Hurricane Energy Share Discussion Threads

[ngms27] 22/2/2021 14:27

Except that they haven't issued production guidance post 31st December 2021.

[thegreatgeraldo] 22/2/2021 14:21

Cappajumping
22 Feb '21 - 13:50 - 23863 of 23863
0 1 0
I get it ngms. If prod had slipped below consensus they would have had to issue a profit warning, they havent. So 10k in my opinion is conservative ......but how long does the prod last at that level is the big question,

...Company guidance is bordering on incoherent. From the famoius update in Sept '20..

...."remaining 2P reserves at 1 September 2020 are estimated at 9.4 MMbbls (subject to economic limit test)."

.....We have to wait & see what the revised CPR has to say...

[cappajumping] 22/2/2021 13:50

I get it ngms. If prod had slipped below consensus they would have had to issue a profit warning, they havent. So 10k in my opinion is conservative but how long does the prod last at that level is the big question, the oil price looks solid for the next 3-6 months as the world restarts.

[ngms27] 22/2/2021 13:40

If, if, if

[cappajumping] 22/2/2021 13:39

Oil Jan-Feb average say $57, cost of production say $18 as per interims, so oil sales profit $39. Assume prod is 10,000bopd 365 days the cash generation on the above assumptions is c$142m. Net cash equivalents interims was circa $130m. The bond conversion debt $211m@ interims fair value. For every $1 on a barrel the cash benefit is $3.6m. If prod is 12,000bopd same assumptions cash gen is extra $28m.

If Prod is 10k at average say $65 then net cash generated $171m, and for 12k $205m.

The bond repayment/redemption is comfortable, provided production remains 10-12k bopd and oil averages $57 plus for 2021, and not many analysts think it will be lower. Anything above is pure windfall. The above represent fair wind assumptions and 365 days prod is unrealistic I know. Buy back the bonds at every opportunity and cancel them seems like a good strategy when viewed in context of above. Mkt cap today is $94m. If prod reserves can last 3 years this is still a no brainer of a purchase.

[onlylongterm9] 22/2/2021 12:02

Post from lse bb today:

“TopCat81
Today 11:06
Posts: 133
Price: 3.50

Well raised point Kammi, some tend to forget that still today, HUR is a relatively significant producer, and with rapidly risen oil prices (Brent today at ~$64 and still rising), HUR could potentially increase it’s company net-cash by noticeably game changing amounts going forward, not to mention huge potential in it’s vast assets/licenses for further exploration, development, and subsequent increased production via various options including farmout agreements, HUR suppressed and possibly manipulated share price will not stay at these unrealistically lowball levels for long, recent institutional short closures are a testimony on same, DYOR.”

[canetois] 22/2/2021 11:46

bocase: "Now that would change the dynamics."

It would if we had some oil to sell.

[bocase] 22/2/2021 09:18

Talk in the Sunday press quoting oil analysts saying that the perfect storm is brewing with demand rising and supply falling and oil could hit $150 in the next year or so for a new all time high and even $200 is not impossible.

Now that would change the dynamics.

[leoneobull] 22/2/2021 05:59

"Goldman Sees Brent Oil at $75 as Supply Response Trails Demand(Bloomberg) -- Oil prices will rally sooner and higher than previously thought as the global energy demand recovery outpaces the supply response from the OPEC+ alliance, shale and Iran, according to Goldman Sachs Group Inc.Consumption will get back to pre-virus levels by late July, while output from major producers is likely to remain "highly inelastic" to the rising prices, the bank said in a note. Goldman raised its Brent forecasts by $10 a barrel, to $70 next quarter and $75 in the following three months."GLA! Including Mr Maris...

[htrocka2] 21/2/2021 19:03

I doubt one get's head hunted, does a bit of DD, accepts the job, signs a contract, just to throw the towel in, otherwise what was the point of the exercise?

[jotoha2] 21/2/2021 13:12

Well the head potato has kept his head down for many months , so one has to assume he is working on something rather juicy for all concerned, looking forward to his ground breaking news.

