:35

bearnecessities33
3 Feb '21 - 11:23 - 23277 of 23277
0 5 0
As I said, not long to wait for the company CPR (before the end of this very quarter, as per HUR), so best wait for that

.....Fair enough..

.... So your view that the downgrade was "strangely brutal" is just wishful thinking..... not some insight into why the OWC may be deeper than the company believe. Thanks for clarifying.

[bearnecessities33] 03/2/2021 11:23

As I said, not long to wait for the company CPR (before the end of this very quarter, as per HUR), so best wait for that, and I will certainly not attempt to predict any figures while awaiting imminent updates. However, one thing noteworthy here for all is that West Shetland is generally considered a very rich area, and to quote Antony Maris from the 14 Jan company RNS:

“A continued recovery in oil prices would further enhance the significant value we see in our West of Shetland portfolio.” DYOR.

[thegreatgeraldo] 03/2/2021 10:41

bearnecessities33
3 Feb '21 - 10:34 - 23275 of 23275
0 3 0


the strangely brutal kitchen sinking of HUR assets conducted here last September!

..Go on, I'll bite.... at what depth do you think the OWC lies? If you believe the OWC is deeper than the company view, care to share what your view is based on? Thanks.

[bearnecessities33] 03/2/2021 10:34

Not long to wait for the company CPR which I suspect, will be lot better than expected, particularly post the strangely brutal kitchen sinking of HUR assets conducted here last September!

[ngms27] 03/2/2021 10:18

I don't doubt the short/medium term outlook for oil is bullish. What I do doubt is how much HUR can produce before they go below the commercial threshold. Its my opinion this will be before any remediation takes place.

[bearnecessities33] 03/2/2021 09:57

Post from lse HUR board today:

“HUR - Time 2 Significantly Add/Buy Here Because...........03 Feb 2021 08:59

Brent Oil at circa $58 and gaining momentum
Tanker ready with HUR crude about to Offload again
HUR Net-Cash now significantly on the Rise
Vaccines In the making and very tight Supply/Demand fundamentals ahead for Crude
Shorts Unusually/Rapidly Closing HUR Short Positions with same trend likely set to continue
Company CPR due by end of Q1 post an extreme/strange Kitchen Sink of Assets last September
Forward Plan Funding Updates, Ops. & Logistical Options all imminent/looking positive with current tailwinds in place
Extremely vast prolific West of Shetlands acreage to further explore & develop with variety of options including farmout
O&G M&A on the rise
Massive Company Tax Credits ready for utilisation
..................................................................................etc....................

So much potential here and yet HUR share price very strangely still trading under 3p! This crazy low valuation cannot last, IMOO, please DYOR, and GLA”

[htrocka2] 03/2/2021 09:37

Disclosed positions in HURRICANE ENERGY PLC (HUR)

Notice:

We no longer track disclosures after they drop below 0.5%. It is possible that the manager still holds a short position even if we are showing it as zero.

[laserdisc] 03/2/2021 08:59

away now will be out over buckie

[monkeybusiness1] 03/2/2021 08:09

Brent up again, now more than 1% so far today and trading above USD $58 mark.

[tcarter66208] 03/2/2021 08:04

Hes a dangerous ramper on this board.

[laserdisc] 03/2/2021 08:03

flt later ready for boarding

[tradoil] 03/2/2021 07:54

Thankyou Laserdisc. I'm grateful for the information you bring to this board.

[laserdisc] 03/2/2021 07:51

tanker on sch 36nm out now from AM

[tradoil] 03/2/2021 07:34

Leoneobull. I enjoy your posts. Often well balanced and thought out and a decent foil to the constant negativity on here. I would however caution you against commentating on Polygons modus operandi. I think that can only end in tears on a public forum. Just my view and feel free to ignore.

[leoneobull] 03/2/2021 06:35

Many suspect POLYGLON used inside info to short. Their rapid closing suggests they may soon be POLYGONE...,so who knows what they have heard re a FWP???

[thecomposer] 03/2/2021 06:28

Lot more short position closures on the way here with Brent ~$58 and potentially rising further, also, significant amount of game changing company updates now due soon for the very much suppressed HUR SP, IMHO, DYOR.

“Oil Jumps to One-Year High With Depleting Supplies Aiding Rally”

“Domestic crude stockpiles fell by 4.26 million barrels: API”