Hurricane Energy Share Discussion Threads

[leoneobull] 28/2/2021 17:29

BT. You seriously live in Aberdeen?

[btvitexcoinvxcryptowhale] 28/2/2021 17:13

As for no one no posters having inside info.Correct I have none.Only chit chat amongst oil bosses.But hey that's closer than you will ever get to inside news on your carrot stock lolBT

[btvitexcoinvxcryptowhale] 28/2/2021 17:11

Remember I live in Aberdeen Slift you don't.And I'm friends with Enquest bosses who talk to other bosses.Love ya Splift What I can guarantee you is Harvest Minerals will dilute and issue soon.And you'll ne silent when Hurricane Energy don't LolBT

[btvitexcoinvxcryptowhale] 28/2/2021 17:09

Slift Unfortunately for you my friend.Hurricane Energy have decided No Dilution required So your 50 per cent is a bit off.Go back to your carrot stock lolBT

[fat frank] 28/2/2021 16:00

I just want them to spud a well.......

[kooba] 28/2/2021 10:19

No need to get chippy ?

[jotoha2] 28/2/2021 09:29

Maris piper must be ready to announce ground breaking plans, the world is waiting sir.

[kooba] 28/2/2021 09:12

Hurricane and partners released the installation vessels but continued to build the previously ordered kit so some cost already taken. Availability of necessary vessels ?https://www.energyvoice.com/oilandgas/north-sea/222469/hurricane-spirit-rule-out-lincoln-crestal-tieback-in-2020/This tie back has been suggested by CA and I haven't seen a commercial or technical reason why this is not being considered , there could be issues with OGA but I gather there is more movement in light of the pandemic to help E&P co's , I also gather the relationship between the mercurial Dr T and the OGA was not constructive.The radio silence in light of the industry background and the fact that the Bonds are not due for immediate repayment is deafening...let's have a plan that shareholders can get behind.

[kooba] 28/2/2021 08:59

Thoughts on Lincoln Crestal tie back ? The project was put back in early 2020 it seems as to whether that was purely commercial considerations , permit compliance with OGA or just that the company thought at the time there were better bets expanding Lancaster is slightly unclear.What was the case then certainly might not be the case now but it appears the company needs to move fast if it is to pursue the opportunity to tie back before the scheduled P&A june '21. A low cost workplan to tie back to up to 10000 bopd production which would enhance the unit cost of the AM and would almost double production and would extend the life of the FPSO when Lancaster production tails off must be fully evaluated surely?

[professor_az] 27/2/2021 22:14

NGMS27.... which account are u using to downtick all the postings? Always knew FatFrank was right about scum like u

[andysarah] 27/2/2021 16:48

ngms27 et tu Brute.

[kooba] 27/2/2021 16:47

They would have to inform the market if there was a material difference in production from last update as it would be price sensitive. As for whether there is a take out in the offing..its not impossible but i think it might not be in the interests of equity holders...i maintain there is a worrying lack of engagement with leading equity holders even when said equity holders are pushing for engagement and clarity from what i understand.....why??

[kooba] 27/2/2021 16:37

Would the price of oil have an impact on the commercial threshold ? Ie if you were making say $40 clear per barrel not $20 ? Those thresholds mentioned might be significantly lower than in Dec i guess. But hey ho lets avoid any positivity.

[ngms27] 27/2/2021 16:26

Wild speculation! I'd call it winning Euro Millions ;)

[ngms27] 27/2/2021 16:25

They only tend to update production quarterly so I think it's safe to assume it's still over the commercial threshold.

[andysarah] 27/2/2021 12:18

Fat Frank - Perhaps HUR have a rig but not in their name because they will not be around once the drilling starts. End of March CPR, HUR accounts, Chrysaor completes PMO transaction. Last week of March Harbour Energy is listed. All just wild speculation on my part.

[fat frank] 27/2/2021 11:26

ngms27: The note from 14th Jan reads 'The current production of 12.1kbbl/d and water cut of ~25% remains steady.'

That is current production at mid-January, not Q4 2020.

If this had changed surely we would have had yet another negative RNS??

My concern is that, unless the Petrofac 70 day contracting of Stena Don is for HUR, they don't seem to have a rig.

[leoneobull] 27/2/2021 11:11

Diminished the WC that is ..

[leoneobull] 27/2/2021 11:10

So we diminished when they stopped the 7z experiment. Seems to me the guidance in the Hannam note of 11ks in 2021 is spot on. Fingers crossed

[jacks13] 27/2/2021 09:49

Month - oil(bbl/d) - water(bbl/d) - water cut(%)

October - 14131 - 4058 - 22.3
November - 11854 - 4880 - 29.2
December(f) - 12115 - 3750 - 23.6
_________________________________________________
Qtr-4 *- 12700 - 4229 - 25.0

* Since the Company's last update on 8 October 2020, the field has continued to produce from the 205/21a-6 well alone, except for a short period of testing the 205/21a-7z well to assist in the refinement of the reservoir simulation model.
RNS 18 Dec 2020

[leoneobull] 27/2/2021 08:14

Let's look at it like this, hur has managed to produce 12 to 17ks a day for 18 months. The WC and low OWC has been a disaster. But let's look at comparisons with other big names. PMO Solan 1.85 billion usd , produced 5000 a day declared Ning to 1500. Only after drilling another well did they get to 10000TLW expected to produce only 60 to 66ks this year....,so HUR is producing 20% of what a former FTSE 100 is producing.Were it not for CV revenue plunge, HUR could have bought their way out of this mess. So earlier than expected Brent increase highly timely

[leoneobull] 27/2/2021 08:05

https://oilprice.com/Energy/Energy-General/Why-Oil-Bulls-Arent-Backing-Down.htmlbull by name, bull by nature.

[leoneobull] 27/2/2021 08:04

"Exxon's reserves plunge by one-third. In an SEC filing, ExxonMobil (NYSE: XOM)said its total oil and gas reserves fell by one-third to 15.2 billion barrels of oil. Most of the downgrade was concentrated in Canada's oil sands".maybe Beverley was let loose near the Exxon kitchen sink?

[ngms27] 27/2/2021 08:03

Frank, that's the entire quarter, I'm looking for monthly decline rates and increasing water cuts to get a better handle.

[ngms27] 27/2/2021 08:01

I'm not blue so cannot downtick any post...