[d1nga] 21/2/2021 09:53

Maris Piper


But will they spud another producer or water injector.

Kick the can down the road a while I'd say another producer.

[jotoha2] 20/2/2021 20:47

Nice to see you have respect for the CEO , lets see what he actually comes up with , if its zero then many will call him inept Maris for sure .

[canetois] 20/2/2021 17:12

So be it....................wouldn't do for me I'm afraid, and I'm down 90% here as well. Perhaps I'm just an unusual Yorkshireman.

[leoneobull] 20/2/2021 12:50

I could live with partial dilution if we raise finance and get a FWP in place....the share price might even rise , as presently absolutely priced to go bust.What I could not accept is shareholders shafted having already been lied to by HUR... perched water, 1% oil below certain depth etc. Conveniently only revealed several years later. Criminal ....

[leoneobull] 20/2/2021 12:47

Good post HD! Brent.may have saved us, rather than anything the HUR BOD has done

[kooba] 20/2/2021 12:04

Yes apart from Trice who had a holding the rest of the board are holding less than most private investors even after some token purchases back in Sept at around 3p. Kerogen man has left the building ..perhaps CA should put someone on the board during these negotiations to represent shareholder interests as current board have no skin in the game?

[hiddendepths] 20/2/2021 09:02

Leoneobull - the low share price has not diluted you. Your gearing to any good news is exceptionally high at present. Double or triple the number of shares in issue through a refinancing package and it's another matter!

The rise in oil prices may have added enough cash that the bondholders will not be handed most of the company's equity in exchange for the bonds. Then it's mainly the amount and price of any fund raise that will determine the extent of the dilution.

One of the key determinants historically for companies in this position is the shareholdings of the directors. If they have a lot of capital tied up in the equity the last thing they want is to be diluted to next to nothing. If they have little to lose, it's surprising how casual they are about handing out new shares on the cheap.

It may be different here of course. Maybe they will respect their shareholders' equity more than most.

[leoneobull] 19/2/2021 17:03

C'mon Maris, let's get some positive TNS out. Ps Please dont dilute us to oblivion , the share price has already done that!

[jotoha2] 19/2/2021 09:17

Could this work.....HUR /SEY/SPIRIT , market would love it .

[comedy] 19/2/2021 08:20

strange in backwardation?

[jotoha2] 19/2/2021 08:16

Just maybe a cup/handle forming here, it usually means a very strong upward movement.

[porrohmahnn] 18/2/2021 21:47

"18 February 2021 16:36 UTC Price Monitoring Extension

RNS Number : 6375P
Hurricane Energy PLC
18 February 2021

Price Monitoring Extension

The auction call period has been extended in this security by 5 minutes.

Auction call extensions give London Stock Exchange electronic order book users a further opportunity to review the prices and sizes of orders entered in an individual security's auction call before the execution occurs. A price monitoring extension is activated when the matching process would have otherwise resulted in an execution price that is a pre-determined percentage above or below the price of the most recent automated execution today.

The applicable percentage is set by reference to a security's Millennium Exchange sector. This is set out in the Sector Breakdown tab of the Parameters document at www.londonstockexchange.com/tradingservices"

Then another one;

"18 February 2021 16:41 UTC Second Price Monitoring Extn

RNS Number : 6396P
Hurricane Energy PLC
18 February 2021

Second Price Monitoring Extension

A second and final Price Monitoring Extension has been activated in this security. The auction call period is extended in this security for a further 5 minutes.

Following the first price monitoring extension this security would still have executed more than a pre-determined percentage above or below the price of the most recent automated execution today. London Stock Exchange electronic order book users have a final opportunity to review the prices and sizes of orders entered in this security prior to the auction execution.

The applicable percentage is set by reference to a security's Millennium Exchange sector. This is set out in the Sector Breakdown tab of the Parameters document at www.londonstockexchange.com/tradingservices"