Hurricane Energy Share Discussion Threads

[jotoha2] 05/2/2021 12:09

Looks like sentiment may well be changing here , at $65 oil price , then this is not a dog after all for the next 18 month.

[mrwaite] 05/2/2021 12:07

ngms27
What I don't understand is why they would spend the money to P&A it now, when with extension already granted they don't need to until next year.
Must be an additional use for the rig in this early timeframe , but not yet stated?

[ngms27] 05/2/2021 11:53

The Lincoln well 14 is too close to the OWC to put into production

[thegreatgeraldo] 05/2/2021 11:34

Andysarah
5 Feb '21 - 11:10 - 23355 of 23355
0 0 0
If the guidance is indeed 11000 bod

.....It's the figure Hannam & partners are working on ........

Rrom their latest note:

The current production of 12.1kbbl/d and water cut of ~25% remains steady. The water production level is well within the handling capacity of the FPSO but the well production rate has been choked back to manage the reservoir and avoid water coning issues. In 2021, we expect production of 11kbbl/d, a moderate decline, which may be partially offset by a Q4 bump from the 205/21a-7z well re-entry.

[andysarah] 05/2/2021 11:10

If the guidance is indeed 11000 bod @95% uptime gives HUR enough cash including cash on hand to comfortably pay the CBs next year and half the cash to pay for the 7Z sidetrack. If the Lincoln well is tied back would be a tremendous bonus.

[kooba] 05/2/2021 10:47

BP contract details on Hurricane placing document page 265.https://www.hurricaneenergy.com/investors/placing-documentationAs such, BP's payment to Hurricane is calculated by taking (i) the average of all the high and low quotations on Platts Crude Oil Marketwire for Dated Brent during the first five days of the Bill of Lading month (subject to BP's election to adopt such average from a period at the end of a month); plus (ii) the differential to Dated Brent in BP's on-sale price to third party offtakers FOB at the delivery point (or, if delivery terms are not FOB at the delivery point, then the differential is netted back to BP at a level that reasonably reflects a FOB delivery point differential to Dated Brent using the actual figures); less (iii) a marketing fee.Should be getting quick benefit from rise in Brent , unless they have sold forward.

[whitedukejay] 05/2/2021 09:58

Tgg your sarcastic empathy shows your character ,i guess most investors are aware there are problems hence the share price ,so its no surprise if yields are dropping, we are now holding well me anyway for the remedial action which im certain is forthcoming and its something you are dreading no doubt. Go well

What was your answer to why the interest think i missed it?

[neilyb675] 05/2/2021 09:48

1.2million BUY

[mhin2] 05/2/2021 09:25

lets see how production holds up..poo as one of the necessary (but insufficient per se) conditions is rapidly going in the right direction. The other necessary, possible and desirable condition have yet to unfold....lets hope it is in hurs favour.

[thegreatgeraldo] 05/2/2021 09:23

Indeed. That was the reason for the "Ouch" comment...obviously. Laserdisc is one of the posters here who does know what he's talking about.

[ngms27] 05/2/2021 09:11

450000/41 days = 11k bopd

[thegreatgeraldo] 05/2/2021 08:48

whitedukejay
5 Feb '21 - 01:20 - 23338 of 23345
0 2 1
"ouch"
give me one honest answer as your the one forever asking questions ,what does it matter to you if its 450,000 or 600,000?

..Odd question, it doesn't matter...... obviously.

..... It might surprise a few holders who have been talking the share price up though, don't you think, if the original poster is close to correct?

[professor_az] 05/2/2021 07:37

FatFrank ok?

[back2basics1] 05/2/2021 07:24

@laserdisc, Significant/Extremely Timely update with Brent amazingly now at ~$60 and gaining further momentum, HUR is clearly making a killing here with continuously increasing company net-cash.

[johnwise] 05/2/2021 07:03

Carbon tax plan gets binned by Boris Johnson:

"More like the fear that it would spark riots due to the loss of jobs etc, would bring widespread misery, many are struggling already... Now let's drop the insane carbon zero race. Co2 is essential for plants. Without the oxygen they give off, all animals on the planet will die. Co2 levels in the atmosphere are not dangerously high, they're dangerously low."See link video below "A Dearth of Carbon Dr. Patrick Moore"

Carbon tax plan gets binned by Boris Johnson amid fear it would spark a rise in food prices

Boris Johnson last night killed off the idea of a carbon tax that could have seen huge price rises for meat, cheese and gas.


Video: The truth about global warming


VIDEO: A Dearth of Carbon Dr. Patrick Moore


VIDEO: European Parliament Told 'There is No Climate Emergency!'


Exposed: How world leaders were duped into investing billions over manipulated global warming data

[leoneobull] 05/2/2021 06:24

https://oilprice.com/Energy/Crude-Oil/Big-Oils-Exploration-Cuts-Exacerbate-Supply-Deficit.htmltriple digits for oil in future? Not out of question, according to this article due to huge cuts in exploration since 2014...

[leoneobull] 05/2/2021 06:08

CA had better be getting activist on behalf of equity...they were pumping JPM's 247p or was it 347p share price target I don't recall ..I would take 10p, I'm not a greedy chap

[leoneobull] 05/2/2021 06:02

Saved by Brent, 59.24 USD. Let's recall H1 2020 av. selling price was 30 USD. Yes, chaps, what a recovery in Brent, compared with the trough of 16 USD.All we need to do now is find some of the reserves Beverley and co lost down the settee. gggh gggh let's get sweeeping those sandstones!

[whitedukejay] 05/2/2021 01:21

And i dont expect an honest reply

[whitedukejay] 05/2/2021 01:20

"ouch"
give me one honest answer as your the one forever asking questions ,what does it matter to you if its 450,000 or 600,000?

[thegreatgeraldo] 04/2/2021 21:02

this 20th offload looks very similar patterns to the last 19th offload i will go for 450,000

Ouch!

[lfdkmp] 04/2/2021 16:50

Ah obvious. :=)